tag:blogger.com,1999:blog-1694118162752568388.post5767172635326645771..comments2024-01-18T05:55:50.381+01:00Comments on Scotland Unspun: Brown and London kill more Scottish CompaniesAlex Porterhttp://www.blogger.com/profile/06577153712026023661noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1694118162752568388.post-41144926996844784692009-12-19T13:50:49.917+01:002009-12-19T13:50:49.917+01:00Interesting points. As a result of the 'credit...Interesting points. As a result of the 'credit crunch' I think all the old wisdoms are going to have to be challenged.<br /><br />Credit card default rates are huge. This has pushed that sector into an even more perilous state.<br /><br />With the entire financial sector concealing the truth about their balance sheets, I think we can expect to see more of this type of thing.<br /><br />Right now, I don't trust money. It is being devalued and can go to zero value. If you keep money, I wouldn't trust it in banks - their insolvent and if the government devalues to avoid hyper-inflation then there will be a bank holiday meaning you can't get your cash out or you can get some of it a bit at a time. They'll hold it till they've devalued and then it's too late to invest in gold or commodities etc.<br /><br />Right now I would take advantage of the January sales. When the retail sector realises that consumption has nose-dived you can expect to hear of more closures in the retail sector. There'll be sales galore with discounting off everywhere.<br /><br />Consumption collapse is going to set alarm bells ringing and people are going to realise that 'stimulus' was fantasy economics. Business will have to alter forecasts and that is going to hit employment.<br /><br />My feeling is spend while your money still has purchasing power and get rid of debts as next year could see a huge interest rates hike.Alex Porterhttp://scotlandunspun.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1694118162752568388.post-45763031678809828742009-12-19T12:00:46.498+01:002009-12-19T12:00:46.498+01:00Anon
I was being a bit sarcastic. I am one of the ...Anon<br />I was being a bit sarcastic. I am one of the mugs who would have paid cash for my ticket so would have lost my money. I don't like to pay by credit card although I'm continually forced to. Have you tried to hire a car ? It's impossible unless you pay by credit card.Bobnoreply@blogger.comtag:blogger.com,1999:blog-1694118162752568388.post-36502959897490828712009-12-19T11:38:36.972+01:002009-12-19T11:38:36.972+01:00Some years ago Bob, I had tickets to fly with Duo....Some years ago Bob, I had tickets to fly with Duo. They went bust. The Credit Card was refunded in full within a day ( online banking ). I have seen since then a novel approach where you get charged a fiver a ticket or more to use a cc to book flights. Despite that I have, and have advised everyone I discuss such matters with, to only ever book using a credit card. That fiver is insurance. <br /><br />I pay my card off every month. If you are dumb enough to pay the minimum then you will be paying a lot for the never never. But pay it off, don't spend what you don't have, and you get insurance your purchase of a fridge to a villa in Marbella will be delivered.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1694118162752568388.post-77781750236349633812009-12-18T20:08:23.318+01:002009-12-18T20:08:23.318+01:00Alex, did you notice the only customers who wouldn...Alex, did you notice the only customers who wouldn't recieve any compensation ?<br />Yes the mugs who paid up front with cash of course. <br />If you pay things on the never never then they will look after you.Bobnoreply@blogger.com