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whojamaflip

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Everything posted by whojamaflip

  1. I would say do it. not sure where you are living, but somewhere like dalston I reckon you could negotiate 25% easy. closer in, there will always be demand. go check out some other places, & put in low offers.. you never know.
  2. one would assume numbers 63 and number 61 to be fairly similar? or infact BANG NEXT DOOR. I'd say that is 50% from peak???
  3. sounds about right. http://www.feingoldhandel.de/epages/155153.../Products/21000 this says 472,60 inc MwSt (inc VAT). which seems expensive.
  4. the structure being, no regulation, no auditors, and no clue who you're lending money too. kind of like ebay, but instead of 500quid handbags for sale, 5k loans... LIAR PONZI LOANS
  5. other questions.. why did it close down in the US? why is it not registered as a credit union? why is it described as a "money exchange service" (like western union, moneybookers etc) which are not regulated by the FSA. who audited the 1.6% default rate? why does this smell like ponzi... "Existing Zopa members who introduce a friend to Zopa will receive £30 when the friend either successfully lends £300 or successfully borrows money at Zopa during this period. £30 is payable for each friend introduced, provided that the friend is introduced as described above. The introduced friend will also receive £30 only once they have successfully lent money or successfully borrowed." http://uk.zopa.com/ZopaWeb/public/promo/basildon.html
  6. zopa itself could be ponzi. any number of the borrrowers could be ponzi. to have reported default rates lower than commercial banks (who should be more careful/professional), makes things smell ponzi. ITS ANOTHER PONZI SCAM
  7. ricardo.ch always has silver (search for "silber barren") but i imagine you will get stung with import duties. not sure about ordering from germany, since they are EU. i have some of the ZKB 1kg bars and they are nicely plastic wrapped. you would have no problems driving here and driving back to blighty i'm sure.
  8. There is no such thing as a 'trader' in terms of what those guys are doing. there are 'sell side traders' whose job it is to offload IPOs and rights issues, generally make a market (make money on spreads) and sell the knowledge to the underlying companies (investment banking). on the other side is the 'buy side' who must invest pension funds, insurance premiums, family offices, private, retail banking etc. a fund manager will generally have a specific benchmark to emulate (e.g an MSCI index). go to a higher level (stocks vs bonds ) it will be actuaries specifying the mix. one of the problems these guys have is they have no mandate. ok, well maybe they have been asked to outperform the ftse with a long/short strategy?? if thats the case, then they should be outperform the ftse by keeping the cash in the bank ..in any case if you are an index fund looking to outperform the ftse, you need computer models and pretty good macroecomic analysis of the component stocks (all available on the bloomberg screens) .. and it would be more luck than judgment to beat the returns over 45days or whatever. the other bit which is not very realistic, 8/9 bloomberg terminals at 2k/mo. and the office although tidly would be about 40k for the year. phone orders probably 60quid a punt.
  9. "so far every deal he has made, has lost money"
  10. in 1900 a sovereign cost a pound. gold is a protection against inflation, hence the interest.
  11. there is nothing worse than an EF+ coin on ebay that has had a light polish. even an aunc coin that has a bit or tar on it should never be cleaned. there really is no point, and make buyers MORE CONCERNED about the authenticity. if you dont like it, take it to a pawn brokers and sell it.
  12. quantative easing is buying 'assets' from other people. or you can emply people directly on projects you think are gainful. people who work are more likely to spend. people you buy bad debt from are more likely to issue more bad debt. its not fecking rocket science. read an economic textbook.
  13. taking the 32,000 feet view it doesn't matter where you inject the funds. ideally you want to give it to someone who will spend it quickly & have some duration (in terms of classical bonds). this is why the hoover dam project worked. all the workers gave the cash to hookers, the dam is still producing electricity. GB probably wants to invest the cash in wind farms, ITER project, or planting trees. the problems is that wind turbines are made in denmark, ITER is going into france, and there is nowhere to plant trees. education & healthcare are classic pay & go industries, there is no way you can 'invest' in healthcare or schools, they will have the begging bowl out year after year.. that will be the DOWNFALL.
  14. GB doesn't realise that the issue is actually that people DO NOT WANT to spend. QE underlines that fact. To invigorate the economy companies must be desperate for sales.- come up with new products that people want to buy. at the moment, people dont want to even get a haircut on payday. sack more people. make people do some work and innovate ffs.
  15. I think the japs started buying shares. which is generally the problem with japan. an analogy would be that M&S own a 10% stake in tescos, tescos own some of sainsbury. landrover hold a stake in ford (?), peugeot own some of renault, porsche own half of vw..(??) anyhow, cross ownership is not a good thing. competition is king.
  16. i held a small (the smallest) box at a deposit that go raided. you have a key and a magnetic card. the magnetic card gives you access to the strong room and disables the alarm on your box. the key opens your box. the key obviously has a skeleton (contray to what they tell you), its a simple pressed stamped key, its not a machined key (like yale). mostly when you go there it seems to be professional users (watch dealers etc) are the regular customers.
  17. the problem is selling it back. without hard edged capitalisim threatening to asset strip companies, there is no motivate for companies to compete,inovate, produce etc. things will end up trying to flog british leyland to the indians (again).
  18. the guy trying to explain it got things wrong. quantative easing is not part of normal open market operations with short dated treasuries. he did mention corporate debt in passing, but did not explicity say BOE can buy corp paper, dept, MBS etc etc
  19. i read that UK are no longer in the central bank agreements on annual gold sales, to be replaced by greece. (can be ar$$ed finding a link) this means that GB are free to dump more/ALL gold onto comex or whatever. all you leveraged gold bugs beware.
  20. open a postfinance deposit account. in can be done by post, you can do a transfer with moneybookers. holding banknotes is a bit silly for more than a grand.
  21. nobody knows how long the 'global recesssion' will be until we are out of it. if oil prices stay low ~$50 then i suspect we will be out of it fairly soon. over reaction (printing money) will cause no end of problems. people now realise the euro is a reserve currency rather than just yen & dollar. outcode will be positive for the euro, no matter what happens. euro will not disappear, if italy get kicked out (unlikely) the euro will continue. LTCM demonstrated you cant bet on credit spreads. some things just cant be rationalised away, thats just how things are.
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