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The post Hold onto your cash – negative rates could be coming here soon was first published on MoneyWeek.
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The post How Amanda Staveley helped save Barclays – and is now suing it for £1bn was first published on MoneyWeek.
Charlie Morris of the Fleet Street Letter gives his take on where these three currencies are heading to next.
Last year was great for alternative finance, and 2016 could be even better. David C Stevenson looks at the best opportunities to profit.
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Lloyds Bank's decision to redeem £3bn-worth of bonds has been slammed by investors as unfair and premature. Sarah Moore reports.
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A low oil price can only be good for growing the global economy in the long term, says John Stepek. Here, he explains why, and looks at a fund that’s well placed to profit.
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When India’s prime minister, Narendra Modi, came to power in May 2014, his victory propelled the stockmarket to a new record. But now his honeymoon is well and truly over.
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The FTSE100 bounced back yesterday, add in 1.1% to close at 8,901.
A lot of his points have been dismissed by more senior and experts of greater stature. I do not need to waffle. I can say this.
1. We are at a big net EU trade loss . They need us more than we need them
2. Sir Digby Jone ex head of CBI is on record stating its twaddle we would lose out or jobs. The UK is a global economy
3. The EU ignores the UK bit takes our money. We influence nothing. The French and Germans stitch it up for themselves
4. Border control and security is out of control with the EU. It does not work.
5. Loss of our fisheries cost us 2 billion a year
6. Member of the club 20 blllion and 26 billion in red tape. Whatever the true figues its too much regardless
7. Our agreements are ignored like the 3rd Greek bailout
8. They lied about CAP reform after we agreed in exchange to give up part of the rebate. Another FRENCH racket in the EU.
9. The EURO and the fact the EU is shrinking economically. The commonwealth is growing.
9 good reasons over an article of complete nonsense and waffle.
This article scares me from investing in London property. I am considering moving from Aberdeen where the oil price has wreaked havoc to London and buying a £2m house to live in and also as an investment. I am looking around the Slough / Maidenhead area. Is it worth making such a large investment in London, particularly in the country house sector?
Can I ask the source for the 18000 homes under construction please? I can't find it on Google.
Or it's down to the inherent complexities of the accounts. They have also been signed off since 2007.
Errors are inevitable with such large sums, the errors can amount to huge sums that to the public would look strange. Such errors can happen at all national levels and even mega-corporation levels.
I meant "signed off" in the customary way like any Corporate is required to to under the Companies Act. In 2014 overall, 4.4% of the EU's spending [your money] didn't follow the rules and accordingly shouldn't have been paid out. That the auditors have felt a need to clause the accounts in this way for 20 years or so smells of corruption or fraud possibly? Would you invest in a Company in a similar situation?
This comes up time and again. They ARE audited, just not signed off for complex reasons.
No tablets here. Perhaps Merryn is a taker for her shortsightedness.
What is the definition of "welfare per head?"
Dominic here. The dollar downtrend is broken! Next barrier is October's high at $1,175.
Keep taking the tablets you need them to keep LaLa land at bay
I have just read Dixon's diatribe to staying in the EU.
I have been undecided but I became very uncomfortable after reading his missive thinking that this attempt at rationalisation and justification for staying in was so woolly just emotional not based on hard facts.
He read like a man who purported shaky reasons without conviction.
Then I read Charles Morris counter argument and was bowled over by its clarity and to me self evident truths.
I read also Hugo Dixon had been at the FT for years that uber pro-EU paper.
That clarified his article and has made me more inclined to vote for out.
You should back up a sweeping statement like that with at least a smattering of data. Do you know that there is an alternative economic analysis, intellectually coherent and academically respectable? If you are interested in challenging your own world view, read for example Professor Wren-Lewis's "mediamacro myths" series on his blog. Here is the first one http://mainlymacro.blogspot.co.uk/2015/04/uk-mediamacro-myths-introduction.html
I'm not a trained economist, so I cannot say that you are definitely wrong, but your analysis posits a grim grey brutal future, whereas the Keynesian one does at least offer a hope of better things to come. So why not try it?
I would say BitGold has an enormous potential. They basically merged with one of the most trusted Gold bullion custodian of the world which is GoldMoney. They structured the company in a way customer's gold can't be touched even if the they go bankrupt. The more I read about the company and its team the more I like it. Here is some interesting information https://www.bitgold.com/blog/bitgold-review/
They won't raise rates and will introduce more stimulus than the US...as we're far more dependent on real estate. Its a safe enough bet to cash out your pounds for a mix of dollars and gold in my opinion...
The benefits of low oil and commodity prices will come. But only after the deflationary effects have washed through the system. Give it a year.
