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What's going to collapse next...

TheCountOfNowhere

By TheCountOfNowhere
in Property Prices & Economy

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  • spygirl

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Wight Flight
Wight Flight

Emailed one of my suppliers today. It bounced. 60 person company that collapsed three weeks ago. i don't use them very often but needed to as my other supplier went bust at the weekend.

belfastchild
belfastchild

I used to be part of the motor club at uni. One of the guys there had an old capri. Said the mileage was getting a bit high so he thought hed take the speedo apart and adjust it. Opened the back a

Axeman123
Axeman123

Power bills are going to be horrendous I imagine. Needs to rebrand as "tin land" or "room temperature storage land"

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dgul

dgul

Posted
Posted
14 minutes ago, TheCountOfNowhere said:

No, their creditors are

https://www.leaderlive.co.uk/news/18537750.go-outdoors-rescued-administration-jobs-saved/

Debt wins every time

How is this even legal ?

It is such an odd system.  'Bankruptcy' certainly wasn't designed to work this way.

You'd think there'd be a 'sniff test' that would render 'mucking about' in this way null and void. 

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Chewing Grass

Chewing Grass

Posted
Posted (edited)
13 hours ago, Bedrag Justesen said:

IKEA launch investigation into illegal logging in supply chain.

 

That is a bollocks, sensationalist, piece of crap typical of Channel4 whose fuckwit journalists fail to realise as there are typically 300 to 400 mature trees per acre so their claim of thousands could be as small as 10 acres, basically the amount of land a secondary school sits on.

These media organisations should really be dragged over the coals for politically motivated point scoring crap like this.

Edit:- Handy trees per acre reference material for spackered journalists.

https://bugwoodcloud.org/bugwood/productivity/pdfs/Jx_WOODLAND_MANAGEMENT_Trees_per_Acre_Spacing_Dist_CODER_2017.pdf

Edited by Chewing Grass
Underpinning of trees per acre
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dgul

dgul

Posted
Posted
58 minutes ago, Chewing Grass said:

Non-Sophisticated Investor goes on the rampage at shopping centre as share price drops, demands to speak to a manager after losing his shirt 3 ways.

Smashes computer up.

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/angry-man-goes-rampage-trafford-18466150

I can't imagine how he thought this would improve the share price.

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spygirl

spygirl

Posted
Posted
1 hour ago, dgul said:

I can't imagine how he thought this would improve the share price.

Speaking as someone who followed the Sirius minerals BBs up til it was bought out at 5p..... they dont think.

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Harley

Harley

Posted
Posted
4 hours ago, Chewing Grass said:

That is a bollocks, sensationalist, piece of crap typical of Channel4 whose fuckwit journalists fail to realise as there are typically 300 to 400 mature trees per acre so their claim of thousands could be as small as 10 acres, basically the amount of land a secondary school sits on.

OMG, I can't believe you actually watched it!

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TheCountOfNowhere

TheCountOfNowhere

Posted
  • Author
Posted (edited)

It seems house prices are going to collapse.

https://www.thisismoney.co.uk/money/mortgageshome/article-8439597/Mortgage-crunch-banks-axe-90-10-deals-lockdown.html

Banks risk a mortgage credit crunch as 90% of small deposit home loans are axed in lockdown - a steeper fall than during the financial crisis

 

 

Edited by TheCountOfNowhere
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spygirl

spygirl

Posted
Posted
15 minutes ago, TheCountOfNowhere said:

It seems house prices are going to collapse.

https://www.thisismoney.co.uk/money/mortgageshome/article-8439597/Mortgage-crunch-banks-axe-90-10-deals-lockdown.html

Banks risk a mortgage credit crunch as 90% of small deposit home loans are axed in lockdown - a steeper fall than during the financial crisis

 

 

Just in time as the first HTBers try to remortgage and discover they have zilch equity, so have to stay on the HTB mortgage lenders SVR PLUS pay back the 'free' money.

 

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JoeDavola

JoeDavola

Posted
Posted
39 minutes ago, TheCountOfNowhere said:

It seems house prices are going to collapse.

https://www.thisismoney.co.uk/money/mortgageshome/article-8439597/Mortgage-crunch-banks-axe-90-10-deals-lockdown.html

Banks risk a mortgage credit crunch as 90% of small deposit home loans are axed in lockdown - a steeper fall than during the financial crisis

 

So does that mean we have a credit crunch in place comparible to the 2008 crunch?

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spygirl

spygirl

Posted
Posted
4 hours ago, TheCountOfNowhere said:

https://news.sky.com/story/coronavirus-airport-ground-handling-firm-swissport-plans-to-axe-4-556-jobs-12013778

 

Airport ground handling firm Swissport plans to axe 4,556 jobs

When I was a kid ....

All jobs connected to airplanes were well paid with lucrative benefits.

I think a bin sweeper earns more than most now.

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spygirl

spygirl

Posted
Posted
15 minutes ago, JoeDavola said:

 

So does that mean we have a credit crunch in place comparible to the 2008 crunch?

We never had a credit crunch.

That was spin by all Browns media plants.

It was a large recession. Its that simple.

What we've seen since 2008 is banks lending less n less money.

Mortgage lending never recovered after 2008. Hardly surprising as 80% of UK banks by lending went bust.

This is just another crank down by the UK finsec.

I'd *love* to see a break down of mortgage lending - amounts n number of mortgages - by post code, just the first bit - eg yo22.

My guess that there are some areas where mortgage lending has stopped.

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TheCountOfNowhere

TheCountOfNowhere

Posted
  • Author
Posted
1 hour ago, JoeDavola said:

 

So does that mean we have a credit crunch in place comparible to the 2008 crunch?

Only for the people.  The 2008 crunch was the banks having no access to money.

 

They said you can't lose on pwopatee....the reality is...you can't lose on fwee money from your central banker mates

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DurhamBorn

DurhamBorn

Posted
Posted
3 hours ago, spygirl said:

Just in time as the first HTBers try to remortgage and discover they have zilch equity, so have to stay on the HTB mortgage lenders SVR PLUS pay back the 'free' money.

 

Exactly,SVR in a rising rate cycle and interest on the free loan.They will never be able to re-mortgage to take the government bit into the mortgage.The worry is we get some kind of government bailout,or leaning on some banks to offer negative equity products.

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Democorruptcy

Democorruptcy

Posted
Posted
On 18/06/2020 at 22:24, TheCountOfNowhere said:

How does £2bn go missing? 

Its ponzi time...

It's not piles of cash on the floor you know. That £2bn is only a "2" in the billion column. I had a £150 discrepancy in my spreadsheet on Sunday but I've found it today.

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sancho panza

sancho panza

Posted
Posted
5 hours ago, spygirl said:

Just in time as the first HTBers try to remortgage and discover they have zilch equity, so have to stay on the HTB mortgage lenders SVR PLUS pay back the 'free' money.

 

Intersting that as below from the counts article.

 

 

We found:

  • The number of 95% LTV mortgages was down 96%
  • The number of 90% LTV mortgages was down 90% 
  • The number of 85% mortgages was down 49% 
  • The number of 80% mortgages was down 20% 

The decline in the 90 per cent loan-to-value mortgage market, seen as a key territory for first-time buyers, outstrips the drop in the year that the credit crunch and financial crisis hit. 

Between August 2007 and August 2008, 90 per cent loan-to-value mortgages on offer declined 43 per cent.

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