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Failed Imagineer posted:Yeah it's looking like some real historical potentiality right now Time for me to put on Bloomberg, I regret I wasn't watching when Lehman shat it
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Sep 28, 2022 13:00
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I was studying economics at the time of the last crash and a friend of mine was on an internship with Lehman. She was told to go home and when she got to the home (which Lehman had put her up in) the landlords were changing the locks. You'll be pleased to know she landed on her feet and went on to become a futures trader in the grain market, before retiring at the age of 30 to spend more time with her art collection...
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Sep 28, 2022 13:00
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a pipe smoking dog posted:I was studying economics at the time of the last crash and a friend of mine was on an internship with Lehman. She was told to go home and when she got to the home (which Lehman had put her up in) the landlords were changing the locks. Can you get her to lend me a hundred grand? Already seen something funny on Bloomberg, UK credit insurance is now twice as expensive as Ireland, despite the UK having a better credit rating lol
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Sep 28, 2022 13:06
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King Charles please your first action as king, the sacking of the government, they've made the money too sad. My house price it go down but my mortgage it go up.
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Sep 28, 2022 13:07
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I wouldn't normally quote the FT, but enjoyed this one:https://www.ft.com/content/756e81d1-b2a6-4580-9054-206386353c4e posted:The BoE said its action would be “strictly time limited” and came after market participants said there was a “proper poo poo show” happening in government bond markets.
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Sep 28, 2022 13:08
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I bought my first flat in 1993.  Even then, prices were rocketing up in local markets despite what that graph says; someone doing the same job as me joined the company a year later, and a flat was already out of reach on that salary. They didn't just have to rent, but share. I was phenomenonally lucky in hindsight.
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Sep 28, 2022 13:11
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A Buttery Pastry posted:Anyway, being anti-natalist makes sense from a selfish perspective if you don't expect to live long enough for those kids to pay for your old age. Anti-natalism is way too happy, optimistic, and anthropocentric. Read some Ligotti, and learn about how the existence of any life, anywhere in the universe, is a blight upon its serenity.
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Sep 28, 2022 13:11
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forkboy84 posted:Can you get her to lend me a hundred grand? Unfortunately she stopped talking to me surely after she became incredibly rich, which was a bit rude. Also I hadn't even considered the inevitable credit rating drop. Seriously as someone who works in an insurance related industry I am having trouble concentrating on things today.
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Sep 28, 2022 13:12
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lol https://twitter.com/i/status/1575087390297038848
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Sep 28, 2022 13:14
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Ewan posted:I wouldn't normally quote the FT, but enjoyed this one: You should, it's a good paper. The opinion pages are rubbish but they all are. The actual reporting has to be reliable because of who their audience is: they don't need to manufacture consent. I don't read it every day but I do try to remember that I found a site that has a PDF of it each morning
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Sep 28, 2022 13:15
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That McRib is coming back baby, it's good again
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Sep 28, 2022 13:15
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She looks so loving proud of that wet fart of a gag. Why does being in politics mean you aren't physically capable of making good jokes!
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Sep 28, 2022 13:16
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forkboy84 posted:You should, it's a good paper. The opinion pages are rubbish but they all are. The actual reporting has to be reliable because of who their audience is: they don't need to manufacture consent. reddit UKPolitics posts articles from it with an 'archived' form (ie not paywalled). Unrelated: I suspect the Bank of England will have to do a dramatic intervention using interest rates shortly. I've been through this before back in the olden days of 30 year ago. I'm saying this so if it happens, people, PLEASE do not take any drastic immediate knee-jerk actions. In 1992 when UK left the Exchange Rate Mechanism, interest rates rocketed from 9.875% to 12% in one fell swoop (and were planned to go up to 15% but DIDN'T). Friends with large mortgages were in absolute despair and one or two close to suicide. My point though is that the interest rates came back down to 10% again WITHIN 1.5 days (I'm well aware that usual interest rates back in those days (70s / 80s) were considerably higher than what we consider 'normal' these days.) Jaeluni Asjil fucked around with this message at 13:25 on Sep 28, 2022 |
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Sep 28, 2022 13:23
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There is something very funny about the Tories literally causing a financial crisis after falsely blaming Gordon Brown for the last one.
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Sep 28, 2022 13:23
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forkboy84 posted:She looks so loving proud of that wet fart of a gag. Why does being in politics mean you aren't physically capable of making good jokes! I haven't watched it but melty friends are sharing it on FB and saying what a good egg she is.
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Sep 28, 2022 13:24
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Jaeluni Asjil posted:
Good post
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Sep 28, 2022 13:29
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Angela Rayner can just vaguely mention being a socialist, play up her accent a bit, and then be the perfect Starmerite free from criticism. It's very tory. That whole ablative armor strategy. She can just come out with whatever dumb poo poo about being tough on crime and criticising Corbyn for antisemitism but it doesn't matter, she has the accent she must be one of us.
