Making the news today....

[trigger_andy]

Just now, Steve Bullman said:

Not a particularly great time to have cash in the bank anyway 

I agree. If I had spare cash, which I dont Id be hoarding physical metal and maybe 1/3rd in BC. I personally think investing in property today is a no-brainer, or it will be soon when many start to default. The demand for property heavily outstrips demand and will only get worse. 

[sime42]

57 minutes ago, trigger_andy said:

The sheer level of shortsighted ignorance on display with your comment is astounding. Well done. 

Go on then, since you've twisted my arm; I'll indulge you.

So what don't you understand this time? I'm sure you're very familiar with what a Narcissist is at least.

[trigger_andy]

Just now, sime42 said:

Go on then, since you've twisted my arm; I'll indulge you.

So what don't you understand this time? I'm sure you're very familiar with what a Narcissist is at least.

Ive no intention of twisting your arm nor am I wishing to engage you in conversation. Im simply calling you out. End of. 

[devon TWiG]

1 hour ago, Steve Bullman said:

Not a particularly great time to have cash in the bank anyway 

always good to have cash in the bank !!

[Johnsond]

13 minutes ago, devon TWiG said:

always good to have cash in the bank !!

Even better to have it stashed at home, up to a point admittedly. 

[scbk]

I was working for someone recently who offered cash, but they need taken to a bank to swap to current notes 

 

He obviously has a suitcase full of the stuff, and the paper notes are no longer tender

[Mark Bolam]

They won’t even swap them now, only credit them to your account.

[Johnsond]

40 minutes ago, scbk said:

I was working for someone recently who offered cash, but they need taken to a bank to swap to current notes 

 

He obviously has a suitcase full of the stuff, and the paper notes are no longer tender

Schoolboy error 😞🤷‍♂️

[openspaceman]

3 hours ago, Stere said:

Old story but impressive how Woking council  managed to get £1.2 billion in debt in real estate investments?

 

Woking council declares bankruptcy with £1.2bn deficit | Local politics | The Guardian

WWW.THEGUARDIAN.COM

---

Previous Tory leadership embarked on risky investment spree involving hotels and skyscrapers

 

 

I thought property was a good investment?

It was the interesting form of accounting that was used to reborrow money. Also I'm all for renewable energy but the chief exec dreamed up a scheme whereby reported savings from RE were taken out of the general account and used to invest in more RE which was a bit of a stretch. This funded firms which were owned by the council to do developments like the gas powered CHP electric car charging power station.

 

I would love to know if the chief exec's emoluments and pension were in any way linked to the size of his budget.

 

The interesting thing will be who will buy the tower block that cost £700M of borrowed money and has now been written down to £250M?

 

I'm particularly miffed that a piece of wild wet heath  was urbanised with lakes and paved walk ways in order for the new occupants of the tower block to exercise, which they were free to do anyway.

[Mick Dempsey]

9 hours ago, Mark Bolam said:

They won’t even swap them now, only credit them to your account.

That was my understanding.