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Credit deflation and the reflation cycle to come (part 9)
Axeman123 replied to spunko's topic in Property Prices & Economy
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: -
Credit deflation and the reflation cycle to come (part 9)
M S E Refugee replied to spunko's topic in Property Prices & Economy
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. - Today
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Credit deflation and the reflation cycle to come (part 9)
Long time lurking replied to spunko's topic in Property Prices & Economy
Well worth the time and the posters comments are spot on IMO -
Universities going bankrupt (either morally or financially) thread
One percent replied to sancho panza's topic in Property Prices & Economy
Ta. I do know that year on year from 2008 it was two percent at best. Wages just stood still. -
Universities going bankrupt (either morally or financially) thread
SpectrumFX replied to sancho panza's topic in Property Prices & Economy
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.
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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.
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FIFY.
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Universities going bankrupt (either morally or financially) thread
One percent replied to sancho panza's topic in Property Prices & Economy
And also that wages in universities were practically frozen from 2008. Dunno where they are now though. -
Credit deflation and the reflation cycle to come (part 9)
Calcutta replied to spunko's topic in Property Prices & Economy
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. -
Credit deflation and the reflation cycle to come (part 9)
Onsamui replied to spunko's topic in Property Prices & Economy
Menace on the Menu: The Financialisation of Farmland and the War on Food and Farming - Global ResearchGlobal Research - Centre for Research on Globalization -
Credit deflation and the reflation cycle to come (part 9)
kibuc replied to spunko's topic in Property Prices & Economy
A few more weeks like this and I might even be in the green! -
Credit deflation and the reflation cycle to come (part 9)
M S E Refugee replied to spunko's topic in Property Prices & Economy
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. -
Credit deflation and the reflation cycle to come (part 9)
Ellandback replied to spunko's topic in Property Prices & Economy
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. -
Credit deflation and the reflation cycle to come (part 9)
DurhamBorn replied to spunko's topic in Property Prices & Economy
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. -
Universities going bankrupt (either morally or financially) thread
Virgil Caine replied to sancho panza's topic in Property Prices & Economy
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 -
Credit deflation and the reflation cycle to come (part 9)
Castlevania replied to spunko's topic in Property Prices & Economy
Too busy counting your gains? -
Credit deflation and the reflation cycle to come (part 9)
kibuc replied to spunko's topic in Property Prices & Economy
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).
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Credit deflation and the reflation cycle to come (part 9)
Long time lurking replied to spunko's topic in Property Prices & Economy
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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.
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Universities going bankrupt (either morally or financially) thread
Virgil Caine replied to sancho panza's topic in Property Prices & Economy
Schools teach pupils a wide range of different subjects over 30 hours per week over 39 weeks of the year at a cost of about £7000 an annum per pupil. It is therefore difficult to understand why it costs £9250 to provide 15-25 hours tuition to University undergraduate students sometime over no more than 24 weeks of the year. -
Credit deflation and the reflation cycle to come (part 9)
wherebee replied to spunko's topic in Property Prices & Economy
I'm aware of some american financial services companies who won't service cigs, arms, oil, because they want to hit ESG targets. Insane, in my view. -
Credit deflation and the reflation cycle to come (part 9)
Castlevania replied to spunko's topic in Property Prices & Economy
It was more than that. Think it was around $2.80 paid out in 2023 per ADR. As I said, when the going’s good they churn out dividends (or as @Mandalorianwould say return your capital back to you). -
Credit deflation and the reflation cycle to come (part 9)
DurhamBorn replied to spunko's topic in Property Prices & Economy
Good point,fine for a SIPP luckily.Be interesting to see what the divi is within a SIPP as it looks like the last year might of been 14%.Looking at them they look like you should buy now,hold until they hit they $18 level and sell.Iv made good money over the years in several Brazilian stocks doing similar,some of them over and over,never multi bagging,but always consistent 50%+ gains.Tends to be some political issue when they all get hit and out of favour.Most institutions avoid the area because being mostly cyclical markets they cannot stomach the risks,but very lucrative for retail who understand the cycles at work.