Freki
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Posts posted by Freki
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Well trump went full dementia again. Expect some videos tomorrow. His cognitive decline really shows. He won't be able to maintain his candidacy for another year if it keeps on happening. And it's only downhill from here
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7 minutes ago, Confusion of VIs said:
Even the Telegraph can see through this nonsense policy
Rishi Sunak has betrayed Britain’s clean-tech economy for a mess of pottage  
This cynical surprise serves solely to exploit a wedge issue in the next election
Ouch if even the Torygraph who daily likes to spread non sense and lies about EVs is going to report that drivers are happy to stick with EVs, that's got to say something.
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12 hours ago, nightowl said:
Indeed. It's now got to the point the contest maybe fought by someone in jail vs someone in a carehome 😬
Have you missed Trump's recent speech where he got confused , and twice mistook who he is/was facing. He thought in 2016 he ran against Obama and again in 2020.
Between Biden making relevant jokes in front of the GOP and Trump looking so erratic in his ranting, I know who belongs to the care home
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25 minutes ago, daveyj said:
People spending their own money don't want them. The figures don't lie. The vast majority of car buyers buy second hand. Who is going to buy second hand EV's? I wouldn't.
I did, I have a 7 year warranty on the car and 8 on the battery. My current EV (Kia EV6) is the car with the highest customer satisfaction in the US based (was it from JD?)
10 hours ago, Social Justice League said:EV to me is the motor industry desperately trying to stay alive. They, like all western consumer capitalist businesses, must sell mug punters the same thing over and over agsin or go bust.
In selling mug punters the same thing over and over agsin, they use up more and more natural resources that the planet can't afford, if anyone actually cared about saving the planet, which they don't while we have a bent financial system that demands continual growth.
How is that different from the current model? Buying ICE cars over and over again? Seems like you are happy to handover your money to dictatorships of this world, happy for the UK to keep running a massive trade and balance deficit. Oil prices are completely exogenous, electricity price we, either individually or collectively as a nation, can generate it without relying on anyone.
1 hour ago, daveyj said:If BEV was such a superior product (it's not) and people actually wanted them why would it need better incentives to increase uptake?
The people buying new cars that are not EV's most probably COULD afford an EV. Someone buying a new petrol or diesel car could quite easily buy an EV if they wanted to. So why don't they? ( I will give you a hint... They don't want too that's why.)
I don't know the daily bashing by the right wing press? all the misinformation and negative press coming from the lobbies of the biggest industry in the world, the troll farms helping the Western world being chained to the Saudis and Russians?
Lacking infrastructure: right now, realistically you need to have a driveway to have one in the UK.
But also price, the price is higher for a comparable car. And the price of electricity charged by the public chargers are 6 to 10 times higher than what you can have at home at off peak prices.
2 hours ago, nightowl said:There will be a point where those EVs will need taxing rather than subsidizing to recover lost tax revenue and without the build cost sufficiently falling that presents a stumbling block.
The point around subsidise is a difficult one. Currently the world is massively subsidizing exploration and extraction of oil and gas and on the other hand usually massively taxing private road users. Airlines don't pay tax on their fuel, a lot of countries don't tax petrol used by farmers ... But road users bear a heavy one. Anyway it is really murky.
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1 hour ago, yodigo said:
I'll keep an eye for German plated Teslas in Spain. Can't say I've noticed any, but then I haven't been looking. But... none have been noticed although Teslas have. Perhaps it's a bit much to drive that far in one? Until then, I doubt ICE will go away.
EUers love FOM in the Schengan, and EVs aren't going to spoil the party.
Did not see too many in Spain, but a lot in South of France. Go figure. Anyway, doing a road trip in a Tesla or other high performing car (like my EV6) is easy in Europe. The infrastructure is definitely coping
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On 16/09/2023 at 16:24, The Angry Capitalist said:
If Chancellor Osborne had not abandoned our gas storage facilities we would have had plenty of backup to get through the surge in prices.
Not a chance. 1) the market is European and interconnected. The gas storage facilities would have been Epsilon at the European scale. 2) When was the last time we sold this type of commodity at below market price?
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42 minutes ago, DiggerUK said:
Climate forced migration is a gross fiction.
