FTSE 100:
Brent Oil Price:
At least I can think of a few good things:
- No interest rate rises for my mortgage!
- Xmas toys will be cheap
- Filling up my car for under £1 per litre very soon
Apart from that, oh dear.
Monday, 24 August 2015
Back form hols...all a bit worrying... all very 2008 too?
Baltic Dry Rates - Asia to Europe:
FTSE 100:
Brent Oil Price:
At least I can think of a few good things:
- No interest rate rises for my mortgage!
- Xmas toys will be cheap
- Filling up my car for under £1 per litre very soon
Apart from that, oh dear.
FTSE 100:
Brent Oil Price:
At least I can think of a few good things:
- No interest rate rises for my mortgage!
- Xmas toys will be cheap
- Filling up my car for under £1 per litre very soon
Apart from that, oh dear.
Well, FWIW, in my corner of the world of specialty chemicals, we are having a surprisingly strong August, despite all the bad macro news out there. 2008 on the other hand was a real squeaky bum time for several months.
ReplyDeleteAnd 1.4 Euro to the £.
ReplyDeleteWe're off to Sicily!
Yay! And I'm off to Majorca to do m bit for the local economy. Enjoy Sicily Mr Yachtsman - we went there in June for the first time and really loved it, despite a local village being called Corleone! Can recommend a trip to the old part of Syracuse called Ortigia if you're in the eastern part of the island.
ReplyDelete
ReplyDeleteJust dont look in your SIPP.
Andrew, I had a wonderful email this afternoon from my SIPP provider, pointing out that this may be a good buying opportunity.
ReplyDelete2008 it innit so far. China is "only" linked to the outside world through goods trade and commodities. Their stock market crash can only really directly affect Chinese investors. Their resulting downturn can't really affect UK firms because we don't really sell them much(!).
Cheap oil and yet another delay in US & UK monetary tightening, for the win!
Just back from France where it was very cheap in the few places that could be arsed to open in August.
ReplyDeleteI think the EM crisis will be a while yet. Agree commods collapsing is not so bad for us. But say Germany is hit as its exports decline, this has a big feedback loop for UK. Will take a few months for us to find out though.
Oh totally agree, we could be looking at a slowdown, but this is not a banking crisis.
ReplyDeleteGood news re cheapness in France, I am off for a long le weekend in a couple of months.
ReplyDeleteWelcome back from your holiday CU! Hope you were on good "FORM" :)
ReplyDeleteI bailed out of my stocks including the supermarkets, took the hit. Glad I did 10-15% further down from my bailout to today, might buy back in when things turn back up.
Just the pension as you mention to get out of now, but it will be a slow process.
CU - the quote you are after is Oscar Wilde: from memory,
ReplyDeleteYet each man kills the thing he loves,
By each let this be heard,
Some do it with a bitter look,
Some with a flattering word,
The coward does it with a kiss,
The brave man with a sword!
- ND (from darkest somewhere-or-other: but hope to be back next week ...)
Off to Berlin for a long weekend in a month's time...might stock up on some € cash now!
ReplyDelete"China is "only" linked to the outside world through goods trade and commodities": and gazillions of US Treasuries?
ReplyDeleteDearieme
ReplyDeleteExactly and if keeps dumping them at this rate it will have cleared them in six months
Fair point!
ReplyDelete
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