Credit deflation and the reflation cycle to come (part 3)

[BadAlchemy]

39 minutes ago, Gin said:

 

Mr Hunter says gold to $2500 by two quarters from now. He's giving out timings again... will he ever learn? Anyway, let's see how that goes. I just stuck another grand on Harmony Gold. Now watch it tank!

[Kilham]

2 hours ago, Democorruptcy said:

Sorry to have to tell you but you are much closer to panicking last than panicking first.

It's not like the BoE don't have previous. As I've pointed out before we had RPI at 5.7% and CPI at 5.2% in 2011 and the base rate never shifted from 0.5%

Never underestimate the power of the BoE's X-ray vision. They have the ability to 'look through' just about anything.

[Harley]

2 hours ago, JMD said:

But surely it's not a vote winner to replace 'Brexit-Boris' so very early? So why not just let him soak up more and more political flak, it kinda suits him in any case! Personally I don't really see the need with Sir-K of the Knee on the oppossing benches. In time Rishy-Washy Sunak might become a 'good look' for the conservatives to wear come polling day... especially as all other contenders seem to have lost their political mojo, though I do keep my eye on Kwasi Kwarteng.

Maybe he wants out.

[Harley]

2 hours ago, feed said:

Gates channeling DB ?

https://www.teletrader.com/gates-not-all-oil-giants-will-make-the-transition/news/details/56668271?internal=1

Bill Gates doesn't think all of today's oil giants will retain their relevance in the future but believes those that persevere can utilize their skillsets to speed up the transition to clean energy, Axios reported on Thursday.

According to Gates, "a few of the big guys" will make the transition, while some of the companies will "be worth very little" in the next 30 years. He also emphasized that fossil fuel companies can lead said transition by diversifying into renewables, and commercially scaling new technologies.

"I hope a few of the big companies make it. We're certainly open-minded. The whole idea of cutting off investment in the old as a tactic, as opposed to investing in the new, I just don't get that," Gates said.

Musk, that Twitter bloke, and now Gates.  These people are amazing!

[Harley]

3 hours ago, Froggy2000 said:

https://www.ftadviser.com/pensions/2021/11/04/govt-closes-pension-age-protection-window-without-prior-notice/

Remember the consultation paper that discussed moving the minimum pension age to 57 for SIPPs but grandfathering in old schemes to 55?

That door has now shut.

Sounds a bit like how they behaved over covid!  As I was saying....

[DurhamBorn]

39 minutes ago, Harley said:

Sounds a bit like how they behaved over covid!  As I was saying....

I just escape it as i can access in 26,but its just another shocking move from the criminals in charge.The industry cheer them on of course because the longer the money cant be drawn down the more they can collect fees,and of course now the added edge where funds needs to be carbon neutral etc.They are killing off the use of pensions with little moves all the time from access age to  lifetime allowance.

 

[ThoughtCriminal]

4 hours ago, HousePriceMania said:

A Forex bloke I chat to on twitter pointed me to:

https://www.interactivebrokers.co.uk

You can have a margin account which you can use to become rich...or bankrupt yourself.

Any bet what you can afford to lose, but given what the BoE are about you're going to lose it all 

4 hours ago, HousePriceMania said:

 

[ThoughtCriminal]

4 hours ago, HousePriceMania said:

A Forex bloke I chat to on twitter pointed me to:

https://www.interactivebrokers.co.uk

You can have a margin account which you can use to become rich...or bankrupt yourself.

Any bet what you can afford to lose, but given what the BoE are about you're going to lose it all anyway.

 

Do you just want to DM me your address now? 

 

It'll save me hunting you down when i lose every penny shorting Tesla. 😂

[HousePriceMania]

1 minute ago, ThoughtCriminal said:

Do you just want to DM me your address now? 

 

It'll save me hunting you down when i lose every penny shorting Tesla. 😂

The Forex Bloke just told me not to touch tesla with a barge pole...I'll take his advice, he's a rich man.

