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... there will some big winners when the dust settles.
Some will buy up businesses for pennies in the pound.
Some might speculate it's by design, gawd forbid.
Some will buy up businesses for pennies in the pound.
Some might speculate it's by design, gawd forbid.
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You can never stop the nutters speculating.
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Banks asking for liens on property in exchange for loans that the chancellor touted as life savers.
Ring a bell from 2008 when the sharks were quizzed about where 'all the money went'. Just takes time for the penny to drop with the great unwashed. |
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Jacob Rees-Mogg's investment firm set to make fortune from the coronavirus crisis
Somerset Capital Management, which the MP co-founded, says market volatility offers a “once or twice in a generation” opportunity to make “super normal returns” Tory toff Jacob Rees-Mogg’s firm stands to make a fortune out of the turmoil caused by the coronavirus crisis. The MP owns at least 15 per cent of a company investing in businesses hit by falling share values. Somerset Capital Management says investors have a “once in a generation” chance of “super normal returns”. Mr Rees-Mogg stood down as a director of SCM to become Leader of the House of Commons. SCM said it was focusing on clients’ long-term security. It came as the UK death toll rose by a record 708 – including a boy aged five. As millions face financial misery, SCM managers are buying into businesses where valuations have tumbled – but should bounce back. Potential gains of 500 per cent are touted. https://www.mirror.co.uk/news/politics/jacob-rees-moggs-investment-firm-21814351 |
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Indeed. It's not what you buy but when you buy. Even a turd has intrinsic value at some point eg Northern Rock and Bradford & Bingley.
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For sure a lot of small and medium sized firms will fold.
Why would someone take a loan out to 'save' their business when they do no know when this will end? The banks taking no risk as they want people to put assets up. I thought the whole point of the government scheme was to underwrite the scheme. The Chancellor has also hinted he will go after the self-employed after this further going after smes. Then u have the super rich asking for bailouts. This whole thing is likely to result in more big business and the super rich getting richer whilst everyone else pays more taxes, loses their homes and so on as well as having to put up with more rules and tracking by government. |
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The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.
This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Self-Assessment payments a Self-employment Income Support Scheme a Statutory Sick Pay relief package for small and medium sized businesses (SMEs) a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000 the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans the HMRC Time To Pay Scheme |
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There's nothing wrong with investing into stock markets, in fact, to coin a phrase I've been ramping mine up.
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Remember the Banking Crisis: The banks after having bail-out by government turned the screw on small businesses offering assistance at punitive rates. Then categorising them as insolvent (just because they were lacking cashflow) ruining many independent well-run family concerns which only recently were compensated eg by Lloyds (Hbos), etc.
Banks are like bookies eg they would lend you money when you least need it, and vice versa; bleed you dry if given the chance. The only difference is there's a banking ombudsman with teeth unlike the Gambling Commission (pocket of bookies). |
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There's a much bigger story underlying the banking crisis, essentially they couldn't be allowed to fail. It's a travesty that some of that funding went to pay off bonuses.
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and isnt that were the chancellor came from,a big investment bank
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So he's well qualified to do the job.
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I'm going to get mine this time, only way to fight these capitalist swine..
Haven't mellowed with age but have learned the lessons. |
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Notwithstanding it paled into insignificance when compared to the Americans. Where was Bernanke holed-up prior to being head honcho of FRB?
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Bank of America AIG
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Were they front runners on subprime mortgages? Mr Bernanke was part of the demise of banks eg Lehman and others.
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yep him and Paulson, merril lynch etc, what a scam cfds etc
No, jawb, No income, No collateral No problem, sign here sir.........  |
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a few decent films around about that crisis, The Big Short,Margin Call and Too Big To Fail being three of them
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"Jacob Rees-Mogg's investment firm set to make fortune from the coronavirus crisis"
And? grow up. You can make a profit too, or a loss. Betfair is a betting market modled on the exact market his company may or may not make a profit on. I give a **** if someone dies from this, I'm pretty angry if some socialist parasites try to make ground out of it. |
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Go on lefties, you think you can make a profit, posting on a ****ing company forum whose entire premise is market movements, do it. Or shut up.
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As they say"your health in your wealth" and transfer is not helping
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We are chucking 100s of millions on the national debt in a bizarre period where toilet roll is a commodity, some idiots want us to model ourselves on bankrupt socalist states like Venzeuala (loved by Corbyn) where getting toilet roll or anything normal is a thing to worry about YEAR AFTER YEAR.
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when house prices go down again which they sure will then some new ready cash landlords will be coming in on the scene before any inflation sets in , no doubt then cash in when prices rise ad interest rates go up a bit ...and then return to stocks
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even gold hasn't moved much ...people getting their assets in cash
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Checkers oil did for Venezuela, you know that
as making gain from the virus thats the TORY FILTH FOR YOU |
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The bizarre thing about lefties is they have about one brain cell to share amongst themself, and somehow think it make them superior..
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yOU THINK ITS OK FOR BIG BANKS TO GIVE MORTGAGES and credit to people with no visible income or collateral as in BoA merril Citi bank ETC
float the market with those parcells then turn to the tax payer when it belly's |
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checkers if you could count to 2 that would help
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Anyone who looks at what should be worlds most wealthy country, with the biggest oil reserves known, that is a train wreck for on reason: it's run by socalist scumbags, and then blames "Tories" ... well there you go. I'll live in freedom, thank you mam, and the Socialist Workers can **** off to North Korea.
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Sorry was that directed at me, has Joe IQ 90 got a nickname for me. Bless.
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what freedoms? they are being taken away. Keep up
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did i need to add a Q for you, ah!
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the chinese will be in big style mopping up
even more of africa and the middle east in hoc to them along with the usa and even us who else is going to hold the bonds too? |
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From what ive heard,this is a fantastic time to invest into shares,they let it sink,now huge amounts have been pumped in--lets see if that info is correct,very good today though.
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Certainly an opportunity for the young (mostly safe from virus) to take out the competition, the elderly, spread the virus and pick up the pieces afterwards.
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wouldnt be in too much of a rush to get into shares yet,just looks like they are taking into account the end of the virus and not the economics,the stock market is up today but the news going across the screen on sky doesnt justify it
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Could be a small bounce today because the Tax free ISA contribution limits are reset today.
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dead **** bounce
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pu55y .......
brave anyone investing in shares right now |
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FTSE 5537. Wouldn't blame anyone not getting involved but remember the old saying "follow the money".
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