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You can temporarily deceive all people, you can even deceive some people forever, but you cannot deceive all people forever

Not really. You’d be down 15-20%, at the same time he did say buy Bitcoin as a hedge via the Grayscale trust when it was trading at around 50% NAV.

I think you're right, he's not well.

Yes, shame to see Hugh Hendry acting like teenager. I will always remember watching him on Newsnight in 2010, with the “noble prize” economist Joseph Stieglitz saying there was no need to worry about Greece. Hugh replied with “ Hello, … can I tell you about the real world “. Amazing. However, his other predictions were rather hit and miss. Eg recently he was very big on TLT, which then exploded.

I saw one of his earlier where he was insisting how incredibly happy he is, which seems a massive red flag for depression etc. QE/ZIRP was a psychological war on people just as badly as COVID was, one left people masking and the other left Hugh and Raoul Pal permanent mental cripples:

What has happened to Hugh Hendry? He seems to be living his life arse about tit, he dresses like a fourteen year old seems to talk non stop about acid as if its something new. It's a shame because I used think he was quite an interesting character, I rarely watch him now as he's pretty tedious and tragic. I watched a video a few days ago and he was on about getting his ear pierced and a tattoo. Who waits until there in their 50's to do all that shit.

Well worth the time and the posters comments are spot on IMO

Ta. I do know that year on year from 2008 it was two percent at best. Wages just stood still.

They're on a standard pay scale across all institutions that's indexed each year. The pay's gone up, but the indexing hasn't matched inflation. The spinal points on the scale are all the same, but each institution mapped their roles differently when they adopted the system, so there are differences between institutions. Using Cardiff as an example, their standard Lecturer position currently tops out at £44,263 and the Senior Lecturer at £54,395. Way back in 2008 when the current system came in those salaries were £33,780 and £41,545 respectively. Had they kept pace with CPI from there, they'd currently be £54,465 and £66,932. So in real terms a Senior Lecturer is now paid what a Lecturer used to get. This effect will be the same for all institutions. Although the figures will differ a little for those that mapped the top of their grades to a different spinal point, the relative increase to CPI will be the same.

Just turn off the free money tap, they will all soon bugger off.

Doesn't solve the people who are already here So we still need to build millions of homes (France with the same population has 8 million more homes than the UK) and alongside that we need to stop importing millions of people. either that or we need to build millions of homes and then another few million for the people we continue to import.

FIFY.

And also that wages in universities were practically frozen from 2008. Dunno where they are now though.

Looks to me like PMs get a run up thru the middle of the month then get hit around the 20th, flatline for a couple of weeks then start on their way up again. No lines drawn tho I'm just staring at a chart till I lose focus then recklessly gambling with my children's futures.

Menace on the Menu: The Financialisation of Farmland and the War on Food and Farming - Global ResearchGlobal Research - Centre for Research on Globalization

A few more weeks like this and I might even be in the green!

Never got around to selling any Sovereigns, when the Gold/Silver ratio dropped I sold some Silver instead to buy some Gold and PM Miners.

Got all but one of those names and loads more silver / uranium shitcos in my ISA, it's been flying last few weeks, gone from -55% up to -20%! I need to sell into the top this time unlike 2020.

Dont forget the one i put forward for you all a month or two ago Bear Creek Mining,it went up another 15% friday I had a nightmare buying them had orders refused and had to leave limit orders to get filled slowly.Huge silver deposit,but likely diluted away to nothing to build the mine.I think i might flog them this week,thats is if i can,likely one where the market makers will only take them off you on a flying up day so they can make out like bandits on the spread.

One can’t help noticing that all the articles on tuition fees go on about the fact they have reduced in real terms by 50% since 2012. They conveniently forget that fees were just £1000 in 1998 before tripling to £3000 in 2004 and then going up by a similar amount in 2012 to £9000. If that £3000 figure from 2004 was inflation adjusted using the BOE calculator it would be worth £5284 today so Universities are still getting about £4000 per annum more than they would under the 2004 fees. There were 1,237,660 full time First Degree Students in 2004-2005 according to the HSE https://www.hesa.ac.uk/data-and-analysis/publications/students-2004-05/introduction In 2020-21 the figure was 1,883,860 First Degree Students https://www.hesa.ac.uk/news/19-01-2023/sb265-higher-education-student-statistics/numbers So basically a tripling of undergraduate fees has only increased the supply of undergraduates by 50%. That seems a poor return on the money invested regardless of degree subject

Too busy counting your gains?

The usual suspects are still way below their previous tops from the infamous silversqueeze, and on mcap basis too, so accounting for severe dillution over the years. One or two absolute dogcrap cos trebled from their lows of a few weeks ago, mostly because they were priced for bankruptcy. In some cases it makes sense, as those companies spent the last few years drilling dust, acquiring unpermittable "assets" and rewarding their management handsomely while building an overhang of cheap warrants, but the relativly well-run ones also only saw modest gains, all things considered. I haven't seen signs of a mania just yet. I have a feeling the likes of GR Silver and Equity Metals might moon, maybe ecen Santacruz, on a basis of "the crappier the company, the more it overshoots" but I don't have the stomach for it, plus there's always the worry of relatively low liquidity making the exit difficult. I'd love me some Impact Silver, sadly not available on II anymore. My main degenerate silver play is Avino, Abra is the quality one, Fortuna serves as the "large cap with silver in its name", even though it's a goldie. I might add some Discovery for the sheer size of their deposit which, like most low-grade bulks, gets larger with every dollar of price increase. TL;DR: Absolutely no fomo yet, at most there's some gambling on individual beaten-down stocks. Btw, you asked for goldies and I only talked about silver. Apologies, it's been frantic 24hrs.

The greens have it as a policy and strangely it’s really popular with people who find it very expensive to rent somewhere. but it’s completely insane given that rental turn around times are at an all time low - so the issue is lack of property even at current rents. The only solution is to build millions of homes and I just don’t see that happening (for multiple reasons one of which is lack of skilled workers).

Nationwide doubling their personal loan amounts - from £25k to £50k - because building costs have risen so much. https://www.theguardian.com/money/article/2024/may/18/nationwide-doubles-maximum-personal-loan-50k-rising-building-costs Interest rate on loans above £25k is 8.9% (no fees or early repayment apparently). Big old whack, too, if you need to go down the smaller loan amount to buy a house rather than a larger mortgage.