From: Adam Randall
I was reading somewhere that any interest rate rise at present has roughly double the impact of any interest rate rise in the late eighties due to household debt being double now what it was then.
Also if I had some spare money at the moment and I had half a clue about shares I think now would be a good time to buy some. The company I work for had a share price last year of about 1.35 now its about 28c. Last year the price to earnings ratio was about 95. That means it would take 95 years for the share to pay for itself, at the moment the price to earnings ratio is about 9 which is pretty good, a bargain even. Makes me wonder what the hell people were thinking last year. Itwould be the equivalent of a 100000 house getting $20 rent per week, compared to now where it is the equivilent of a 100000 house getting $213 per week.
ps im not good with maths a mistake is possible
I was reading somewhere that any interest rate rise at present has roughly double the impact of any interest rate rise in the late eighties due to household debt being double now what it was then.
Also if I had some spare money at the moment and I had half a clue about shares I think now would be a good time to buy some. The company I work for had a share price last year of about 1.35 now its about 28c. Last year the price to earnings ratio was about 95. That means it would take 95 years for the share to pay for itself, at the moment the price to earnings ratio is about 9 which is pretty good, a bargain even. Makes me wonder what the hell people were thinking last year. Itwould be the equivalent of a 100000 house getting $20 rent per week, compared to now where it is the equivilent of a 100000 house getting $213 per week.
ps im not good with maths a mistake is possible
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