Mounts Kipper Posted November 10, 2022 Share Posted November 10, 2022 Having a bit of a day today!! ⬆️ Quote Link to comment Share on other sites More sharing options...
Sweep Posted November 10, 2022 Share Posted November 10, 2022 Good to see Also see the Nasdaq is up a huge 6% on the day. All the indices seem to be flying, what's caused that then? GBP/USD also moving back in the right direction 😁 - up to a whopping £1/£1.166 at the minute. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted November 10, 2022 Author Share Posted November 10, 2022 2 minutes ago, Sweep said: Good to see Also see the Nasdaq is up a huge 6% on the day. All the indices seem to be flying, what's caused that then? GBP/USD also moving back in the right direction 😁 - up to a whopping £1/£1.166 at the minute. Better than expected inflation figures. Quote Link to comment Share on other sites More sharing options...
little whitt Posted November 10, 2022 Share Posted November 10, 2022 20 minutes ago, Sweep said: Good to see Also see the Nasdaq is up a huge 6% on the day. All the indices seem to be flying, what's caused that then? GBP/USD also moving back in the right direction 😁 - up to a whopping £1/£1.166 at the minute. The US midturms Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted November 10, 2022 Site Supporter Share Posted November 10, 2022 16 minutes ago, Sweep said: Good to see Also see the Nasdaq is up a huge 6% on the day. All the indices seem to be flying, what's caused that then? GBP/USD also moving back in the right direction 😁 - up to a whopping £1/£1.166 at the minute. Perhaps the markets have also had a bit of fun and together with central banks realising qe can't go on for ever, they're now feeling a bit more confident over the longer term. Interest rates also risen to a level many times better than virtually fuck all. Hopefully, now the gilt returns have fallen, and gas price likewise, there might be a little bit more to buy more weaponry for Ukraine, and they can defeat Russia quicker, and help return to a more normal situation. Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 10, 2022 Site Supporter Share Posted November 10, 2022 47 minutes ago, Mounts Kipper said: Better than expected inflation figures. Silly uncle joe Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted November 10, 2022 Site Supporter Share Posted November 10, 2022 8 minutes ago, Spider said: Silly uncle joe If we put our interests rates up to us levels, would you gleefully clap, or complain about increasing mortgage costs? Quote Link to comment Share on other sites More sharing options...
Site Supporter Spider Posted November 10, 2022 Site Supporter Share Posted November 10, 2022 10 minutes ago, Tonge moor green jacket said: If we put our interests rates up to us levels, would you gleefully clap, or complain about increasing mortgage costs? I’m ok jack Quote Link to comment Share on other sites More sharing options...
Site Supporter Tonge moor green jacket Posted November 10, 2022 Site Supporter Share Posted November 10, 2022 No answer then. Hmmm Quote Link to comment Share on other sites More sharing options...
royal white Posted November 10, 2022 Share Posted November 10, 2022 Cryptos took a battering yesterday. Time to buy some more Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted November 10, 2022 Share Posted November 10, 2022 3 hours ago, Sweep said: Good to see Also see the Nasdaq is up a huge 6% on the day. All the indices seem to be flying, what's caused that then? GBP/USD also moving back in the right direction 😁 - up to a whopping £1/£1.166 at the minute. Partly the belief (true or not) that China is easing its draconian Covid measures. Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted November 10, 2022 Share Posted November 10, 2022 2 hours ago, Tonge moor green jacket said: If we put our interests rates up to us levels, would you gleefully clap, or complain about increasing mortgage costs? The problem is that interest rates were slashed to emergency low levels after 2008 issues. Carney, as Osborne's political lapdog, didn't bother to make meaningful upward moves over future years. Now I think there is an understanding that rates need to rise a good way yet to restore balance. Quote Link to comment Share on other sites More sharing options...
