wren
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Posts posted by wren
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Short covering on its way.....
CNBC says gold might drop below $800
http://www.cnbc.com/id/15840232?video=648598945
and when they say sell...................I say BUY BUY BUY
No thanks for the link.
It fecked up my screen settings entirely. :angry:
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I rejoiced when she was toppled from power - there was a strange feeling - total strangers standing in shops in front of TVs talking about it... but when I look back, with the benefit of hindsight, I feel she did what needed to be done at the time. If you look at most of the tory policies from the early 1980s now they seem pretty uncontroversial.
I am no longer sure whether there will be rejoicing when she dies. I think many people will look back with similar feelings.
I remember jumping with glee when I heard she was voted out. I hated Maggie, but now I can see that she did some useful things but went too far I think in some areas.
It's worth remembering that the last housing bubble (late '80s) was during her long premiership. But I don't see how she can be held responsible for this one and the last 10 years under NuLabour.
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Good. Less farmer suicides.
Food is important. Might I say food is very important!
Hail, the good farmers!
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But seriously, one has to consider the disflationary aspects of holding gold.
If your Krug, or Eagle or indeed Britannia Sovereign gets smaller, you should be seriously worried.
Although seemingly not geographically correlated, there are worrying individual cases of bullion disflation.
As far as we can presently discern, these are cases of misconstrued bullion disflation (or loss as some say), which the local authorities ascribed to pixies.
So take care and keep your stuff in a good pixie-proof container.
100% correct guaranteed. Protect yourself.
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Aye, but the Scots remain by blood, not oil alone:
Highland Cathedral is a nice tune:
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Because of public demand:
<snip nice graphs>
Bless you, Mr Goldfinger, for your generous efforts.
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for the cerebrally challenged among us(ie me and dogbox
) -how are scatter plots read or could you link me to somewhere i can find out please?Indeed, Mr Goldfinger, might you (systematically) colour-vary the dots by time?
These scatter plots seem not so difficult to incogitate when you know (or in my case guess) the old price versus time plots.
(Is incogitate a word? It's my play after excogitate, a word which for me has always been an Aldous Huxley word.)
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Not to mention capacity to delay immediate gratification for a greater later reward.
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Are we to put housing under democratic control against the will of people. Is it that the people fail to realise what they actually want deep down, and would understand if they were rational?
A masterful explanation.
Liberté, fraternité, égalité...
et la Mortgage!
On edit: changed "ou" to "et". More accurate, you see.
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In my opinion the only sure way to stop another Tulip craze with patios is to remove the market from the equasion, and put housing allocation under democratic control.
The market is the problem not the solution.
Allocation according to (Party determined) rank may be forthcoming, Soviet style. Is that want you want?
(While noting that everybody is equal under such a democratic Soviet system
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A responder just a little down that thread mentioned a massive increase after a rate reset. Forced to go interest only, he said.
These things are like Venus mortgage traps.
The irresponsibility of lenders is criminal. Debt is slavery.
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(Didn't have time to read this whole thread.)
But does Joe Public know how to calculate compound interest?
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Isn't the whole monetary system one of, in its very essence, negative amortization?
Nice to see it in the open, showing its true colours.
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The "house price and debt crisis" is not an accident. It takes a lot to build bubbles like these. The bankers and their politician pawns have worked at it for many years. Of course, they will pretend it was unforseen while even (some few) non-financial professionals could see what was coming and were screaming about the dangers.
Debt is slavery.
That was the objective.
"Oh dear, the system is broken, we need a new one. Here's a great new world one."
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What credibility?
Well, he has kept up some focus on this site on fundamental problems with the financial system and provided at times interesting links.
Admittedly in a somewhat hysterical tone. Maybe he really is she.
..okay, ladies, I'll get my coat.
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I may have missed it but has cygno out and out confirmed that the warning related to the US banking reserves?
If I remember right cgnao's only link to info concerned the Japanese statement (saying that a statement would be made to calm global financial markets: so they are clearly bricking themselves), but likely he had your reference in mind.
The negative in the reserves was linked by others, and well advertised on other places on the net.
I like cgnao's posts mostly, but starting a thread with an obscure general warning and not within reasonable time providing some degree of explanation is pointless (and exhibitionist really).
So, cgnao, take a slap on the wrist. Don't undermine your credibility so.
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Property doesn't belong in a consumer price index, anymore than the FTSE 100 or the price of gold sovereigns belong there.
Housing costs are an important part of people's real costs, whether as OO or tenant. Some sensible balance incorporating housing costs (some weighted measure of the two) is necessary for any CPI which isn't oxshit.
The simplest solution is just some rational lending controls. Maximum 3 or 4 times salary, minimum 10 or 20% deposit, maximum 25 year term, etc. In other words all the sensible standards lenders would have if they weren't driven by absurdly risky competitors like Northern Rock, and all the sensible standards depositers would insist upon if they weren't given a blank cheque guarantee by the government and tax payers.As we're clearly bankrolling Northern Rock's cavalier lending approach as taxpayers, then we're entitled as taxpayers for the government to safeguard our money by enforcing prudent lending criteria.
I agree with such rational lending controls.
However, bubbles lead to massive transfer of wealth. TPTB will do it one way or another unless a fair and stable money system is reintroduced, along with stringent controls of paper assets.
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It's a long time since I've had to work directly in assembler but it's still essential to understand in our line of work (games).
A fairly recent point of extreme frustration was dealing with people who only think in "C++" (like they've been taught to at college?), when the compiler didn't handle vector register allocation properly for classes ... requiring we dropped back to C style intrinsic functions, typedefs, and even (shock horror) #defines !
I've heard some say that come 20 years or so when (presumably) things like C++ and C# are way out of date having been ousted by other things, C will still be in use. Is this true? (I'm not a computer scientist.)
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Here's my attempt....
Nice, but the word "correct" is missing. Doesn't have quite the same ring to it.
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So why did this happen?...
It might be growth prospects. Some seem to be expecting economic growth in the Eurozone to underperform the USA: therefore less demand for euros relative to the dollar. Then the euro would drop relative to the dollar.
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It's gobbledegook time again
I know it looks strange but they may have a reason. Notice it says "medium term". Interest changes take many months to take effect. I think they have an idea that 12 months and more out, other factors may tend to reduce inflation, and they aim to counter that.
I'm not saying they are right but that could be the plan.
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Tough year for BP, due to safety problems in Texas and Alaska. They've fallen behind their peers, so they've announced the (old strategy) reduction of fixed costs. These losses are expected to be in the numerous management layers.
For you market watchers. Still a good mid-long term prospect, excellent reserves, increase in R+D expenditure and a cut throat board
Had to laugh, after they announced 5k job losses and an increase in the divi, share price increased 3%. Only for the Dow to open and wipe everyone out - it's a freekin' jungle out there!
A hard year with fines of $423 m - not that much really relative to their overall (down) profit of $17.29bn - marking a 22% fall on 2006 .
But oil prices way up at $90. What's their problem? First victim of a sunset industry?
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a tax on money.
I believe such as scheme was used regionally in Austria, way back when, and worked reasonably well.
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Keep calm, now.
It probably isn't a conspiracy against you.
But who knows?
Gold
in Gold and other precious metals
Posted
No hard feelings. Just a pest as I had to reset everything a few weeks ago when this happened. It presents a little challenge, as my system is all in Finnish.