Well, it sounds like the stock broker just before Black Tuesday, who received stock tips from his shoeshine boy.
That was a good indicator that there was a bubble and it was time to get out.
Martin Near The M25
21 days ago
OK so what happens when a wealth tax is introduced?
dearieme
21 days ago
We tend to donate our unwanted items to friends or to a local charity.
‘e must be a bloomin’ capitalist swine!
I think it’s more like people are going to realize that the stuff they want to sell secondhand is also the stuff everyone else is trying to flog and so is basically worth nothing.
You have only to take a quick look inside a thrift store.
Van_Patten
21 days ago
In fact, it could create something even more serious than that because, then we had one issue that tipped over; now we could have multiple issues doing so at the same time. Together, they create the risk of depression and possibly a 1930s-style recession. That is why you need to take action.
Is there any consequence to scaremongering and how is this different to the likes of Alex Jones?
You can’t reopen the Strait of Hormuz yourself.
And in other news the Pope is Catholic
You can’t control the price of shares.
Hold on – don’t we need to tax speculators across all Markets? Why are we doing that if they can’t control prices? What are we taxing?
You can’t control the future of AI, but all of those things could go wrong, as could shadow banking.
I think State control of the economy could go wrong and indeed many would argue has gone catastrophically wrong? Any chance we can stop that?
You can control some aspects of your household finances.
By giving you the money?
You can make decisions about what you’re going to do with your life. Those are the things that you need to talk about. Those are the things I’m talking about here.
You too can spend your life unremittingly preaching evil and working to reduce the country to a Socialist tyranny
In the face of uncertainty, do go for caution.
Employ Richard Murphy??
I am reminded of a quote from the Sopranos:
“They pay this chiacchierone by the word?”
Theophrastus
21 days ago
Er…
Ltw
21 days ago
“before a downturn floods the market and prices collapse.”
I’m having problems with this sentence. Market gets flooded, prices collapse, then downturn happens would make more sense to me. It just seems the wrong way round.
Of course when I see talk about second hand goods I immediately think about living in a student area, not long after I was a student. You want to get rid of that perfectly serviceable but somewhat scuffed table because you’ve bought something better, you put it out on the street. It will be gone by morning. You didn’t get any cash, but you didn’t have the friction of trying to hawk something on eBay for $50 either.
My brother was amazed when he helped me carry some stuff out at 9pm. When we brought the second piece out the first had already gone.
eBay and others dramatically improved the trading of secondhand goods because of the matching.
Anything I buy that feels like can be s/h I check eBay first. TVs, blu-rays, wine racks. I’ve bought Cognac from Drewetts auction house because I could set up alerts. And I just noticed they’ve got an auction of Leoville-Barton coming up, although a case of that might put me in the dog house.
Western Bloke
21 days ago
You should always sell your unwanted items at the moment they are unwanted. Technology, tastes change, decay. The number of items that are like first edition of the first Harry Potter is very small.
Years ago I took my gatefold (is that the word I want?) copy of Pink Floyd’s Dark Side of the Moon to a second-hand record store. Proper vinyl it was. Nowhere near a first edition, tho’. I bought it in about 1988. Still, I thought, must be worth a bit. Good condition, still got all the stickers.
What a tool.
The woman behind the counter, appreciating that I was expecting mountains of filthy lucre for my vinyl, looked at me in contempt. Had I not realised that quite a few other people had bought Dark Side and therefore that copies of it were not exactly rare …?
Everyone’s perception is based on “record price” news items and antiques roadshow.
So they think all art rises in value. Nope. The impressionists are massively out of fashion. Peaked in the late 80s. You want stunning renaissance sculpture, it’s relatively piss all.
And Antiques Roadshow doesn’t show the people who turned up with Princess Diana tat that is worthless and scenes of them crying. It’s a nice show and everyone wants to see a granny whose mum left them a Van Gogh.
KevinS
20 days ago
When I sold my house 4 years ago, to move into a one bed apartment, I found that I couldn’t give away most of my furniture (proper tree wood, not tat) never mind sell it. In fact I had to pay someone to take a lot of it away!
‘No one wants brown-furniture these days’
Even people who would be happy with it, live in small houses and old furniture is too big.
Even people with a big house wouldn’t want second-hand stuff.
Well some might, if it were a ‘real antique’; but not reproduction that would never do.
Yesterday was viewing day at the local auction house, seen a few thing worth a bid, I don’t expect to pay much.
djc
20 days ago
sell your unwanted items now to realise cash
then inflation makes that cash just a barrow-load of paper?
