Tom Winnifrith Bearcast 7 October - can life get worse? Paul Scott gives me advice on healthy living

Comments

1. ---

   Daniel Victor

   7 October 2015, 07:27

   Okay,I’ll own up to owning some Boxhill.Its shareprice actually fell because the company had been predicting a doubling in revenues so a 40-50 % rise was actually a downward revision. I’m sure that if EK wasn’t short of Fitbug he would be using their products to improve his lifestyle !

2. ---

   Jimbo

   7 October 2015, 07:35

   I don’t think it’s at all a given that interest rates are going to go up any time in the near future. Our Central Banking Elite are starting to make it blatantly clear that they’re prepared to go even deeper into the topsy turvey neo-Keynsian World they’ve created post-2008. I think it would be a mistake to disregard Andrew Haldane’s recent lunatic witterings re. the introduction of negative rates coupled with the abolition of cash to tax ‘unproductive savings’ as they call them. I have no doubt they will pull out all the stops to try to keep our debt-based monetary system afloat. I’m sure pushing out the zero lower bound (as they call it) into negative territory will come with all kinds of unintended consequences that will hasten the demise of the present global monetary system. After watching Yellen and her cronies in action recently, I have come to the conclusion that none of these bureaucrats want the financial system to fail under their watch (nor do their political masters) to the extent they dare not even risk a pathetic 25bps rise in US interest rates. Despite the tightening rhetoric, QE has trapped them between a rock and a hard place. I’m of the opinion that with global debt to GDP at something like 280%, they will try to keep the Pandora’s Box of unsustainable debt firmly closed that interest rate normalisation would blow wide open. I have no doubt this reluctance to face reality will lead to an even bigger crash further down the line, so I hope their efforts fail as soon as possible for all our sakes. Just my tuppence worth…

3. ---

   VINES

   7 October 2015, 07:50

   what do those of us do who have 100k savings tiny salary and still renting

   waiting for a crash that never comes

4. ---

   Tom Winnifrith

   7 October 2015, 08:02

   Vines

   a) follow the Paul Scott health plan so you are in great shape
   b) be patient, a correction will come

   t

5. ---

   J P Spaghetti

   8 October 2015, 01:06

   VINES – I’m waiting for the correction too, but if it doesn’t come before too long I’d suggest buying something delightful and spacious in Europe for what you’d pay for a parking space to accommodate a Robin Reliant anywhere within zone 5 here – rather like Tom. No more rent, no mortgage and enough land to grow fruit and veg. You could even be quite close to a major city and back in Blighty for £50 or less in little longer than it takes for him to travel to The Smoke from Bristol. So what if you ended up a street vendor (though fluent English is quite an advantage just about anywhere these days – I don’t think many of us realise how potentially fortunate we are in that respect)?! A noble profession if you ask me and not one that I imagine would cause loss of sleep. Besides, how much disposable income would you actually need in such a scenario? And if you have very young kids they’d have the advantage of growing up to be natural polyglots. Jeez – if it doesn’t come soon (the correction that is)…

6. ---

   Tom Winnifrith

   8 October 2015, 02:50

   Jimbo

   we have taken up that theme in UKI mag – out within minutes

   T

7. ---

   Jimbo

   8 October 2015, 07:33

   Cool. I look forward to reading it Tom. Thanks. :)