Brexit...STG down...Stocks down..outlook for Classic cars in UK? | Page 2 | FerrariChat

Brexit...STG down...Stocks down..outlook for Classic cars in UK?

Discussion in 'Vintage Ferrari Market' started by Ferrari 308 GTB, Jun 23, 2016.

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  1. Ferrari 308 GTB

    Ferrari 308 GTB F1 Veteran

    Feb 21, 2015
    7,730
    Tropical
    #26 Ferrari 308 GTB, Jun 30, 2016
    Thanks for the link..that pretty much sums up what most peeps seem to think for now,so long as we dont descend into unknown territory in the next couple of months due to things like the Turkey attack etc spreading around the world.

    Interest rates globally look like being low ,for some time into the future and there is still a lot of cash floating around looking for a home.
     
  2. ferraripete

    ferraripete F1 World Champ

    Nov 5, 2003
    11,560
    san diego/charlotte
    #27 ferraripete, Jun 30, 2016
    Thank you for this post. And while we're at it we should note the DOW is "down" around
    ~17,900...:)
     
  3. ferraripete

    ferraripete F1 World Champ

    Nov 5, 2003
    11,560
    san diego/charlotte
    #28 ferraripete, Jun 30, 2016
    See my previous post. The DOW sits similarly.
     
  4. greg 19425

    greg 19425 Formula 3

    Jan 6, 2011
    2,471
    Wake Forest, NC
    Full Name:
    Greg
    #29 greg 19425, Jul 1, 2016
    Looking for a real cheap 365 BB, if anyone wants to sell or trade for a 308? :)
     
  5. Simon1965

    Simon1965 Formula Junior

    Feb 8, 2011
    268
    HKSAR
    Full Name:
    Simon
    #30 Simon1965, Jul 3, 2016
    All the wailing and nashing of teeth is quite amusing. Almost no change as a result of this. UK and rest of the world was likely slipping into a resession before this vote anyway. net results is that the UK will have one.

    Also likely that the BOE cuts interest rates and the fed won't raise this year so the wold moves towards zero rates. In some places negative. That is generally good for assets. So asset inflation continues for another 3 - 5 years. Yes it will end badly when it ends. But until then it will keep going up
     
  6. 166&456

    166&456 Formula 3

    Jul 13, 2010
    1,723
    Amsterdam
    #31 166&456, Jul 8, 2016
    If interest rates keep on going where they are now, soon you might actually receive money if you take out a loan to finance that Ferrari... now that would be a new game in town.
     
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