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"So according to gazzleberry we're in recession. No need for facts, he uses the exciting new methodology of '...opening your eyes and going for a walk in another area'."
Well he is Scottish and supports Hamza Useless RR78, this is his latest…
"The Scottish parliament’s finance and public administration committee has today warned that Scotland could soon run out of money. Their report points out that “the Scottish Government has itself projected a potential £1 billion resource spending gap in 2024-25, rising to £1.9 billion by 2027-28“. Meanwhile Humza’s tax hikes are pushing businesses south of the border.
The seven members of the committee are attacking SNP leader Humza Yousaf for ScotGov’s “short-term approach towards financial planning” which continues to haemorrhage cash. Giving in to calls for public sector wage increases with no plan to pay for them and spending £500 million on two non-existent ferries are good examples…
While Yousaf bangs on about “Westminster’s cost of living crisis” and blaming the Ukraine war for the state of Scotland’s finances, the committee says “affordability does not appear to be a key factor in Scottish government decision-making”. Warnings that will no doubt be ignored by the SNP for their budget in mid-December."
Just another reason why Gazzleberry doesn't comment on the SNP anymore. 😊
I read that article earlier while you were still in your land of Nod DT.
I thought at the time it was of little or no relevance until Friday's release of actual figures, and anyway Daft Trader will post it later when his nanny wakes him up. And sure enough…. the peeps on this BB are so predictable.🤣
Another good day indeed
After many loaded up sub 40p I wonder how many sold? With a plus 4% return on the day Daft Trader was having trouble swallowing it but still tried his best with some offering from Auntie (BBC) 😭
They say a week is a long time in politics, its not too shabby in the market sometimes either.
"Wikipedia economist Rachel Reeves has just told pool cameras that interest rate rises, which began in December 2021, are somehow the direct consequence of Liz Truss’s mini-Budget. A mini-Budget produced a full ten months later."
She said. “Liz Truss’s mini-budget last year set in motion the economic turmoil and the increases in interest rates that we’ve experienced here in the UK.”
"Truss, when not busy time travelling back to 2021, is also apparently responsible for the US economy as well.
Asked about this on camera, Reeves simply ignored the question and talked about growth. A topic which has landed her in hot water before.
"Bros. Blair was history long before the current crew set about the UK with its wrecking ball."
Gunsup, if you believe that Blair is history, think again.
I guess you've never heard of the perverse organisation called Common Purpose, set up in the Blair era btw. If you look it up don't be fooled by the website, it's not known as The Octopus for nothing. Then there's the Blair institute, as chairman Blair has made several political interventions since its inception.
As I said, think again.
Metro Bank, Starling, TSB and Monzo are the mainstream banks that received the highest rates of fraudulent payments last year, according to research that sheds light on which firms are being targeted by scammers. The Payment Systems Regulator yesterday released industry figures for so-called authorised push payment (APP) fraud, which is when a bank customer is conned into sending a payment to a fraudulent account they believe is legitimate. – The Times
"British house prices unexpectedly rose by 0.9% in October from September but the increase was due to a lack of homes for sale rather than a sign of a turnaround in the market which has been hit by a jump in borrowing costs, a mortgage lender said.
Year on year October prices were down 3.3%, a less sharp fall than September's 5.3% drop, Nationwide said.
Economists polled by Reuters had expected prices to fall by a monthly 0.4% and by 4.8% year on year."
I know this is a Nationwide report, but you have to wonder how these stats are compiled.
Probably not grim enough for Daft Trader to post. 🙂
Thought I'd post this as well livestock, part of the same article.
"Desperado" By the Eagles
A fitting song for the likes of daft trader joined by mick-b and a few others.
The title fits and the words apply…..
"Desperado, why don't you come to your senses?
These things that are pleasin' you
Can hurt you somehow
Desperado, oh, you ain't gettin' no younger
You're losin' all your highs and lows
Desperado, why don't you come to your senses?
Especially the last line….
You better let somebody love you before it's too late
Why would anyone on a share site spend all day and so much time searching for negative articles to share?
Have another look at that last line of the song, saddos.
https://youtu.be/zuqE1gz7qyE?si=mnZRkkgdRQ3XHNLO
Trouble is 88, defined contribution schemes are so restrictive. You'll typically have a choice of just 3 managed funds described as something between passive and aggressive with the lifestyle option, a given unless you opt out.
As proven by events, the stock market has been volatile, it has provided more security than supposedly safer assets.'
"While bond markets have been rocked, the global stock market has risen by an impressive 35.7 per cent over the past three years."
"Eurozone economies have been warned the currency union will be “weak” for years after the European Central Bank opted to freeze interest rates.
Mr Lyddon, founder of Lyddon Consulting Services, told Express.co.uk: “The first question is why household real incomes should recover."
“That requires both employment levels and wages to go up more than inflation and any rises in taxes."
“That happens when the economy is strong, the government is taking a smaller slice of the cake, and there is a resultant shortage of labour.
Mr Lyddon also highlighted an inherent assumption embedded in the ECB’s analysis of the current economic climate, which he characterised as “when the demand for euro area exports recovers”.
He asked: “What is the destination of those exports?
“The non-euro countries of the EU? The UK? The USA? Russia, with the embargo? China, with the problems in its real estate market?
There is no country or region that is buoyant enough to buy more euro-area exports in sufficient quantities to move the dial."
He's saying we're all fkd then, but the eurozone is more fkd than the rest of us, just as I suspected.
Thousands approaching retirement have missed out on so-called safe managed low risk 'lifestyle' pension funds. Just another reason I transferred to a SIPP. Atm, mine should end up as part of my estate, but you never know what the future holds.
Far from protecting you from stock market volatility when approaching retirement, these funds have been a disaster for many.
"For example, the Aviva Pension Pre-retirement Fixed Interest pension fund has lost 33.4 per cent over the past three years. The Vanguard LifeStrategy fund, which invests just 20 per cent in stocks, is down 12.7 per cent in that time. Meanwhile, Clerical Medical's Retirement Protection Pension, which invests almost exclusively in UK Government bonds, has lost a staggering 52.3 per cent."
Even if you don't match the performance of a managed pension, you're certainly in a position with a SIPP to act instantly, to correct things when needed.
https://www.thisismoney.co.uk/money/pensions/article-12682773/amp/How-safe-pension-fund-plummet-30-year-retire.html
Whilst every man and his dog are moaning about direction and talking this down I'm quietly adding to my core investment here even though by doing so I'm adding to my average.
Call yourselves investors, the nearest you lot came, is that your mother slept with one.
Take a couple of days off its the weekend.
"Law firm Travers Smith investigating into the decision by Coutts to cut Farage as a customer. It said the review found shortcomings but decided the move was lawful." The firm's chairman is a well known remain lawyer.
Just saying.