So who's next to collapse ?
Discussion
I reckon that B&B is worth a pocket money punt. They have a portfolio of mortgage payers which has to appeal to another bank wanting to pocket something for the longer term. 5000 shares will only cost you £900; something will certainly happen soon, so you'll either lose £900 or at least double it within a week.
Spin the wheel!
Spin the wheel!
V8mate said:
I reckon that B&B is worth a pocket money punt. They have a portfolio of mortgage payers which has to appeal to another bank wanting to pocket something for the longer term. 5000 shares will only cost you £900; something will certainly happen soon, so you'll either lose £900 or at least double it within a week.
Spin the wheel!
Arggg, talk like that is going to lose me £900...Spin the wheel!
ScuttleRX said:
V8mate said:
I reckon that B&B is worth a pocket money punt. They have a portfolio of mortgage payers which has to appeal to another bank wanting to pocket something for the longer term. 5000 shares will only cost you £900; something will certainly happen soon, so you'll either lose £900 or at least double it within a week.
Spin the wheel!
Arggg, talk like that is going to lose me £900...Spin the wheel!
king clue what I'm talking about then! V8mate said:
ScuttleRX said:
V8mate said:
I reckon that B&B is worth a pocket money punt. They have a portfolio of mortgage payers which has to appeal to another bank wanting to pocket something for the longer term. 5000 shares will only cost you £900; something will certainly happen soon, so you'll either lose £900 or at least double it within a week.
Spin the wheel!
Arggg, talk like that is going to lose me £900...Spin the wheel!
king clue what I'm talking about then! 
It is tempting to buy a few, just in case...I thought the same with HBOS when it was low 100's, but I only started dabbling about a month ago so very green and gave it a miss!What about a currency?
"LONDON, Sept 24 (Reuters) - The cost of insuring 10-year U.S. government debt against default rose to a record high on Wednesday as investors fretted over the feasibility of the government's $700 billion plan to contain the financial crisis.
Credit default swaps on 10-year Treasury debt expanded to 29.2 basis points -- its widest ever -- from 26.5 basis points on Tuesday, according to CMA, a specialised data provider.
CMA said CDS on five-year widened to 22.0 basis points from 20.5 basis points."
When that AAA rating goes then the fun begins!
"LONDON, Sept 24 (Reuters) - The cost of insuring 10-year U.S. government debt against default rose to a record high on Wednesday as investors fretted over the feasibility of the government's $700 billion plan to contain the financial crisis.
Credit default swaps on 10-year Treasury debt expanded to 29.2 basis points -- its widest ever -- from 26.5 basis points on Tuesday, according to CMA, a specialised data provider.
CMA said CDS on five-year widened to 22.0 basis points from 20.5 basis points."
When that AAA rating goes then the fun begins!
Edited by Fittster on Friday 26th September 22:48
The big retail stores pay rent every three months in advance. A lot of them are due to pay at the end of this month. I suspect that a few of them will not be able to find the cash to pay for it.
I still think that one big car dealer chain, a big car leasing firm and a housebuilder will go under before we start seeing any sign of an upturn.
I still think that one big car dealer chain, a big car leasing firm and a housebuilder will go under before we start seeing any sign of an upturn.
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