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

[HousePriceMania]

20 minutes ago, RJT1979 said:

Boris resigned. Fx

I see his new chancellor told him to go too.  What did he see after being made chancer-lor

[Democorruptcy]

6 minutes ago, HousePriceMania said:

I see his new chancellor told him to go too.  What did he see after being made chancer-lor

An opportunity to stuff his pockets as quickly as possible, in case the next PM (if it's not him) wants a new chief thief.

[Underwhelmed]

31 minutes ago, RJT1979 said:

Boris resigned. Fx

but he'll stay on as PM until the Autumn until the new WEF appointee is installed, will he still go ahead with his big so called economic reset speech?

[DurhamBorn]

4 minutes ago, HousePriceMania said:

I see his new chancellor told him to go too.  What did he see after being made chancer-lor

Nothing he didnt already know.He took the job so he could steady the ship then do two things.Tell Boris to resign,it was over.If Boris didnt listen,finish him.Boris has wasted a huge election win.Medicine could of been served,but instead it wasnt.Boris read the cycle wrong,so did his advisors,and the politics always without question follow the macro.

The chancellor,if he understands where we are broadly will cancel the corporation tax increase,or at least much less than up from 19% to 25% and put tax allowance back to inflation linked.

I know everyone will say about his housing blah blah and other troughing,but at least it looks like change is coming.This dials back on systemic risk.

One day events mean nothing,thats just people watching tv thinking they are the only ones seeing it first.Investing suicide.

[ste]

is there anything left to tax?

 

 

[Barnsey]

6 minutes ago, Underwhelmed said:

but he'll stay on as PM until the Autumn until the new WEF appointee is installed, will he still go ahead with his big so called economic reset speech?

 

[ThoughtCriminal]

I'd be amazed absolutely if Johnson will go along with reversing course on his economic policy.

 

His authority is now restored until he leaves in October. Nothing to lose so he'll do as he pleases.

[stoobs]

Can they still have a vote of no confidence to kick him out more quickly?

[Joncrete Cungle]

18 minutes ago, ste said:

is there anything left to tax?

 

 

Bennies Pensions?

[belfastchild]

27 minutes ago, Democorruptcy said:

Their 2% is a 2 year fixed, bit early for that?

 

Sorry, ballsed that up, was the virgin one I looked at after santander, 2.06 for a year, penalties for withdrawals. Planned to make a withdrawal and then move the rest.

[Democorruptcy]

24 minutes ago, ste said:

is there anything left to tax?

 

 

Electric car batteries? The production process isn't very green?

[Pip321]

Whats happened to Rio....it appears to have got an erection and jumped 5% in a few minutes 

Edit: viagra has worn off now…only lasted a few minutes. It up…just not quite as hard 😆😆

[Democorruptcy]

14 minutes ago, belfastchild said:

Sorry, ballsed that up, was the virgin one I looked at after santander, 2.06 for a year, penalties for withdrawals. Planned to make a withdrawal and then move the rest.

It looks to be the best 1yr fix, though I was rather hoping those fine people at the BoE might raise rates for you.

 

[sleepwello'nights]

1 hour ago, belfastchild said:

 

In the words of Han Solo 'Ive got a bad feeling about this'. Ive bought more sovs this week.

Gold has fallen dramatically in price in July. Any idea why.

[belfastchild]

1 minute ago, sleepwello'nights said:

Gold has fallen dramatically in price in July. Any idea why.

No clue, miners fell of a cliff after I bought them, although I did fund them selling some shit cdi thing I bought by mistake on Yamana who were up about 40%.

I still paid 10% more for 10 sovs than Ive ever paid before. Will probably go for another 10 in the next month or so as Im light PMs and want to get to a certain allocation in them then fucking just blow the rest!

[HousePriceMania]

1 hour ago, Democorruptcy said:

I was just reading that Santander have whacked their saving rates up a lot in comparison to other high street banks. Is something brewing....?

https://www.thisismoney.co.uk/money/saving/article-10980341/Best-savings-rates-Santander-boosts-rates-big-banks-follow.html

 

They were all funded by term funding.  This is to be expected as that free money dries up.

Mortgage rates will rise too.

If they bring back term funding it's game over

[M S E Refugee]

10 minutes ago, sleepwello'nights said:

Gold has fallen dramatically in price in July. Any idea why.

I'm sure Francis Hunt called $1740 a few months ago, hopefully he will post an update soon.

He is very bullish long term.

[stoobs]

In GBP, gold has been in a fairly tight range for 4 months.

I've been buying a few grammes per day on Bullion Vault and the price has been roughly £47k-£49k per kilo during this period.

[HousePriceMania]

Everything is collapsing apart from house prices. 

[HousePriceMania]

 

 

[Plan-b]

8 minutes ago, HousePriceMania said:

Everything is collapsing apart from house prices. 

And our glorious currency

 

[Majorpain]

3 hours ago, Lightscribe said:

 

I think that's the cue for Yellow alert, still not bad enough yet for Red alert (or Brown alert for this cycle).  Few more months.

Got 40kg of basmati for £20 just in case, couple of months food is going to be key with energy/fertiliser prices that are going to make winter interesting.

[Democorruptcy]

Boris made the mistake of trying to win the next election every week. If any policy looked unpopular on social media, he u-turned on it, as if it was going to cost him votes. He had an 80 seat majority and played it like he barely scraped in. He should have only thought about the next election a year before it. He should have let the lefties on social media suck it up if they didn't like a policy because by the time of the next election, it may have been proved to be right. Instead of ruling himself, he let social media govern us.

[Bus Stop Boxer]

1 hour ago, M S E Refugee said:

I'm sure Francis Hunt called $1740 a few months ago, hopefully he will post an update soon.

He is very bullish long term.

Hes a little bit country, a little bit rock n roll that fella.

I heard his Delingpod interview the other day. He sounded like he was days away from digging his own trench outside his house.

[Plan-b]

20 minutes ago, Democorruptcy said:

Boris made the mistake of trying to win the next election every week. If any policy looked unpopular on social media, he u-turned on it, as if it was going to cost him votes. He had an 80 seat majority and played it like he barely scraped in. He should have only thought about the next election a year before it. He should have let the lefties on social media suck it up if they didn't like a policy because by the time of the next election, it may have been proved to be right. Instead of ruling himself, he let social media govern us.

Or he could have got somewhere near his election manifesto and followed through on a few of those promises, most tory voters would have found that popular.

Instead he chose to be a worse than a typical politician and do the opposite of what was promised and lie about everything.