Credit deflation and the reflation cycle to come (part 9)

[MrXxxx]

46 minutes ago, Yellow_Reduced_Sticker said:

ffs its 1.47 this morning!

theres us TIGHTWADS thinking we can slip in and pick some up at 10% discout to DB recent buying price lol!

ah well,i'm off to carry on with my gardning wearing my tall hat with a capital D on it!

btw, rumour has it @MrXxxx has recently bought Superdry

Cheeky bugger!...prices do the opposite when I buy...just call me Mr 'Buffet' Xxxx.

[sancho panza]

49 minutes ago, DurhamBorn said:

Iv come to the full conclusion that what is driving the collapse of the west is the inflation protecting of the polos,elites and the whole government set up.They lose nothing (until the end,then they lose everything) from their hubris but gain.UK car production fell 27% mostly due to lunatic net zero policy,yet that will not make any difference to those civil servants or their handlers.They will be glad of less traffic.The amount of theft is incredible.Or in macro terms saved labour transfers.Its not current labour/work taxation anymore,thats past its limit and cannot fund anywhere near the costs.They are taking savings through huge financial repression,and i think we will see them change to "an average inflation target" so they can keep real rates negative.

Still we will keep fighting,we are at war ,but at least we know their battle plans.

 

you've madea  series of compelling arguments to support that thesis DB.I'm a watcher here and much as the posts themselves inform,so does the frequecny and tone in which they are made.

if we went back to early 22 and 2021,there was little talk of coallpse but as policy arror has compounded policy error,I've noticed the SME's in their fields get collectively more gloomy about the outcome.

the west is headed directionally inot a seismic crash and is possibly about to reach a velocity where it cant pull back from the impact.

I saw an old buddy the other night.he was bemoaning the state of Brimingham(he grew up in a serious sh1thole bit of it and it's got even worse with the enrichment thats followed).bags of rubbish and rats all over.he was also telling me about his mate's kid who has blagged an English degree without any GCSE's( don't ask).He was incredulous that a Uni wouldnt carry out some basci checks but the kid got £50k in loans he wont be paying back.

insto decay if ever I heard it @ThoughtCriminal

reading that psot above about real rates staying negative jsut made me think I might actually hang onto some of our goldies.

intetresting to newmont getting bid heavily last night.we're now nearly in the green on that.is that the insto money arriving?

 

[SpectrumFX]

17 minutes ago, sancho panza said:

Coventry Uni is a classic case.Used to have loads of factories in and around the inner ring.Now it's virtually all Uni accomodation and new buildings.

It was all based on ever rising student numbers and income.First sign of a downturn in UK taxpayers willingness to fund the ponzi and some of them will go pop.

Here's some data from Cumbria,a marginal player-TLDR -key take home doemstic student numbers dropping& costs rising particualrly where the Uni has inflation linked contracts in place..... which is all confirming the direction of travel as Spectrum outlined.

Quite if/when it bites,who  knows..?

https://www.cumbria.ac.uk/media/Annual-Report--Financial-Statements-2022_23-FINAL.pdf

Page 11-Income
The University’s income has increased by 24% across the last five years, with overall income
growth this year of £3.3m (4.7%) compared to 2021/22

While apprenticeship delivery has continued to expand, and international student
recruitment grew, full-time home student intakes in 2022/23 were lower than the prior two
years.

Expenditure
The University’s costs rose significantly in 2022/23, with the key increase seen within
operational staff costs, which increased by £3.9m (9%) and operational non-staff
expenditure, which saw a £1.2m (6%) rise. After a period of historically low inflation,
2022/23 saw pressure on the cost base

Aside from staffing, most areas of the University saw rises in operational costs. This was
particularly acute in Estates and IT where many contracts rose by inflation linked escalators
and utility costs increased at a steeper rate, with, for example, electricity outlays increasing
by 36% to £0.9m.

@spygirl has had some excellent rants on the issue ,suggesting they link Unis to their students employability at the end iirc.

