Credit deflation and the reflation cycle to come (part 2)

[Democorruptcy]

9 minutes ago, Bricks & Mortar said:

From The Guardian budget commentary,
"Sunak says debt is forecast to fall over the course of this parliament, going down from 79.5% of GDP this year to 75.2% in 2024-25."

Lolz

That was before coronavirus and all the money he is splurging at that. I agree something needs to be done to help businesses hopefully only needed temporary, though it seems heaven for shirkers. I'm glad I'm not doing the rota at work now. Ring 111 for a sick note? Trouble is with this 14 day cover, is that some will do it because they are lazy but then get the virus later. Not clear if you can claim repeatedly.

Clearly they are going to have to print loads to pay for this lot as per thread. 

[Democorruptcy]

33 minutes ago, BearyBear said:

125% HTB..?

It passed quickly but I thought I heard him say the governbankment was standing behind bank liabilities for 20% of this SME lending? If I got that right it seems like 'Help For Everything"?

[TheCountOfNowhere]

6 minutes ago, Democorruptcy said:

That was before coronavirus and all the money he is splurging at that. I agree something needs to be done to help businesses hopefully only needed temporary, though it seems heaven for shirkers. I'm glad I'm not doing the rota at work now. Ring 111 for a sick note? Trouble is with this 14 day cover, is that some will do it because they are lazy but then get the virus later. Not clear if you can claim repeatedly.

Clearly they are going to have to print loads to pay for this lot as per thread. 

Free market tories helping business. Hmmmmmm

 

Britain is a cess pit, no one wants to stand on their own 2 or face the outcome of their own planning and decisions. 

 

Thatcher will be angry as hell as she sits in the 1st circle of hell with all tgw bankers

[Hardhat]

1 hour ago, reformed nice guy said:

However, a lot of what is said in this thread is against the system:

buy second hand when you can to avoid VAT, try to avoid living in the most overinflated areas if you can, yellow stickers, grow your own food, repair your own car, maximise pension benefits if older, top up NI by being a carer, dont take a promotion if the stress would be unbearable etc.

And don't forget: make your own pizzas

[kibuc]

Centrica is taking an almighty beating during this downturn. Are you guys aware of any specific reason it gets hit so hard? Or just swept away with the broader energy market?

[Yellow_Reduced_Sticker]

57 minutes ago, confused said:

yes here's a fifty note to wipe your arse but that's your last so piss off now 

^^

Just logged on PISSING myself LAUGHING with some these comments!

 

YOU cannot beat THE GOOD 'OL BRITISH sense of humour!

 

Listening to the new C*** Muppet there going to TAX GAS ...CNA down to 53p ALL-TIME LOW

 

The other C*** Muppet at BOE cut ir AND what happens FTSE goes DOWN !

[DurhamBorn]

3 minutes ago, kibuc said:

Centrica is taking an almighty beating during this downturn. Are you guys aware of any specific reason it gets hit so hard? Or just swept away with the broader energy market?

Probably because they wanted to sell Spirit Energy and the price will of fallen hard if they were to do it.Also nuclear sale hasnt arrived yet,or if at all.

[Democorruptcy]

3 minutes ago, DurhamBorn said:

Probably because they wanted to sell Spirit Energy and the price will of fallen hard if they were to do it.Also nuclear sale hasnt arrived yet,or if at all.

It also drops when oil drops? Less room to overcharge for energy, though I suppose the price cap might limit some of that effect. If it survives it will rise with oil and RDSB?

[Yellow_Reduced_Sticker]

5 hours ago, Democorruptcy said:

DTY is having a mare! I cancelled my £4.95 limit order the other day but had to step today at £4. Interim results are that there weren't enough deaths so -19% on the day.... so far!

https://www.hl.co.uk/shares/shares-search-results/d/dignity-plc-ordinary-shares-12-48143p 

 

This is really ODD, ya think "those in the know" would be PILING into this funeral stock cos of the virus?

 

OR maybe "those in the know" KNOW what the REAL/TRUE is AND that the virus is been blown out of proportion, and for the most part will blow over...

 

BTW, The stock is DOWN -25% right now!

[Don Coglione]

6 minutes ago, Yellow_Reduced_Sticker said:

 

This is really ODD, ya think "those in the know" would be PILING into this funeral stock cos of the virus?

 

OR maybe "those in the know" KNOW what the REAL/TRUE is AND that the virus is been blown out of proportion, and for the most part will blow over...

 

BTW, The stock is DOWN -25% right now!

Having sadly utilised the services of this company recently, I don't think I could be persuaded to invest at any price. Hopeless doesn't begin to describe either their front- or back-office operations. 

Pretty incredible to be able to fuck up, given that they have a guaranteed clientele...

53 minutes ago, kibuc said:

Centrica is taking an almighty beating during this downturn. Are you guys aware of any specific reason it gets hit so hard? Or just swept away with the broader energy market?

Surely a ripe target for take-over at this level? That would hurt me very badly, but if it drops much further, maybe the DOSBODS Investment Collective could have a whip-round and buy the company?!

[headrow]

I think we are at the stage where if a company comes out in the current climate and miss market expectations they are going to get totally crushed. 

 

G4S and Dignity both classic examples today. This next quarter is going to be brutal as most are going to miss that EPS target.

[headrow]

I fancied a packet of crisps earlier but bought a share in Centrica instead.

[TheCountOfNowhere]

Just seen a headline... 30bn for the cv hit econony.

