OzTennis

In absolute terms perhaps, in per capita terms is a long way off.

OzTennis

The fall in the price of UK banking shares is now the subject of an investigation. In simple terms speculators 'talked down' the shares in a practice known as shorting or short financing:

http://en.wikipedia.org/wiki/Short_selling

scratchey

i have to agree with your opinion of gw bush, but i must add that mr blair and now mr brown have done and are doing a great job at destroying the uk and raping it financially.

Grayling

.....and many of us have never been so well off

dougggy

...and who sold off Britains gold reserves in 2003 (to the Germans) at $300/oz
in exchange for shares in...... now worth...... gold, now..... Gordon, thou art truely blessed with the finacial foresight of a gambler using his credit card in a casino ...

brendarover

So media "sources" have informed the press that insider trading and rumour spreading are responsible for the near fall of the Halifax. They say it was all the work of some underhand greedy city types who conspired to make a quick buck. Seems plausible... or does it?

Don't underestimate the fear running through Govt. Don't assume the truth will come out via the press. When did it ever come out during the growing bubble? There are FAR too many vested interests in this to not question what you're hearing.

I don't believe traders were responsible for this weeks chaos at all. I think it was a genuine crisis caused purely by the credit crunch and that institution came to within a millimetre of instant death, possibly bringing the whole show down with them. Obviously no Govt would sit back and allow this without a good fight. Since when did you trust your Govt in a time of turmoil like this?? The best option they had after Northern Rock was to somehow conceal any further crisis.

This is a COVER UP


Oh yes, my 100th post, what an achievement, an extra magic one for me tonite!

donovandenese

as always the likes of you and me will never know the truth - but you can't deny that media scaremongering, consumer panic and nervous traders contribute as much to a drop in share prices as any actual reason for a fall :-)

brendarover

Our most prudent leader, will do anything to maintain the image of economic competence, but we all know he is probably the most incompetent of all of the last leaders over the past 100 years. He fails to delegate, which is very concerning considering his position, his chum Mr "So What", just turns my stomach, he is what i term "disgraceful", an individual promoted way beyond his natural competent level, like many i suppose, included our Mr Prudent!

I am no Tory supporter either, so nowhere to go for me, but anything is better than this current lot, and i have a feeling many in the UK will take this decision, "the anything is better tha Brown" vote will get him kicked out of office, and the Torys know this, me thinks. The Torys just keep chipping away slowly at PM questions, knowing that slowly but surely Mr Prudent's shaking fist is cracking, the white men in the suits will be along soon to take our great leader away! Roll on May 2010.

brissybound

Do you think it would be worthwhile exchanging our savings into Oz dollars just now?

Weve got 2.5K sterling in the bank, would it be advisable to echange this just now?

Grayling

That is a matter of opinion.....and it certainly isn't mine.

It will be a cold day in hell if I ever vote for a tory.

scratchey

well off !!! the closing of schools, hospitals,post offices, the privatisation of everything and anything, extended waiting times for doctors, hospital appointments and the pressure on housing and schools, along with the ever increasing tax on everthing from fuel to jelly babies.
if this is being well off, then i would really hate to see this country if it was in trouble.
you would do well to step into the real world of the working class in the uk.

Grayling

Nothing different to when the corrupt tories were in Government......except I am much better off now

brendarover

What he means is that the place he calls home's value has tripled in paper terms since 97, because our Mr Prudent has been printing the stuff at 14% per annum. Because wage inflation has been more or less stagnant. So in reality (real value) it has devalued over this time, but don't tell the electorate that?

Just have to borrow aload more to buy a home, but don't tell the kids that?

A typical Labour voter, dark ages and all that, i bet your kids are open minded about politics after listening to you my friend?

I agree the Tory's are a corrupt bunch of toffs, thats why we are now in such a mess when it comes to choice with regards to political parties; do we have any choice, no not really? But read my original post?


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Grayling

No

I mean the money I have in the bank is doing very nicely.

I mean my investments are doing well.

My kids already own their homes.

Yes I vote labour.....because I have been around long enough to see what damage the other lot did......the dark ages were under Thatcher's government when I was paying 15% on my mortgage.

But then you seem to think that it only today that things are difficult.

You have much to learn

brendarover

Oky doky O'great and wise one.

Obviously, i will watch out for your posts and read with trepidation?






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