The first domino?

Bill the Bass

Member
Livestock Farmer
Location
Cumbria
Looks like this large Chinese owned property firm is struggling and won’t be bailed out by the state. Is this a sign of the first domino in another 2008 style collapse? With an average uk house price of £220k+ and soaring inflation some type of correction seems quite likely.
 

vinnie123

Member
Location
dorset
Looks like this large Chinese owned property firm is struggling and won’t be bailed out by the state. Is this a sign of the first domino in another 2008 style collapse? With an average uk house price of £220k+ and soaring inflation some type of correction seems quite likely.
Time will tell......scary numbers quoted in that article 🙈
 

Bill the Bass

Member
Livestock Farmer
Location
Cumbria
Yes, the potential fuel bailout and foodbanks is symptomatic of household budgets being overburdened by housing costs which are completely ridiculous and out of all proportion. How do you fix that one?

I don’t know, but I wouldn’t say housing costs have increased per se, in fact cost of mortgage debt for those on tracker mortgages is still lower than pre pandemic levels, rents are probably too localised to put a figure on. But household income has definitely been squeezed with energy and fuel costs. My BiL has just bought a house, They already have one in another town that they didn’t sell due to being in negative equity - I worry for them, however his in laws are very wealthy people so ultimately they will be fine but I am sure there will be a lot like them out there not so fortunate that may well get ‘called in’.

I just think there is far too much money sloshing around artificially pumping the value of property.
 

Kiwi Pete

Member
Livestock Farmer
Yes, the potential fuel bailout and foodbanks is symptomatic of household budgets being overburdened by housing costs which are completely ridiculous and out of all proportion. How do you fix that one?
"have you tried turning it off, and switching it back on again" is likely, IMO with few fiat currencies being tied to a standard (gold, silver) then a real life crash is looming

you have played Monopoly? you know what happens .
 

DaveGrohl

Member
Mixed Farmer
Location
Cumbria
I don’t know the exact figure but here it goes, heard it on a podcast
40% of America’s money has been created in the last 12 months
Yup. And every country is at the same game. First time in history that this has been tried as an experiment. When it’s just been single countries previously the result has been inevitable. This time? Christ knows.

The sweeping of 2008 under the carpet by the idiots in charge like Gordon Brown has only resulted in the same thing inevitably happening again, except this time it will be much worse. Throw in climate change financial lunacy and the poo is really going to be spread far and wide. When will this happen? Don’t ask me, I’m but a simple peasant.
 

Flatlander

Member
Arable Farmer
Location
Lorette Manitoba
Governments want inflation I think. They are better taking their% in tax from higher wages than lower. Also any government debt becomes less as everything else increases in value. Here there was a scheme that the giver ent would lend farmer and businesses up to 60k but 20k of that was forgiveable so only 40 to repay at zero interest over 5 years. Catch was the forgivable part was taxed at higher rate as it was unearned income. Also if it was deemed later that you never met the criteria and weren’t struggling to stay afloat financially it could all become repayable. My accountant said it’s an invitation to be investigated in the future and nit to touch it. We had two rental house and sold them recently. Wasn’t our long term goal to sell but with house prices skyrocketing it seemed crazy not to part with them. Bust follows boom.
 

Bill the Bass

Member
Livestock Farmer
Location
Cumbria
I don’t know the exact figure but here it goes, heard it on a podcast
40% of America’s money has been created in the last 12 months
18% of all dollars in circulation were printed in 2020, I would assume similar in 2021, so no reason not to believe the podcast I would say - frightening.
 

egbert

Member
Livestock Farmer
Looks like this large Chinese owned property firm is struggling and won’t be bailed out by the state. Is this a sign of the first domino in another 2008 style collapse? With an average uk house price of £220k+ and soaring inflation some type of correction seems quite likely.
While I absolutely share the suspicion that a massive re-adjustment is upon us, I wouldn't judge too much on the headline here.

Anything big in China has to appease the state - which the article says down the bottom, this outfit is not.
Equally, if it's shares are suspended in HK...that might be something to do with Chinas interreference in HK (I'm hazy on how such thuings work, but clearly there are things afoot there)

Hey ho.
We'll see.
'Be ready' when you think it's happening is the best plan.
 

GeorgeK

Member
Location
Leicestershire
A fair chunk of government debt is index linked to inflation and yields rise with CPI/RPI so it's not as simple as inflating all our debt away. We have boxed ourselves into a corner with amount the country has borrowed on the back of a weak economy. All there is left to do is continue to print and borrow money and generally cook the books until the wheels fall off however long that may be
 

SFI - What % were you taking out of production?

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    Votes: 80 42.3%
  • Up to 25%

    Votes: 66 34.9%
  • 25-50%

    Votes: 30 15.9%
  • 50-75%

    Votes: 3 1.6%
  • 75-100%

    Votes: 3 1.6%
  • 100% I’ve had enough of farming!

    Votes: 7 3.7%

Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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