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About darkmarket

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  1. Indeed. They should make him go back and retract his advice with his tail between his legs, in the face of such insolence.
  2. "In a speech at Threadneedle Street, Mark Carney said he had spoken to the top bosses of the major banks last week to tell them they should not feel under pressure to fire staff for making similar errors." https://www.theguardian.com/business/2017/mar/21/carney-deputy-should-not-have-had-to-quit-over-honest-mistake Looks like his charming way of saying f*** you to the Treasury Committee.
  3. Your juxtaposition is flawless.
  4. For a hard fork to occur, there would need to be 80% of the hash rate signalling support for BU. This is unlikely to occur, despite what the CEO of Bitmain and a lot of media hype claims. Not to be unkind, but this is a bad analogy. Nobody's proposed a removal of the 21 million cap, and that proposal would never reach consensus. The difference between Bitcoin and Ethereum is that in the latter there is one person who decides which chain is the 'real' one, so consensus is fragile and open to corruption. Bitcoin uses the chain with greatest proof of work that adopts protocol consensus.
  5. Most of these have been on the market for a few years now. They haven't proved popular because residents reported high levels of anti-social behaviour and crime in the area. There may actually be a thread on here about the development.
  6. "But after a hearing on Tuesday when Ms Hogg was questioned about her adherence to orthodox Bank thinking, the MPs expressed concern there should a greater range of views in the Bank's senior ranks. "We are concerned about the need to develop diversity of view at the Bank and the need to maintain vigilance to counteract groupthink," the committee said." http://www.belfasttelegraph.co.uk/business/news/mps-warn-bank-of-england-about-groupthink-after-deputy-governor-appointment-35494810.html Great diversity of opinion was shown today and I am convinced.
  7. I suspect we'll hear about negative equity again too a bit more in the near future.
  8. Remarkable media blackout. Belfast Telegraph didn't quite manage the homepage, just this: http://www.belfasttelegraph.co.uk/business/news/northern-ireland-house-prices-on-rise-but-supply-remains-a-problem-35513817.html Final paragraph, one line and even that contains a reporting error: "Meanwhile, Ulster University's house price index last month said average prices were £150,778 - a decrease of 1.3% compared to the same period last year." Thank god for free markets and a free press: https://www.google.co.uk/?gws_rd=ssl#q=ulster+university+house+price+index&tbm=nws&tbs=qdr:m&* Belfast down 4.2% YoY and not one mention anywhere.
  9. UU Q4 2016: https://www.ulster.ac.uk/__data/assets/pdf_file/0008/150749/q4-2016.pdf PR: https://www.ulster.ac.uk/news/2017/february/ulster-university-research-reveals-a-slowdown-in-northern-ireland-housing-market -1.3% YoY -2.6% QoQ Belfast: -4.2% YoY Contraction begins. No wonder this wasn't picked up by the media.
  10. Tyrie confirmed on The World At One that the wider investigation now underway would include consideration of Carney and culture at the Bank. There's also the ongoing inquiry into the effects of QE and other stimulus measures at the moment, which doesn't sit well with the comments from Hogg quoted above by hotairmail.
  11. Committee's view on her professional competency was affected by her failure to comply with a code of conduct she wrote herself. That does implicate her line manager, who presided over both the implementation of the code and her appointment.
  12. Excellent idea. Works best if everyone does it at once.
  13. I can try a few: If other countries he sees as manipulators allow their own currencies to be strengthened, the dollar would be weakened on the pair. That's the approach Trump has hinted at most strongly. He wants a stimulus package that may lead to more upward pressure on rates, but not a rate hike in and of itself. This would allow them some room for a monetary policy response to an economic shock. As it stands, they have few tools to tackle a crisis. Inflation, GDP and employment are all rising in most of the major EU economies. It's recommended to raise rates in advance of inflation spikes for a smoothing effect - even Yellen is considered to be acting at the last minute, if not later. Some of the inflation in the EU may be imported from the US, but most is probably due to ECB stimulus and unsustainable lending.
  14. Good example of the mean / median difference. It's such a basic element of any calculation that it's hard to see choosing to use the mean as anything other than deception. It's not some lurking variable in a complicated ONS analysis, it's a brute-force way to jack up the average earnings. The revision of the previous month is at least a bit more subtle, though it still requires a complicit media not to point out the potential for misrepresentation. Nevertheless, 0.1% isn't going to draw in the herds looking for capital gains.
  15. Quite an interesting committee session indeed. Habgood conceded that the only person who could have actually taken disciplinary action was Hogg's line manager, Mark Carney, in conjunction with HR. Tyrie and several MPs pointed to wider governance issues. Today's articles and the call for resignation were focussed on Hogg, but when the focus moves to wider governance, it'll inevitably and rightly return to the Governor himself. It also marks another session of increased tensions between the Treasury Committee and the Bank, so given the timing I'd say this story has some legs. The blatant attempts by everyone involved to find a gentlemen's way of avoiding stating the obvious, that the brother could very well have been profiting from confidential Bank information over a period of years without any repercussions or preventative measures, were fairly nauseating.