QUite how they get to rinse taxpayers for £50k (bills in) for a histroy degree I'll never know.but what I do know is that it isnt sustainable.

worked the otehr night with a girl who's got £80k of debt for paramedic degree......earning £27k ffs.....

 

it was shocking the way we let ourselves be led into lockdowns by a Prof of Physics.I can give out more durgs thna him ffs.

at the same time we ingored world renowned Profs of Medicine saying it would have the fatality rate of flu.

when the dust settles and all the egos that led us into lockdown have left politics,they will study the psychology of it for centuries.

it goes to show that some things eg mass psychosis are eternal and the risk of them never fades no matter how much we educate ourselves.

One of the high points for me of the old site was being pointed to Extraordinary Popular Delusions and the Madness of Crowds after it was discussed there. The whole covid debacle reads like a modern chapter to the book.

https://en.m.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

https://www.gutenberg.org/files/24518/24518-h/24518-h.htm

In reading the history of nations, we find that, like individuals, they have their whims and their peculiarities; their seasons of excitement and recklessness, when they care not what they do. We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.

 

[DurhamBorn]

24 minutes ago, headrow said:

Superdry was toast when middle aged people starting wearing their gear

Their older lumberjack type shirts are fantastic,really good quality and great for autumn/winter etc,i pick hardly warn ones up on Ebay for a tenner,but their newer stuff the quality and fit is not there and the styles are horrible.

M&S is easily the best menswear at the moment for the money for 30+ men.If you join their Sparks they add offers to your online account all the time.Iv just used a 20% off one on knitwear for a load of knitted polos.With the reduction i got these for £32 and they are amazing quality for the money.They look and feel like £200 polos.

https://www.marksandspencer.com/pure-extra-fine-merino-wool-knitted-polo-shirt/p/clp60624896?color=NAVY&prevPage=srp#intid=pid_pg2pip48g4r9c4

Same with these silk polos,£32 with reduction look and feel beautiful and could pass for £200 similar Italian ones.

https://www.marksandspencer.com/silk-cotton-knitted-polo-shirt/p/clp60648858?color=IVORY&prevPage=srp#intid=pid_pg1pip48g4r1c1

For everyday summer wear these ones are some of the best polos iv ever bought ,£22 with the 20% reduction.The fit and everything is perfect.£22 is incredible value.

https://www.marksandspencer.com/cotton-rich-textured-knitted-polo-shirt/p/clp60638596?color=DARKNAVY&prevPage=srp#intid=pid_pg1pip48g4r2c4

Chinos,iv got them from top labels,yet these ultimate ones from M&S are better than them all.Ok slightly lower quality material,but nobody would notice that and the fit etc on these is superb,with the 20% reduction they send, £32.Incredible value.

https://www.marksandspencer.com/regular-fit-organic-cotton-ultimate-chinos/p/clp60534857?color=DARKNAVY&prevPage=srp#intid=pid_pg1pip40g4r1c1

 

Leather sneakers? ,again iv got some beautiful Italian ones,but they are a fortune,these from M&S are incredible value,really lovely quality.The white and blue pretty much cover you for everything.They tend to send 15% discounts in the Sparks account on shoes so £51 for these,a steal

https://www.marksandspencer.com/leather-lace-up-trainers/p/clp60580812?color=WHITE&prevPage=srp#intid=pid_pg1pip18g4r1c2|prodflag_New

 

Jackets?

This one is the dogs bollocks.Looks beautiful on, £58 with the reductions,again looks like its a £300+ jacket.

https://www.marksandspencer.com/faux-suede-harrington-jacket/p/clp60641571?color=BLACK&prevPage=srp#intid=pid_pg1pip48g4r1c4

This one is also superb,simple white t under its damp gussets every female within 20 yards,

https://www.marksandspencer.com/harrington-jacket-with-stormwear/p/clp60641584?color=BLACK&prevPage=srp#intid=pid_pg1pip48g4r2c1

 

Dont walk walk down Soi 6 in one of those merino zipped polos though, you will be torn apart 

 

Your all welcome.