The daily mash skewers this nicely
Central bankers truly are dimmer than dim - 'wisdom' my a**e. Negative interest rates (presumably passed on by the commercial banks) will not stoke consumption, it will just create asset price bubbles and volatility as people try rationally try to avoid the consequences. You can take a horse to water but you can't make it drink. Savers save because they don't want to consume in the present - penalising them will just force them to move out of cash into other assets - they will not consume. Central bankers should be careful what they wish for - if they push this path too far they will get what that want - inflation - but it won't be a tame 2%pa, it will be rocketing due to people losing faith in the monetary system and dumping currency in favour of tangibles.
Off piste, I see Mervyn King has just been appointed to the board of Aston Villa; relegation is now guaranteed with this 'safe pair of hands' at the helm.
It's worth remembering of course that a loan to a financial institution is an asset and per, I think from memory it's called the Sale of Student Loans Act, or something similar, the lender can sell the student loans on, usually after they have been securitised of course. This means in essence that the loan was paid off shortly after its inception hey what? I think it might be worth an FOI request to see the loan companies' ledgers.
This article confirms my decision to "excit" Money Week,because of their shallow financial understanding and sadly using snake oil.
The vast majority of financial and industrial heavyweights are positively for staying in the EU for obvious reasons .
From Glaxo,Siemens ,Goldman Sachs.
A lot of the so called Red Tape was necessary in order to make Britain a cleaner,safer,healthier,fairer,equal place to live in.
Borders show no respect for pollution , crime and many others negative aspects.
It is a fact,that as a result of EU rules and regulations and law and decisions ,we are all living in a better world.
It is important ,that we continue to improve the environmental and other issues in a concerted fashion.
The alternative for Britain,would be totally under water.
These flats are going to have to fall a long way in price before locals consider them worth buying. Maybe 75%? They are not exactly family homes are they? More appropriate for singles or couples working in the City, and there aren't that many of them in absolute numbers.
I see a recent report in the Times that 80% of under 30s in London plan to move out in the next few years. At that rate it would be a ghost city!
It's unimaginable, and yet, within living memory parts of London were extremely cheap places to live, so perhaps it is imaginable after all.
We need to go back to true capitalism, where firms go bankrupt and are not bailed out. If there were no bail-out;s in 2009 we would have had a depression but we would have cut credit to next to nothing and been able to rebuild. Those who over-extended would have been properly punished, inequality would not be as bad as it is today as fortunes were protected and the poor have very little to lose anyway. All the bail-out's did was protect the fortunes of the those who created the bubble. Therefore no equilibrium reversion and no everything is just side-ways movement. Japan is the prelude to what the rest of the West's future looks like.
What about student loans in the UK that are linked to inflation, will they start paying interest to students?
Great - thanks very much Ben.
I went to one of those places a couple of weeks ago (in London) and 1Oz silver Britannias from last year were £18 each (inc vat).
Is there a more efficient (and legal) way to get hold of bullion do you know? Anyone?
While I'm not thrilled about the cashless concept I think we are oversimplifying things a bit. There are plenty of things that act as pseudo cash and are more convenient than stuffing money under a mattress. Gold comes to mind as the obvious one. Wouldn't everyone just buy gold?
Oil companies plan many years ahead. If the oil price recovers, exploration projects can be restarted fairly quickly. Reserves can be boosted by buying up smaller oil and gas companies. If BP's value were to seriously plummet BP could merge or sell itself. Even if the dividend needed to be cut or suspended for a short while, for the long term investor, nothing to worry about.
The only thing that's an absolute certainty is that the vast majority of people will remain utterly clueless as to "what money is" until the very second AFTER they learn that their "fiat debt notes" are worthless...or that the bankers took all of their digital zeroes and ones they "believed" were "money in their account."
In the meantime, most will remain blissfully distracted by whatever the politicaliars and the corporate-controlled media chooses to tell them they care about.
Mose peepulz jess ain't two turrbull smawrt.
"As it loses touch with real values and turns away from organised religion"
What is this coupling supposed to mean?
Your piece did not mention one tangible argument as to how we would be better off by withdrawing from the EU. But you did acknowledge one fact that is certainly true. Europe - and the EU - will still be there. And if we pull out, we will have to renegotiate trading agreements, movement of people and a host of other issues, with a body, by far our largest trading partner, that will clearly not see us at that point as 'friends'. We will also have to renegotiate trade deals with many other trading partners (the US, Japan, China) who have made clear that they think Britain should remain within the EU - with far less clout than we had before as a member of the world's largest trading bloc. To think that we will get better deals on this basis is, to put it kindly, naive.
I would love to hear some concrete plans from any person who favours getting out how we are going to accomplish that. So far I have heard diddly squat on that front.
Majority of houses we viewed to invest in London - east & Kent and around in the past 3 months were snapped up in less than 3 days (with some sold STC in less than 24 hours) and up for rent in a month time and surprisingly, let agreed in a short period of time, too.
BTL hasn't been touched for a really really long time and it will never be since the MPs and MPC members themselves have properties being let as well, the upcoming new rules in Apr15 and next Apr16 are simply 'mosquito bites', not strong enough to deter BTL investors.
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