calm before the storm

[Mega]

I feel that we are "Close"................very soon it will stirke..........i don't know about you but i just wish it would happen!

Mike

[GRG55]

Re: calm before the storm

I feel that we are "Close"................very soon it will stirke..........i don't know about you but i just wish it would happen!

Mike

Mike: You need to get off the edge of your chair

Sit back. Relax. Enjoy the journey.

Maybe re-reading this will help...

http://www.itulip.com/forums/showthread.php?t=1797

[FRED]

Re: calm before the storm

Mike: You need to get off the edge of your chair

Sit back. Relax. Enjoy the journey.

Maybe re-reading this will help...

http://www.itulip.com/forums/showthread.php?t=1797

The article forecasts: "Not until Q1 2008 are we likely to see the main event."

Hey, Mega. You expect the exciting market event you're itching for to happen this quarter.

[Mega]

Re: calm before the storm

Very mixed feelings...............Personaly i was rased to spend with in my means, NEVER borrow.............If you can't afford it, you CAN'T AFFORD IT!

I see Maxed out morrons flying around in large SUV's or Big BMW's Or Merc's...............Frankly i like to see them take an early bath!

But there will be so many whom have NEVER seen a recession who are in for a VERY hard lesson, i wish this was not the case.

BTW BOE just cut .25%............British vote for Inflation!

Cheers
Mike

[FRED]

Re: calm before the storm

Very mixed feelings...............Personaly i was rased to spend with in my means, NEVER borrow.............If you can't afford it, you CAN'T AFFORD IT!

I see Maxed out morrons flying around in large SUV's or Big BMW's Or Merc's...............Frankly i like to see them take an early bath!

But there will be so many whom have NEVER seen a recession who are in for a VERY hard lesson, i wish this was not the case.

BTW BOE just cut .25%............British vote for Inflation!

Cheers
Mike

Maybe here's why. See this?

Credit Crunch Pounds U.K. Economy
Feb. 7, 2008 (WSJ)

LONDON -- The global credit crunch is threatening to claim a new casualty: The United Kingdom, a country that has staked its economic success on attracting other people's money.

For more than a decade, the U.K. has reaped vast benefits from its role as a hub for the world's capital, building London into a financial center to rival New York. No large country is more dependent on the movement of foreign money through its banks: Some $2.4 trillion flowed in and out of the U.K. in 2006, an amount equivalent to the country's entire annual economic output, the most recent data indicate. The financial sector accounts for more than one-fifth of all U.K. jobs, compared with only 6% of jobs in the U.S., and contributed about one-quarter of the nation's economic growth over the past five years.

But now, amid the deepening credit-market turmoil, the U.K.'s embrace of financial globalization is becoming a liability. The investment-banking business is already stalling, potentially eliminating thousands of high-paid jobs and demand for everything from tailored suits to high-end hunting trips. As mortgage credit dries up, house prices are sliding at the fastest rate since 1995. And retailers are facing a tough time as consumers, coming down from years of credit-fueled spending, turn decidedly gloomy.

Frankly, this description fits the US fairly closely as well. The WSJ ought to do piece like this on the US.

[Mega]

Re: calm before the storm

Fred
At the end of the 70's Britian had run out of money, Labour had taxed the middle class to death. Large numbers of people hoofed it to new lands (Brain drain).........Britian was close to total collaspe.

They North Sea oil came on song, thing improved.............etc.

Once again after 10 tens of Labour mis-rule, where money was throw at problems and at the near end of two failed WARS we are there again....expect.

North Sea oil is now running out fast.
Money now being invested in China/Asia.......London NOT required.

This time it will be Bloody!
Mike

[FRED]

Re: calm before the storm

Fred
At the end of the 70's Britian had run out of money, Labour had taxed the middle class to death. Large numbers of people hoofed it to new lands (Brain drain).........Britian was close to total collaspe.

They North Sea oil came on song, thing improved.............etc.

Once again after 10 tens of Labour mis-rule, where money was throw at problems and at the near end of two failed WARS we are there again....expect.

North Sea oil is now running out fast.
Money now being invested in China/Asia.......London NOT required.

This time it will be Bloody!
Mike

Sounds like it. Your FIRE Economy makes ours look sound by comparison. At least we still have a global military to use to entice SWFs to the table.