To clarify, that's the FTSE-100. The FTSE-250 fell 7%.FTSE only 3pc
Ibex in Spain fell 12pc the biggest fall in its history. Anyone watching. MIlan fell 12pc too. FTSE only 3pc; big worries with Euro. Got told off on another thread as I described this as `tanked`.
Coley - don’t give up. John Kenneth Galbraith famously said: "The process by which money is created is so simple the mind is repelled.” A lot of the ‘complexity’ (to give it a polite term) is merely the attempt to accommodate the absurdity of a system that treats future growth as collateral for yesterday’s debt, and requires perpetual exponential growth for stability, in a physical system that does not support indefinite exponential growth.Keep coming to this thread in the hope there will be a posting I can come close to understanding
Last ‘AAA’ rating lost, $3 trillion wiped off global stocks, three decade low for the pound, 10-year UK government bonds below 1% for the first time ever, RBS and Barclays down 30% and share trading suspended, Deutsche Bank down 25%, FTSE250 down 12%, pension funds being gutted. Fortunately, we have strong and principled leadership and the prospects of recovery are good. And the Bank of England’s promise to print some more synthetic money is bound to help.How's the good old GBP looking today, following yesterday's drop to 1985 levels?
$3 trillion wiped off global stocks, three decade low for the pound, 10-year UK government bonds below 1% for the first time ever, RBS and Barclays down 30% and share trading suspended, Deutsche Bank down 25%, FTSE250 down 12%, pension funds being gutted. Fortunately, we have strong and principled leadership and the prospects of recovery are good. And the Bank of England’s promise to print some more synthetic money is bound to help.
$3 trillion wiped off global stocks, three decade low for the pound, 10-year UK government bonds below 1% for the first time ever, RBS and Barclays down 30% and share trading suspended, Deutsche Bank down 25%, FTSE250 down 12%, pension funds being gutted.
2-1.Sounds like we're in a strong position then?
Merely a double dip recession, I’d say. Once those derivative hedges kick in, we’ll be fine. On no, wait - they amplify correlated/systemic risk ...Sounds like we're in a strong position then?
Compass Q2 2016 | Barclays2-1.
Have to say Barclays share collapse amuses me what with the Barclays Telegraph being so pro exit.
At the beginning of this year many market participants saw the fall in equity prices as a precursor to the end of this economic cycle. We had a different view and saw this downturn as an opportunity to tilt further towards risk assets. In this latest edition of Compass, the theme is growth and equities.
If they shoot back up. Not if they go bust. So don't pick those onesIsn't all this great for tourism and a good time to buy shares before they shoot back up?
Different Barclays.2-1.
Have to say Barclays share collapse amuses me what with the Barclays Telegraph being so pro exit.
Different Barclays.
If they shoot back up. Not if they go bust. So don't pick those ones
Aren't we on triple dip now?Merely a double dip recession, I’d say. Once those derivative hedges kick in, we’ll be fine. On no, wait - they amplify correlated/systemic risk ...
Isn't all this great for tourism and a good time to buy shares before they shoot back up?
....if all the casino banks piss off to Dublin, Paris or Frankfurt - having sucked the cash cow of the UK dry last time they shit the bed - presumably those countries tax payers can deal with the soiled sheets when the next lurch of the on-going systemic crisis eventually hits....
..good luck with that Ireland - only just finished bailing out your last lot of criminal banker psycho's...