Sweep Posted November 10, 2022 Share Posted November 10, 2022 2 hours ago, Tonge moor green jacket said: If we put our interests rates up to us levels, would you gleefully clap, or complain about increasing mortgage costs? I'd very happily clap, even more so if we went higher than them Quote Link to comment Share on other sites More sharing options...
globaldiver Posted November 10, 2022 Share Posted November 10, 2022 (edited) 35 minutes ago, MalcolmW said: The problem is that interest rates were slashed to emergency low levels after 2008 issues. Carney, as Osborne's political lapdog, didn't bother to make meaningful upward moves over future years. Now I think there is an understanding that rates need to rise a good way yet to restore balance. Indeed, but entering a recession isn’t the best timing. Time to stick with where we are for a while. Carney should have been doing this many moons ago. Edited November 10, 2022 by globaldiver Quote Link to comment Share on other sites More sharing options...
stevieb Posted November 10, 2022 Share Posted November 10, 2022 Apparently markets like it when the president of US is one party and the senate is majority for the opposition. Stops a loon pushing through anything that would spook the markets. Or something like that. Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted November 10, 2022 Share Posted November 10, 2022 57 minutes ago, stevieb said: Apparently markets like it when the president of US is one party and the senate is majority for the opposition. Stops a loon pushing through anything that would spook the markets. Or something like that. Or almost anything at all. Quote Link to comment Share on other sites More sharing options...
stevieb Posted November 10, 2022 Share Posted November 10, 2022 3 minutes ago, MalcolmW said: Or almost anything at all. Status Quo - made a shit load of money. Quote Link to comment Share on other sites More sharing options...
Mounts Kipper Posted November 10, 2022 Author Share Posted November 10, 2022 2 hours ago, MalcolmW said: The problem is that interest rates were slashed to emergency low levels after 2008 issues. Carney, as Osborne's political lapdog, didn't bother to make meaningful upward moves over future years. Now I think there is an understanding that rates need to rise a good way yet to restore balance. I can’t see massive interest rates rises, would create another property crash. Quote Link to comment Share on other sites More sharing options...
stevieb Posted November 10, 2022 Share Posted November 10, 2022 Not sure if anyone is looking.. Housing Markets are slowing it would seem. Everything sold at asking within a week or two 6 months ago... I'm watching one house in particular knock 5k off asking every week it seems (well over priced anyway). Sold rates seem to be slowing too. Quote Link to comment Share on other sites More sharing options...
Ani Posted November 11, 2022 Share Posted November 11, 2022 45 minutes ago, stevieb said: Not sure if anyone is looking.. Housing Markets are slowing it would seem. Everything sold at asking within a week or two 6 months ago... I'm watching one house in particular knock 5k off asking every week it seems (well over priced anyway). Sold rates seem to be slowing too. My missus does viewings 1 or 2 days a week for an estate agents and they say market has just stalled. Talk of prices falling puts off buyers, especially if mortgage costs are going up. They have told her only needed 1 day a week till after Xmas , she says 75% of viewings are now rentals. She also said if someone has a foreign name they are less likely to turn up when it is a rental. Quote Link to comment Share on other sites More sharing options...
stevieb Posted November 11, 2022 Share Posted November 11, 2022 10 minutes ago, Ani said: My missus does viewings 1 or 2 days a week for an estate agents and they say market has just stalled. Talk of prices falling puts off buyers, especially if mortgage costs are going up. They have told her only needed 1 day a week till after Xmas , she says 75% of viewings are now rentals. She also said if someone has a foreign name they are less likely to turn up when it is a rental. Pop Quote Link to comment Share on other sites More sharing options...
Moderators Casino Posted November 11, 2022 Moderators Share Posted November 11, 2022 Well, one went up for sale near us in the middle of trussonomics Sold in a couple of days Keep expecting the sold sign to come down, but it hasnt Quote Link to comment Share on other sites More sharing options...
Site Supporter MickyD Posted November 11, 2022 Site Supporter Share Posted November 11, 2022 1 hour ago, Casino said: Well, one went up for sale near us in the middle of trussonomics Sold in a couple of days Keep expecting the sold sign to come down, but it hasnt My mum’s next door neighbour (Harwood) sold before the sign went up. They put the For Sale board up anyway probably in the hope of a bidding war. Quote Link to comment Share on other sites More sharing options...
Pablo Posted November 11, 2022 Share Posted November 11, 2022 (edited) Good time to buy now. Recessions are when the proper rich get even richer. Crypto taking a huge dip before a massive massive change coming.... Edited November 11, 2022 by Pablo Quote Link to comment Share on other sites More sharing options...
globaldiver Posted November 15, 2022 Share Posted November 15, 2022 On 11/11/2022 at 09:39, Pablo said: Good time to buy now. Recessions are when the proper rich get even richer. Crypto taking a huge dip before a massive massive change coming.... Could be bargains around int morning Quote Link to comment Share on other sites More sharing options...
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