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About Maggot_with_halitosis

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    I smell
  1. After one week of capital controls, and the uncertainty that accompanies it, the Greek people will have had enough and will go with the "better the devil you know" option to stay in the Eurozone. They've been suckling at the teat of German largesse for too long. The troika will then proceed to make a point to the other PIGS nations - pour encourager les autres - what happens when you upset Oz the mighty, Oz the powerful, Oz the merciful (hint: think grit in the lube). Sorry, but I just can't see Tsipras' government being the ones to re-adopt the drachma. I really hope I'm wrong, though.
  2. Long time no see UKDS, hope things have been getting better for you in the last few years. I've been posting as THEBIGMAN for several years but haven't visited until today for quite a while. There's a lot of waiting going on... As the old saying goes, "If something doesn't happen soon, then something's gonna happen". A while back, the Arab spring was in full force. Upheaval has now moved closer to Europe - just look at Ukraine. Perhaps Europe is next. It's like early 2007 again; houses are still crazily priced in the UK, propped up as they are by financial repression (QE/ZIRP). Stocks look ov
  3. At the bottom, robots are flipping better burgers. At the top, sophisticated Bayesian inference engines analyse securities and can potentially offer better risk/reward than star fund managers. The future doesn't look too bright for unskilled workers. Or anyone else, for that matter. Significant change is faintly in the air. Bring it on.
  4. I saw the title and immediately thought of this: http://news.bbc.co.uk/1/hi/talking_point/2657849.stm ...Ten years later... http://www.bbc.co.uk/news/uk-england-nottinghamshire-22467155 FFS!
  5. Max Keiser? Seriously? InfoWars? Seriously? Alex Jones? Seriously? Oh, c'mon, you're just taking turns to vigourously pull my wee-wee, right? Right?
  6. No problems there: Those dividends have to be either spent or re-invested. The alternative of sticking it under the mattress loses you spending power through inflation. The problem is that the fantastic profits were just that - fantastic. As in a fantasy. An illusion. Short-term profits at long-term expense, encouraged by a short-term bonus culture. Hence the CDOs, mortgage backed securities, derivatives built on derivatives; opaque products built on toxic debt which would inevitably eventually default. Hence the ramping up of credit to all and sundry: Hence the pound-and-a-half of junk mail
  7. France'll be next under the spotlight. When it's Britain's turn to be held to account by the bond market, expect the UK debt-to-GDP ratio to "fix" itself "by magic", as illustrated here: http://www.moneyweek...-writeoff-60900 ...at which point, those on fixed incomes will really feel the pinch in order to pay for fifty years worth of bribing the feckless, flipping second homes, refurbishing the duck-ponds, starting futile wars in the middle east and bailing out senior bank executives in exchange for a cushy executive role on the board a few years later. I wonder which side will work out
  8. "Our Debts Are Not A Burden On Future Generations!" Next time you hear some absolute half-wit spout such utter drivel, consider what is happening in Greece: People are going hungry. The reason is ultimately because their government has, over many years, taken on increasingly absurd levels of debt in order to bribe an increasingly nanny-state-dependent electorate. They cannot devalue their currency (i.e. print money) to welch on their crushing debt because they joined the Euro - hence giving up control of their currency. Thus the increasingly onerous debt burden means there's less left over to
  9. Read: - Ed Miliband in extremely sanctimonious, borderline hypocritical smelly patter shocker Next week: - Large Bear brazenly defecates in private forestry commission backyard shocker - Pope Benedict finally exposed as a Catholic contrary to popular expectation shocker EDIT: corrected
  10. No less a luminary than Terry Smith of Tullett Prebon would appear to be in full agreement with you. http://www.terrysmit...for-growth.html Whilst this book is quite old and many of the exploits have now been outlawed, there's plenty of new dodges going on that distort the accounts, for example: http://www.terrysmithblog.com/straight-talking/accounting-for-growth/page/2/ This post was audited by Arthur Anderson and contains £5 of goodwill and other intangible assets. Please send the money to me c/o HPC...
  11. When bovine Britain votes Labour back in - as they will when Millipede releases a manifesto proposing a massive state expansion to eliminate unemployment, then he'll probably make the UK join the Euro clown show (don't expect a referendum, silly! These guys went to Eton, Harrow or Charterhouse too - so they know better than us oi polloi). At this point the Germans will pull out of the Euro leaving UK with the legal obligation to pay off the outstanding national debt of France, Italy, Spain and Portugal (but not Greece - that wouldn't be fair). 100% Guaranteed
  12. Don't mess with me, nincompoops. http://www.bbc.co.uk/news/business-18005296
  13. Giving shareholders the ability to effectively vote down excessive executive pay-rises will fix this. The fact that shareholders - supposedly the owners of the business - have next to no say in the remuneration of the executives is, quite frankly, farcical. No wonder the FTSE's no further up than it was 15 years ago!
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