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Sep 28, 2022 13:30
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Nothingtoseehere posted:There is some possible here, in that cheap finance is what allows the bubble to inflate in the first place. If interest rates stay high over the next 5-10 years, the bubble won't reinflate because the loans to sustain such a high valuation are too expensive to be profitable. The problem with that though is that the prices would need to utterly crater in order for that to be an assist to the people marginalised by the bubble. First time buyers generally need good loans or help from their family to afford a house. A crashing economy is going to make it extraordinarily difficult to save in order to take advantage of those rates (especially if you rent), and when the rates are sky high, will it be possible to get a loan affordable to a first time buyer? For a scenario like this to work in favour of first time buyers, houses would need to drop to the point where first time buyers can reasonably put down 50%+ deposits in a truly hosed economy. I just don’t see that, not without a massive increase in supply, which this government clearly has no intent to deliver.
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Sep 28, 2022 13:31
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a pipe smoking dog posted:There is something very funny about the Tories literally causing a financial crisis after falsely blaming Gordon Brown for the last one. While falsely blaming Starmer for causing this one.
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Sep 28, 2022 13:31
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Jaeluni Asjil posted:reddit UKPolitics posts articles from it with an 'archived' form (ie not paywalled). Yes, this is good advice, though I also want to say I just heard someone on Bloomberg TV make a crack that the bankers at Barclays haven't jumped into the Thames YET. Which they don't do in normal times. But yes, don't panic because things look bad on one day.
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Sep 28, 2022 13:35
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Zalakwe posted:Imagine singing this at karaoke. Someone find that bloke (and it will be a bloke) the number for a decent therapist. LIMBIC SYSTEM: I hurt myself today...
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Sep 28, 2022 13:55
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Brendan Rodgers posted:Anti-natalism is way too happy, optimistic, and anthropocentric. Read some Ligotti, and learn about how the existence of any life, anywhere in the universe, is a blight upon its serenity. Or read some Buddhism and embrace the fact that life is suffering and there is no escape*. Not even in death does the suffering end. *There is an escape hatch but it leads to oblivion.
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Sep 28, 2022 13:59
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this medium post that was linked from the jack monroe twitter thread is pretty loving damning and gives a lot of receipts on a lot more bullshit than I had been aware of
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Sep 28, 2022 14:05
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I'm looking at properties way down at the cheap end of the market, so I'm assuming that they wouldn't be affected by a hugely significant amount in the event of a crash (interest rates maybe, but even then there's only so much they can go up by, especially compared to more expensive properties).
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Sep 28, 2022 14:15
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The state of these bellends. “Operation Rolling Thunder”. gently caress me https://twitter.com/benrileysmith/status/1575108612321468417
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Sep 28, 2022 14:50
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We're midway through the process of buying a larger house and I have no loving idea what to do tbh, the current mortgage is going to be transferred over then remortgaged in.. I want to say May? But the buyers of our current place have gone quiet and I'm watching the interest rates skyrocket and gently caress me, maybe we should just pull out
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Sep 28, 2022 14:56
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smellmycheese posted:The state of these bellends. “Operation Rolling Thunder”. gently caress me Very smart and big-brain to name it after an indiscriminate campaign of mass death that achieved none of the strategic goals and ultimately led to that same invading force leaving with its tail between its legs.
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Sep 28, 2022 14:57
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poo poo YOUR PANTS WITH ROLLING THUNDER/ WHEN YOU SEE THE POUND FAIL
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Sep 28, 2022 15:03
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I'm glad she's been enjoying the gimmick https://twitter.com/Liztruss/status/1575098230626721793
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Sep 28, 2022 15:04
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Tesseraction posted:Very smart and big-brain to name it after an indiscriminate campaign of mass death that achieved none of the strategic goals and ultimately led to that same invading force leaving with its tail between its legs. I'm going to tell myself that this was someone who thought the plan was terrible's idea of a quiet joke.
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Sep 28, 2022 15:04
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Lord of the Llamas posted:I'm going to tell myself that this was someone who thought the plan was terrible's idea of a quiet joke. Same person who named Operation Yellowhammer? ('a little bit of bread and no cheese')
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Sep 28, 2022 15:07
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Failed Imagineer posted:poo poo YOUR PANTS WITH ROLLING THUNDER/ lol Leviathan was literally playing while reading this BRITAIN CLOWNED no make that MARKETS BAIL TORIES FAIL lilljonas fucked around with this message at 15:13 on Sep 28, 2022 |
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Sep 28, 2022 15:08
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Operation oh gently caress no oh no no no
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Sep 28, 2022 15:10
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Failed Imagineer posted:poo poo YOUR PANTS WITH ROLLING THUNDER/ 
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Sep 28, 2022 15:11
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Lmao lilljonas posted:lol Leviathan was literally playing while reading this Both good! Failed Imagineer fucked around with this message at 15:20 on Sep 28, 2022 |
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Sep 28, 2022 15:16
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https://twitter.com/edconwaysky/status/1575128310740389889?s=46&t=W5-1snIcvntt6Zc7Ymp6Uw bleak, terrified lol
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Sep 28, 2022 15:27
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Strong and stable.
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Sep 28, 2022 15:34
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Me reading every new tweet.
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Sep 28, 2022 15:38
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Bobby Deluxe posted:DRAMA: FAILURE ⏺️⏺️ post/av combo approved
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Sep 28, 2022 15:38
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This has to be fake  Edit - apparently genuine but he deleted in shame smellmycheese fucked around with this message at 15:45 on Sep 28, 2022 |
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Sep 28, 2022 15:42
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