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Posts posted by whojamaflip

  1. one in 20 earn 30K plus.

    one in 500 earn over 100K

    yes very common indeed....NOT.

    one in 500, makes just over 100,000 people.

    there are 425,000 millionares in the UK, that should be earning 5% in dividends/interest.. so clearly not 1/500 IMO.

    as someone pointed out, all contractors earning over 425gbp/day make that - and there are well over 1000 such jobs on jobserve that pay more.

    not to mention all the sales, healthcare, etc etc jobs...

    I reckon over 5% of people (in proper jobs) earn 100k+

  2. Have you any evidence for those thoughts?

    What's medical silver btw - either it's high purity elemental Ag or it's not. Are you referring to silver impregnated wound dressings (which obviously are one use only, before a trip to the incinerator where the Ag may or may not be recycled).

    are we talking about airplanes or silver?

    my kilo bars are 999,0 (not recycled) and i wouldnt want to put them in my mouth. wiki says "purities greater than 99.999% are available." which is no doubt more expensive than bullion silver & I would guess for medical etc uses.

  3. Can't see where the problems is. In fact, I can't see why you would even point out that it's "recycled".

    I think aviation prohibits recycled aluminium being used for aircraft parts.

    there might be similar rules for medical silver(?), or silver electrical cables in nuclear power stations.. but to be honest bullion silver is likely to stay bullion silver...

  4. does it work? or does it make things worse?

    if there is a genuine lack of money (i.e. units of exchange) to pass around then of course.

    if there is non-utilised labour, then printing money to employ these people on capital projects (railways, dams, tunnels, bridges etc) increases your assets in line with your monetary base, so this is fine.

    if you print money to temporarily hold down the interest rate, you are dissuading outside investment. investors prefer to keep money in low risk assets (commodities) and it drives a commodity bubble, this forces rates to rise.

    only when rates rise (and those companies that were saved from the chopping block before - go bankrupt) can real growth happen. meanwhile you have an inflation problem on your hands.

    will things get worse? GBP will fall thru the floor as soon as QE ends, rates will not be able to rise, government will not be able to issue debt, however it will be great for UK exporters (heard that before?).

  5. "Lely has already sold some 7,000 of its robot milkers worldwide. Cows learn to sidle up to the $300,000 (€210,187)-plus devices on their own when their udders feel full, letting themselves in and out of a special stall to do so. For the first time since man domesticated animals, farmers don't have to rise before dawn to milk the herd. Jutta Schemmerling, who owns a farm with 90 cows in the town of Ober-Mörlen north of Frankfurt, says she has more time to spend with her seven-year-old son since installing two Lely robot milkers last year. "It makes a difference in the quality of life," she says."

    So Jutta spent $600,000 on machinery to milk only 90 cows ??????????

    Does that make any sense ?

    7000 litres/cow/year

    90 cows

    630000 litres a year, machine is probably good for 5 years, doesnt add up to me.. unless he thinks wholesale milk prices are going to skyrocket over the next 5yrs :ph34r:

  6. You either believe that elected government is basically a good thing and worth fighting for or you do not.

    i wouldn't get myself into debt for 30years, why would i want to vote for someone who will do it on my behalf?

    ..it is not worth fighting for. its just too easy to sod off somewhere else. check :)

  7. I don't think we will get high inflation (7% +).

    something little talked about is the inflation deflator.

    the BOE drop the upper quartile of price data (reasoning: people wont buy the items, switching to substitutes), which means that when sausages go up 25% they are dropped from the net inflation figure.

    when electricity goes up 30% its ignored, when it goes down 10% its included.

    what the BOE fail to appreciate is that the only people they are fooling is themselves. if interest rates are not set properly it will screw the currency... oh :ph34r:

  8. HTH

    Why come up with the statistic at all? surely something like.

    Migrants not claiming asylum are NOT entitled to apply for council housing and therefore not be part of, or jump, housing queues.

    Migrants who claim asylum and are sucessful ARE entitled to housing and XX% are housed in council accomodation.

    the 11% statistic is meaningless.

  9. I just watched this story on channel 4 & it did have more than a hint of 'damn lies' about it.

    the first question is of course, what question are they trying to answer?

    there is so much 'framing' in the statistics that its impossible to figure out what question the statistics are trying to answer.

    the bbc article starts .."new arrivals in the UK are able to jump council housing queues"

    and then further down

    "Just 11% of new arrivals get help with housing - almost all of them asylum seekers."

    what the hell? can someone untangle that statistic??

    can new arrivals, NOT claiming asylum apply for council housing? (I think not)

    therefore the only ones getting council housing would be asylum seekers... and I'd imagine thats most of them?? (certainly not 1/6)

    and how many people earning > 100kGBP can get council housing?

    yea exactly.. better off living in switzerland :lol::P;)

  10. +1 for the link.

    I think talking is good, so heres my take..

    falls generally look steeper, maybe markets are reacting faster this time round.

    world industrial output is already way over -10% down (thats officially a depression?)

    36months of it.. the biggest optimist might say we have another 12months to ride out..

    and of course, the unanswered question - houseprices??

  11. constitutional - no. but i think unlikely.

    mostly its seen as a good idea.

    however I'm sure another party would tweak it a bit.. like

    mandate a decent supply of five pound notes (like from atms)

    mandate better control of counterfeit coins

    allow bank to intervene on fx markets (more fx swaps)

    allow/encourage back to use money supply as well as interest rates to control inflation.

    and finally....

    fix the inflation calculation so that outliers (the high ones only ffs) are not exluded from the official figures

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