Well we managed to halt the global crash that should have happened in 2008 with worldwide Government intervention in the banking system. However, it merely postponed the inevitable. Hang on to your hats, folks.
I must take the time to post that I'm very impressed that a voting member of a G7 Central Bank committee has taken time to post on a Hull City forum. ESSEX GULL
Thankfully I don't hold any shares. Not one stock in London is in the black with the biggest casualties being mining stocks. Read more: http://www.thisismoney.co.uk/money/markets/article-3208605/Footsie-dips-6-000-time-two-years-China-s-Black-Monday-triggers-global-stock-market-sell-off.html#ixzz3jj35GKF5 Follow us: @MailOnline on Twitter | DailyMail on Facebook
We haven't had the early warning yet of long queues outside Northern Rock so we should be OK for now.
What you mean is that you are grateful that you don't hold any shares bought at the high.. If you have shares that have appreciated 50% over the past 5 years, a 3-5% drop would still mean you are significantly up on your investment... in which case you would be thankful that you own shares.. ESSEX GULL
You disappoint me. I gave explicit instructions not to compromise my identity. However, as you're doing excellent undercover work for the Fatherland I shall turn a blind eye on this occasion. Love Angela x
Be greedy when those around you are fearful - Warren Buffett...... Anyone with a bit of spare cash, buy IAE, Ithaca Energy. North sea oil producer with oil sales hedged for two years between $70 - $90 dollars per barrel. Getting arse raped like all other oil stocks, but Mr Market seems to forget what we are selling our oil for. Anyone buying sub 30p will see 3 or 4 times return on their investment in two years. NO-ONE can question my investment decisions, NO ONE.
Seeing pictures of traders with their heads in their hands is a bit like watching Newcastle United fans crying, especially when it is children with their black and white facepaint running - more satisfying than it should be. (But **** it, when less than one percent of money deployed in global markets actually goes towards productive investments, the rest being churned by those traders who just bet punters money against each other, while taking their cut, makes them fair game). Predictably the BBC are pitching it as the Chinese black Monday affecting everyone else. We have a dysfunctional economic system. Pile more and more snow on the ridge above the village, then blame it all on the last snowflake that falls before the avalanche. Of course China's participation in the currency war is a pretty big snowflake, but China had every reason to devalue - plenty of other decisions, lead to that one.
I'm considering tossing myself out the window. I'm on the first floor though so at least it wont take long to hit the ground.
No choice. I was planning on eating money and now it's gone and lost its value. Where am I supposed to get my calories from now?
Correct me if I'm wrong Ellewoods but I think the British word "w***er" unlike tosser has gone into the US lexicon. w a n k e r
