Doom and Gloom

Discussion in 'Off Topic' started by city2, 10 Jan 2019.

  1. sir baconface

    sir baconface

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    Not in my lifetime.
    Those lying Brexiteer cnuts never stated on the bus that China’s economic growth would slow down. We wuz conned...
     
  2. aguero93:20

    aguero93:20

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    Worth looking into Carl Icahn, AK Steel and Nucor as well.
     
  3. scousemanc

    scousemanc

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    We'll be fine, we always are. (Subject to the David Attenbrough thing and the Liverpool winning the league thing)
     
  4. SebastianBlue

    SebastianBlue

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    I’m also looking in to AK Steel, Nucor, and UC Rusal (Deripaska) — Icahn may be a little outside the focus of my research for now, but I’ll keep him in mind.

    There are a couple of things that may (pun intended) touch on conservative/UKIP/labour affiliations, as well.
     
    Last edited: 11 Jan 2019 at 10:04 PM
  5. Millwallawayveteran1988

    Millwallawayveteran1988

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    I work in Financial Services and I’m not overly confident at the moment although it’s nowhere near as bad as 2008/09. The global economy is slowing but still growing. The so called experts are saying no recession until late 2020, possibly 2021. They are often wrong but global growth is still reasonably steady with signs of slowdown. Central Banks can always pump more money in if they want to!

    Could be worse, we could work in the US for the government and be without pay this month!
     
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  6. SebastianBlue

    SebastianBlue

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    The biggest concern is we do not have the fiscal emergency response cushion we had in 2008 — it is one of the reasons the BoE, Fed, and ECB are so hesitant to stop raising discount rates and ease support/prop policy right now: they know we need to get back to a state where they can actually mitigate a recession when (not if) it comes, otherwise it could spiral in to something far worse.

    Spoke with a few MIT economists the other day and their biggest worry is the next downturn coming this year, as although we have had a robust economic recovery, most central backs no longer have much room to manoeuvre with fiscal policy, and we’ve generally depleted ‘bad times’ cash reserves across the board (public and, in some cases, private). The slowdown in growth of the Chinese markets (and the likely considerable slowdowns of the USA and European markets, as well) are also making everyone very nervous.
     
  7. nimrod

    nimrod

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    On top of that they are shitty yet very expensive cars, I would never buy a Jaguar or Land Rover, customer service is very bad over here and these cars have a habit of breaking down/bits falling off them, after that they are expensive to maintain. Why would you do that to yourself ?
    My mates diesel Discovery vibrates so bad when the engine is ticking over the screws in the dashboard unscrewed themselves lol.

    Im not surprised those farmers near you are driving mainly Jap motors, they are reliable, pretty cheap by comparison. Toyota have sold bucketloads of Land Cruisers in the Australian outback because they just dont break down. Not many people out there these days would buy a new Discovery.
     
  8. Millwallawayveteran1988

    Millwallawayveteran1988

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    I know the PMI index data around the world
    Is becoming a concern. Markets have bounced a bit this last week or so but I think it may be temporary. Makes my job more difficult, that’s for sure.
     
  9. SebastianBlue

    SebastianBlue

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    Mine, too, though more indirectly.

    Perhaps all of us blues should pool our money and buy a reasonably sized area in Canada (so it’s prime property as the earth heats up) and relocate, creating a City-focused utopian community? ;-)
     
    sir baconface likes this.

  10. Dont they say that if you want to go into the outback, buy a Landrover. If you want to get back, buy a Toyota. Even the local garage near here agrees with your sentiments and these guys spend most of their time under offroad vehicles. Sad to say.....
    Having said that, I swear ( or used to) by German engineering but this last 2 weeks 3 expensive items of machinery, German, have let me down and the fucking costs are eye watering.
     

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