Know this is the stuff of boredom for lots and also lots of stress for many but it seems pertinent.
I know people will have taken hits on their personal finances, wages, savings, pensions you name it but how do people see themselves and also the bigger picture panning out.
it’s been a weird few months as anyone with investments rather than savings has mostly taken a hiding but despite the poor prognosis for the UK economy and also global the markets appear to have bounce a lot(I.e I think investments are about flat to where we are 13 months ago which isn’t too bad in effect I guess).
I don’t know why the markets are acting like this, the oil situation and uncoordinated way all the big economies are dealing with this are different. The central banks are propping everything up with more printing.
Anyone think some sort of global debt jamboree agreement could happen or an agreement for countries to write off certain amounts related to the virus?
Also things like what companies seem to have done well or badly, I’m amazed reading people buying shares in TUI and easyJet for example when we have no clear idea when stuff will resume but people presume they are cheap and will do well out of holidays during the recovery.
As Sepp posted on the other thread, the nation is now drinking at home in cheap clothes. Buy Diageo, sell Next sort of thing.
I know people will have taken hits on their personal finances, wages, savings, pensions you name it but how do people see themselves and also the bigger picture panning out.
it’s been a weird few months as anyone with investments rather than savings has mostly taken a hiding but despite the poor prognosis for the UK economy and also global the markets appear to have bounce a lot(I.e I think investments are about flat to where we are 13 months ago which isn’t too bad in effect I guess).
I don’t know why the markets are acting like this, the oil situation and uncoordinated way all the big economies are dealing with this are different. The central banks are propping everything up with more printing.
Anyone think some sort of global debt jamboree agreement could happen or an agreement for countries to write off certain amounts related to the virus?
Also things like what companies seem to have done well or badly, I’m amazed reading people buying shares in TUI and easyJet for example when we have no clear idea when stuff will resume but people presume they are cheap and will do well out of holidays during the recovery.
As Sepp posted on the other thread, the nation is now drinking at home in cheap clothes. Buy Diageo, sell Next sort of thing.