Good morning/afternoon/evening/night
I had a feeling that short-selling would be banned just a few days before it was. Once again the idiot politicians in the USA/UK are blaming speculators for their rubbish policies. This is what happens when 97% of money in circulation is credit. What next? A banning of selling in the futures markets? A ban on futures markets? Will I become unemployed as a result? What will I do?
Also in an unbelievable move, the neo-conservative US government federalise Fannie Mae, Freddie Mac and AIG. It seems the neo-cons have reverted to their Trotsky roots! In the UK, Gordon Brown is no better. This is the same person who promised that the era of boom and bust was over.
I knew house prices would come down in the UK which is why I didnât buy when everyone else turned into speculative lemmings. When I told friends not to get too excited because houses are just âbricks and mortar,â one actually said that âhouse prices would go up forever.â
All this bullshit just because people want to appear wealthier than they are by using OTT mortgages, credit cards, overdrafts, store cards, hire purchase (closed-end leasing), personal loans etc. My advice: If you canât afford it donât touch it because eventually youâll have to pay for it one way or the other, unless ofcourse, youâre lucky enough to be bailed out by the Fed...
Warmest regards to all
Zak, UK
I had a feeling that short-selling would be banned just a few days before it was. Once again the idiot politicians in the USA/UK are blaming speculators for their rubbish policies. This is what happens when 97% of money in circulation is credit. What next? A banning of selling in the futures markets? A ban on futures markets? Will I become unemployed as a result? What will I do?
Also in an unbelievable move, the neo-conservative US government federalise Fannie Mae, Freddie Mac and AIG. It seems the neo-cons have reverted to their Trotsky roots! In the UK, Gordon Brown is no better. This is the same person who promised that the era of boom and bust was over.
I knew house prices would come down in the UK which is why I didnât buy when everyone else turned into speculative lemmings. When I told friends not to get too excited because houses are just âbricks and mortar,â one actually said that âhouse prices would go up forever.â
All this bullshit just because people want to appear wealthier than they are by using OTT mortgages, credit cards, overdrafts, store cards, hire purchase (closed-end leasing), personal loans etc. My advice: If you canât afford it donât touch it because eventually youâll have to pay for it one way or the other, unless ofcourse, youâre lucky enough to be bailed out by the Fed...
Warmest regards to all
Zak, UK