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About LinkBacksJust out of interest? France seems in the poo especially. I've not really looked at things but the only news I can recall is the Goldman-Sachs criticism.
edit: Ah. http://news.bbc.co.uk/1/hi/business/8647441.stm
What happened to the markets today?
Just out of interest? France seems in the poo especially. I've not really looked at things but the only news I can recall is the Goldman-Sachs criticism.
edit: Ah. http://news.bbc.co.uk/1/hi/business/8647441.stm
Yep, was a busy/weird day at work today, seems to be allot of fear resonating on European debt contagion not just with Greece but Portugal also getting marked down.Originally Posted by kalniel
Cant blame the Germans for wanting conditions attached to the rescue to Greece, but it just adds more to the uncertainty at the moment.
All greece where I was sitting (IR derivs)........
Basically Iraq and Afganhistan are considered 'less risky' than Greece right now.
I hope Gordon Brown is paying attention, and I hope anyone who has ever voted Labour watches closely to what happens to a country which has spent more than it can afford.
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Forgive my ignorance of the country credit rating system, but how ****ing stupid is the rating system when it only uses As and Bs... lots of times?S&P said it was lowering its rating on Greece's debt to BB+ from BBB-. It also reducing Portugal's debt rating by two notches to A- as doubts intensified about countries with substantial debt relative to GDP.
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Scary graph time again.....
Also, oh my god, - just seeing the Greek / Portugal government 2y bond movements today.....
Greece + 16%
http://www.bloomberg.com/apps/quote?...=GGGB2YR%3AIND
Portugal + 23%
http://www.bloomberg.com/apps/quote?...=GSPT2YR%3AIND
Last edited by Barrichello; 27-04-2010 at 08:33 PM.
On a happier note, taxpayers look odds on to get a good return from their Lloyds investment now that the recovery is taking place. The Government held its nerve at a tough time and provided the necessary leadership.
I love how people seem to think when the Gov sells the Lloyds/RBS shares it will in any way be "the taxpayer's money"
Us taxpayers own sod all :-/
On a sadder note, I was going to buy RBS shares @15p, dammit!
Hang on I'll get me violin and play something melancholic...
Yes, lets worry about that blip. What percentage of our deficit will that make up? Oh its insignificant...... niiiiiiice.
Its a bit like complementing the captain of the titanic over how nice his uniform is.
(also the gains have to be discounted by the cost of borrowing, risk free depreciation etc. but I'm 100% sure they will completely fail to do that, just quoting a big headline number instead..... politicians are such f***tards.)
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Passed on BAML at 5..... couldn't be bothered to do the compliance paperwork.
All to often to look at what could have been, take solace in the decision making not exposing you to reckless risk.
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Perfect timing I think. Btw, have you made up your mind yet how you will vote?
:S no.
I've got this indie by me who is quite good.
Thing is, I know it can't be brown, he has gambled us to the point the brink isn't far away. Watch Greece (I know, i'm a broken record saying the same thing again and again, but I was at least saying this before the rates surged up this week!). However this could profit me personally as I can charge in USD, or a few other currencies, effectively with no change to my working practice I could earn more. However my parents and pretty much all of my friends would be buttock fornicated in a way that I find horrific to think about, so this is easily the biggest no.
The lib dems, they would benefit me personally with their tax policies, due to been self employed n all. However their view on homes, charging VAT on them whilst doing nothing to address the shortage in supply of property. That is going to seriously impact people who are currently just able to buy, they will be shut out (I could go into the theory behind this, but its amazing the lib dems seam to have not bothered). Again that profits me as I'm a property owner, but I don't like the social poverty it comes at. Not to mention they seam to have stupid ideas that contradict each other!
So that leaves the Tories, with Tony Light. They piss me off because they are going to be cutting some taxes, we can't afford this right now. Inheritance tax for instance, whilst its horrifically unfair tax because it only hits the un-prepaired those who loose a loved one at the worst moment (its easy to avoid this by having clear planning). So I can very much understand where they are coming from. I'm in great favour of small government, but they seam to be doing little to achieve that, promising that they will not cut front line staff.... We simply can't afford to maintain current spending, all those juicy government contracts given to dodgy PPI firms need to be broken as best as possible. They seam to have little respect for us been big and mature in acknowledging this..... Lesser of 3 evils right now, because if I vote indie, one of the others might get in
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Might as well vote for whoever you voted for last time around.
Last time it was lib dem, because I knew they weren't going to get in, the seat was a safe labour one, so my vote was a wasted pitty vote.
Now where I live however its not, so I have to try and make it count. Watching the events that un-furled yesterday and today, its obvious it can't be someone as incompetent as brown, no matter how much having a Muppet like him shock the property market would benefit me
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Anyone know how "safe" Brown's seat is? I assume it's considered pretty damn safe, but wouldn't it be interesting if the country returned a Labour Government minus Brown.
Hmm, Labour Minus Brown: possible idea for a webcomic?
My big regret at the minute is that I didn't buy AMD when their shares bottomed out January last year at ~ 3.something. The weekly Hexus sharewatch stabs me in the face at the minute... *sigh*
I never did agree with the fact that brown got the job for the boys, not got voted in - I suspect he's going to struggle to get back in - although the Lib Dems are doing thier best to make it happen by stealing the votes from the tories...
alas though - there's no excuse for the Greece situation, they knew this was coming back before they even finished the olympic stadiums for athens...
Seriously though we're doing the olympics now, whats the chances we could be in the same situation a few years down the line...
Please do not message me about Scan Free shipping, I no longer work for HEXUS.net
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