Is this the first time he’s understood the price mechanism?
Well, it sounds like the stock broker just before Black Tuesday, who received stock tips from his shoeshine boy.
That was a good indicator that there was a bubble and it was time to get out.
OK so what happens when a wealth tax is introduced?
We tend to donate our unwanted items to friends or to a local charity.
‘e must be a bloomin’ capitalist swine!
Prices are going to collapse?
I think it’s more like people are going to realize that the stuff they want to sell secondhand is also the stuff everyone else is trying to flog and so is basically worth nothing.
You have only to take a quick look inside a thrift store.
In fact, it could create something even more serious than that because, then we had one issue that tipped over; now we could have multiple issues doing so at the same time. Together, they create the risk of depression and possibly a 1930s-style recession. That is why you need to take action.
Is there any consequence to scaremongering and how is this different to the likes of Alex Jones?
You can’t reopen the Strait of Hormuz yourself.
And in other news the Pope is Catholic
You can’t control the price of shares.
Hold on – don’t we need to tax speculators across all Markets? Why are we doing that if they can’t control prices? What are we taxing?
You can’t control the future of AI, but all of those things could go wrong, as could shadow banking.
I think State control of the economy could go wrong and indeed many would argue has gone catastrophically wrong? Any chance we can stop that?
You can control some aspects of your household finances.
By giving you the money?
You can make decisions about what you’re going to do with your life. Those are the things that you need to talk about. Those are the things I’m talking about here.
You too can spend your life unremittingly preaching evil and working to reduce the country to a Socialist tyranny
In the face of uncertainty, do go for caution.
Employ Richard Murphy??
I am reminded of a quote from the Sopranos:
“They pay this chiacchierone by the word?”
Er…
“before a downturn floods the market and prices collapse.”
I’m having problems with this sentence. Market gets flooded, prices collapse, then downturn happens would make more sense to me. It just seems the wrong way round.
Of course when I see talk about second hand goods I immediately think about living in a student area, not long after I was a student. You want to get rid of that perfectly serviceable but somewhat scuffed table because you’ve bought something better, you put it out on the street. It will be gone by morning. You didn’t get any cash, but you didn’t have the friction of trying to hawk something on eBay for $50 either.
My brother was amazed when he helped me carry some stuff out at 9pm. When we brought the second piece out the first had already gone.
eBay and others dramatically improved the trading of secondhand goods because of the matching.
Anything I buy that feels like can be s/h I check eBay first. TVs, blu-rays, wine racks. I’ve bought Cognac from Drewetts auction house because I could set up alerts. And I just noticed they’ve got an auction of Leoville-Barton coming up, although a case of that might put me in the dog house.
You should always sell your unwanted items at the moment they are unwanted. Technology, tastes change, decay. The number of items that are like first edition of the first Harry Potter is very small.
I owned this album
Years ago I took my gatefold (is that the word I want?) copy of Pink Floyd’s Dark Side of the Moon to a second-hand record store. Proper vinyl it was. Nowhere near a first edition, tho’. I bought it in about 1988. Still, I thought, must be worth a bit. Good condition, still got all the stickers.
What a tool.
The woman behind the counter, appreciating that I was expecting mountains of filthy lucre for my vinyl, looked at me in contempt. Had I not realised that quite a few other people had bought Dark Side and therefore that copies of it were not exactly rare …?
Why, yes. I had indeed been that stupid.
Everyone’s perception is based on “record price” news items and antiques roadshow.
So they think all art rises in value. Nope. The impressionists are massively out of fashion. Peaked in the late 80s. You want stunning renaissance sculpture, it’s relatively piss all.
And Antiques Roadshow doesn’t show the people who turned up with Princess Diana tat that is worthless and scenes of them crying. It’s a nice show and everyone wants to see a granny whose mum left them a Van Gogh.
When I sold my house 4 years ago, to move into a one bed apartment, I found that I couldn’t give away most of my furniture (proper tree wood, not tat) never mind sell it. In fact I had to pay someone to take a lot of it away!
‘No one wants brown-furniture these days’
Even people who would be happy with it, live in small houses and old furniture is too big.
Even people with a big house wouldn’t want second-hand stuff.
Well some might, if it were a ‘real antique’; but not reproduction that would never do.
Yesterday was viewing day at the local auction house, seen a few thing worth a bid, I don’t expect to pay much.
then inflation makes that cash just a barrow-load of paper?