Noallegiance

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About Noallegiance

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  1. Because the answer to too much debt is always more debt..... apparently https://www.bbc.co.uk/news/uk-46494465 It's OK. Interserve were one of the companies on standby to take over Carillion contracts if necessary. A facepalm doesn't do justice to what's going on in government right now.
  2. Noallegiance

    The dud Kangaroo bounce thread

    May 'greater' London follow suit.
  3. Noallegiance

    The dud Kangaroo bounce thread

    "my home is actually depreciating in value, it's going down." O......M......flamin......G
  4. Just an utterly infuriating passage: "In other industries, when a business fails, it enters insolvency. Its creditors have a claim in that insolvency. How much they recover is determined by their position in the creditor hierarchy and the amount of losses in the firm (i.e. how much money there is available to pay creditors, and should creditors be paid in full, return to shareholders). For large banks and other large financial institutions, it is not in the public interest for them to enter insolvency due to the interconnectedness of the banking system (the insolvency of one bank can cause wide spread problems in financial markets) and the range of essential services they provide to customers and other industries. Disruption to these services could have serious repercussions for the economy." AKA - do what you want, you won't ever go out of business because we've ensured that you're tentacles are dug in to so much that you won't be allowed to suffer for your mistakes. We'll pass that on to the little people. Makes me want to set up my own political movement to shred these fuckers.
  5. Have you not heard of Brexit? Sheep loose in the lane? Brexit. No water on Mars? Brexit. Holes in your socks? Answers on a postcard...
  6. Noallegiance

    Autumn Budget

    £400 Just Eat vouchers for everyone over 17 stone.
  7. "Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius—and a lot of courage to move in the opposite direction." From E.F. Schumacher's 1973 book Small is Beautiful: A Study of Economics As If People Mattered.
  8. I'm glad it's not just me. In the absence of anything technical or useful to add to the thread in terms of data, I can only state my overall feelings toward all of the things I read. The Morpheus-like nagging that there's something wrong with the world grows on a daily basis. It's kinda stressful.
  9. Considering the volume of bad economic news during 2018, does anyone else feel like things should 'officially' be worse than they are being portrayed? It feels weird to me. Is this what the end of a major over-extended credit cycle looks like?
  10. Futures suggesting another drop at the open today... https://www.cnbc.com/pre-markets/
  11. Peak crazy, anyone? https://www.bbc.co.uk/news/uk-45534283
  12. Anyone else feel like a trip to a cash point?
  13. https://www.dailyfx.com/usd-try