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indirectapproach

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Posts posted by indirectapproach

  1. I don't see that.

    It seems pretty clear the US has seen off the Russians, Japan and Europe.

    India's competitive advantage, poverty, is not a foundation built on rock.

    China .... ?

    Whatever.

    When their factory workers are getting more than 80 cents (US) the day perhaps we'll be able to make some assessment.

    A focus on "yield curves" does not, with the greatest of respect, give us good answers.

    There are demographic, historic, philosophical, geographical and collective wisdom dynamics at play too.

  2. And so would the Scots if they had been spending their own money.

    I mean come on, we're only talking about building a blinking tramway here.

    Everyone does it. It's not difficult. It's just trams. WE all had them back in the 1920's.

    But because the Scots are spending English money, they're not paying attention, they are being fly and it all ends up being wasted.

  3. It's just our Scottish buddies bespattering the wall with someone else's money as usual.

    They are so keen on this chimera of the "canny" Scot because nothing could be further from the truth.

    I was in Dundee ten days ago. They are building a great big new swimming pool near the north end of their bridge with a nice big window in it's nice big north wall. That'll give the bathers plenty of uplifting sunlight in that sun drenched ...

    Now I might be wrong about this because I didn't pay too close attention but then I might be right.

    What makes me chuckle is how much of a hash they are gonna make of their next Forth crossing.

    http://www.telegraph.co.uk/news/uknews/8729317/Scotland-to-become-third-world-economy-by-2030.html

  4. Obtaining a carte vital in France really isn't that difficult.

    Ok, it helps to speak the language or know someone who does.

    You also have to deal with French bureaucracy which requires you to conduct yourself like a grown up, be courteous and be firm, hardly a big ask.

    A French buddy of mine told me that these days things are about the same as Bangalore.

    If a bureaucrat smells fear, French or otherwise, there is always a problem.

    That said sign up as a grenouille auto entrepreneur, a language teacher with the liberal professions lot or whatever.

    Allow six months for fiddling about and it's fine.

  5. The Fench use the language thing as an excuse to denigrate the Brits.

    It's not as if the French used to learn arabic before they went on holiday to Tunis or spanish before Spain.

    The French are not anti Brit per se but rather pretty much anti everything including themselves, which is why they have a suicide rate that is considerably higher than the Norwegians,

    http://en.wikipedia.org/wiki/List_of_countries_by_suicide_rate

  6. I think there is a lack of clarity about UK home ownership rates.

    Google tells me that in

    "In 1953, the proportion of owner-occupiers in England was 32 per cent. In 1961 this was 43%."

    In 1981 it was c.58%.

    "Homeownership rates peaked at just over 70% in 2000 ...... they have now fallen to 68%."

    http://www.mortgageguideuk.co.uk/blog/uk-housing-market/home-ownership-rates-uk/

    This compares with a rate of c. 42% for Jermany, 49% for the Netherlands, 78% in Italy and Spain, c.80% in Ireland and 84% in Palestine (?),

    http://en.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate

    Some of the numbers are old but they generally predate the peak so they may well be about right.

    From them I get that if UK housing was affordable in the post Thatcher council house give away period that was anomalous in the post war UK housing market.

    Chances are the only really good times to buy have been in the crashes after the Maudling dash for growth and the Barber and Lawson booms.

    Just now, good quality housing is an expensive luxury, which I suppose, is what it normally is.

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