[Don Coglione]

4 minutes ago, ThoughtCriminal said:

Do you just want to DM me your address now? 

 

It'll save me hunting you down when i lose every penny shorting Tesla. 😂

I already have that badge...

[ThoughtCriminal]

Just now, HousePriceMania said:

The Forex Bloke just told me not to touch tesla with a barge pole...I'll take his advice, he's a rich man.

Its so fecking tempting though. 

 

It just sits there taunting you like a big beautiful mass of steaming bullshit.  "You want a piece of this?" it says. 

[Don Coglione]

Just now, ThoughtCriminal said:

Its so fecking tempting though. 

 

It just sits there taunting you like a big beautiful mass of steaming bullshit.  "You want a piece of this?" it says. 

I thought that 5 figures ago...

[ThoughtCriminal]

20 minutes ago, Don Coglione said:

I thought that 5 figures ago...

I want to be that tramp in the park in 20 years time who stinks of piss and vodka and screams at little kids "I stood to make millions shorting Tesla. I wasnt wrong, i was just 6 months early!" 

 

Then one kid shouts back "IT'S THE SAME THING YOU FUCKING IDIOT!!!" 

[HousePriceMania]

25 minutes ago, ThoughtCriminal said:

Its so fecking tempting though. 

 

It just sits there taunting you like a big beautiful mass of steaming bullshit.  "You want a piece of this?" it says. 

Someone with balls of steel will make a fortune shorting it, just not me

[Barnsey]

Stroppy teens all over the city, hilarious 

 

[Noallegiance]

2 minutes ago, Barnsey said:

Stroppy teens all over the city, hilarious 

 

'Now' there's a credibility question?!

[Loki]

3 minutes ago, Barnsey said:

Stroppy teens all over the city, hilarious 

 

 

Babies can't handle being B O G G E D

[Harley]

2 minutes ago, Noallegiance said:

'Now' there's a credibility question?!

Well, I guess they lost money.  That's not meant to happen!

[supernaut]

Can they really be that thick, clearly you can bullshit a bullshitter.

[Animal Spirits]

2 hours ago, Harley said:

Maybe he wants out.

That would seem likely. I'd suggest it was about prestige and then Covid came along...

Doesn't come across with conviction but he's only had Sir Kneel as competition and I suppose he hasn't shown himself to embrace wokeism directly. David Cameron more or less labelled him an opportunist, they obviously know each other well:

[Barnsey]

Many of the cry babies today seem to have forgotten that we have stubbornly high above pre-covid personal savings, higher rates only exacerbates this, and we all know the BoE doesn't want this.

[Hancock]

15 minutes ago, Barnsey said:

Many of the cry babies today seem to have forgotten that we have stubbornly high above pre-covid personal savings, higher rates only exacerbates this, and we all know the BoE doesn't want this.

Stick rates up a few percent see house prices crash, then people will empty their accounts to buy somewhere to live and furnish it ... they might even borrow money in addition to spending their savings ... and as its a place to live the borrowings will be at a level they can pay back.

Be boom time all over again! 

[Loki]

5 minutes ago, Hancock said:

Stick rates up 

BoE, colourised ~2021.

[MrXxxx]

On 03/11/2021 at 13:52, Bricormortis said:

 

I.m guessing thats what they thought in Venesuala, the more the currency went down, the more the stock value in Bolivars rose....until...........The most nuts stock market chart I have ever seen

That's not 'Catching a falling knife', that's catching the whole bloody cutlery set!

[Democorruptcy]

52 minutes ago, Barnsey said:

Many of the cry babies today seem to have forgotten that we have stubbornly high above pre-covid personal savings, higher rates only exacerbates this, and we all know the BoE doesn't want this.

Aren't we in a housing boom? That must increase savings overall? Anybody downsizing finishes up with extra savings as do people who own more than one property and perhaps selling the holiday home. FTB's have to save more for a deposit.