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iamdamosuzuki

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Everything posted by iamdamosuzuki

  1. My experience is that banks now report absolutely everything at transactional level, pleb level employees are monitored to within an inch of their jobs. But it's trebles all round and (fraudulent) business as usual for the con men higher up. HUZZAH!
  2. A hard working kitchen making a real contribution to GDP. It's what makes this country great. Typical of the moaning minnies on here to have a dig.
  3. Seems to be targeting what the BBC regards as dodgy ll's. Probably worth watching but the real scandal of our taxes being pissed away on a benefit for the wealthy will no doubt be skirted over. Housing benefit is a national disgrace.
  4. WTF does it all mean though? So zero inflation (of this 'type' according to Carney) is GOOD at the moment. But the arbitary 2% is the target from either side now? I thought the aim was to get below 2%. Apparently someone made 2% up a while back, drunk in Switzerland or something. At a big meeting. It's like 1984. As far as I can make out 1.we are in a period of stagnation or decline brought about by paying back all the debt we accumulated during the golden years of Brown and Blair. 2.No one has any money because of global wage arbitrage, exorbitant rents / house prices and Zero hours contracts. 3.House prices keep rising to support GDP. 4.Productivity is continually falling just because we pump money into zombie banks etc. The papers run laughable articles every so often trying to persuade us it's because workers don't get up early enough, don't do yoga, Brits are lazy etc etc etc. 5. Immigration ponzi is the last hope!! 6. The serious money doesn't have to pay tax anymore a la Google. 7. Housing benefit lol. Which makes Osborne's tweet all the more pathetic, and Carney's a tosser. Thanks.
  5. IMO the arrogant rich(sorry 'wealth creators') trying to frighten us into voting Tory belongs in the pre - internet, know your place age. Probably feudal times, actually. Seriously, Stuart Rose? Bannatyne?? I'll be voting SNP you shower of C****s
  6. Tjhat's the feeling I get. How completely absurd this country has become, where two bright twenty somethings resort to this kind of thing (full of risk as mentioned above) Just to buy a house. And all the nonsnse they are going through is only necessary to keep boomers onside. And they are right, renting is a dirty word and is being kept that way by the PTB. I might vote for a party that builds social housing, strictly regulates the rental market, reforms planning and removes all market manipulation of the htb, HISA, type. .
  7. This is a good point. I've made a few quid on other speculative investments over the last 8 years, but missed a massive free giveaway by missing the HPI boat. And yet, I'm still in equities and wouldn't risk London house prices. You might indeed make a fortune, but the potential haircut of this kind of highly levereged speculation is horrendous. Fk them is my honest opinion. Pay your money and take your chance. Having said that, the governments role in this carry on is despicable.
  8. Nail on head. Barclays,RBS, JPMorgan etc also all operate using the AVP/VP director, etc etc structure. What this in effect means is that there is a cabal of staff - I'd say about a fifth/quarter (pure guess) who are 'the company'. They are the prime beneficieries of the enterprise at the cost of Shareholders, other staff and, ultimately, productivity. IE they destroy value for all other stakeholders. This large minority imposes omerta and discipline across it's ranks and extracts cash from the business. Loyalty is demanded and rewarded (renamed 'talent'). Clearly the main aim is to enrich those at the top, but this is an efficient structure to facilitate it. I've seen first hand how this sucks the life out of the organization, rewarding dubious practices over and over again and stifling truth. Try speaking truth to power at RBS. This is the cultural failing at the banks, and it is not one inch closer to being resolved than it was in 2008.
  9. Exactly. Unless there is an extreme change of attitude, what's even the point? I'm being careful as they look the litigous types, but what on earth did Katrina expect from life. A 3 bed mansion, beaches, barbecues, foreign holidays and no work for thirty years? Jesus H Christ. Ad they are still spunking 300 pounds a month on storage. Many families in my are could be well fed and clothed for that amount. Unfortunately rampant HPI and low wages mean 300 pounds spare is a pipe dream for them.
  10. I'll say it again. She is able bodied with no dependents and hasn't worked since her mid forties. Nice work if you can get it. Since she was 45 and he was in his mid 50's they have stayed in a succession of LUXURY homes and apartments. Neither working to any great extent. And Blowing 210k in the process. He is in his seventies. Lucky for him he gets the state pension What exactly is the plan? I wouldn't trust either of them with a tenner. They'd probably buy a tin of caviar and realise they didn't have an opener.