 

[sancho panza]

1 hour ago, DurhamBorn said:

Iv come to the full conclusion that what is driving the collapse of the west is the inflation protecting of the polos,elites and the whole government set up.They lose nothing (until the end,then they lose everything) from their hubris but gain.UK car production fell 27% mostly due to lunatic net zero policy,yet that will not make any difference to those civil servants or their handlers.They are taking savings through huge financial repression,and i think we will see them change to "an average inflation target" so they can keep real rates negative.

Still we will keep fighting,we are at war ,but at least we know their battle plans.

 

sorry to double tap this psot but jsut read theis graf article echoing various points you've made about teh FTSE and foreign companies buying ehre on the cheap.

if shell leaves due to the net zero preening of our elites then the UK could be in for a sesimic shock longer term as we've lived off the service economy and forgotten how to make things

 

this article is almost like it's been written by your good self

https://uk.news.yahoo.com/even-miners-getting-picked-off-050000849.html

When even the miners are getting picked off, you know the FTSE’s in trouble

The death knell has just sounded for Britain’s public markets.

The hollowing out of the UK stock market is far from a new phenomenon and the causes of it are by now painfully well-trodden. This country’s utterly naive “help yourself” approach to foreign takeovers is a massive part of the problem. It means it is forever open season for opportunistic predators looking for an easy bargain.

Empire builders are further encouraged by the supine nature of so many boards, content to shrug, then roll over, the moment a bidder comes knocking with the requisite mediocre bid premium.

 

Meanwhile, too few UK executives possess the ambition and courage to get on the front foot and go hunting for their own targets.

Amid a seemingly relentless flow of one-way deal traffic, the number of listed companies has been shrinking at an alarming rate.

The exception has been the FTSE 100. By virtue of size, the blue-chip index has remained largely off-limits, and as long as that continued there was some hope that London could cling onto its position as one of the premier stock markets.

A blockbuster £31bn takeover bid for mining giant Anglo American from larger Aussie rival BHP Billiton – itself a refugee of the capital – could be fatal to the London Stock Exchange’s (LSE) prospects. As a bona fide member of the top quartile of Britain’s biggest companies, the disappearance of Anglo into the arms of an overseas competitor would raise the “for sale” sign over the vast majority of corporate Britain.

It would only take a few high profile exits and London could quickly be doomed to the status of a backwater from which it would be desperately hard to recover – if not impossible.

The air of decay that hangs over the City might be less pungent if the exodus of companies was in some way being countered by a queue of debutantes in the other direction but sadly that just isn’t the case.

Mergers and acquisitions investment bankers are busy, so too their counterparts operating in the revived debt markets, but the pipeline for new share listings in the UK is so dire, and expected to remain so for some time, that those in equities would do well to take a sabbatical or perhaps even consider a career change.

London has attracted just 2pc of total float volumes in Europe since this year, with Zurich and Frankfurt far busier, the latest data shows. The Square Mile’s relegation is being blamed on Britain’s lacklustre economy and a perception that better valuations can be achieved on other stock markets around the world.

 

[Mandalorian]

1 hour ago, DurhamBorn said:

10.5% outperformance of the mystical S&P 500 since @Mandalorian refused my bet.I knew i should of said a week instead of 3 years   .

There is chatter BT might cut the divi to speed up fiber rollout as VOD has given them the cover.The shares would likely be hit if they did,the flip side is if they dont (they have no reason to on the balance sheet) and they move to offering mid term guidance instead of short term they should move higher.I think they are worth £2.50,but how and when we ge there i dont know.Labour government is also a worry.

Give it time.  In the long term, the market is a weighing machine rather than a voting machine.  As someone once said.

 

I don't make predictions about shares but I do for politics.  As for a Labour government.  That is a worry. 

I do think this year's ISA allowance is the last one we'll get.  At least at the £20k level.  I expect scrapping it or reducing it to nothing over the next parliament.

