crashmonitor
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Posts posted by crashmonitor
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1 hour ago, awkwardturtle said:
Anyone who believes that increasing public spending on education is not an investment must be incredibly pessimistic about the future.
David Beckham Studies at the University of Nowhere at 75k a pop and don't expect any student repayments over the next thirty years.
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5 hours ago, deadlyavenger said:
https://www.spectator.co.uk/2018/03/why-mass-immigration-explains-the-housing-crisis/
Stating the obvious IMO...but I'm sure there's lots of liberal do gooder remoaners who still can't see the connection.
Oh and Blair knew this would happen too, he is complete and utter scum.
They've seized the day, some of the indigenous population of London, Oxford and Cambridge have prospered beyond their wildest dreams and seen unprecedented wealth gains off HPI. Clientele for the University gravy train, BTL and public services. A boon for their jobs.
Damn the uneducated plebs in Mansfield, Stoke and Grimsby trying to spoil it all voting Brexit.
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A police inspector, a murderer, that must be pretty rare? The only one I can think of was the fictional Morse rumbling a fellow inspector in Second time around.
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Holland and Barrett is another one that makes no sense. Just permanently empty. Bought by a Russian billionaire in 2017 so I guess it doesn't matter.
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3 minutes ago, onlooker said:
Poundstretcher's problem (IMHO) is that they have town centre locations so parking is a problem, and people will only buy as much as they can physically carry to the car/bus/walk home. I think a lot of their stuff is good value - if you avoid the obvious poorly made rubbish.
My local Sainsbury's is also booming (only competition is Tesco) - it must be very profitable. Not sure why that isn't reflected in the dividends.
Good observation. When we go to Lidl it is a trolley shop and the car. When we go to Poundstretcher the car is parked out of town and we walk in so limited to the rucksack. 39p Bonners soups, 10p pop corn, 29p flapjack...two quid tops. Everybody else doing the same.
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On 22/03/2018 at 10:10 PM, Saving For a Space Ship said:
Did Poundstretcher get a mention ?
https://www.cornwalllive.com/news/business/poundstretcher-latest-retailer-trouble-after-1358735
It's privately owned so tends to fall under the radar. I'm puzzled by Poundstretcher, they tend to go for back street locations on town centre periphery. My nearest store resembles the Marie Celeste at all times. The footfall is low, the spend per customer is tiny. I do like some of their bargains mind.
I contrast this with my local Sainsburys (I do my Dad's shopping there btw...we shop at Lidl) well heeled boomers paying £100 a pop for diddly squat, queues backing up on every aisle...God knows why they are struggling. This is a rural Sainsbury with little competition. May not be the case for ones with competition.
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On 23/03/2018 at 12:32 PM, spyguy said:
Not sure the chinese woman is his wife.
Lucia Hunt.
Unless she keeps a chinese name?
Lucifer and Lucia it is then. One Witch hunt I have no problem with. Property hoarding and BTL my pet hate. ( Chinese lady showing as Lucia Hunt on google)
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20 minutes ago, council dweller said:
Just got a letter yesterday from the department of work and pensions saying that my ESA will be stopped . So it looks like I`ll be heading off to the JS before landing myself a cozy little NHS job.
Cleaning , or feeding , trolley pushing will do. BTW, I live near a massive hospital .
Wish me luck people...
Should be ok, plenty of migrant cleaners etc. Will put the theory that we haven't got enough indigenous workers into question if it turns out there are no jobs.
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Williamson MP for Derby North, he beloved of calling everybody Comrade, has gotten into a bit of bother with his BTL.....
https://www.derbytelegraph.co.uk/news/derby-news/chris-williamson-mp-second-home-1376342
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1 minute ago, Gigantic Purple Slug said:
Sorry to be the myth buster again :
https://en.wikipedia.org/wiki/Heathrow_Terminal_5
https://en.wikipedia.org/wiki/Channel_Tunnel
https://en.wikipedia.org/wiki/Crossrail
https://en.wikipedia.org/wiki/High_Speed_1
https://en.wikipedia.org/wiki/Jubilee_Line_Extension
https://en.wikipedia.org/wiki/London_Array
We're pretty good at massive civil engineering projects. Cost is of course another issue.
Well I was referring to cost, hence the reference to HST.
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16 minutes ago, TonyJ said:
I also agree with this. Politicians are just extreme versions of our own sentiments and desires. Collectively, we get the elected representatives and governments we create and select, although they are particularly savvy at capitalizing on the levers of power and divisions and using them to entrench and maintain their lofty place in the status quo.
Indeed power corrupts. Houses and public sector final salary schemes will always have special dispensation from damaging changes to the law that might affect rights or values. It's called looking after number one.
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2 hours ago, inbruges said:
Vile disgusting woman, Tony found his perfect match in her. She epitomises the typical BTL culture in today's Britain with all it's shady ugly immoral people. She has done business with gangsters in her empire building and burst into tears when confronted and played the naive silly sweet girl when found out when 99% of the time she portrays herself as a super intelligent no nonsense lawyer.
I despise the Tories for not reversing housing policies in the UK in recent times, but that will never be matched by the hate I have for this woman and her murdering husband.
Nah it is Equity that is evil and immoral wealth extracting, houses are the investment of choice of the socialist classes. House in Islington or FTSE 100, wonder which will fair better come the Revolution of 22. Even the Rent a Commies in the Labour party have more than one property.
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1 minute ago, Riedquat said:
On tides the idea of a barrage across the Severn estuary gets trotted out every now and then and then forgotten about it seems. I've not heard any mention of wave power for quite some time (it's quite the engineering challenge, making something both robust enough and moving, needing to survive all the winter storms for years on end).
