Barclays caught fiddling!(All the banks now!)

[Rammy Blue]

Morning all, some decent debate on here.

All rosy in the euro garden....

http://www.bbc.co.uk/news/business-19076128

Oh god not you now
;)

;-P

Morning fella, shit like this helps the morning pass, it's either this or ladies volleyball.

 

[BoyBlue_1985]

<a class="postlink" href="http://www.bbc.co.uk/news/business-19044341" onclick="window.open(this.href);return false;">http://www.bbc.co.uk/news/business-19044341</a>

 

[Rammy Blue]

Morning all, some decent debate on here.

All rosy in the euro garden....

http://www.bbc.co.uk/news/business-19076128

That's why they need a strong resolution on Thursday.

Apparently the BRIC countries are starting to contract with the trouble in Europe and the US. No money to buy their shit with

-- Wed Aug 01, 2012 9:14 am --

That's why they need a strong resolution on Thursday.

It won't come mate, you know it, just the usual bluster that will fizzle out within days.

They've been having meetings like this for god knows how long now, the tide can't be turned.

Of course it can be turned. Someone needs to fuck the fuhrer Merkel off to begin with though.

I'd beg to differ, you can't pay off debt with more debt, it's not a tricky concept.

Pray tell me, where do you envisage any sort of growth coming from?

 

[SWP's back]

Morning all, some decent debate on here.

All rosy in the euro garden....

http://www.bbc.co.uk/news/business-19076128

That's why they need a strong resolution on Thursday.

It won't come mate, you know it, just the usual bluster that will fizzle out within days.

They've been having meetings like this for god knows how long now, the tide can't be turned.

Draghi saying he "will do whatever it takes" last week doesn't sound like "usual bluster" though. Atleast not in the eye of all world markets.

<a class="postlink" href="http://www.fxstreet.com/technical/forex-forecasts/weekly-forex-outlook/2012/08/01/" onclick="window.open(this.href);return false;">http://www.fxstreet.com/technical/forex ... 012/08/01/</a>

You keep saying "you know it" about things as if imploring me to agree. Much like you said all the markets would fall apart this year when we've seen (YTD):

FTSE 250 up 10.2%
Dax up 14.8%
S&P up 9.7%
NASDAQ up 12.8%
Hang Seng up 7.7%
MSCI world up 5.7%

I did say it was still a good time for investors all those months back.

 

[SWP's back]

I'd beg to differ, you can't pay off debt with more debt, it's not a tricky concept.

Well you can mate.

Lets say you owe £50k on credit cards and are paying back £2k a month mainly on interest. You are swimming against the stream and just keeping your head above water but not getting anywhere.

Then you move the debt onto a loan that's more affordable as the interest in lower, now your payment is down to £1,200 per month and you are actually paying back capital as well as interest.

The extra money saved can then be used to promote growth within their countries and help jump start the economy.

 

[Rammy Blue]

I'd beg to differ, you can't pay off debt with more debt, it's not a tricky concept.

Well you can mate.

Lets say you owe £50k on credit cards and are paying back £2k a month mainly on interest. You are swimming against the stream and just keeping your head above water but not getting anywhere.

Then you move the debt onto a loan that's more affordable as the interest in lower, now your payment is down to £1,200 per month and you are actually paying back capital as well as interest.

The extra money saved can then be used to promote growth within their countries and help jump start the economy.

Not if you're borrowing the money that you are paying back with, you're just increasing your debt mountain still, but a tad slower.<br /><br />-- Wed Aug 01, 2012 10:35 am --<br /><br />Surprise, surprise, the yanks hoof the can a little further down the road....

http://www.bbc.co.uk/news/business-19076024

 

[SWP's back]

http://www.bbc.co.uk/news/business-19076024

Was always gonna happen pre-election wasn't it. Politics is shite, when will they learn that we don't care who wants what for their careers, we would rather have some cunts in charge that put the country and economy first. It fucks me off.

ps - the market data is pleasing though yes??

 

[Ducado]

You want read about the money laundering especially American banks laundering Mexican drugs money lots of fines but no criminal charges absolutely scandalous

 

[BoyBlue_1985]

http://www.bbc.co.uk/news/business-19076024

Was always gonna happen pre-election wasn't it. Politics is shite, when will they learn that we don't care who wants what for their careers, we would rather have some cunts in charge that put the country and economy first. It fucks me off.

ps - the market data is pleasing though yes??

Nothing gets done with 9 months to election, no way they could have this hanging about with nobody in charge. Also mentions that the Bush tax cuts end this year so will give whoever gets in charge room for maneuver later on in the year

 

[SWP's back]

You want read about the money laundering especially American banks laundering Mexican drugs money lots of fines but no criminal charges absolutely scandalous

I was saying earlier in the thread mate that if I am found to have missed potential money laundering, even if I had nothing to do with it, I face a jail term but when it's done at a corporate level nothing seems to get done. It's a joke to be honest.