counter_violent
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the Spanish have a different mentality, if things arent selling well they put the price up.
Hmm that should work then.
the Spanish have a different mentality, if things arent selling well they put the price up.
the Spanish have a different mentality, if things arent selling well they put the price up.
I've heard that about many nationalities..here's the news...most people do that until they can't afford to do it any longer. It's about nothing more than the balance sheet that's behind the asset ..when the BS caves so does the attititude to holding something that can't sell.
Atilla ,
by the way I've just sold my stinky gilts ..LOL there's debt worth holding and there's debt that traps your bollokc in the wringer ..take the money and run is my motto.
I've heard that about many nationalities..here's the news...most people do that until they can't afford to do it any longer. It's about nothing more than the balance sheet that's behind the asset ..when the BS caves so does the attititude to holding something that can't sell.
its just the perspective of the small business man down here. If the landlord wont budge on the shop rent (and they would rather the shop be empty) then its a bit of a catch 22 because customers are very thin on the ground.
There's an expression 'price is sticky' and it's because it's got a memory ,applies to all sorts of things from property onwards ...the memoryof price holds until it becomes less painful to let it go.And in truth many many people have never experienced a growth enviroment like we have had and probably will continue to have ,but memory of better times ,expected again, are still alive so 'price remains sticky'.
Not just Spain I can assure you.
Black Goose
Have not been over for quite awhile. I assume from your comment you have and if so what feedback can you give that relates to day to day experience in spanish prop..that is did you get next to some agents who were willing to give a realistic idea of market conditions ,price and volumes ,sales times etc ?
I strongly predict long term rates will continue to rise for the foreseeable future.
Inflation is the only cure...
Another key aspect of dollar falling is they will inevitably import inflation. Price of oil will also rise.
Somebody posted that the low dollar has resulted in US deficit being halved. This is incorrect. US defecits are continuing to balloon.
I'm surprised anybody buys long term bonds at these rates. Especially with what's coming round the corner. I strongly predict long term rates will continue to rise for the foreseeable future.
Inflation is the only cure...
Another key aspect of dollar falling is they will inevitably import inflation. Price of oil will also rise.
Somebody posted that the low dollar has resulted in US deficit being halved. This is incorrect. US defecits are continuing to balloon.
This means currency depreciation not having sufficient effect to address twin defecits... Hence, dollar will continue to fall.
Dog chasing tail between legs comes to mind...
"I'm surprised anybody buys long term bonds at these rates"
Look it's simple. The BOE was a buyer and that screwed with price/yield ,but restricted the risk of buying and getting stuffed. So when you coming through August into Halloween months for stocks you can hedge your risk on stocks by buying gilts. This does two things ,helps keep you in the trend in stocks and not get caught short getting short (naughty boys) and it pays you if you can read a chart and time gilts. Those stinky gilts returned 5.7% cap gain + 1.4% yield = 7.1% for 2 months of positioning .I 'll leave you to annualise it. Plus it kept me long with the market trends with less risk. Two words ,return and risk ,keeping the balance on those per my attitude to risk is all that matters and if stinky gilts have a role to play why not use them ,they are just tools that's all.
Meanwhile ,of course with the BOE at this time adjudged to cease being a buyer in November , someone else can take the risk of being in them when they should be in index linked gilts ,bollkcs in a wringer if the BOE doesn't extend it's QE ..remember what happened to gilts back in summer when the BOE extended QE and I applauded and you told me to stop being an Asre ? Well my asre was riding the BOE QE to make money and that's all this is about.
less sales at a higher profit margin. spanish way of doing business. and if you think brown is bad you should listen to zapatero, the guy is totally crazy.
"I'm surprised anybody buys long term bonds at these rates"
Look it's simple. The BOE was a buyer and that screwed with price/yield ,but restricted the risk of buying and getting stuffed. So when you coming through August into Halloween months for stocks you can hedge your risk on stocks by buying gilts. This does two things ,helps keep you in the trend in stocks and not get caught short getting short (naughty boys) and it pays you if you can read a chart and time gilts. Those stinky gilts returned 5.7% cap gain + 1.4% yield = 7.1% for 2 months of positioning .I 'll leave you to annualise it. Plus it kept me long with the market trends with less risk. Two words ,return and risk ,keeping the balance on those per my attitude to risk is all that matters and if stinky gilts have a role to play why not use them ,they are just tools that's all.
Meanwhile ,of course with the BOE at this time adjudged to cease being a buyer in November , someone else can take the risk of being in them when they should be in index linked gilts ,bollkcs in a wringer if the BOE doesn't extend it's QE ..remember what happened to gilts back in summer when the BOE extended QE and I applauded and you told me to stop being an Asre ? Well my asre was riding the BOE QE to make money and that's all this is about.