Effect of cost of living crisis on trading?
Any views? My thoughts are that when winter sets in and heating bills rocket, there must be a lot of recreational gamblers cutting back on non-essentials or even stopping betting, leading to a significant reduction in market turnover.
If the global financial crash of 2008 had no negative impact on liquidity I doubt the cost of living crisis in winter will, if history has taught us anything liquidity will only improve the harder times get in the wider world, the only caveat being the additional checks that are now in place
I must admit I don't remember it. I was just getting into trading at the time. But I don't think that resulted in millions struggling to make ends meet or put food on the table.Dallas wrote: ↑Thu Aug 25, 2022 7:31 pmIf the global financial crash of 2008 had no negative impact on liquidity I doubt the cost of living crisis in winter will, if history has taught us anything liquidity will only improve the harder times get in the wider world, the only caveat being the additional checks that are now in place
Previous dips in sentiment didn't affect the markets. But I am wondering what will happen this time around?
Putin looks like he is waging an economic war on the west and it looks like it will be a process of attrition with statement in Ukraine and sanctions and sky rocketing gas prices.
Sentiment will be poor during winter you would think. Affordability has obviously had an impact if you look at all the sportsbook numbers that have been published.
GUess we will have to wait and see!
Putin looks like he is waging an economic war on the west and it looks like it will be a process of attrition with statement in Ukraine and sanctions and sky rocketing gas prices.
Sentiment will be poor during winter you would think. Affordability has obviously had an impact if you look at all the sportsbook numbers that have been published.
GUess we will have to wait and see!
-
wearthefoxhat
- Posts: 3219
- Joined: Sun Feb 18, 2018 9:55 am
The cost of living crisis along with double digit inflation (probably higher interest rates to come) along with the affordability checks, seems to be a perfect storm for "gambling" overall. Trading needs new customers to deposit and churn their money,, but it will only last for so long. It's hard to compare 2008 because the banks fucked everyone and knew they could get away with it, although there were one or two casualties.
However, not all forms of gambling are affected.
Poker is hitting all time high numbers in Europe. The recent EPT (e5.300 buy in) smashed all records. In the UK this weekend, Grosvenor Poker are running The Goliath Poker Festival that is likely to exceed a £Million prize pool for (£150 buy in) It's being held at the old Ricoh Arena - Coventry, of course I'll be trying to qualify for Day 2.
The recent WSOP was a big success in Las Vegas, with next year the records expecting to be smashed too. Mainly due to mostly all Covid restrictions being lifted and flights to be back to some normality.
Poker is primarily a cash business, so maybe that's the attraction.
However, not all forms of gambling are affected.
Poker is hitting all time high numbers in Europe. The recent EPT (e5.300 buy in) smashed all records. In the UK this weekend, Grosvenor Poker are running The Goliath Poker Festival that is likely to exceed a £Million prize pool for (£150 buy in) It's being held at the old Ricoh Arena - Coventry, of course I'll be trying to qualify for Day 2.
The recent WSOP was a big success in Las Vegas, with next year the records expecting to be smashed too. Mainly due to mostly all Covid restrictions being lifted and flights to be back to some normality.
Poker is primarily a cash business, so maybe that's the attraction.
Zahawi says they're extremely unlikely but they're preparing themselves in case. But they also say they can reduce taxes, borrow more and still reduce the debt!
If we have a very bitter winter, and it's sod's law that we will, I can see blackouts and Truss having one more thing to blame the country's problems on.
I dont know, I think people always find the money for 'essentials' like drinking and trading
Derek27 wrote: ↑Wed Oct 12, 2022 7:34 pmZahawi says they're extremely unlikely but they're preparing themselves in case. But they also say they can reduce taxes, borrow more and still reduce the debt!
If we have a very bitter winter, and it's sod's law that we will, I can see blackouts and Truss having one more thing to blame the country's problems on.
cough - invertor and battery bank. jokes aside, pet project of mine and altho i appreciate that not everyone can be ar$ed with the research and implementation (and also, we're still not in an affordable realm for creating our own power), we are in the UK blessed with such a diverse set of natural phenomenon as to allow us to follow good research on this topic.
small steps each time, but this summer, i fitted out our camper van with solar panels and an invertor - weirdly to allow me to WORK offgrid!!. Next steps, negate the NEED for work and use this tech for lifestyle support in terms of entertainment, rather than basics..
ok, reality calls...
I never thought batteries would have much power in my lifetime. I remember buying a set of AA nickel-cadmium cells in the eighties. I charged them up, had a good shave, the next time I tried to shave it lasted 5 seconds.jimibt wrote: ↑Wed Oct 12, 2022 8:44 pmDerek27 wrote: ↑Wed Oct 12, 2022 7:34 pmZahawi says they're extremely unlikely but they're preparing themselves in case. But they also say they can reduce taxes, borrow more and still reduce the debt!
If we have a very bitter winter, and it's sod's law that we will, I can see blackouts and Truss having one more thing to blame the country's problems on.
cough - invertor and battery bank. jokes aside, pet project of mine and altho i appreciate that not everyone can be ar$ed with the research and implementation (and also, we're still not in an affordable realm for creating our own power), we are in the UK blessed with such a diverse set of natural phenomenon as to allow us to follow good research on this topic.
small steps each time, but this summer, i fitted out our camper van with solar panels and an invertor - weirdly to allow me to WORK offgrid!!. Next steps, negate the NEED for work and use this tech for lifestyle support in terms of entertainment, rather than basics..
ok, reality calls...
Then I saw an article on Tomorrow's World about a sodium battery that might one day power a car. They were right, they just got the metal wrong. Lithium batteries have come a long way and you've even got battery banks that can power a village.
People who say it's not windy enough in the UK for wind power should get out more or take up smoking, they'll start noticing the wind then!
And then you've got tidal power. As reliable as the moon's orbit around the earth, massive reservoirs of water getting filled and released on demand to produce electricity. So I agree, there are plenty of options and natural inexhaustible supplies of energy we need to explore and utilise.