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PaulParanoia

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About PaulParanoia

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    HPC Poster

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  1. PaulParanoia

    I have a cunning plan

    Can't imagine many people would a) give a billboard covered in so much text a second look and b) bother googling the search phrase for something so boring. Let them waste their money in a last ditch desperate attempt at distorting reality.
  2. The film Ready Player One shows us the future of housing ...
  3. PaulParanoia

    Authorised push payment scams

    A Win 7 machine with no updates for 2 years is an extremely easy target for a script kiddie, let alone a professional hacker.
  4. Have you taken AWS into account with your analysis of Amazon? Amazon’s revenue has soared in recent years as shopping has moved online and businesses have moved their computing operations to the cloud, where Amazon Web Services (AWS) is the biggest player. AWS accounts for a majority of Amazon’s operating profit. https://www.reuters.com/article/us-amazon-com-results/amazon-revenue-soars-as-cloud-retail-businesses-dominate-idUSKBN17T2ZK
  5. PaulParanoia

    CPI at 3.0%, CPIH at 2.8%

    CPI is measured over 12 months. The pounds up about 8% against the $ over the last 12 months and pretty much static against the Euro. I'd expect to see another small increase next month, maybe up to 3.1%.
  6. PaulParanoia

    Toys R us goes bust (US and Canada)

    My kids (8 and 9) love a trip to Smyths. They don't have to wait for the post and Smyths prices are quite often the most competitive anyway.
  7. All you'd get in my home town in Essex is a couple of 1 bedroom retirement flats. Crazy.
  8. PaulParanoia

    Did I dream this...barclays bank

    They'll lend you 100% LTV on this too. Bubbletastic!
  9. PaulParanoia

    Budget 2017 - No spending sprees

    This means that sole traders and partnerships which have a turnover of less than £150,000 will be able to use the 'cash basis' method of accounting on their tax returns. This means they base their accounting on actual cash spent (expenses) and received (income) in the tax year (rather than figuring out which receipts and expenses should apply to the accountancy year under accrual rules). Looks like they are going to let Landlords use the same method too.
  10. PaulParanoia

    Financial illiteracy

    Banks have to hold reserves to settle transactions with other banks. There are no fractional reserve requirements for UK banks https://en.wikipedia.org/wiki/Reserve_requirement#United_Kingdom Barclays can't loan you £100 quadrillion because if you were to pay that money directly into another bank, Barclays would not have enough reserves to settle the transaction with the other bank. It is a combination of this reserve requirement and interest rates which is 'supposed' to control the amount of money in the economy.
  11. PaulParanoia

    Mortgage approvals up.

    I thought the BoEs remit was to target inflation, not employment figures. When was their remit changed?
  12. I wouldn't say its fun by any stretch of the imagination but I do try to make good use of the time on the train. The real issue is that so much UK business is centered on London. I can earn twice as much in the city as I can locally and also afford a much more spacious property to house my family.
  13. From the BBC ... I am also told that a new effort to kick-start the housing market will be a significant part of the Autumn Statement. It will focus on encouraging local authorities to partner with smaller house builders to build social housing. One idea under consideration is a government indemnity fund, with the government agreeing to underwrite (insure) billions of pounds of risk capital needed to support new house building. http://www.bbc.co.uk/news/business-38049833
  14. 2.5 hours a day (plus train delays) in / out of the City of London for me (45 mins train with 15 mins walk at each end). It's not all bad though. Primarily housing is much cheaper 35 miles outside central London which means we have a much more spacious house than if we lived closer to the city. The walking to / from the stations keeps me fit (I could drive from home to the station but choose to save the extortionate parking fee). And the train journey gives me time to read books and watch some TV shows (things I have little time for at home). I do usually work from home at least 1 day a week to break the monotony though.
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