Forget anything that is an engineering challenge, we can't do it anymore. HST...one billion quid a mile. We could only do that sort of thing with with Irish Navvies and shovels circa 1850.
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11 hours ago, AdamoMucci said:
Reminds me of the book Dow 36,000 published in 1999 at the top of the market. Not as bad though since I do not think we need to worry about Keith Fitz-Gerald of that newsletter site.
The author of Dow 36,000 though is ... wait for it ... Kevin Hassett, who became Trump's Chair of the Council of Economic Advisers a few months ago.
What could go wrong? Nothing according to Mr Hassett. "Tax cut savings will make their way into the stock market."
I think FTSE 10,000 looked like an imminent possibility in December 1999 whence it hit 6930. Well 18 years and three months on we are still waiting to move off square one.
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On 04/05/2017 at 5:15 PM, ThePrufeshanul said:
Right - only time will tell whether a computer will ever compete with Picasso or Mozart.
But what we are talking about here is whether AI will replace the bulk of jobs. And the bulk of creative artists are not like tortured Russian novelists. They are doing mainly technical work with a creative bent for low-medium fees. They design annoying radio adverts or snappy advertising logos.
Will they be replaced with the march of technology in the near-medium term?
I'd say quite likely
In spite of the march of technology all the great song writers on ranker are historic, the exhaustion of melody combinations and the collapse of the music industry are to blame. Mozart is on ranker btw. I tried in 2014 to rank the greatest popular composers and came up with these on here in 2014 (topic archived) before I realised there was a ranker...I certainly didn't embarrass myself with only Ulveveaas/Andersson and Lloyds Webber not featuring. In Abba's case, US Anglo Saxon bias perhaps and in Lloyd Webber's case not making the connection to his global mega smashes covered by different artists.
My list from 2014....
1. Bacharach (ranker 52)
2. Paul Simon (ranker 3)
3 Lennon (ranker 1=)
4 Lloyd Webber ( ranker unplaced)
5 McCartney (ranker 1=)
6 Elton John (ranker 17)
7 Bob Dylan (ranker 2)
8 Ulveas/ Andersson (ranker unplaced (my comment crazy))
9 Mercury (ranker 25)
10 Wilson (ranker 4)
A bloody good effort off the top of my head in 2014 nevertheless. 7 in the top 25.
Anyway the music industry for me is now watching repeats of TOTPs 1985 currently showing on BBC 4 and old groups touring. Tonight at Sheffield, Fleetwood Mac with the great Stevie Nicks and Lindsey Buckingham (both feature in the 100 ranker) Even today's youth couldn't put one of their own in ranker, thank God (surprising because ranker is biased to the recent)...it's all computer riffs now. Boomers stole all the melody combinations and the computers are not coming up with anything new.
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3 hours ago, ccc said:
Prague, Amsterdam, Berlin ?
I've stayed a week at Prague. Lovely centre, very grim once you get to the suburbs.
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Not surprised really, European cities are brutalist concrete dumps and they don't do trees and parks to quite the same extent. Our large towns and cities are probably the most interesting in the world, bio diversity, historic diversity, footpaths, canal towpaths etc. Perfect for the urban strollers.
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6 minutes ago, GregBowman said:
I never quite get that thinking genuinely, if all other asset classes perform poorly where are people going to put their money?
Being a bit faceitious because the thinking is we are in an Equity bull. Wealth is relative not absolute so most of us are getting our assets trimmed and it doesn't make that much difference. It will go up again.
I guess if you are in a defined State retirement scheme it makes no difference at all and those with cash deposits will probably be breathing a sigh of relief.
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Perhaps we can get a reset on some other stuff back to 99. Houses were under 100k, and have since grown 183%. Gold has gone nearly 400% from $290.
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Well we got there in the end. Reassuringly we are sub 30th December 1999 on the FTSE 100 whence a 6930.5 marker was set.
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1 minute ago, Option5 said:
Most of the shares will have existed so making a valuation of those shares as an index should be a fairly simple process.
Also I guess they would have to change the historic make up with promotions and relegations, but simple for a computer programme.
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7 minutes ago, Kosmin said:
According to this link the all time low is 427.50 reached during February 1978.
https://tradingeconomics.com/united-kingdom/stock-market
But I thought it was started in 1984!
Working backwards and basing it on 1984 (1000) I would have thought. Would probably have been a 100 tracking index in existence to make that easy.
But yep pre 84 only the FT30 was ever quoted.
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20 minutes ago, MattW said:
This is good news for me. I'm a grade 2 'pen pusher' at a hospital trust. Been going up the scale @ 1% a year but no inflationary rises over the past few years.
And before anyone argue that 'the NHS needs more clinical staff, not admin staff' , those patient records aren't going to process and/or dispatch themselves.
I'm guessing that's a keyboard tapper these days.
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1 minute ago, ccc said:
To put it in its most basic. This means if you covered the entire European continent in wind farms. 50% of the output would come from Scotland alone ? Nah - I cant see that. Sounds like a dodgy sales pitch !!
I bet there are a bunch of * beneath that claim wherever it is from.
Huge potential here though yes that's for sure.
I think it might be uneconomic even to try in most parts of Europe. I'm sure they could generate a lot more if they threw enough money at it on loss making turbines.
DOW falls 1100 points
in House prices and the economy
Posted · Edited by crashmonitor
In real terms the FTSE 100 index (adjusted for rpi) would stand at 4141 today basing it on December 1999, 6930. However, rebasing it to January 1984 start of 1000, the rpi adjustment takes it to 2157 today. So a 40% fall from 1999 or a doubling since 1984 depending on your point of reference.
It clearly needed the froth taking off the top from the bubble that formed 1984 to 1999.