  11. What a load of Rubbish. From Dennis Waterman being a 'mover and shaker' onwards, so many things don't add up. 1. She appears to have decided to retire at 45/46 (!) to a 3 bed seaside mansion after a high flying nanny career? 2. At the point of her 'retiral' they tookout a massive mortgage. On the basis that he - now 56 - would get lots of money somehow and they'd be rich. 3. Panicked when they don't get lots of money and become rich. In 2005 they 'downsized to a 295k flat. WTF. I can't find a one bedroom flat in Poole for anything more than 195k at the mo. What kind of downsizing was this? 4. In 2006 they release 190k equity. Downsize to a small 900pcm flat. She's still 'retired' He's now well into his sixties. Again, 900 is a huge amount of rent in Poole. Where on earth were they staying? http://www.rightmove.co.uk/property-to-rent/property-48133639.html 5. 2011. He's 66. They have blown 190k in five years. They downsize (!) to a flat at 850pcm. She's still retired. 6. They get a 20k loan to pay household bills. They are renters. ARE THEY GROWING CANNABIS OR SOMETHING??? 7. By 2013, Alan is nearly 70. Katrina (who retired at 45) is in her sixties. They have spent 10 years barely working and living in a series of luxury houses and apartments. Their boomer friends go on holidays and live on massive defined benefit boomer pensions. Alan doesn't really have a pension, for some reason. 8. BINGO! 70 year old Alan gets a job and decides to emigrate to Canada. It's the future. 9. 6 months later Alan is made redundant. At this point a crisis sends them both FULL RETARD. 10. 71 year old Alan, who used to work as a high flyer, and his long retired wife decide to spend 740 pcm storing stuff and staying in a B and B. They could save 100pcm just by renting this http://www.rightmove.co.uk/property-to-rent/property-36896912.html 11. In a last desperate attempt to get someone to send them a cheque, they sell their incoherent story to the mail. THE END.
  12. Surely that's the real message of this thread. The insanity of the planning system. It'll take a war for any serious reform though.
  13. hahahahaha. Leahy's aggresive expansion and contempt for UK customers came home to roost. He blames hapless succesor. Terry, the internet doesn't believe you.
  14. Falling Knife? No chance. Divs surely won't cover much even on a five year view, and any solution to their woes is currently guesswork. Reminds me of Scottish football, with Tesco being Rangers (overstretched in the boom years, no one likes them they don't care). I'm out.
  15. Some good points here. One thing that I don't want to get lost in the mists of time is how wage growth was non existant during the 2000's but offshoring and cheap tat persuaded people they didn't need wage increases. However, that also meant that debt increased exponentially for big ticket items. Easy debt was accompanied by MEW, which again made people think they were rich. Now we are in a no man's land, which is why I think things were better. There was a sense of place, a feeling of order and stabillity which disappeared slowly throughout the 80's and 90's, and really disintegrated later on. The public discussion stopped being meaningful. The bad guys won, IMO.
  16. House prices are a disgrace, money rules everything but no-ones got any apart from politicians and their chums. Huge paedophile networks stalk the grim north virtually untouched. The establishment see you as worthless and encourage you to be ignorant and racist so that they can play the political correctness card and ignore you. And the catch all of 'causing offence' seems to be enough to let just about anyone off with anything. Booooooooooooooooooooooooooooooo. Modern life is rubbish.
  17. My job in Bank IT is very skilled, however he is absolutely right. The last three managers I've had have had no discernable skills beyond primary level. 50 grand and it's embarrassing trying to explain anything remotely complex to them. So it's not all bad.
  18. Good idea, but the UK already has such an agreement with the caliphate, I believe. The Aussies may be drunk, but they're not stupid.
  19. ...this is a great point. And post Financialisation that is never going be the case. So we spend eternity paying off bankers from the last 'boom'. I'm away to watch the wolf of wall street.
  20. There is a very strong authoritarian, anti democracy streak amongst the sociopaths of Big business and - particularly - finance. I worked for a Diamond lieutenant ( a military freak) who was fond of reminding us 'this is not a democracy'. He, of course, believed that's why it worked. Except it didn't and he's long gone. How much power these people actually have is what worries me. I agree free trade is at odds with sovereign state democracy, and have long argued that protectionism, rather than starting world war three, is needed to halt a catastrophic collapse of our political system in the near future. What worries me is what replaces that, and maybe big business expects the collapse of our democracy and looks forward to replacing it with a more 'Asian' style system. http://www.businessinsider.com/hans-jorg-rudloff-barcap-work-more-less-benefits-2011
  21. http://games.usvsth3m.com/what-house-could-you-buy-in-the-past/
  22. It is, as ever. The only bit they could have added is that it may be precisely because of Broadbent's see no evil, hear no evil, record that he would have been an immensely popular candidate with the Tesco bosses. To call him compliant seems an understatement imho. He may have been the only person in the country to think Bob Diamond's remuneration system was a good idea, but I suspect he'd have thought anything that Bob said was a good idea. That was his role. If I was a board member fishing for as much cash and as little blame as I could get, his name would be near the top of the list. One of the goodfellas. Trebles all round!
  23. I suspect, given his record, The Tesco board thought he was an ideal fit. IE don't rock the boat, somehow convince the plebs to pick up the slack (our people are our greatest asset blah blah minimum wage, zero hours...blah blah continually improving customer experience) Tesco has looked like a case of management takeover for a long time. Leahy got away with it, but now it just looks a self serving mess. The banks suffer from the same thing. Culture of backscratching among management, don't rock the boat, panic sack some coalface staff, beg the public to suport them, pretend it's all about image not substance. I could go on. Blinkbox should be a market leader, but wheras Sky and Netflix realise working product is #1, Tesco just could not do it. Customer service (answering complaints quickly and politely) is their answer to everything. Unfortunately product costs money that would be better spent on managers. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8478445/Pay-protest-as-Barclays-Q1-pre-tax-profits-fall-to-1.7bn.html
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