I would agree that cross border migration due to climate should currently be marginal. But internally displaced people (IDP in the field) due to climate change is increasing. And then it will spill over to cross border migration
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5 hours ago, The Angry Capitalist said:
A game-changer in respect to having to pay more for our energy perhaps.
But nothing else.
Last I checked, it was natural gas price increases that was responsible for the jump in my electricity bill
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43 minutes ago, kzb said:
It's hardly relevant to the question of subsidy to gas. Ask yourself what is going on now, corporations are subsidy-shopping around the world, setting up "green" industry where they get the biggest subsidy.
Green has nothing to do with it. Green is the flavour of the month, but asking for subsidy so they put a factory somewhere has been happening for decades.
The problem is how governments are competing instead of cooperating. A pure game theory problem.
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The missus wanted to go to Barcelona, with our 7 months old, it had to be air BnB. The building we were in had 8 flats in total, 6 of them were part of the same business handling air BnB. Completely central, definitely took housing stock out of they local one...
I managed to curb her use of Air BnB but not reduce it to 0 yet
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2 hours ago, Locke said:
People like this will never get it, because they are OBSESSED with interfering in other people's lives, preferably by threatening them with massive violence (what do you think they base their masturbatory fantasies around when imagining what they want to happen to people who don't pay their "fair share")
I'm really annoyed by the state obsession in preventing me from stealing other people's stuff. We should be free to take whatever we want, wherever we want, however we want. Down with any people's rights
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6 hours ago, Sour Mash said:
.. or consumers have just been getting wealthier and aircon - once almost exclusively an 'American' luxury- is now getting more commonplace. Or rather I should say, HVAC as it's a full 'climate control' system for indoors and heats in Winter.
No, you did not have 3 weeks in a row of "tropical nights" in Nice. When it's 70% humidity and above 28 degrees all night, your body is not cooling. People are tired and extremely uncomfortable. It's new.
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21 hours ago, debtlessmanc said:
Back up to 35-40 degrees in France next week, 33 in London, in the middle of September. Nuts. Just been visiting French friends on core d’azure. Everyone they know had had air conditioning fitted in the last 5 years. No one felt the need before.
100% this. As someone who spent his childhood (pre 2000) and visits regularly family there, people on the sea side have been fitting AC the last decade or so and it has really accelerated the last 5 years.
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3 hours ago, user not found said:
I skim read (so apologies if any errors) - that experiment used 100% CO2, but I couldn't see where they accounted for the fact that CO2 is 0.04% of the earth's atmosphere.
A bit like any medicine? You want some to avoid the pain, you don't want too much to OD on it ...
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@Walki @scottbeard I think we should not read too much into this, the approach was univariate analysis, when the correct (and difficult) one should be Bayesian approach
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5 hours ago, zugzwang said:
Will Argentina be the first country to get a BRICS bailout?
It is probably safe to assume that the strings attached to a prospective BRICS loan would not be as onerous as those attached to the IMF loan. For China, Russia and the other BRICS members, issuing such a loan would be a relatively low-risk way of further eroding US influence over the global economy. After all, the IMF and World Bank are two of the fundamental pillars of the neoliberal world order that has prevailed since the 1970s, enabling the US and its allies in Western Europe to continue plundering the resources of the former colonised countries of Africa, Latin America and Asia without having to use standing armies. They have also hugely enriched the financiers of Wall Street and the City of London.
Bailing out Argentina would be a relatively low-risk gambit for the BRICS members. While Argentina may have a long, storied history of defaulting on its debts, it also has two hugely valuable assets that it can put up as collateral: its huge natural gas reserves in Vaca Muerta, which are only just coming on line, and its vast, unexploited lithium deposits in the north, both of which are already of keen interest to Beijing. Plus, Argentina is of vital strategic interest to the BRICS given it is the second largest economy in South America, a resource-rich region that is already trading more with China than anywhere else, but which is in the cross-hairs of the US Southern Command for precisely that reason.