[Long time lurking]

This could go in so many threads 

 

https://finance.yahoo.com/news/trump-advisers-discuss-penalties-nations-213042538.html?guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAANBcVHzJkk0UB2R-tkjWQc-yxjqbIs0uEOawhiQyI1RJxLM7BrkCaBYpYWZZjh_K4hXiBVm65s1tu-atYb3DLxLvmgCtO9V6HosMlJpcfATZ88eijsiw7YJG3c0H9EPt1_g-WttiM2rH1NMp0w2RBt5NCfPd1lq43evgqXB9bPqj

 

[DurhamBorn]

3 minutes ago, sancho panza said:

sorry to double tap this psot but jsut read theis graf article echoing various points you've made about teh FTSE and foreign companies buying ehre on the cheap.

if shell leaves due to the net zero preening of our elites then the UK could be in for a sesimic shock longer term as we've lived off the service economy and forgotten how to make things

 

this article is almost like it's been written by your good self

https://uk.news.yahoo.com/even-miners-getting-picked-off-050000849.html

When even the miners are getting picked off, you know the FTSE’s in trouble

The death knell has just sounded for Britain’s public markets.

The hollowing out of the UK stock market is far from a new phenomenon and the causes of it are by now painfully well-trodden. This country’s utterly naive “help yourself” approach to foreign takeovers is a massive part of the problem. It means it is forever open season for opportunistic predators looking for an easy bargain.

Empire builders are further encouraged by the supine nature of so many boards, content to shrug, then roll over, the moment a bidder comes knocking with the requisite mediocre bid premium.

 

Meanwhile, too few UK executives possess the ambition and courage to get on the front foot and go hunting for their own targets.

Amid a seemingly relentless flow of one-way deal traffic, the number of listed companies has been shrinking at an alarming rate.

The exception has been the FTSE 100. By virtue of size, the blue-chip index has remained largely off-limits, and as long as that continued there was some hope that London could cling onto its position as one of the premier stock markets.

A blockbuster £31bn takeover bid for mining giant Anglo American from larger Aussie rival BHP Billiton – itself a refugee of the capital – could be fatal to the London Stock Exchange’s (LSE) prospects. As a bona fide member of the top quartile of Britain’s biggest companies, the disappearance of Anglo into the arms of an overseas competitor would raise the “for sale” sign over the vast majority of corporate Britain.

It would only take a few high profile exits and London could quickly be doomed to the status of a backwater from which it would be desperately hard to recover – if not impossible.

The air of decay that hangs over the City might be less pungent if the exodus of companies was in some way being countered by a queue of debutantes in the other direction but sadly that just isn’t the case.

Mergers and acquisitions investment bankers are busy, so too their counterparts operating in the revived debt markets, but the pipeline for new share listings in the UK is so dire, and expected to remain so for some time, that those in equities would do well to take a sabbatical or perhaps even consider a career change.

London has attracted just 2pc of total float volumes in Europe since this year, with Zurich and Frankfurt far busier, the latest data shows. The Square Mile’s relegation is being blamed on Britain’s lacklustre economy and a perception that better valuations can be achieved on other stock markets around the world.

 

My skill,what i really do,is the cross market work.If we were a company,lots of people on this thread would easily do the data,the numbers.Its the cross market work of those numbers though.Nobody yet,or maybe ever will see or say its bennies causing the death of the UK market but it is.Its bennies.Because government forced pensions out of UK equity,into gilts to fund bennies.Its that simple.Thats where my roadmap went,thats where it stopped.Now they are in the process of monetising those gilts,so stealing those savings.BHP gets a crack at Anglo and all its future cashflow because the government gave Abdul and his 3 wives bennies.Everything between those facts do not matter.That is the cause.

I joke on this thread because i enjoy life,and i get up to win every day,im competitive,but what i see in my work scares me for my childen,my country,all of you,and every decent ordinary person.We were in the best macro position iv ever seen when Blair and Brown got in,we are now in the worst iv ever seen.

[Loki]

20 minutes ago, SpectrumFX said:

One of the high points for me of the old site was being pointed to Extraordinary Popular Delusions and the Madness of Crowds after it was discussed there. The whole covid debacle reads like a modern chapter to the book.

https://en.m.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

https://www.gutenberg.org/files/24518/24518-h/24518-h.htm

In reading the history of nations, we find that, like individuals, they have their whims and their peculiarities; their seasons of excitement and recklessness, when they care not what they do. We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.

