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About TheEmperorHasNoClothes
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Just watch the big short. Take away: Sub-prime Collateralized debt obligations is like bad sushi soup. But an AAA rated one.
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I live in Sydney now. Have done for 5 years with young family. Purchased a house in 2012 so I can live the landlord-free lifestyle and despite all the extra work involved in maintaining it, I do like owning over renting. However having a family plays a big part in that desire. I like living here. There are good opportunities for IT workers although pay would be better in London. I like the climate and the people we have met are friendly. Seems a bit more laid back here. I don't like the driving attitude, it is almost impossible to be let into another lane without forcing your way in. At least when I left the UK driving seemed more polite. The trains are slow but probably as a result much more reliable. The other day a train was 10 minutes late and I was shocked. It rarely happens here. I am talking about local trains, have no idea about the inter-city ones. Less of a drinking culture. I.e. if you say no to having an alcoholic drink it wont bet met with 'whats wrong with you' or 'come aaaaan', which I think is a positive. It is silly the drinking culture in the UK and especially the pressure to get drunk. Would recommend Sydney for raising a family. Especially at the younger age with the good weather and the outdoor things to do. At university age I think the choices are better in the UK though but there are some decent technology universities in Sydney. It feels more multicultural here than in the UK although maybe comparable to London. The places I have worked have had people from all over the world and it seems every ethnicity has a presence here so I really like that now that I am used to it. However perhaps that is more of a city vs. country town thing than a UK/Australia thing.
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I'll buy it ... for 3.5x local salary
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Bp Have Hit £3 A Share
TheEmperorHasNoClothes replied to Nationalist's topic in Investment in general
I might slowly buy in, but I consider the money I bet the same as the money I bet on England to beat Germany. Err. whats the word ... disposable! -
Gold Going To $27,000 !
TheEmperorHasNoClothes replied to Mega's topic in House prices and the economy
Yes I am in awe of the expert Analysis on that site: -
Iphone 4- 2 Million Units Sold In Days
TheEmperorHasNoClothes replied to chris25's topic in House prices and the economy
What has it got to do with fashion? It's a cool gadget for less than the price of a week's living costs in London. -
Location Last Night
TheEmperorHasNoClothes replied to SarahBell's topic in House prices and the economy
Lol that is hilarious! I'm sure they got bigger discounts on that programme during the boom! Makes you wonder if it is just a pure propaganda programme run by various VI's behind the scenes - e.g. banks, property investment companies -
Electrical Production Growth - Good Barometer
TheEmperorHasNoClothes replied to aa3's topic in House prices and the economy
Is there a way you could be on your prediction? You could have made some money from that? -
1 In 3 Irish Families Fear Hunger
TheEmperorHasNoClothes replied to Sausages's topic in House prices and the economy
Maybe it's in their genes?