Such a move would also send a clear message to many of the world’s struggling economies that there is a new lender in town — and what’s more, with the combined financial backing of not just China, Russia, India, Brazil and South Africa but also all the new members, including the financial powerhouse that is Saudi Arabia. Right now, the number of struggling economies continues to rise due to the dual impact of spiralling inflation and the soaring debt servicing costs. According to a recent UN report, developing countries are shouldering a staggering 30% of the $92 trillion global public debt burden. As many as 52 countries — 40% of the developing world — are on the brink of serious debt trouble.
The prospect of the BRICS moving into the multilateral lending arena in a big way has not gone unnoticed by some in the West, according to Reuters. Werner Hoyer, the outgoing head of the European Investment Bank, warned Western governments on Wednesday that they were in danger of losing the confidence of the “Global South”, unless they urgently intensified their own support efforts for poorer countries.
So let me play this back, Argentina would be offered a bail out thanks to its collaterals. And selling the countries assets is seen as more freeing than the current IMF loan system? Are the countries of the "global South" applauding while looking the other way about what happened in Sri Lanka? Mind boggling
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3 hours ago, hughjass said:
Freki, please copy the article for us to read it, cant be bothered to register with the FT.
I won't because it contravenes reproduction rights. But you can Google the title and the link provided by Google lends on the page without the paywall.
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https://www.ft.com/content/9aa0fcc0-31fb-44be-b5a0-57ceb7fb7a52
Pretty scathing.
British cities get the worst of both worlds: threadbare public transport and choked road networks, reducing their effective size and potential agglomeration benefits.
One idea in Britain currently is to pay Nimbys to persuade them to allow new infrastructure — but they’ve already been imposing a tax on the country for decades
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1 hour ago, scottbeard said:
A $7.6bn loss in China is nothing. The Chinese economy is $19 trillion in size. That's a loss equivalent to 0.04% of the economic output of the country. Not great for the company concerned, but on its own would be a speed bump at best. However, it is not alone of course.
The construction sector was about 7% last year, and it is not only Country's Garden (CG) or Evergrande, pretty much all of them are troubled. Remember that when Evergrande was making the news, CG was actually hailed as being robust. Now comes also the contagion. CG owes flats as well as their financial debtors. So the troubles won't be only for the banks and bond holders, but your average Joe who only knew ever raising house prices.
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6 hours ago, Jinxed said:
Whats too difficult for me to understand?
That it was a BS and baseless rumour that like to circulate on conspiracy theorist websites such as bitchute and zerohedge, and was not worth sharing around
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13 hours ago, Jinxed said:
Mmmm your post was as hot and blustery as 70s brut advert.
'Mexico is among the 19 countries that have expressed interest to join BRICS but has not formally sent its application, reported Bloomberg.
Let me try again since it is too difficult for you to understand: Tick tock, it's 5pm in Beijing, where is the announcement?
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12 hours ago, Jinxed said:
Im not a gold bug, dont have any gold, hardly ever go on zerohedge, it just makes perfect sense that Russia, China, Iran, Mexico, (and many other countries,) would want to create a currency, not trade it, so you would have to buy physical gold with the dollar reserves. A lot more effective at taking down US hegemony than an actual war....?
IDK that much about it TBH
Well thanks for sharing that you post something that makes 0 sense. Where did you it from then? Bitchute? At the pub? Anyway it is going to take 1 day for me to remember how much credibility your future posts may have.
It makes 0 sense that those countries with very different economy would want to not have access to the devaluation tool. And what would that do? Reduce a bit the cost of exchange rate when they are trading between them. BTW Mexico is the number 1 trading partner with the USA (from this morning).
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1 hour ago, scottbeard said:
More serious answer - it's tough isn't it? And the wealthy are very good at hiding wealth away from taxes like this.
Largely (but not solely) enabled by British Overseas Territories. At one point this BS has to give.
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The property sector in China is still struggling, and the market has been punishing Country Garden since mid July. Look at that Yield!
Btw Country Garden is just China's biggest private property developer
More than a month old but for the posterity in this thread:
Evergrande: Crisis-hit Chinese property giant reveals $81bn loss
Trump has good chance of winning 2024 next US General Election. Implications?
in House prices and the economy
Posted
I think you mean Mitch McConnell
About the video, it starts with Trump, people can keep it to that part and forge an opinion for themselves. Also we need campaigns are pretty demanding. I kind of pity the guy in this video.