nicko31
Well-known member
Just a week ago the orange man was bragging about record highs. Hold onto your hats we're in for a choppy ride
Just a week ago the orange man was bragging about record highs. Hold onto your hats we're in for a choppy ride
Just a week ago the orange man was bragging about record highs. Hold onto your hats we're in for a choppy ride
Brexit won't affect our economy, remember in 18 months time I'll be earning a small fortune picking cabbagesI'm surprised you haven't blamed it on Brexit - every other negative financial news you have. As per usual though, a complete lack of financial understanding.
The near 1,579 point fall was the biggest on the Dow but it recovered a third and in terms of percentage falls was run of the mill not massive. It was the biggest drop for the Dow since we allowed the uneducated to vote on the economic prosperity of the U.K.
Time to remortgage. Rates are going one way.
The near 1,579 point fall was the biggest on the Dow but it recovered a third and in terms of percentage falls was run of the mill not massive. It was the biggest drop for the Dow since we allowed the uneducated to vote on the economic prosperity of the U.K.
Time to remortgage. Rates are going one way.
Which will be a good thing. Interest rates being too low are not good for the economy and are a sign of an underlying weak economy. Of course, high interest are bad, but this shows the other extreme where inflation has run away. If interest rates start tho rise, this will likely be because there is wage inflation coming through, which is long overdue. No doubt though, the usual suspects will bleat about this being the fault of Brexit (as per any other price of economic news which they can spin - unsuccessfully usually though).
We’ve had 10 years of ‘exceptional’ monetary policy: QE and low or even negative interest rates. The only ones who have gained from this are those with capital and assets, as we’ve had asset price inflation. This has impacted the poor/young much harder.
Personally, I’d welcome a house price correction (not a crash, but a gradual decline to ‘sensible’ levels - I realise that this is subjective anyway). To me it’s always been insane that people think they are getting wealthier because the value of a bunch of bricks is going up increasing. Wealth should be earnt by work/risk taking. A house should be a home and not an investment vehicle.
Personally, I’d welcome a house price correction (not a crash, but a gradual decline to ‘sensible’ levels - I realise that this is subjective anyway). To me it’s always been insane that people think they are getting wealthier because the value of a bunch of bricks is going up increasing. Wealth should be earnt by work/risk taking. A house should be a home and not an investment vehicle.
Agree with most of this - I would challenge the implication that owning houses that you let out is 'risk free' - I say this as a landlord but it's not 'free money', there are plenty of pitfalls and if you're a 'good' landlord, there are lots of outgoings you're going to have to cover.
Agree on the housing market though, it's mental, our obsession with home ownership ASAP isn't healthy.
Ah well, no surprise.
Anyway, I have made one or two modest investments this morning, topping up a couple of existing holdings.
Watch the markets go lower now.![]()
Here comes Mr Panic.
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Yep, lot’s to worry about (not). Markets have got ahead of themselves and have had a correction. Market volatility rarely impacts ‘main street’. This is purely an adjustment to the fact the the American economy is STRONG and there is an increased risk of inflation and wage hikes. Which, considering the length of the recovery since the 2008 crisis is long overdue.
We have been living in strange times for monetary policy (QE, negative interest rates), so anything which is a step towards normality should be welcomed. But, some Chicken Littles will always think the sky is falling.