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House Price Crash Forum


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Everything posted by OnlyMe

  1. In the area I lived I reckon around half the summer fruit/veg farm labour were school age. You have farms with 100% migrant labour cams because they want it that way and it suits them. Now I doubt anybody will go back to the way it was, they have effectively detached themselves form the local labour pool.
  2. Could be ;-). Must did up somf of the old farming threads, ag land prices apparently just hit a new peak. I bet in response productivity and output are falling.
  3. Only need to look in their back posckets (or more likely their offshore accounts and the caymen isaldn accoutns of their finaciers) to work it out.
  4. Did a lot fo fruit picking in late 80's. Very good pocket money on the whole. Very dependent on the quality of the crop - best strawberry crops could give around £6 an hour piece rate going at a fair pace. Worst was on a lettuce farm - £100 for the week.
  5. Must do at some stage, whiy not this point in time. Unsecured debt has been, wongaloans and all tht crap. No suprise that with govt/BOE knawing at one leg and the landlords at the other then only a matter of time befor ethe victim falls over. The inbalances created by the banking system governemnt have now been spread far wider than the original debt problem and this is affecting consumption. Most under financial presure will already have cut back on the nicities and from now on their cost base will burden them more and more as they fall into the inflation pit being dug for them. http://www.guardian.co.uk/money/2012/jan/25/family-finances-debt UK family debts up by almost 50% in a year Aviva Family Finances report 2012 says the typical UK family owes £7,944 in unsecured borrowing, as inflation takes its toll
  6. Another round of QE/FLS and currency debacement is of course goign to improve the situation and allow the rentier society to blossom. Not.
  7. Indeed, two conversations spring to mind whilst on holiday in the past. One was a discussion with an Irish techie, you;d have thought the pretty muc the whole of Ireland was paved with gold. Then a few years ago a long chat with a greek bargirl - extremely pissed off - low wages, lack of opporutnities, cost of living. Not just disgruntled, way beyond that.
  8. Contrast and compare. Retail / investment banks - Liars, operting under an illusion of probity and regulatory control, printing up money to make dodgy bets (in the process feathering their own nests) which they expect to be backstopped by the taxpayer. Bankrupt of Englans - Liars, operating under an illusion of independence, printing up money to make dodgy bets (in the process feathering their own nests), which they expect to be backstopped by the taxpayer. There is no difference, except the bankrupt of england are probably worse as they were the ones who encouraged the retail and investment banks to enter those positions in the firt place - as every time they bleeted the central bank coughed up more leveraaging power for them by rate manupulation, resulting in the two big to fails. The problem is at the top with these irresponsible, meddling arseholes, operting under puppet independence.
  9. Good point, that really is something for the legal system to worry about. Having said that, plain obvious that the scale and extent of distortions are going to have even more negative consequences than they already have.
  10. I think you are right to comine the argument with monetary policy, economics and systemic mismanagementof the economy. The prmary driving force behind the use of technology is to drive down costs, increase effiiency and produce more. Meanhwhile the economic wizards are heell bent on doing the reverse. The result will be technolog wins, the actions of the economic fraudsters will be ousted, but by the time this happens they will have successfully destroyed whatever parts of the economy they have managed to infest. Next round will concentrate on admin, finance, except further up the ranks, though the middle ranks and encroaching on senior level acivities.
  11. Mr Daniels went on to say that roughly 50pc of all claims made to Lloyds were bogus - from people who were never customers of the bank and never took out the product. He added that many of these could be easily identified as they came through in "template form". Never mind blaming "templates", what about a bank having proper customer records and systems to handle them. Get the feeling these outfits were run even worse than the appear to have been. Sham bastions of fiat legitimacy, bent on profit and commissions for themselves and very little else of true value behind them.
  12. Don't fret, new range of onesies on way from Romania.
  13. I'm sure the chainstores and big party donors are exstatic at the news. Removing middle ranking competion with rent arbirtrage is doing as good a job as it did wiping out the smaller players.
  14. The are a breed of professional liars backing, supporting and funding a breed of professional frauadsters, all the the from the initial money printing to the bent regulatory frameworks used to cement the existing players' positions and squeeze everybody else out.
  15. See my sig. http://www.londonlovesbusiness.com/business-news/politics/4710.article UK needs rich Chinese immigrants, says Vince Cable 11 February 2013 | By Asa Bennett The UK economy’s prosperity depends on having sufficiently easy border controls to encourage and ensure Chinese investment and tourism, Business Secretary Vince Cable has warned. Cable’s comments are set to place him at odds with cabinet colleagues as he warned that the country “can’t afford to miss out” on Chinese investment if it had too strict border controls. In an article for the Daily Telegraph, Cable wrote that Brits must avoid being “economic nationalists” by looking inwards. “China is the new economic superpower and we must treat its re-emergence with respect: as an opportunity rather than a threat … Our future prosperity will depend on it,” he write
  16. Waltzed (vitually) into auction room as big swinging dick, happy to utterly waste the occupancy of half a house to live on single floor, when it all goes pear shaped turns into little frail poor pensioner with disabilities who has been hard done by. Just like the banks really. Looking for someone else to bail them out, eat like a pig and plead poverty/starvation.
  17. It can if the productivty leads to lower pricing, larger market, more people employed on the periphery to sell / support the goods. All breaks down when some other agent comes in and then tries to artificially push all prices up, they've just bust the productivity gains and destroyed the enlarged market leading to those additional jobs not being created.
  18. Labour mobility is being severely impeded - cost of moving, risk of moving, cost of rent, cost of housing, stamp duty. You've got to be damned sure of a new job prospect to move, simply not worth the risk in most cases.
  19. For the US, anybody's guess what the department of homeland secuity want to do with 1.6 billion rounds of ammunition, a lot of it hollow point, which is banned under international treaty on theatres of war.
  20. Once London's activities get virtualized there will be no point in basing them in and around London, worse current players will find that their unique advantages in the area will have been virtualized too and can be subsumed b other players elsewhere. This is pretty much what happen in basic manufacturing and then tech, effectively the skill shifted to the machines and those machines could be packed up and shipped out of expensive countries. No amount of luck will save those jobs then.
  21. True. Banking connections, turns out that he was just another two faced, bank bailing junk merchant. Now he wishes he had his own bank to play with. The solution was to get rid of the rotten, corrrupt, gambling fiat currency addicts and let the scum fail like any other business would have. http://uk.reuters.com/article/2013/02/06/uk-britain-cable-banks-idUKBRE91500K20130206 RBS "in limbo," should have been nationalised - Cable
  22. Nationwide - Southern bias to book. Halifix - Northern. Something smells rather rotten about those figs - averages higher up north than down south, yeah, right; unless there has been a techtonic shift in the distribution of loans that these two outfits make.
  23. Worse, other companies have to compete against these free money circulating outfits. Cable, the government, the bankrupt of england, thick as thieves and clueless as to how far they have distorted and destroyed the real economy.
  24. Sound businesses and startups on;t come from the thick end of a hefty loan advance. I;d SAVED to start a business, that is until the likes of Cable turned bank defender and decided to carry on ponzi economics. So no business (not in this country anyway), money diverted to housing family, so ****** you Cable you two faced bank bailer.
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