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You said layoffs are increasing but then in your next posts said there is no deflation and seem to think property prices will keep rising.. if I'm not mistaken?

Can you not see clear signs of economic CONTRACTION? What do a huge number of layoffs in London's primary revenue generating industry mean to you?

Wait till the banking jobs cuts come through in full force..

Depends how you define 'making ends meet'. If by that you mean living from paycheck to paycheck (if you actually have one!) but failing to build any wealth, then yes, I suppose the majority do make ends meet. The real issue is the super rich are here only to avoid tax under the non domicile...

Any place where the billionaires have it good and nobody else can make ends meet is quite definitely third world.

Whilst property prices in the rest of the country have clearly fallen over the last two years, we've seen ASKING prices increase in London. The surge in rental prices shows that there is no sustainable demand to buy at the current offer prices. Commodity prices have simply tracked the stock...

There are two things you really need to understand: 1) Right now we are seeing STAGFLATION: falling *asset* prices and lacklustre GDP combined with increasing *consumer* prices. 2) QE is NOT inflationary, whether they 'print' 75 or 750 bn quid. All monetary printing does is increase the...

A falling stock market for a start. The huge dead cat bounce from the March 2009 doldrums seems to have eerily echoed what happened in the central London real estate market..

Rising rental demand is the clearest indication that people are unwilling or unable to buy at current prices. I don't believe property prices will halve in London long term, but I think we'll be looking a roughly zero rate of growth for some time. Property is not going to be a good...

Not yet, no, which is exactly what they said in Japan in 1989..

In 1989, if you had said central Tokyo real estate prices would fall for the next 20 years, you would have been laughed out of the room.. Deflation is here, and it doesn't spare ANY asset class.

These results show that 25% of traders made money IN ONE PARTICULAR YEAR, i.e. 2007. Let's assume, for the sake of argument, that those who lost money drop out and the winners from 2007 go on to trade in the next year - 2008 in this case. If the win rate is still 25%, you are basically...

To succeed at trading long term you need to cut losses short and let winners run, within a set of rules that has a clear edge. You need to do what is statistically correct whether or not it feels right. That is *entirely* about controlling your emotional response to events. Trading requires...

When you talk about a proper 'degree' for traders, do you mean something like 5 years' practical experience in the markets, or doing an MBA, or studying with a mentor?

Why not use Netjets or Flexjet? Same convenience, 10% of the cost and hassle, if you are an occasional flyer. You are familiar with that saying about the 3 Fs? :)

If you are a James Bond villain. One MEEELION dollars, Mr Bond, mwah ha ha ha ha!

I thought Robert Kiyosaki had a good definition of rich in his Rich Dad series: passive income of $1m per year. Real income is always passive, otherwise you're just selling your time. Not that I ever bought any of his books; I just read them in my local bookshop :)

What a use to put money to.. sounds like a nightmare to me! It reminds me of that old curse: I hope you make a lot of money. And spend it all on doctor's fees.

It's almost as dumb as using 1) fundamentals 2) what happened yesterday but not quite..

Low volume.. http://finance.yahoo.com/echarts?s=%5EGSPC+Interactive#chart1:symbol=^gspc;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined