any time there is a stock market crisis, people sell their stock and buy gold. Gold is a tangible asset that will always be worth something

Interest Rate Cut to 0.1%
Bank Of England

Friday Final NYSE
Monday it's Online only.


Worldwide assets are ditching the Pound
for the Dollar.

Bank Of England Quantitative Easing is being pumped
into the markets
But the Markets are sticking to the Dollar.



PAYE system needs to be changed

You can't really go by standard measures at the moment; the relative values of currencies are going to be all over the place because this is global. e.g. the pound is currently down against USD but at some point the USD is going to fall off a cliff as well, increasing the relative value of the pound. As for the Euro, who knows? An interesting test for the single currency I suppose, as to whether or not it's able to stay more stable due to being used all across Europe. Could theoretically be the opposite of course if one of the major contributing countries hits a wall (as it'll take other less affected countries with it).

Yes Mega Cash also pumped into the €uro.
As Italy and Greece are in a terrible Financial state

Greece is inconsequential, Italy is a hit but shouldn't rock the boat too much. If Germany and France hit the skids the whole EU is in major trouble, they'll take every smaller EU nation with them.

Yes Macron doing his best to stop that

The Final NYSE opened with 4 Doctors today

From Monday that building is closed
as it all goes online.


Oil is still falling
30 bucks a barrel is cheap

The Temp NYC Stock Exchange Online Only
just opened.

Down a bit.

The Online Only
NYSE opened up a few points
based on the $2Trillion support deal getting passed
a boost for today Only


The USA CEO of Burger King International , Popeyes (Jose Cil)
he applauds Washington on this.
He is giving away 200,000 School meals free
via the app.

Crude Oil Barrel now at mega low price of $20

Its about time our Petrol Stations
lowered the price , again.

We filled the tank 10 days ago @ £1.18/litre (Diesel. Yes we are filfy pigs!) and yesterday when we went to Tesco it had tanked to £1.03. Could have saved a few £ :fist:. We still have basically a full tank though, saving a good £50/week on fuel at the moment anyway.

As they were before

The timing of Brexit in terms of this is so bizarre that it feels like a pre-written plot sometimes.

Britain will find it harder to stabilise in the aftermath without the weight of the EU. At the same time, the EU has lost one of its core 4 contributors without the UK and Italy is probably going to tank badly, leaving Germany and France to prop up the entire EU. I don't know if that's sustainable. There's probably going to be a complete global economic shift in the wake of Covid.

Frustrating thing is we will now NEVER really know the economic impact of Brexit. It will be impossible to tell.

the terms of trade will now be completely different too, with everybody needing to trade like never before to get their economies going. It wouldn't surprise me if standards are suspended for a while as well. Cheap old **** will be the order of the day

To be fair, cheap brand new **** has been the order of the day for the last decade.

The Oil Crude has crashed
below Zero


Ch4HD news reports.


https://news.sky.com/story/us-oil-pr...story-11976165

all those that bought oil futures are frantically trying to get rid of it before they have to pay storage costs

I have binned 2 cans of wd40

:worry:

WTI Crude Oil
$16,99

Brent Crude Oil
$21.59

Todays Oil Prices slight rise
but there is still a massive lack of demand.

Ref:CNN HD Business