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Gentleman Jim

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About Gentleman Jim

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  1. Ah, but the price is nearly twice what it was pre-invasion! Don't forget that the 'coalition' is getting a cream-off of oil revenues to help fund the rebuilding of Iraq.
  2. According to the current model, the solution is very simple. We just invade the country, overthrow the government and install a compliant puppet one instead. Minimal disruption to supply.
  3. While everyone is saying we're already at the levels of the OPEC crisis now, just calm down, wipe the foam from your mouth and think a moment. clv101, the article that you linked to says this: In other words, although prices are the highest they have ever been in NOMINAL terms, they would need to go much higher (to the $80-$90 a barrel range) to cost more in REAL (ie inflation adjusted) terms as they did during the OPEC crisis. Things are serious, but nothing like as bad as then. We had governement speed limits and fuel rationing, for goodness sake! This may well happen if, God fordbid, oi
  4. It's nominal. We'd need to be a little over $90 a barrel to get to the same level as we were during the OPEC crisis in the 1970s. At the rate prices are climbing (in a pattern that is completely consistent with a short-medium term upward trend), we'll be at $90 or more by summer 2006, and it's all up from there. They reckon it would need to hit $135 a barrel before 'demand destruction' would occur. At that level, we'd be looking at £1.50 a litre of petrol or more.
  5. My apologies to you RJG18 - that article is seriously misleading! That kind of information could get people into all sorts of trouble if they take it at face value - and it's from a reputable source too! They're confusing Income Protection Insurance (IPI) with Accident, Sickness and Unemployment (ASU), a completely different product. IPI is, understandably, rather more expensive too, as it covers more and does more for longer. Most ASU policies aren't even underwritten, so how could they cover someone until they are 65? Very very poor journalism indeed from them, though again, I didn't mean to
  6. As before, stand firm brothers. Interest rates going down a quarter point will be seen as an amusing trifle by anyone with an ounce of vision. With the US publicly committed to a policy of raising rates there, I wouldn't be surprised if we're back up to 4.75% at least by Christmas.
  7. Looks like you got your response: Q:What have your done to improve the house to justify the difference between the price you paid in 2001 (£125,000 from records) to £240,000 now? A: Thankyou for your interest, the property prices have appreciated , no improvements have been made, Please before u ask for such justification, why dont you do you homework and check the prices in this area. Barratts are selling their homes 100 years away at 248,600 (6 bedrooms) on top of that last property sold in this area was sold for £230,000, so what i am asking for is not unrealistic, its the mkt prices.
  8. *Groan* - Tell me about it! It could well be the fastest way to lose money in the entire world. What else can offer you 30% depreciation in under three seconds? (the time it takes to roll off the forecourt).
  9. Gotta be careful with that strumming George, you might go blind!
  10. An interesting line of argument here. Thinking about it, what is the one principle that has guided us well here on HPC? That markets will find their own level, and cannot be messed around forever without naturally correcting. Take a look at the 20-year chart for crude oil futures, and what do you see?
  11. Just to add my twopenneth, for what it's worth, I think that MEW is being used constructively at the moment, rather than in the flamboyant way it has been in the earlier stages of HPI. I'm an IFA/mortgage broker, so I like to keep my eye on things, and I encounter people who are still loopy enough to consider taking on increased personal debt when they could have borrowed the same funds at a quarter of the interest rate by using a flexible mortgage arrangement. Having said that, the issue seems to be that the people I encounter now seem to be MEWing to tighten their belts and get their unsec
  12. I'm happy to converse and debate with anyone, but I fear there are too many here who have already made up their minds when they hear 'IFA', without even asking about qualifications, experience, referrals. Think about it - I'm like anyone else who enjoys what they do for a living. I take great pride in it and will defend it when someone I encounter makes comments which I believe to be unfair. Anyone would do the same, pretty much?
  13. *Mimes banging head against wall repeatedly* Ok then, with the fullest respect, since you're the financial planning expert with no greater qualification than a broadband connection and a soapbox apparently; lets take another look at this and see where I'm so wrong. I could conceivably sit down and take every single exam that the PFS and every other financial services body offers. The vitally key thing I'm trying to put across is that HAVING THESE QUALIFICATIONS ALONE DOES NOT CONFER THE ABILITY TO USE THE DESIGNATING LETTERS AFTER YOUR NAME! These people may be better qualified, but the grea
  14. Er, so what does this tell you - that an IFA is a member of the PFS, so what? To be a member, all you need do is pay the annual subscription. You can be completely qualified but not be a member, and it won't make one whit of a difference to how good an adviser he or she is. Anyway, they may administer the exams, but it's the Financial Services Skills Council who approves which exams are suitable for regulatory compliance, in tandem with the FSA. The degree in itself means nothing particularly financial. It just indicates that you're dealing with a reasonably intelligent person, not a bog-sta
  15. Heh - the PFS (Personal Finance Society) was formed recently through the amalgamation of the LIA (Life Assurance Association) and the SOFA (Society Of Financial Advisers). You can be extremely qualified and competent, but not have to be a member of these societies. All that they confer is the right to use the appropriate letters after your name. Some IFA's would disagree, but I'm personally very suspicious of the PFS, especially given the annual membership fees they charge. You're better off with a good recommendation and an adviser with a Masters degree from a decent university and good finan
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