 

Is that right? 

 

And 200 bn to prop up the tories asset prices

Just now, headrow said:

I fancied a packet of crisps earlier but bought a share in Centrica instead.

🤣🤣🤣🤣

[BearyBear]

4 minutes ago, TheCountOfNowhere said:

Just seen a headline... 30bn for the cv hit econony.

 

Is that right? 

 

And 200 bn to prop up the tories asset prices

Yes, that's right.

Prosperity by socialism and debt.

[TheCountOfNowhere]

1 minute ago, Tdog said:

£10bln per death of each elderly person.

This CV really has been marketed by global government for exactly this purpose.

🤣🤣🤣

[Yellow_Reduced_Sticker]

4 hours ago, Democorruptcy said:

No, I haven't had any employment at all since 2003 and have made a living from sports betting/financial investments...

Interesting, Is it in-play glued to the screen? are you successful at sports betting? If ya don't want to answer here shoot me a PM, OR you can tell me:  don't be so nosy me and to p*** off!

[Iamcynical]

15 minutes ago, Yellow_Reduced_Sticker said:

Interesting, Is it in-play glued to the screen? are you successful at sports betting? If ya don't want to answer here shoot me a PM, OR you can tell me:  don't be so nosy me and to p*** off!

Bet on spurs to lose and you can't go far wrong right now 

[DurhamBorn]

2 hours ago, spygirl said:

I do wonder why people arent going for long fixes  - 5 or 10 years.

People are very unlikely to borrow at sub 2% rates.

I imaged to get a 5y fix at something nuts like 1.6% just by fluke.

I was going for 10y then got cold feet, as I was planning on overpaying.

2 years left. Mortgage will be cleared in the year after the fix ends. Interest exposure is minimal - talking ~10k left, which I can pay off.

I find the whole ever increasing mortgage terms absolutely fucking nuts.

People dont seem to grasp how banks make money.

I was chatting to my mum the other day,talking about someone we grew up with.

Lives in London, with a good jobs. Not good enough to make London a sane choice but not a shop job.

Id guess - and I dont know 100% - that her n partner must be pulling in 100k between them.

Anywhere else, that would be a great income. But anywhere else and theyd not earn near that money ....

Anyhow, shes worried about her job - big changes, people being cut. Theyve got a .... drum roll ..... 500k mortgage to live in a small 2 brd  council house well out from the centre.

 

I go - They are absolutely fucked. They are late 40s. That mortgage, even at 0% interest, requires them to pay 25k for 20 years, year in, year out.

My mum goes -Well her partner works ...

 

 

 

 

 

 

 

 

 

I wouldnt of gone for the 10 spy,but after 5 years there are no restrictions at all but still fixed rate for another 5 years.Thats an amazing deal in my book.You have 5 years where you can re-mortgage,or if as i expect interest rates are high pay down capital.Most people are dumb and see the 1.6% two year rates and go for them,ignoring the fee making the APR higher than the 10 year fix,

[DurhamBorn]

43 minutes ago, headrow said:

I think we are at the stage where if a company comes out in the current climate and miss market expectations they are going to get totally crushed. 

 

G4S and Dignity both classic examples today. This next quarter is going to be brutal as most are going to miss that EPS target.

Yep,and the market hits them even when the results are good considering the economy and where we are in the cycle.Dignity has terrible management though,massive debts etc.G4S is probably a decent buy at these levels,but i avoid companies like them because the margins are pretty low and its the worlds 3rd largest private company,half a million staff.

[Iamcynical]

4 minutes ago, DurhamBorn said:

I wouldnt of gone for the 10 spy,but after 5 years there are no restrictions at all but still fixed rate for another 5 years.Thats an amazing deal in my book.You have 5 years where you can re-mortgage,or if as i expect interest rates are high pay down capital.Most people are dumb and see the 1.6% two year rates and go for them,ignoring the fee making the APR higher than the 10 year fix,

Many people are honestly incapable of dividing the fee on a 2 year fix by 24 and adding it to the monthly interest cost.  The whole western economy is based upon people being unable to perform basic arithmetic.

Whilst I have your attention - where do you get the physical silver that you/your sold hold to counter an interest rate rise please ?

[Royston]

They've been itching to get printing and drop IR's for a long time... CV has given them just the excuse they need.

[DurhamBorn]

2 minutes ago, Iamcynical said:

Many people are honestly incapable of dividing the fee on a 2 year fix by 24 and adding it to the monthly interest cost.  The whole western economy is based upon people being unable to perform basic arithmetic.

Whilst I have your attention - where do you get the physical silver that you/your sold hold to counter an interest rate rise please ?

Coininvest for the state collapse bit  and bullion vault for the main bit ,hes got about £20k in silver.Mortgage £105k,Hes 22 shes 23.If silver is much higher in 5 years they will sell it and pay it off the mortgage.

[Yellow_Reduced_Sticker]

some much for the IR Cut ....FTSE is collasping ...DOWN now - 90 points!

[nirvana]

Apparently last overnight repo market was $133billion that's the biggest ever in history.....the DOW isn't impressed......

I don't understand what's going on with these 'instruments of mass destruction' aka derivatives.....anyone???

I've also got an urge to try and convince @Tdog that covid is a real and current danger 

[TheCountOfNowhere]

Persimmon share price down so that's cheered me up

Ill wagwr thw ftse has a big fall tomorrow sold natuonal grid tpday, only thing that was in profit 😭