Money Week declares Doom (again)

biffvernon · Post by **biffvernon** » 25 Feb 2013, 22:43

http://pro.moneyweek.com/myk-eob/EMYKP2 ... 6&r=MC&g=0

RenewableCandy · Post by **RenewableCandy** » 25 Feb 2013, 23:11

Yes but this looks like a sort of effete, high-level doom in which your £100,000 investment portfolio is slightly compromised and you're taxed rather a lot on any salary over about half a million.

Totally_Baffled · Post by **Totally_Baffled** » 26 Feb 2013, 07:20

Hmmmm we are so dooomed they think we should still fork out for a subscription to their magazine....!?

Post by **clv101** » 26 Feb 2013, 09:38

Totally_Baffled wrote:Hmmmm we are so dooomed they think we should still fork out for a subscription to their magazine....!?

Indeed. Interesting charts - but it's basically just an advert.

JavaScriptDonkey · Post by **JavaScriptDonkey** » 26 Feb 2013, 21:04

RenewableCandy wrote:Yes but this looks like a sort of effete, high-level doom in which your £100,000 investment portfolio is slightly compromised and you're taxed rather a lot on any salary over about half a million.

Reads more like a hard as nails, who nicked my pension, oi where's my bank balance gone kind of doom to me.

They keep banging on about the important points,

Government debt is over 900% of GDP.
Government spending can't contract because the people who vote in Governments are the recipients of all this tax payer largesse.

Doom is indeed coming.

RenewableCandy · Post by **RenewableCandy** » 26 Feb 2013, 22:07

JavaScriptDonkey wrote:
RenewableCandy wrote:Yes but this looks like a sort of effete, high-level doom in which your £100,000 investment portfolio is slightly compromised and you're taxed rather a lot on any salary over about half a million.
Reads more like a hard as nails, who nicked my pension, oi where's my bank balance gone kind of doom to me.

As indeed I was saying. I have precious-little pension and no savings.

If they requisitioned the house, or even doubled the council tax, that would be doom. The rest is survivable.

Post by **kenneal - lagger** » 27 Feb 2013, 02:47

RenewableCandy wrote:............ The rest is survivable.

Oh no it's not!!! Maybe if you can guarantee your health for the duration it is.

At that level of doom the NHS and pretty much everything else in the welfare department will go with it.

RenewableCandy · Post by **RenewableCandy** » 27 Feb 2013, 18:01

The article didn't even mention the NHS. Obviously all MW's punters have gone private.

JavaScriptDonkey · Post by **JavaScriptDonkey** » 28 Feb 2013, 20:47

RenewableCandy wrote:The article didn't even mention the NHS. Obviously all MW's punters have gone private.

So as long as your £100,000 investment portfolio of bricks and mortar is unaffected then nothing else matters?

Bad day?

RenewableCandy · Post by **RenewableCandy** » 28 Feb 2013, 21:24

Well put it this way: if the market price of Chateau Renewable were to halve overnight, we'd still be able to live in it.

JavaScriptDonkey · Post by **JavaScriptDonkey** » 28 Feb 2013, 21:40

What if the Government of the day decided the best way to raise large amounts of cash is to tax those people with large assets.

Assets like houses.

I think at the moment we are paying a figure of around £1billion per week interest alone.

vtsnowedin · Post by **vtsnowedin** » 28 Feb 2013, 21:41

kenneal - lagger wrote:
RenewableCandy wrote:............ The rest is survivable.
Oh no it's not!!! Maybe if you can guarantee your health for the duration it is.

.

When your health goes that is the end of your "Duration"

Catweazle · Post by **Catweazle** » 01 Mar 2013, 19:06

vtsnowedin wrote:
kenneal - lagger wrote:
RenewableCandy wrote:............ The rest is survivable.
Oh no it's not!!! Maybe if you can guarantee your health for the duration it is.

.
When your health goes that is the end of your "Duration"

I think it was John Seymour who said "use powered tools whenever possible, you only get one set of joints". Even more pertinent if the NHS folds.

woodburner · Post by **woodburner** » 01 Mar 2013, 23:14

Then you can trade one set of problems for vibration white finger. Best to stop doing things altogether. Most projects are probably only for vanity.

vtsnowedin · Post by **vtsnowedin** » 02 Mar 2013, 00:30

woodburner wrote:Then you can trade one set of problems for vibration white finger. Best to stop doing things altogether. Most projects are probably only for vanity.

Sorry fellow wood burner, I can't make any sense out of that. If I have any vanity it is that I think I and mine can survive" come what may" and all my projects seek to make it so.