 

[Mandalorian]

3 hours ago, Jay said:

the uk state is coming for your assets in one form or another..way worse..be aware, be planned and be lucky..quite sad I as still believe in the integrity of the uk state institutions..

 

They'll do it in a different, more subtle, way in the UK.

They will just tax your assets rather than steal them.  Same outcome though.

 

It's like corruption. 

In Africa, a large bag of cash is handed over and you get what you were asking for.

Here, you employ someone's wife in a non-job for a fat salary and then you get what you want or the leader of the council arranges a 'loan' for your business.

[DurhamBorn]

6 minutes ago, Mandalorian said:

Give it time.  In the long term, the market is a weighing machine rather than a voting machine.  As someone once said.

 

I don't make predictions about shares but I do for politics.  As for a Labour government.  That is a worry. 

I do think this year's ISA allowance is the last one we'll get.  At least at the £20k level.  I expect scrapping it or reducing it to nothing over the next parliament.

Im only ribbing you ,your points are very valid for most people,but il never ever get out of bed and want to be most people,win or lose.This thread is about trying to be better.I think on the ISA allowance they will likely cap it like pensions.£200k or something.Taking everyones capital is all they have left.The noose is tightening,even on us.

[Mandalorian]

2 hours ago, dnb24 said:

Biggest lesson I learnt from covid- the supposedly top brains in the working world- banking/medicine/education all went mental and could not think of how current actions after future outcomes. 

Too many 'intelligent' people are first order thinkers.

The second leap in the logic chain is beyond them.  They're crap chess players.

[Mandalorian]

46 minutes ago, RupertT said:

I see alphabet/Google announced it's first ever divi yesterday.  I assume Mandalorian will be dumping them now that they clearly have nothing better to do with the cash. 

I do nothing.  If it falls out of the S&P then the market does the trading for me.

I'm not against dividends per se.  I just understand what they are and realise they are an inconvenience - especially on shares held outside a tax shelter.

[Mandalorian]

27 minutes ago, DurhamBorn said:

Their older lumberjack type shirts are fantastic,really good quality and great for autumn/winter etc,i pick hardly warn ones up on Ebay for a tenner,but their newer stuff the quality and fit is not there and the styles are horrible.

M&S is easily the best menswear at the moment for the money for 30+ men.If you join their Sparks they add offers to your online account all the time.Iv just used a 20% off one on knitwear for a load of knitted polos.With the reduction i got these for £32 and they are amazing quality for the money.They look and feel like £200 polos.

https://www.marksandspencer.com/pure-extra-fine-merino-wool-knitted-polo-shirt/p/clp60624896?color=NAVY&prevPage=srp#intid=pid_pg2pip48g4r9c4

Same with these silk polos,£32 with reduction look and feel beautiful and could pass for £200 similar Italian ones.

https://www.marksandspencer.com/silk-cotton-knitted-polo-shirt/p/clp60648858?color=IVORY&prevPage=srp#intid=pid_pg1pip48g4r1c1

For everyday summer wear these ones are some of the best polos iv ever bought ,£22 with the 20% reduction.The fit and everything is perfect.£22 is incredible value.

https://www.marksandspencer.com/cotton-rich-textured-knitted-polo-shirt/p/clp60638596?color=DARKNAVY&prevPage=srp#intid=pid_pg1pip48g4r2c4

Chinos,iv got them from top labels,yet these ultimate ones from M&S are better than them all.Ok slightly lower quality material,but nobody would notice that and the fit etc on these is superb,with the 20% reduction they send, £32.Incredible value.

https://www.marksandspencer.com/regular-fit-organic-cotton-ultimate-chinos/p/clp60534857?color=DARKNAVY&prevPage=srp#intid=pid_pg1pip40g4r1c1

 

Leather sneakers? ,again iv got some beautiful Italian ones,but they are a fortune,these from M&S are incredible value,really lovely quality.The white and blue pretty much cover you for everything.They tend to send 15% discounts in the Sparks account on shoes so £51 for these,a steal

https://www.marksandspencer.com/leather-lace-up-trainers/p/clp60580812?color=WHITE&prevPage=srp#intid=pid_pg1pip18g4r1c2|prodflag_New

 

Jackets?

