bajista
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Posts posted by bajista
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His statement is stupid. He needs to retake any economics if he ever did some and this time think outside the xy axis
UK House demand is not a single independent variable - it is a composite, of the increasing number of people he refers to, their NET DISPOSABLE incomes and their preferred locations among other things. Without looking at each of these you can't draw any conclusion at all. For instance if population increases to 200million and everyone earns just £10 a day what will happen to prices? Similarly if salaries remain at curent levels but food and energy inflation is 20% per annum they won't have pennies to spend on housing.
Similarly if Hull suddenly becomes the centre of a new industry ( yeah - a joke but just for illustration) and London loses its appeal ( as inevitably it will at some stage) it is possible to guess what will happen to the loacl markets but completely impossible to work out how the country overall will fare.
Sigh. Why do they allow these people to speak in public?
Bet at some stage he's been a GS Muppet.
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Weird - apart from anything else, the one thing you'd expect to be fairly cheap anyway in Argentina is beef...
Not sure beef is cheap in argentina - just very very good quality.
So I can't imagine that Argentine beef gets anywhere near a Big Mac -it is probably shipped in from hormone enriched US. Yumm. Not.
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How can you be bullish on precious metals and bearish on stocks?
Surely if gold increases in value then blue chip stocks will also increase in (nominal) value?
Depends on their cost structure. e.g. if their input is precious metals and their output UK consumables they will probably halve in value. If their input is UK salaries and their outputs BRICs luxury goos then they will probably quadruple
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What disturbs me about this is that we often comment here on HPC that no-one reports increases in other goods in the same way as they do increases in house prices. Yet in HH they effectively seem to want increases in the cost of everything.
I imagine the residents of HH all work for the clients of Goldman sachs
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I've always been partial to French cars.
Italian cars are all style but sadly usually no engineering. German cars are now like American and Asian cars- all engineering and no style ( although M-B and VW used to be stylish in 70s). French, especially Renault, are something in between - which is what you need for a functional object which is always on display.
Shame if that ends and I have to drive just a box with wheels
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My feeling is that this is a fake or from someone stupidly junior.
I wish it wasn't though.
My guess would be GS PR department- strategy - widen the field to all the banks - deflect the focus away from them etc etc
Muppets will buy it.
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It is gold but I am surprised how this thread has dropped from both the front page of hpc and more importantly the MSM. The BBC online coverage was little more than a Goldman PR piece and I didn't hear anything on Radio 4.
I thought this would become a big deal.
Not yet.
It becomes a big deal when someone ( volunteers awaited), gets a list of all their major clients and sends all the Chairs a recording of the muppet song....
If I ran a media company, then every time I had an exce on from a GS client I'd play that tune.
And soon. ....no more GS. Simple reverse PR.
The fact that everyone seems to be missing is that GS were right - the clients were muppets! Those clients just don't want people to remind them of that..
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They are no longer public sector.
They are simply paid for by the public but we have no control over them.
Which in fact is the true definition of public sector. If the money is raised through taxes it is public sector regardless of whether the delivery is done by an inefficient government run department or a profit seeking company led by greedy troughing management.
Private sector is when the money comes direct from the public, and is optional.
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Walt Disney issued a 100 year bond in 2006. It is good to see that a "Mickey Mouse" economy is contemplating the same thing in 2012.
I seem to recall the Murdoch empire has some too. Nice to know the UK goverment wishes to emulate such paragons of virtue
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You're saying that people who borrow money should repay it?
Crazy talk.
Crazy indeed. Good God, how is a banker to make his money with that attitude?
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Brilliant plan, intergenerational mortgages here we come. Looks like the £1bn house is back on.
Why stop at 100 years why not 1000 or 10000.
He isn't. He's thinking of perpetuity as well. ( Better known to us as interest only - as the FSA recently pointed out there are many peope out there who have no strategy for paying off their debt- it appears our chancellor just happens to be one of them)
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I'm quite relaxed about these.
I assumed the point of the 'balconies' is the railings. And the point of the railings is to allow full length windows ( more light in pokey flat) without little Waynetta and /or the pet pit bull falling to their death.
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To be exact, they are borrowing like there is no 2013.
They have either read to much Mayan prophesy claptrap or they are trying to ensure it isn't claptrap by creating the end of the world.
I don't care any more. There is no point in telling these people what will happen, they will carry on regardless, they did it with Fanny and Freddie, with the banks and CDOs and they'll do it with the govt debt. It is inevitable. Maybe the mayans were right, in a way, after all?
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30 miles West of Swansea they built the national gardens of Wales in the middle of nowhere. A quick google will show you just how many millions have subsequently been hurled at it to keep it going.
I believe they saw the eden stuff and thought they could do the same in Wales. Nuff said.
Actually, some friends of mine took their daughters to both and they preferred the Welsh version.
I'd like to add a juicy pun too but it is only 8.20 a.m.
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bastards
No. Anyone with parents will do - not just the illigitimate ones
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Thought when I saw the heading that they were going to be called Gordon and Mervyn
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curious.
My landlords haven't sold the flats they put on the market 4 months ago and have dropped the price on one twice. Very central too. I'd buy one ( if they were 25% chepaer!!)
Happy to believe there are pockets of eagerness- but generally I think the only bubbling going on is the big problem under the surface
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You are obviously well travelled and have lived in all these places to be able to rate them.
Actually I agree with him on pretty much all except phonhm penh which would be ok for a few years though not indefinitely.
Prague's pretty but lifestyle wise I'd rather Budapest.
If I was emigrating now it would be to Argentina or Chile if they weren't so far away and Spain or Portugal since they are nearer ( but I don't need to work much which might be a factor given their recessions). If was younger I'd be learning Turkish and emigrating to Istanbul
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but I thought only the 'Mickey Mousey' courses would get chucked?!?
Mickey Mouse is an important cultural icon and all courses about him are essential to our global anthropoligical understanding not to mention broadening our astrophysical experience of Pluto.
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Bull****
If they have a good offer then why not say so. If there is an offer it obviously isn't asking price or there is an offer but the people aren't proceedable or ... etc etc ... or most prob agent has friend who wants to flip it himself and is lying to prospective purchasers
Pop your low offer in writing to the EA, with an expiry deadline to cover the stamp duty issue. What have you got to lose- you can still walk away with no penalty before exchange if you change your mind?
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But since it appears News International have been running the whole police force for years I'm not sure what will change?
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I find the UK at 34% over fairly accurate (except for London), .
London is presumably 80% overvalued?
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.... and the UK banks it puts it in, give it straight back to other banks who are in the Eurozone.
If a company as large and multinational as Glaxo doesn't realise this is how it works, there is no hope for anyone....
In any case, I am not sure why they think the Eurozone as a whole is that much worse than anywhere else.
Plus, why are they worrying so much about cash when, if they are right about a meldown, their whole business model will fail.
Sigh. says it all really.
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Unilever is of course one of Britain's biggest companies, and in the business of food and household goods. I'd guess they must be our biggest legitimate consumer of basic commodities by some margin!
So in latest news boss of free market capialist company who receives ( allegedly free market) remuneration based on company earnings, complains about free market commodity participants causing his input prices to rise and reducing earnings.
Nimbyism for CEOs. VI speaking their book again.
480K And Garage Not Included
in House prices and the economy
Posted
So there must also be a right of way to access the garage too?, Or .....???