Boeta
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« on: Wednesday, May 18, 2005, 11:42:40 » |
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Rich says the stock market is on the brink of disaster because of the labour government. I don't know anything about this, can someone fill me in?
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Iffy's Onion Bhaji
petulant
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« Reply #1 on: Wednesday, May 18, 2005, 11:44:37 » |
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err sure 4800 today! 6000 3 years ago.
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Piemonte
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« Reply #2 on: Wednesday, May 18, 2005, 11:46:49 » |
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Thats a pretty fucking simplistic view Rich, and i'm no Labour supporter.
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Boeta
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« Reply #3 on: Wednesday, May 18, 2005, 11:47:10 » |
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sorry they're just numbers to me
explain the significance
or link me to a newspaper article(if it's as important as you're making out they'll be loads)
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Piemonte
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« Reply #4 on: Wednesday, May 18, 2005, 11:50:58 » |
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Its the price of one share for each of the top 100 companies in the UK. So as a rule the higher the better.
Rich's view that it is entirley down the the labour governtment is highly simplistic, there are many external factors that the governmant his little or no influence over.
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JTomlinson
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« Reply #5 on: Wednesday, May 18, 2005, 12:00:03 » |
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To be fair I read about this in the paper this morning.
The worry is that everyone though thought shares would bounce back to the 6000ish hey day, however, after a brief rally above 5000 months ago, it has fallen away.
One of the main reasons for this is increased taxes, and the pension fund windfall tax have hit consumer spending, and profits, therefore less dividends are paid out, therefore people are less willing to buy shares.
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Iffy's Onion Bhaji
petulant
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« Reply #6 on: Wednesday, May 18, 2005, 12:03:27 » |
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Its the price of one share for each of the top 100 companies in the UK. So as a rule the higher the better.
Rich's view that it is entirley down the the labour governtment is highly simplistic, there are many external factors that the governmant his little or no influence over. your right pie! spot on! my view is simplistic because i hate the government and i just blame them all the time. there are external factors e.g. the price of oil and stuff like that. also the MG rover crisis (which in a way i shouldnt blame on the government but i want too)
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Iffy's Onion Bhaji
petulant
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« Reply #7 on: Wednesday, May 18, 2005, 12:04:35 » |
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To be fair I read about this in the paper this morning.
The worry is that everyone though thought shares would bounce back to the 6000ish hey day, however, after a brief rally above 5000 months ago, it has fallen away.
One of the main reasons for this is increased taxes, and the pension fund windfall tax have hit consumer spending, and profits, therefore less dividends are paid out, therefore people are less willing to buy shares. exactly. from a politicain himself. INCREASED TAXES!
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JTomlinson
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« Reply #8 on: Wednesday, May 18, 2005, 12:06:38 » |
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That is also not a political point, it is the view of the financial institutions currently worried about the outlook for the stock market.
For those of us without shares, it is also bad news, as a rising stock market is what funds pensions. Hence why so many people are panicing about retirement, and the Government is now having to consider extending retirement age, or compulsary savings.
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Ben Wah Balls
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« Reply #9 on: Wednesday, May 18, 2005, 12:06:51 » |
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err sure 4800 today! 6000 3 years ago. But 3,300 in March 2003, 4925 today. When labour got into power the FTSE was lower than it is today. Go here http://chart.bigcharts.com/custom/ft-com/chart.asp?type=256&style=1566&size=5&symb=1805550&sid=123797&time=10yr&freq=3mo , it's been steadily rising since the Iraq war, the anticipation of war in Iraq caused a major decline in stock markets around the world. The peak was at 5077, today it's 4920 up 26, I think it will contnue to rise though slowly, it's not doing as well as it could but it's not on the point of collapse either.
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Boeta
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« Reply #10 on: Wednesday, May 18, 2005, 12:07:07 » |
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exactly. from a politicain himself. INCREASED TAXES!
so one politician who manages to get elected by his local people, for example tony blair, is a lying twat. where as another politician who can't get a seat in the commons, say for example justin tomlinson, is never going to spin things. you're in a dream world as per usual richard
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Iffy's Onion Bhaji
petulant
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« Reply #11 on: Wednesday, May 18, 2005, 12:10:40 » |
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exactly. from a politicain himself. INCREASED TAXES!
so one politician who manages to get elected by his local people, for example tony blair, is a lying twat. where as another politician who can't get a seat in the commons, say for example justin tomlinson, is never going to spin things. you're in a dream world as per usual richard :jaw1
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Simon Pieman
Original Wanker
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« Reply #12 on: Wednesday, May 18, 2005, 12:18:28 » |
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Yes there are many external factors involved and agree the afformentioned points from Rich are too narrow minded....i'm sure you must have read the Daily Mail there Rich However, Labour have less control over the economy than people care to think - Gordon Brown handed a lot of control to The Bank of England many years ago. Whilst Mr Brown has handled what he is responsible for well, interest rates and inflation are ultimately out of the government's control.
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JTomlinson
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« Reply #13 on: Wednesday, May 18, 2005, 12:19:19 » |
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Simon - very true.
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Iffy's Onion Bhaji
petulant
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« Reply #14 on: Wednesday, May 18, 2005, 12:20:27 » |
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Yes there are many external factors involved and agree the afformentioned points from Rich are too narrow minded....i'm sure you must have read the Daily Mail there Rich However, Labour have less control over the economy than people care to think - Gordon Brown handed a lot of control to The Bank of England many years ago. Whilst Mr Brown has handled what he is responsible for well, interest rates and inflation are ultimately out of the government's control. your right Si i think i must be reading too much daily mail! im so anti Labour its unbeliveable!
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