JF Lux
Joined: 08 Sep 2007
Location: Luxembourg, Nospelt
Posts: 420
 
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JMC - (in semi-serious mode...) I would say that's a pretty good analysis. I share the same view, we are on a ledge. The crunch is starting to hit home with some consumers in some countries. But it depends if the majority start to realise that the good 'ol days of spending on credit are really over. The US House has passed the rescue package - and markets haven't exactly recovered...that should tell people something.
European Banks are now feeling it - Fortis and Dexia are bailed out; Fortis NL is now nationalised; ABN Amro is disappearing (because of Fortis); ING could be next...
Where to put your hard earned dosh...? Back into the market if you are sitting on cash...there's a lot of money to be made out there...And into those things that will always hold their value - antiques, art, gold, property (if carefully chosen) etc.
As for my money, I know exactly where it's gone and will continue to go - mortgage, fuel for the D3, kids pockets, some choice extras for the D3, food, beer, maybe a tune for the D3...  The next American ex-pat that calls it a "truck" is going to find out what 2.7 tons feels like on their foot...
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 Fri Oct 03 2008 8:17pm |
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dick dastardly
Joined: 29 May 2007
Location: location location location
Posts: 443
 
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Chocolate. Always sells well in crises. For the longer term, copper & cobalt - anything needed for electric motors as ultra capacitor technology takes off replacing batteries http://en.wikipedia.org/wiki/Ultracapacitors There are 10 types of people in the world. Those that understand binary, and those that do not
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| Sat Oct 04 2008 8:23am |
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JMC
Joined: 25 Feb 2006
Location: Aberdeen-Angus. Where the Bull* comes from!
Posts: 4162
 
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| Re: Premium Bonds or Krugerrands under the Mattress |
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Any excuse to say "I told you so".......... 
JMC wrote:I think there may be another fall coming very soon and who the hell knows if it is a survivable one or not.
JMC wrote:we are going to see 'small country* Plc' going bust too
Anyone been watching the news.................
Don't suppose it's worth doing the lottery is it  
Maybe I should buy an old caravan, a glass globe, and wear a heavy veil.....  The older I get, the more I realise that people confuse wrinkles for wisdom 
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| Mon Oct 06 2008 6:52pm |
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DG
Site Moderator
Joined: 12 Dec 2005
Location: In the pubic domain !
Posts: 15105
 
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 Powered by TorqTune
In three words I can sum up everything I've learned about life: .................It goes on.
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| Mon Oct 06 2008 6:59pm |
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JMC
Joined: 25 Feb 2006
Location: Aberdeen-Angus. Where the Bull* comes from!
Posts: 4162
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Wondered if that pic would get dragged out again DG 
I suppose a user name of 'Brahan Seer' would fit better with my Avatar and heritage........   The older I get, the more I realise that people confuse wrinkles for wisdom
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| Mon Oct 06 2008 7:03pm |
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nobbyclark
Joined: 03 May 2005
Location: Perth, Scotland
Posts: 656
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Darling is about to lob £50bn at a load of bankers who, given past experience, will pee it up the wall and pay it to themselves in undeserved bonuses next January. All in the cause of confidence, apparently.
Here's an idea: give it back to the taxpayer instead. That's a few grand for each hard-working individual (we'll even give some to the bankers). And what will we do with it? Spend it, most likely. On cars, food, beer, fuel, paying bills, servicing debt etc. We could even save some of it, in the banks and building societies that are so desperate for our cash. Everyone's a winner: we get some cash to spend; retailers get our cash; the government gets some VAT and duty; the banks get some savings.
Surely this is a better thing for the economy? TDV6 S Auto, Cairns Blue
...oh, and a Mini Cooper S for the mid-life crisis
and an Orange EVO8 for the weekend, sir - the best 2x1 ba gum
Venting my spleen at my very own Blog
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| Tue Oct 07 2008 8:29pm |
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shiny moose
Joined: 12 Nov 2007
Location: Going to Iceland to get my money out
Posts: 1516
 
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Well I am part  ed. I thought Iceland was good for more than an off road trip Silver TDV6 S with sat nav, PTI and Moosed up a bit
"I know that you believe that you understood what you think I said, but I am not sure you realize that what you heard is not what I meant"
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| Tue Oct 07 2008 8:50pm |
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JMC
Joined: 25 Feb 2006
Location: Aberdeen-Angus. Where the Bull* comes from!
Posts: 4162
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Don't worry SM...... If this really bottoms out, my (semi protected) savings will be worth the same as the ones you can't get to. Only good for 'kindling' The older I get, the more I realise that people confuse wrinkles for wisdom
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| Tue Oct 07 2008 9:19pm |
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PeanutBob
Joined: 24 Oct 2006
Location: WIRRAL
Posts: 296
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If, as predicted, the taxpayer is going to have a stake in the banks, can I inform my bank manager to off?
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| Tue Oct 07 2008 9:32pm |
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JMC
Joined: 25 Feb 2006
Location: Aberdeen-Angus. Where the Bull* comes from!
Posts: 4162
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Why would you want to do that?
What's he done? Poor chap is just a bank teller with a few years service and no real management capability.  The older I get, the more I realise that people confuse wrinkles for wisdom
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| Tue Oct 07 2008 9:35pm |
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shiny moose
Joined: 12 Nov 2007
Location: Going to Iceland to get my money out
Posts: 1516
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or market understanding. - should be aimed at the city fellas really. If I found one tonight I would force feed his bonus in 2p coins where the sun does not shine  Silver TDV6 S with sat nav, PTI and Moosed up a bit
"I know that you believe that you understood what you think I said, but I am not sure you realize that what you heard is not what I meant"
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| Tue Oct 07 2008 9:45pm |
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PeanutBob
Joined: 24 Oct 2006
Location: WIRRAL
Posts: 296
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JMC wrote:Why would you want to do that?
What's he done? Poor chap is just a bank teller with a few years service and no real management capability.
And he's another corporate manager, who gets replaced every 2 years, and lives in fear of losing his job.
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| Tue Oct 07 2008 9:47pm |
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JMC
Joined: 25 Feb 2006
Location: Aberdeen-Angus. Where the Bull* comes from!
Posts: 4162
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Whilst I feel exactly the same, it would be fair to say that if you took every fat-cat bonus for the past five years and put it into the banking system, it would have the same effect as a small hampsters fart on the global warming issue The older I get, the more I realise that people confuse wrinkles for wisdom
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| Tue Oct 07 2008 9:50pm |
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shiny moose
Joined: 12 Nov 2007
Location: Going to Iceland to get my money out
Posts: 1516
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Agree, but it would make me feel better. Silver TDV6 S with sat nav, PTI and Moosed up a bit
"I know that you believe that you understood what you think I said, but I am not sure you realize that what you heard is not what I meant"
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| Tue Oct 07 2008 9:52pm |
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