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Everything posted by JustYield

  1. Why? What's your premise? I don't understand how knowing various publications house views (even if they have one view) can possibly help you in the markets [if that is your aim].
  2. A brilliant post in a brilliant thread. Proper HPC. Reform of the rental sector is long over due but it's a 51:49 thing, as said above. I'd like to see the choice of renting or owning the asset in which you live (and hopefully raise a family, put down roots in the community (or whatever)) becoming 'neutral' - which would mean assets losing a hefty ownership premium hence it is not likely until demographics forces it. A large part of the asset price inflation comes from the stick - renting is relatively shit. The carrot is that asset prices (at worst) will be supported. Because renting is shit...
  3. Did they not have that? (Whatever it is, sounds important.) The chiefs of these banks should be required to have some banking qualifications too - the HBOS guy was from Asda wasn't he and Fred famously failed his O level maths. (OK I made that last bit up, but it wouldn't be surprising.) Full disclaimer: I did not read the article linked in the OP. I may or may not do so in due course. Hell, we're all winging it these days...
  4. The UK really is just some awful New Year's eve party where if you don't join in the Aga Do conga with full commitment you're considered a sad loser.
  5. Good point. I've said for years that the younger generations will not have the income to support current asset prices. The ratios are out of whack. What a surprise.
  6. I'm reserving my place here, for this is truly an historic thread resurrection that will be talked about for years to come.
  7. His jubilee idea seems to be raising the tide for everyone, but crucially it allows those in too much debt to hang on to their assets (it wasn't their fault they over-extended according to him) while the prudent savers are left with more cash but are still short the assets that the imprudent snaffled up. His proposals for limiting banks ability to "create money" and in particular restricting the multiples for secured lending for houses are very good (but too late) and his secondary market trading ideas sound a bit meddlesome to me, with who knows what unintended consequences. He's good, but he over reaches and sometimes shoots from the hip (cf. the Ireland radio interview - holy moly ). (Mod pls merge Keen threads.)
  8. Suddenly the door opens and all you have to do is walk through it.
  9. Pfffffft! What are you like?! Here's the thread: martin lewis graces HPC
  10. Well, there are times when you are more concerned about the return of your capital than the return on it.
  11. The pedants are revolting. I was "acting out" because I'm jealous at all the tax-code knowledge some posters have at their finger tips. I'm also continually amazed at the lengths the tax office will apparently go to to prevent "honest" preservation of wealth within a family while they leave massive tax avoidance (through offshore ownership of property etc) untouched (presumably because it is outside their jurisdiction - why?!).
  12. Um... "We will not track individuals' data (unless we've asked you, where it's necessary for a specific service) nor will we ever sell it to third parties, or without the individual user's permission, pass it to MoneySupermarket. " Anyway, good for him, just shows everyone it is possible to become comfortably rich (on the Felix Dennis scale) with excellent execution of a good idea. Hopefully he's managed to remain a reasonably nice guy too. I note there's a 3 year lock in for him, there is an earn out of 50% of the potential deal value based on meeting site growth targets and it has to pass the regulators before closing... so he's not quite free and clear yet.
  13. In the pink paper: James Gorman, Morgan Stanley chief executive, dismissed outrage over Facebook’s botched initial public offering, calling investors who had expected immediate gains “naïve” for having “bought it under the wrong pretences”. ... He said traders should not have expected the immediate “pop” that smaller internet IPOs have enjoyed and any that did “were both naïve and bought it under the wrong pretences”. Mr Gorman also pinned blame on Nasdaq for sowing “confusion” on Facebook’s first day of trading due to a trading systems glitch which meant that some traders did not know for several hours whether their trades had been honoured. Pressure on Morgan Stanley could abate if Facebook’s stock rallies further. Mr Gorman alluded to this hope, saying, “Give this a little bit of time ... We’re only on day eight here.” His point seems to be "It's your problem now. And by the way you lied to us about your intentions - you said you wouldn't sell it at the first opportunity!". He has some valid points but LLet your losers ride and hope for the best is not one of them. Just how badly is their Equity Capital Markets franchise damaged by his comments? The NASDAQ glitch certainly contributed to the failure of an upside momentum pop, but if value was truly there this would have been corrected by now. Anyway today's close is interesting, up 5% on strong volume by the end - could be in the low to mid 30s again by the weekend. Two-facebook.
  14. I think you've missed the tongue in cheek nature of this thread and the original post. Covey wrote a successful book and runs seminars on a very earnest approach to life. I was hoping to collate the traits of other, less earnest people who have become fabulously wealthy despite themselves, quite possibly without any self-awareness at all. Hence my appeal to the misanthropes of HPC who might have some interesting observations. The word plodder obviously upset you. Sorry about that, it was in the flip nature of the thread. Substitute "earnest". Seek first to understand...
  15. My DBIL* (can I say that here?!) is attending a course on Covey's "7 habits of highly effective people". And I wondered, who wants to be effective when you could be stinking rich? So, what would your 7 top tips be for becoming inordinately wealthy? As a refresher, here's the plodder Covey's mundane, "let's get things done, look busy and achieve some self-actualisation before we die" list: Habit 1: Be Proactive Habit 2: Begin with the End in Mind Habit 3: Put First Things First Habit 4: Think Win-Win Habit 5: Seek First to Understand, Then to be Understood Habit 6: Synergize Habit 7: Sharpen the Saw I'm looking for something a bit more worldly wise (and frankly easier) from the resident HPC misanthropes. The interwebs being what they are, this has probably been done before: so by all means, plagiarise. *Dear brother in law
  16. I took a look at the chart earlier and it told me it wants to get to $17. (It could change its mind of course, but that's how its feeling right now.)
  17. Short olive oil. Long parmesan. It's a meze-nine trade.
  18. Presumably it's bad if the price achieved falls below marginal cost of production - each producer would love to sell out, but at what price in the aggregate? Hence the MFAO futures market, which apparently is short of the requisite evil speculators. You are surely subscribed to the Olive Oil Times? Oil Rag
  19. Looks like it'll break below 30 imminently; if it does expect some fireworks.
  20. Um, yeah it pretty much does mean that actually.
  21. You do make a good point and you are right not to revel in other's'' misfortune. However... Let us never forget the pressure people were under between 2004 (say) and 2008 to just get on with it and get into a miserable load of debt to get what? An un-aspirational breeze-block terraced 2 up 2 down in Scrotesville. I salute those who resisted the temptation. Remember where we came from and recognise the other shoe dropping when you see it.
  22. McDonald's in France (in my experience) is actually good: hot crispy fries, juicy fresh burgers, and lager if you want it. The franchises do seem to be allowed to cater for local tastes more freely now. Haven't been into a Starbucks since 2004.
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