If you buy a month treasury now you owe the US government 10bps i.e. on a million you’d owe them 1,000.
Bank of New York are now charging people to give them money.
When theres blood on the floor its time to start buying.
Markets in chaos. Not good.
Econ101 right there.
what do you suggest? your rationale seems a little simplistic
the yankie debt is fairly collossal
I’d invest all my euros and dollars in Cola Bottles.
Everybody loves cola bottles, and they have a long shelf life.
Where are BenShermin and BrianTinnion when you need them?
I find the idea of an increasingly federal Europe quite alarming. Sovereignty or solvency choice is far too simplistic especially when those who will likely look for greater control over Ireland haven’t faced up to their responsibilities yet. John Redwood, Bill Cash and Iain Duncan Smith are my new found heroes.
Apple has fallen by nearly 10% in less than a fortnight. What has changed in Apple tell me? They can’t make enough iPads, iPhones etc. Ryanair is back around €3 bucks from 4 earlier this year. If anything a crisis is good for them as oil prices come down. Plenty more examples if you look for them.
Buy quality at cheap prices. Maybe not today but soon.
Be brave when others are fearful and fearful when others are brave etc, etc.
with apple, obviously a great company but even the techies here reckon the competition has caught up and even surpassed them with the smart phone. would wonder too about steve jobs succession planning there too.ryanair obviously again a great company but their market is only europe. not sure why they havent tried to break into se asia and aus as its crying out for a no frills operator here. If europe improves it stand to reason that ryanair will i suppose especially with the olympics and euro championship final coming up bound to be a lot of internal europe wide flights.three that caught my eye as reasonable recession tolerant companies - telefonica, vodafone and unilever. any thoughts on these stocks?
Tough competition for vodafone. All mobile companies are essentially only going to be 3g providers soon enough. They have broadband services etc but all thats very cut throat. Don’t know much about telefonica though I assume its similar. Might not be a bad move as a dividend yield play telefonica’s dividend yield is nearly 10%!!!
Unilever would be a conservative enough play alright. 3.75% dividend yield. They suffer the same as everyone in a slow down though.
McDonalds, Tesco and shit like like that always do okay in shite markets.
This is exactly what the “loonies” who told us vote “No to Nice” and “No to Lisbon” said would happen.
This crisis is only pushing it all closer to being the United States of Europe.
When talking about this kind of thing it’s genuinely hard to know where to start, even though you think you kind of know what’s going on, it’s all so confusing.
Two simple points:
Q: Does anybody in any position of authority have the faintest clue as to what is happening and what to do?
A: No.
Q: What is wrong with the world economy, the world in fact?
A: Pretty much everything.
Complete corporate dominance over everything
deification of idiot neo-liberalism
dependence on cheap credit for the economy to function which has now dried up completely
globalisation and the destruction of indigenous manufacturing economies
oil at $100 a barrel
oil running out
uncontrollable overpopulation
ever greater pollution which will lead to sea level rise and a load of stuff we probably don’t even know about
overfishing
over use of water which is running out in many parts of the world
the powerful and wealthy lobby of complete nutters which denies any man made destruction of the earth
Feel free to add.
[quote=“sid waddell, post: 519683”]When talking about this kind of thing it’s genuinely hard to know where to start, even though you think you kind of know what’s going on, it’s all so confusing.
Two simple points:
Q: Does anybody in any position of authority have the faintest clue as to what is happening and what to do?
A: No.
Q: What is wrong with the world economy, the world in fact?
A: Pretty much everything.
Complete corporate dominance over everything
deification of idiot neo-liberalism
dependence on cheap credit for the economy to function which has now dried up completely
globalisation and the destruction of indigenous manufacturing economies
oil at $100 a barrel
oil running out
uncontrollable overpopulation
ever greater pollution which will lead to sea level rise and a load of stuff we probably don’t even know about
overfishing
over use of water which is running out in many parts of the world
the powerful and wealthy lobby of complete nutters which denies any man made destruction of the earth
Feel free to add.[/quote]
Good post.
Climate Change
Greater disparity between super rich and the rest than ever before. Poverty is increasing
Power of multinationals over governments
Media moguls ever increasing influence on all we view/see/hear
Nuclear weapons
Most worryingly of all Dancingbaby’s narky attitude
Put all our resources into wave energy for the next 10 years and we’ll be grand. You heard it here first.
Are Virgin Blue not still operating in Australia? Thoght they were no frills. There are a few in Asia like Tiger Air.
Wouldn’t be banking on Apple either. Android is doing well, Windows Mobile will grow once their work with Nokia pays off and it’s hard to see where their next product line will be as the iPad was really just an evolution of existing product lines.
We need to start fracking in the Lough Allen Basin asap.
I’d be willing to sacrifice that general area for the financial security of the rest of the country.
My rudimentary understanding of elecricity and physics tells me that if you can somehow run a cable from the moon to Earth then it will provide perpetual electricity. All you need is to pass electrons through a magnetic field and the moon’s magnetism can’t expire. It might take a bit of planning (and a no-fly zone around the cable) but I don’t know why someone doesn’t do that. It couldn’t be that expensive relative to the problem.
Dead right, I’d certainly be willing to sacrifice the Shannon and all the shitholes on it.
Don’t forget the Clare basin mate - hopefully in future years people will flock to the Burren to see the gas wells every 200 metres as well as the unique plant life and limestone formations.
That sounds like an interesting solution, however I can see the cable disturbing the moon’s orbit or alternatively strangling the earth like an anaconda does to it’s victims as the moon continues to orbit us.
tiger airways have been a disaster here. they were grounded altogether not so long ago due to safety issues and have been plagued with reliability of issues. flights cancelled regularly etc. think ryanair had some link with them alright but they will probably pull out of aus altogether soon.
virgin have scrapped their low cost model and gone to take on qantas in the business class market. qantas do have their jetstar spin off but it aint cheap.
just find it bizarre on 1-3 hour flights being offered shit food, movies and being allowed bring on all kinds of bags. id go without anyway for cheaper fares.
microsoft have certainly got their knives out for their old partners now. my company does a lot of business with cisco but themselves and microsoft have fallen out big time. they are turning the screw on vmware now for server licences too. google and apple the next step. the deal with skype will be interesting now. not sure how it will play out in the market but I think apple are a bit vulnerable anyway to a resurgent microsoft.