This one is the dogs bollocks.Looks beautiful on, £58 with the reductions,again looks like its a £300+ jacket.

https://www.marksandspencer.com/faux-suede-harrington-jacket/p/clp60641571?color=BLACK&prevPage=srp#intid=pid_pg1pip48g4r1c4

This one is also superb,simple white t under its damp gussets every female within 20 yards,

https://www.marksandspencer.com/harrington-jacket-with-stormwear/p/clp60641584?color=BLACK&prevPage=srp#intid=pid_pg1pip48g4r2c1

 

Dont walk walk down Soi 6 in one of those merino zipped polos though, you will be torn apart 

 

Your all welcome.

 

That was a party political broadcast on behalf of the M&S party.

You been buying M&S shares now?

[Axeman123]

39 minutes ago, sancho panza said:

it was shocking the way we let ourselves be led into lockdowns by a Prof of Physics.I can give out more durgs thna him ffs.

at the same time we ingored world renowned Profs of Medicine saying it would have the fatality rate of flu.

when the dust settles and all the egos that led us into lockdown have left politics,they will study the psychology of it for centuries.

it goes to show that some things eg mass psychosis are eternal and the risk of them never fades no matter how much we educate ourselves.

IMO it is Midwits all the way down. Once lockdowns became the dominant ideology it became a contest to see who could double-down on the idea to the greatest extent, and any dissenter was purged as an "-ist" as the Midwits all instinctively banded together against the common mortal enemy of an actual intelligent mind. The reason lessons will never be learned from this IMO is that the real lesson is that midwits are only well suited to mid-level management and below, since they are well suited to implementation but totally unsuitable for strategy, however that would mean purging them from all the high level jobs they have colonised by driving out intellectual threats.

The worship of Prof Lockdowns models etc was pure credentialism, the hallmark of a midwit. The disregarding of more credentialled opinions happened once a dominant ideology of lockdowns had taken hold, as the midwit mind doesn't cope well with changes of direction.

2 hours ago, Alifelessbinary said:

What’s shocking in the pie chart is how little assets sit with the US on both sides. As ever they’ve instigated a strategy which has massive impact on the vassal states, while they have limited skin in the game. Where they may have miscalculated is the destruction of trust in the dollar moving forward. While Russia will continue as a commodities super power the rest of the economy will be blighted.

It’s surprising how many Russian assets sit in Cyprus. I imagine these belong to Russian nationals who have benefited from the Cypriot golden visa programme, so they are really just repatriating them back to Russia.

I think a certain US faction has played an absolute strategic blinder here, from a first order midwit perspective. The damage to vassals is actually greater than to Russia, so I assume they are the real target. The US will likely withdraw to the Americas within 20 years, and it is salting the earth in the territories it is leaving behind. A Poland-dominated EU with militarised and antagonistic Baltic states as the contact line with Russia will find it impossible to cooperate with Russia, and likely force the breakup of the EU if not a civil war there.

The destruction of the dollar can only end in vastly lower living standards for Americans, but much like QE this will take years to manifest and in the meantime the midwits in charge can slap each other on the back thinking they are clever.

I assume many Russians thought the EU had some degree of independence, or perhaps some degree of dependence of Russian NG, which would make those assets safer than in the US itself.

 

[Mandalorian]

14 minutes ago, DurhamBorn said:

My skill,what i really do,is the cross market work.If we were a company,lots of people on this thread would easily do the data,the numbers.Its the cross market work of those numbers though.Nobody yet,or maybe ever will see or say its bennies causing the death of the UK market but it is.Its bennies.Because government forced pensions out of UK equity,into gilts to fund bennies.Its that simple.Thats where my roadmap went,thats where it stopped.Now they are in the process of monetising those gilts,so stealing those savings.BHP gets a crack at Anglo and all its future cashflow because the government gave Abdul and his 3 wives bennies.Everything between those facts do not matter.That is the cause.

