The Latest Judgement in Business & Finance:
Barry wins
Barry believes... We need some alternatives to banks, which have proven to be irresponsible and completely unreliable. The general public needs outlets for their savings that are beyond the reach of bonus seeking whizz kids and dodgy schemes.
A new market should be established for corporate bonds so that investors can place their funds directly with companies and not by going through the banks.
We also need some new mortgage providers with simple rules such as:
minimum 15% deposits on properly valued properties
guaranteed minimum sensible margins between borrowings and loans
proper financial checks on mortgagees
no dealing in other companies products such as CDOs.
Voting ended: 9th Dec 08 at 20:59
80% agree. Barry wins!
Business & Finance
PrettyPolly wins
PrettyPolly believes... There is nothing wrong with landlords putting up signs saying "Rent Dodger" when people refuse to pay their rent.
I'm fed up with people thinking all landlords are greedy, lazy so and so's. Landlords have to make a living like anyone else. They have invested in property. People are choosing to rent it out. If someone can't afford the rent then they need to find somewhere else to live - simple as that. Unfortunately the law is not on the side of the landlord and tenants know this. There seems to be no way of getting rid of dodgy tenants. It's just plain wrong.
Jeep wins
Jeep is convinced... That 'Under the Mattress' suddenly seems like less of a stupid place to put your money.
Barry wins
Barry is convinced... that the American Government will make a fat profit on the $750 billion of "toxic" assets it has just agreed to buy.
Their value is now based on the assumption that unemployment in the USA will rise to 20% , which is improbable. House prices have also fallen so much that a recovery is now probable. Others may soon see these as a good investment and that will start the recovery.
Cindarella loses
Cindarella thinks... If there were more women in high up positions in the financial companies, then we wouldn't be in the mess we are in now.
Women are more risk averse. They care whose money it is they are playing with and they care that their company is employing hundreds and often thousands of people. Men just see the whole thing as one big game. They are in it just for themselves, and if it all comes crumbling down, well never mind, because I've had some great bonuses along the way.
Cindarella wins
Cindarella believes... Shoe companies should stop giving away gimicky rubbish with their shoes as a way of getting kids to put pressure on their parents to buy that particular brand.
So many of the shoe companies are doing it. It's such a pain. It's difficult enough getting your kids to pick the best fitting shoes rather than the pair they like the look of best, without now having to battle against which toy they want the most too.
Clarkes shoes have done the little dolls in the heel of the shoe which my girls are always asking for.
Hush Puppies are now giving away some toy that you have to send off for.
Geox gave away an electronic game with their trainers.
It is all just badly made rubbish. A total waste of resources and just more stuff to add to landfill.
Barry wins
Barry predicts... England is already very short of houses and the credit crunch has caused builders to cut back heavily on building capacity. When credit does free up house prices will go through the roof. Anyone wanting to buy should not wait too long.
Colin wins
Colin decrees... It is nothing short of criminal that a BACS payment takes the same time to clear as a cheque
my account went into the red because the bank are sitting on MY money. Then they charge me for the privilege. Come the revolution brothers the banks will be top of the "correction" list.
Elvis draws
Elvis predicts... Bradford & Bingley could go the same way as Northern Rock
I mean it's not in serious financial trouble, no worse than any other bank, but the fact that it is asking shareholders and other institutions for handouts could be enough to trigger a run on the bank.
David wins
David believes... That England is the best country in the world at talking itself into a recession.
There it was yesterday on the news "we're on ly two months away fro ma recession" and at that moment, you could hear all the tills stop chinging. Great, let's all suffer another self made recession.
The Phantom draws
The Phantom reckons... The whole Subprime issue has NOT worked its way out of the system.
Troubled times ahead I think.
RSS feed for Business & Finance
You are here: Business & Finance




Posted 22nd Nov 08 at 06:23
Posted 13th Nov 08 at 17:29
Posted 12th Nov 08 at 21:12
Posted 12th Nov 08 at 19:03
Posted 12th Nov 08 at 15:32