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[ 8 posts ] |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am Posts: 14261 Location: Stratford
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We've never really got over the last one, and now we're in for another: https://www.bbc.co.uk/news/business-64986520
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| Fri Mar 17, 2023 8:04 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm Posts: 9683 Location: Coventry
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I have rather a lot of money invested in the banking sector, I hope that the BBC is scaremongering.
_________________ Of course it'll fit, you just need a bigger hammer.
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| Fri Mar 17, 2023 8:11 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am Posts: 14261 Location: Stratford
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Same here, but the markets seem to be very jittery.
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| Sat Mar 18, 2023 5:13 pm |
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Mister H
Member
Joined: Mon Feb 03, 2020 5:16 pm Posts: 72
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Interesting thread, Gents. I think its called contagion when one bank begins to affect another. We might recall 2008 when for the first time since the 1840's , people were queueing outside banks for their money. Strangely enough, the UK was not that badly affected by the 1929 US Banking collapse. But I think its a different kettle of fish now, when all the banks are interlinked, and the FED continually keeps printing out more money to pay for US wars abroad, and then tells the people to pay for the interest on the debt.
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| Sun Mar 19, 2023 5:22 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am Posts: 14261 Location: Stratford
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Looks like this could still go either way. There still seems to be a lot of uncertainty about.
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| Fri Mar 24, 2023 8:29 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm Posts: 9683 Location: Coventry
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I'm down (on paper) with my investments ytd. I was caught unawares by SVB and of course once that broke selling my investments would result in heavy losses. I'm going to have to sit this one out and hope things improve.
_________________ Of course it'll fit, you just need a bigger hammer.
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| Sat Mar 25, 2023 8:04 am |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am Posts: 14261 Location: Stratford
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I was half tempted to buy some bank shares while their price was down, but it could be a while before I'd make any money,so haven't bothered.
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| Sat Mar 25, 2023 5:00 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm Posts: 9683 Location: Coventry
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A few years ago I was tempted by Lloyds shares. £5 I paid, today they are worth less than 50p. Not a happy bunny!
_________________ Of course it'll fit, you just need a bigger hammer.
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| Sun Mar 26, 2023 12:21 pm |
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