I joke on this thread because i enjoy life,and i get up to win every day,im competitive,but what i see in my work scares me for my childen,my country,all of you,and every decent ordinary person.We were in the best macro position iv ever seen when Blair and Brown got in,we are now in the worst iv ever seen.

The key thing for me is the statistic I've seen somewhere.

To be a NET taxpayer in this country you need to earn something like £52,000 a year.

Anything below that and you are a NET consumer of taxpayers' money. 

So basically everything is paid for by 9% of earners.  Unsustainable.  And even more so when Labour get in.

[Mandalorian]

15 minutes ago, DurhamBorn said:

Im only ribbing you ,your points are very valid for most people,but il never ever get out of bed and want to be most people,win or lose.This thread is about trying to be better.I think on the ISA allowance they will likely cap it like pensions.£200k or something.Taking everyones capital is all they have left.The noose is tightening,even on us.

Best thing to do is opt out of playing the game.

Do minimal work and pay the minimal tax within the law.  Giving up full time work is the best thing I ever did.  But then I am a lazy bastard.

You can only respond to what they actually do and make your decisions at the time.  And I made mine when I saw what my tax was paying for.

[HousePriceMania]

18 minutes ago, DurhamBorn said:

Im only ribbing you ,your points are very valid for most people,but il never ever get out of bed and want to be most people,win or lose.This thread is about trying to be better.I think on the ISA allowance they will likely cap it like pensions.£200k or something.Taking everyones capital is all they have left.The noose is tightening,even on us.

It's an interesting topic DB.

The thing I wonder is when the noose has tightened and everyone is hanging there dead.

What comes next.

That's the scary bit.

Edited April 26 by HousePriceMania

[wherebee]

1 hour ago, DurhamBorn said:

10.5% outperformance of the mystical S&P 500 since @Mandalorian refused my bet.I knew i should of said a week instead of 3 years   .

 

My portfolio has outperformed the S&P 500 for the first time this year (i.e. YTD return is better than the S&P YTD return).  And the miners have not even begun to run yet.

[Axeman123]

5 minutes ago, HousePriceMania said:

The thing I wonder is when the noose has tightened and everyone has hanging there dead.

What comes next.

That's the scary bit.

Venezuela, or on the milder end Argentina, are examples of just how far they will double down. In the former residents of formerly the richest country in south America ate zoo animals and pets to survive.

[HousePriceMania]

31 minutes ago, HousePriceMania said:

It's an interesting topic DB.

The thing I wonder is when the noose has tightened and everyone is hanging there dead.

What comes next.

That's the scary bit.

Coincidentally just saw this...

 

23 minutes ago, Axeman123 said:

Venezuela, or on the milder end Argentina, are examples of just how far they will double down. In the former residents of formerly the richest country in south America ate zoo animals and pets to survive.

 

bring it on.

Edited April 26 by HousePriceMania

[Democorruptcy]

There's a thread about drawdowns etc in the pension section.

 

[Harley]

2 hours ago, DurhamBorn said:

Iv come to the full conclusion that what is driving the collapse of the west is the inflation protecting of the polos,elites and the whole government set up.They lose nothing (until the end,then they lose everything) from their hubris but gain.UK car production fell 27% mostly due to lunatic net zero policy,yet that will not make any difference to those civil servants or their handlers.They will be glad of less traffic.The amount of theft is incredible.Or in macro terms saved labour transfers.Its not current labour/work taxation anymore,thats past its limit and cannot fund anywhere near the costs.They are taking savings through huge financial repression,and i think we will see them change to "an average inflation target" so they can keep real rates negative.

Still we will keep fighting,we are at war ,but at least we know their battle plans.

 

We likened it years ago to the court of King Louis of France.  It just becomes ever more clear.   Let them eat cake while we intrigue and dance in our fake but gay bubble.

Edited April 26 by Harley

[HousePriceMania]

 

[WICAO]

One more step taken to never returning to the UK - all wealth extracted from the ISA and moved to Australia.