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Old 04-12-2017, 19:29   #1471
Enoch Powell
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Nice. I think with my private pension I can only choose between annuity or taking it all in cash but I'm not sure. Would certainly be very handy if I could take 25% as and when I wanted.
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Old 05-12-2017, 10:50   #1472
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Quote:
Originally Posted by Malcolm Tucker View Post
I just mean he's betting on a substantial market correction taking place. While I think we're slowly slipping into a downturn and Brexit will probably compound that, housing is one of the most resilient investments in the UK and will take something fundamental to upend it on the scale he is anticipating.
It's more about betting on there being a massive stock market rise, which I presume would be a consequence of our currency devaluing and people using stocks as a hedge against inflation. Bit of an odd scenario though, basically our currency weakens but our economy 'booms'. I assume this thinking is the result of drinking too much Brexit koolaid.
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Old 05-12-2017, 12:21   #1473
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Well it's the same retarded view Trump is pushing, that a rally on the stock market means economic prosperity in general. Trackers and shareholders will do well, but it's a long way from that to say the government is raking it in and can pass that on as tax cuts etc. It tends to have immediate beneficiaries and the rest suspiciously never quite manages to trickle down.

It's a similar problem with this dude's reasoning, betting on a stock market rally to translate into more money for him. Even if it increases his pension income, if the rest of the economy is flagging due to a fucked pound, what's the point? Yes you have more money to spend but werthers originals and duck food and whatever else OAPs buy regularly will have shot up anyway. It's like the triple lock recently boosting pensioners a bit here due to 3% inflation, but as the lionshare of their outgoings, if not all, are also linked to inflation in some form or another then it is a meaningless 'gain'
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Old 05-12-2017, 12:25   #1474
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It's just pursuing a strategy to increase/protect personal wealth, the rest of society doesn't really come into it. It's just like the classic video of that dude that appeared on BBC news saying that traders love downturns because they can make shit loads of money.
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Old 05-12-2017, 14:46   #1475
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https://www.ft.com/content/4e0377e6-...b-33fe0c5b7eaa

2022 is when a large tranche of interest only mortgages capital requirements will require paying, I imagine we'll see a fair chunk being forced to sell. Also around 20% of all mortgages are interest only, crazy bastards but I guess they were gambles worth taking while prices are looking like increasing year on year.
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Old 05-12-2017, 21:05   #1476
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http://www.debtdeflation.com/blogs/2...ouse-of-cards/

This is about Australia's property bubble but it has some interesting details which mirror ours.
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Old 05-12-2017, 21:24   #1477
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Running an economy on the basis of digging stuff up and selling it to your neighbour is great while it lasts, not so great when the stuff runs out
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Old 05-12-2017, 23:04   #1478
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Is that why you sold your gold?
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Old 13-02-2018, 09:25   #1479
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http://www.bbc.co.uk/news/business-42666274
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Old 15-02-2018, 20:57   #1480
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Quote:
Originally Posted by Malcolm Tucker View Post
Well it's the same retarded view Trump is pushing, that a rally on the stock market means economic prosperity in general. Trackers and shareholders will do well, but it's a long way from that to say the government is raking it in and can pass that on as tax cuts etc. It tends to have immediate beneficiaries and the rest suspiciously never quite manages to trickle down.

It's a similar problem with this dude's reasoning, betting on a stock market rally to translate into more money for him. Even if it increases his pension income, if the rest of the economy is flagging due to a fucked pound, what's the point? Yes you have more money to spend but werthers originals and duck food and whatever else OAPs buy regularly will have shot up anyway. It's like the triple lock recently boosting pensioners a bit here due to 3% inflation, but as the lionshare of their outgoings, if not all, are also linked to inflation in some form or another then it is a meaningless 'gain'
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