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Everything posted by Northwest Smith
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It's better than I imagined
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It would be hard work fixing a price for goods and services. If I know you will provide bread in return for gold than I will sell diesel fuel for gold and use that to buy bread and you then pay the arms dealer in gold and he comes to me to buy diesel etc. The pricing would be complex as every area would have it's own market forces and stock levels. Peoples average income would also be variable.
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Rent Cap Woes - Merged Threads
Northwest Smith replied to Mega's topic in House prices and the economy
£1,548 a month, if only landlords had a charity that paid out every month no matter what the rent was. -
According to that site it;s already been sold http://www.pattinsonauctions.co.uk/ViewProperty.aspx/109833 END TIME:29 June 2010 BIDS:3 TYPE:2 bed Terrace CURRENT BID:£41,875 £41,875 + £5.000 Buyers premium 5% (minimum £5,000) + £875.50 VAT on Premium £47,750.50 I don't know if that's a good price or not but it's near £48K all in
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London is one of the top for public sector employment but the article implies it's low. In terms of workers London has by far the most, as a % of the population it's just above average but as a % of those in employment the lowest. Even more interesing for the sad like me, London has High unemployment, low economic activity, high economic inactivity and low overall employment. London has the lowest employment rate of all regional areas (apart from Northern Ireland who skew all statistics) http://www.statistics.gov.uk/statbase/Product.asp?vlnk=1944
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Cruising For A Bruising
Northwest Smith replied to ParticleMan's topic in House prices and the economy
Maybe China is going to start dumping more coal abroad. -
Does jobs lost mean people losing their job or a hiring freeze, jobs closed when people leave, retirement positions closed or frozen , maternity leave uncovered, temps instead of perms, It's all very complicated.
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Stealth Cold War Bunker For Sale
Northwest Smith replied to abdn's topic in House prices and the economy
Bunker looks bigger than I thought, could be a nice place if you had a light aircraft to get there. -
Feels more balanced at this level, if I had to trade goods then now is a good time to hedge the exchange rate on any new business.
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My Sister Is On Sick Leave ..
Northwest Smith replied to ShedDweller's topic in House prices and the economy
Not if the child is no longer a child by the time the claim comes through. Although the new adult may be putting their first claim through on the same day for housing, council tax and unemployment benefit with the added bonus of pregnancy. -
"The gold will be a good doorstop, and the guy with more guns than you (and there always is someone who does) will soon have both the guns and gold." How do we go from today to end of days and then stay there with no time passing before or after the "event" that causes this. By his reckoning food would only have value as a weapon the day after inflation started rising. The guy with guns would come and take the worthless gold and refuse to trade with it, he would in fact use it as a doorstop.
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Looks like the usual scam. But if the house is worth £3.2 Million why would anyone take the cash prize? Thats a third of the "market value"
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London Living Wage Raised To £7.85 An Hour
Northwest Smith replied to Boom Boom's topic in House prices and the economy
London has about 21% public sector employment , i'm not sure £15,307.50 Gross/ £12,486.38 Net is enough to live in London though. -
Chinese Labour Unrest Spreads
Northwest Smith replied to newbie's topic in House prices and the economy
There should be more money but fewer workers if productivity exceeds demand. The less productive the higher the wage costs of each unit. The UK overall productivity http://www.statistics.gov.uk/cci/nugget.asp?id=133 If you graph employment numbers against manufacturing productivity in the UK it looks like a big X Still China has 40% in agriculture which used to be 70% 40 years ago and we have under 2% and could feed ourselves if needed and used to have 40% of the labour force in agriculture a hundred years ago. Eventually it should be Agriculture to Manufacturing and then Services which is where the UK is at. But I don't know what China will end up paying it's workers if they aren't needed for anything, a bit like the UK. -
Love Nest For Sale
Northwest Smith replied to VeryMeanReversion's topic in House prices and the economy
Buying with cash is fine, buying with a loan from a bank who seem to go insolvent and ask to be bailed out is another thing. (RBS, LLoyds, HBOS, Northern Rock etc) -
Cameron Bigs It Up For June 22
Northwest Smith replied to okaycuckoo's topic in House prices and the economy
Is there no limit -
'years Of Pain Ahead' Says Dave
Northwest Smith replied to Mega's topic in House prices and the economy
It's Mega so probably not. -
'years Of Pain Ahead' Says Dave
Northwest Smith replied to Mega's topic in House prices and the economy
I blame Thatcher -
China can't keep productivity down and I think they will have fewer people employed and a lower cost per unit in wages but slightly more money for those still working. Just like the UK 40 years ago we had 7 Million employed in manufacturing but they produced much less per worker and cost more for each unit in wages.