Monday, October 13, 2008

All clear

Dow up 936, FTSE up 324: so it's all okay again. Isn't it?

Except here in the UK, the Prime Minister wants banks to carry on lending like they did last year. Is there a touch of madness in this?

Surreal. That's the feeling.

I see Mish has the same feeling.

5 comments:

  1. Anonymous13 October 2008 at 22:42

    I just want things to calm down long enough for me to learn how to buy gold.

    ReplyDelete
  2. Sackerson14 October 2008 at 06:28

    I'm reading that physical gold is the thing - no paper promises.

    ReplyDelete
  3. RobW14 October 2008 at 13:31

    Houses are still falling. I reckon some time next year that could come home to roost and will really kill us.

    ReplyDelete
  4. Sackerson14 October 2008 at 16:03

    I fear you're right, Rob. But a lot depends on just how many houses were bought over the trend price, doesn't it? A lot of people must be sitting fairly pretty, it's just that they won't be able to use their house as a bank; the worrying area is those who bought or moved up in the last 5 years and particularly the latter end.

    ReplyDelete
  5. Anonymous14 October 2008 at 19:39

    Dearime: " .. learn how to buy gold."

    Good old fashioned English coins.

    http://www.goldsovereigns.co.uk/

    ReplyDelete

Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!

Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.