Tweet
Naked call writing is a certain way to get yourself wiped out.
Speculating about the economy is a lot harder than speculating about the market.
Speculating about the economy is a lot harder than speculating about the market.
-
-
Actually it isn't, but then you're getting people who insists it's different this time.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
What have they got to lose? One must assume they've already lost their shirts... and pants.Long time member @ Apolyton
Civilization player since the dawn of timeComment
-
Looks like a full-on old fashioned run on the bank at Northern Rock. Why would people be so scared about their deposits, given that the Bank of England has already bailed them out?
Interesting that most of the withdrawals were on the web site. It would seem a lot easier to do a run on the bank on the web.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Dang...and I came to this thread hoping for something decidedly kinky.....
*big sigh*
-=Vel=-Comment
-
Why would you still trust the bank with your money if it needed a bail-out?Originally posted by DanS
Looks like a full-on old fashioned run on the bank at Northern Rock. Why would people be so scared about their deposits, given that the Bank of England has already bailed them out?
Interesting that most of the withdrawals were on the web site. It would seem a lot easier to do a run on the bank on the web.
Kind of amazing. If a year ago you'd predict such images everybody would have declared your nuts (even if it isn't a major deposits bank).DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Not only Buffet cashed out. So did Alcoa.
Take your profit DanS and sit out until the end of October. If the market is still good, you can jump back in. The market could also crash and if you're in a cash position, you can jump in cheap.Golfing since 67Comment
-
Re: Re: Co-Ed Naked Call Writing
Is there an epidemic of homelessness, or can people still afford to rent places?Originally posted by Drogue
They're so, so not. Yet. In London, house price inflation estimates have dropped from 36% to 24%. House prices in London have gone up 400% since 1997. Wages have gone up <50% in the same time. The crash has to be huge to regain affordability. And that won't happen, as people really want to buy.
House prices have fallen in the North West, but only marginally, and the rises there were less pronounced. Soon the North will be so cheap, comparitively, that businesses will relocate. Or companies will outsource to the North. Then we might see a bit of a fall in the South. But London rental market is still strong, and isn't likely to go anywhere. Unless the credit crunch leads to banks not hiring many. That is feasible. But IIRC, official estimates are that a 20% fall in house prices over the next 5 years is still less than a 10% probability.Only feebs vote.Comment
-
Good point re Alcoa.Originally posted by Tingkai
Not only Buffet cashed out. So did Alcoa.
Take your profit DanS and sit out until the end of October. If the market is still good, you can jump back in. The market could also crash and if you're in a cash position, you can jump in cheap.
Is there anything big happening in the rest of September and October?I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
No doubt. A run on a bank is so... quaint.Originally posted by Colon™
Kind of amazing. If a year ago you'd predict such images everybody would have declared your nuts (even if it isn't a major deposits bank).
Countrywide Financial managed to avoid it.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
The title of this thread was so promising
Any views I may express here are personal and certainly do not in any way reflect the views of my employer. Tis the rising of the moon..
Look, I just don't anymore, okay?Comment
-
Re: Re: Re: Co-Ed Naked Call Writing
It's just Northern Rock, a small lender, and as far as I can see the recent problems are more indicative of their poor decisions than widespread issues.Originally posted by DanS
I don't know about the peculiarities of the British housing market, but how are people going to buy in the midst of a credit crunch? A lender with a solid book of mortgages had to be bailed out by the gov't.
The whole ponzi scheme requires new members, and it looks like Dauphin was the last in. Here's a good quote from an article about what this means for bringing in new members...
http://www.businessweek.com/globalbi...914_343931.htm
<- Homeowner economist, not at all concerned.
Comment
-
Yet Northern Rock appears to be less of a protagonist in the current credit crisis than a bad case of collateral damage. Its problems were caused not because it risked its shareholders’ money on poorly judged investments linked to American subprime mortgages, as many far bigger and more international banks have. Instead, it has been hit by a failure to borrow from other banks to fund its mortgage lending practices. The interbank market where such borrowing usually takes place has partially seized up in recent weeks because big banks are hoarding as much capital as they can to pay for the cost of their own bad investments.
In agreeing to bail it out, British financial authorities stressed that Northern Rock was “solvent, exceeds its regulatory capital requirement and has a good quality loan book.” The Bank of England charged the bank a penalty rate for the loans, but allowed it to borrow as much as it could provide collateral to support. That suggests the line of credit is potentially very large, but the neatest solution may eventually be its sale to a bigger bank.
Last edited by Colon™; September 16, 2007, 10:09.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Re: Re: Re: Re: Co-Ed Naked Call Writing
The analyst quoted by Businessweek put its market share at 19%, hardly what I would call small.Originally posted by DrSpike
It's just Northern Rock, a small lender
On the other hand, I had never heard of Northern Rock before last week, so maybe the analyst was incorrect.
Besides, you're probably looking back on some equity in your home, so I wouldn't expect you to be concerned.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Yeh, well, you gotta bring 'em in the door somehow.Originally posted by Alexander's Horse
The title of this thread was so promising
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
Comment