Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: STMO123 on 19 February 2013, 19:25:17
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The national debt is getting bigger. We are running out of fuel. Inflation is above BOE comfort levels. Ever more high street shops and small companies are going bust. Get the idea?
The FTSE closed at a five year high today. Investors really are disconnected from the real economy. They think that the value of companies will just go up and up.
Where have I heard this before? And not that bleedin long ago either.
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We are turning Japanese. :(
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The national debt is getting bigger. We are running out of fuel. Inflation is above BOE comfort levels. Ever more high street shops and small companies are going bust. Get the idea?
The FTSE closed at a five year high today. Investors really are disconnected from the real economy. They think that the value of companies will just go up and up.
Where have I heard this before? And not that bleedin long ago either.
I agree and it will all end in tears when more bad news comes along and it drops to 5500 or so again. People and pension funds are investing as the dividend returns are higher than they are for bonds and savings accounts, but also because, apart from index based gilts they are perceived a better hedge against deliberate Government currency debasement through inflation and so it has become fashionable to keep your savings in this way.
But they may well get their fingers burnt here and make big losses and the FTSE is still lower than 1999, due to 10 years of Labour misrule and the current depression. So when it drops it may well be for a long period again due to the UK's and the EU's poor economic fundamentals. Personally, if I had money to invest and I don't currently, I would not invest under any circumstances in Europe and would probably look at a punt in emerging markets as at least they have growth and growth prospects.
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We are turning Japanese. :(
Yes, I think so. ::)
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I don't have a lot to save/invest, but I'm happy switching my building society account every twelve months, until the honeymoon period is over. I'm currently getting 3.2% on a santander easysaver account...and I don't pay tax.
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We are turning Japanese. :(
Yes, I think so. ::)
I really think so!
Flat economy, pathetic politics and completely disinterested public. So much so they barely bother with elections as nobody bothers to vote. As there is no point what so ever. As no matter who gets in, they're hands are completely tied by the flat economy.
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I don't have a lot to save/invest, but I'm happy switching my building society account every twelve months, until the honeymoon period is over. I'm currently getting 3.2% on a santander easysaver account...and I don't pay tax.
That seems quite good.... :y I must look around I have a few Łk sitting in my current account not getting any interest at all....... :-[ :-[ :-X
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I don't have a lot to save/invest, but I'm happy switching my building society account every twelve months, until the honeymoon period is over. I'm currently getting 3.2% on a santander easysaver account...and I don't pay tax.
That seems quite good.... :y I must look around I have a few Łk sitting in my current account not getting any interest at all....... :-[ :-[ :-X
Don't know if that one's still available, Mike, I got it about six months ago. Worth looking round though.
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We are turning Japanese. :(
Yes, I think so. ::)
I really think so!
Flat economy, pathetic politics and completely disinterested public. So much so they barely bother with elections as nobody bothers to vote. As there is no point what so ever. As no matter who gets in, they're hands are completely tied by the flat economy.
Not necessarily so. we need someone brave enough to CUT taxes (and reduce public expenditure). Yes, CUT taxes, not keep thinking about new ways to increase taxation.
Maybe you made typo, though, and meant to write a "fiat" economy (that joke is for Rods! ;))
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We are turning Japanese. :(
Yes, I think so. ::)
I really think so!
Flat economy, pathetic politics and completely disinterested public. So much so they barely bother with elections as nobody bothers to vote. As there is no point what so ever. As no matter who gets in, they're hands are completely tied by the flat economy.
Not necessarily so. we need someone brave enough to CUT taxes (and reduce public expenditure). Yes, CUT taxes, not keep thinking about new ways to increase taxation.
Maybe you made typo, though, and meant to write a "fiat" economy (that joke is for Rods! ;))
The crystal ball was focused on Japan, the comparisons are there, except we don't produce as much as they do.
Re our useless muppets in govt. I think we need a hot stinking curry, and clear the lot out in the morning. ;D
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If I had money to invest I'd be putting it in Indian banks... Around 10% interest currently :o
Pity I haven't got 2 pennies to rub together! ::)
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If I had money to invest I'd be putting it in Indian banks... Around 10% interest currently :o
Pity I haven't got 2 pennies to rub together! ::)
Or 2 rupees either! :)
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i wouldnt like there overdraft