Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Typos and wrong wording...sorry>>
It won't make any difference to us in Lion / Tally but the US are waiting to see what the FED does with interest rates...if they do nothing (which i expect) the markets could tumble again next week. Investors are worried that nothing, not even safe havens can be relied on. So i envisage massive short term trading (and day trading) next week for a kwik buck.
The spread of c-virus in the US is taking a hold and will affect sentiment in a big way.
It won't make any difference to us but the US are waiting to see what the FEF does with interest rates...if they do nothing (which i expect) the markets could tumble again next week. Investors are worried that nothing, not even safe havens can be relied on. So i envisage massive short term (and day trading)9next week for a kwik buck.
Haha FC very true!
Would love to liquidate this one too but alas unable to.
Maybe one day lol
When gold drops during a meltdown, indicates that investors are reslly spooked. Not even safe havens can be guaranteed safe. I went through the 1987 crash and believe me WHEN the markets begin stripping everyonr of their hard earned...they don't exclude the clever and shrewd
I agree with you on pretty much everything. Apart from all credit costing the earth. I'm still finding it very cheap.
Mortgage rates are low, current credit cards have APR of just 6.5% and 0% and my recent loan for a new car is 3%
Before 2008 no way could I have got a loan at 3% lol. It would have been about 8% from memory. Maybe more tbh. So we are all enjoying low credit rates.
2008 was the best thing to ever happen to the elites. The Cantillon effect of QE has meant the wealthy elites closest to the money printing spigot have got huge sums of wealth afforded to them at close to zero %. They can literally borrow billions and put it on deposit for a few % interest, this is not helping the economy or the working/middle/upper classes as was meant to happen and as we are all told is occurring . The money has never really trickled down as the wealthy have kept it amongst themselves with the likes of Bezos paying $200 million for a New York apartment just driving already inflated property prices further higher and pumping the bubble. The effect on the not so wealthy and poor is that we have to borrow money now at ridiculous rates to try and keep up as prices rise faster than the money reaches the rest of us. Central Banks issue money to these cowboys like Jamie Diamond at near 0% but interest on credit cards has never been greater and the same goes for bank charges, store cards, car loans etc.etc which are ALL way higher now than pre-2008. Go figure.
HSBC,Barclays, Morgan Stanley, Goldman et al screwed the economy get access to money at 0% but c/card interest rates all >circa25%
in these times its the super rich who get richer!
I've a friend who's just sold his business for £3.8 million and has a portion waiting to go into stocks and funds. Told him 2 weeks back to wait for a correction. He met with Barclays Wealth earlier this week and has investment strategy with them but not to start before April. Some times luck just falls your way !
Gotta admit I don't hold any shares now. All been split between gold and bitcoin. Hoping they come good in the downturn we are heading into.
Just got a lucky dip for Saturday... be nice to win £7m with plenty of battered stocks to pick from! ….. Yes I can still dream!
I'm poorly positioned here...got over £200k tied up and worth Feck all...cant get much poorer than that! ;-0
In 2008 Gold first declined 32%, after which it rallied 180%
and Silver are dropping today. This is not a strange phenomenon, it is historically the case as during times of extreme panic in financial markets safety is sought first and foremost in cash, especially USD with its dollar hegemony as the world reserve currency, for as long as that lasts ! Which may not be an awful lot longer with the Fed printing presses counterfeiting fiat trash for the Bank Repo market which has now incredibly been extended to VC's and other reckless deplorables.
Gold will rally as a safe haven asset but don't be surprised if it falls with all other assets in the short term. This could easily be far and a way bigger crash than the 2008 crisis which QE1, QE2 and now QE3 (bank repo) has barely papered over. Delinquency rates on everything from car loans to credit card and store debt is going exponential and the corporate debt bubble has reached the same level now and even perhaps surpassed sub prime mortgage levels of '08. Another worrying stat out of the US yesterday was CEO resignations and departures in the last 6 months has doubled reaching record highs. The question is What do they know that we don't ?
I hope nobody is poorly positioned or over exposed as these markets could become a long term trend and not just a blip and then recovery, don't forget we have been in a bull market for the last 40 years and nothing goes up for ever.
Being in cash is never a bad thing in uncertain times. None of this applies to this share but I guess everyone hear also holds other companies shares so worth considering your positions IMHO.