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About skomer

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  1. It was reported yesterday by UK Health Minister that the rate of infection is doubling every 4 days (last week new reports suggested every 3 days) but the figures are open to interpretation. By yesterday (February 3rd) the reported infection rate was circa 20,000 so based on current rates (and with R0 of 4) then in weeks time it will be 80,000 by Feb 29th over 1.5 million. By March its a global pandemic ... even my booked trip to Spain might be in doubt by then. I'm starting to watch reported figures very closely hopefully infection rates will slow but there is no guarantee...
  2. There is probably a deal to be done with the small scale artisan fishermen from Normandy & Northern France & Ireland but the Dutch super trawlers the length of football fields can go elsewhere... https://www.itv.com/news/2019-10-03/the-super-trawler-just-14-miles-off-brighton-capable-of-landing-6-000-tonnes-of-fish/
  3. Didn't expect to see this... but IKEA confirmed today that it is closings its Coventry store... something about a poor location and the store has never made a profit..... https://www.theguardian.com/business/2020/feb/04/ikea-close-store-jobs-coventry-city-centre
  4. Just out via the Land Registry London house prices suffer biggest slump since 2009, as pound keeps dropping - business live https://www.theguardian.com/business/live/2019/jul/17/brexit-fears-pound-lows-uk-inflation-house-prices-business-live
  5. Berlin City state is buying back privatized flats... Berlin’s mayor said the move was indicative of a wider strategy to reacquire housing stock sold to private investors in the 1990s, following rapid rises in rental costs in the city in recent years. “Berliners should be able to continue to afford living in the city,” said Michael Müller. “That is why it was and continues to be our intention to buy up apartments wherever we can, so that Berlin can regain control of its property market.” https://www.theguardian.com/world/2019/jul/16/berlin-buys-670-flats-on-karl-marx-allee-from-p
  6. Article from Todays Guardian re San Francisco and impact of Tech..... SFC has a unique geography but my impression is London is heading the same way....... https://www.theguardian.com/cities/2019/jul/01/san-francisco-big-tech-workers-industry Some choice quotes... "The arguments against San Francisco are manifold: it’s too expensive even for people making six-figure salaries, it’s dangerous and depressingly unequal, and, increasingly, it’s kind of boring" "“The housing crisis has a huge negative impact on quality of life because of who it excludes from living near you,” sai
  7. Emergency measures for Australia and its property market?.... https://www.theguardian.com/business/2019/jun/21/australian-interest-rates-head-for-1-as-emergency-measures-loom-for-economy "..........An independent economist, Lindsay David, of LD Economics, said he would favour a move to QE before any rate cuts because it would have more impact on the economy, which was suffering under the strain of falling property prices. He said the RBA governor’s remarks betrayed serious concerns. “Something severe must be happening for the RBA to be firing the few bullets they have left. Aust
  8. This was his dismal record in London and he will try to apply it across whole of UK.... was great for overseas capital but dire for ordinary Londoners and housing...... basically Londoners pushed out and replaced by global (laundered) money no questions asked ..... How long Scotland will put up with it I don't know (I'm in SE England) ... but I know he is really unpopular there and a great rallying call for Nicola .... I'm more convinced now that I will see an independent Scotland within 5 years if he becomes PM..... Then those that still identify as British will have to make some choice
  9. Labour reveal future plans for property sector https://www.politicshome.com/news/uk/political-parties/labour-party/news/104337/labour-could-stop-renters-paying-council-tax https://www.theguardian.com/business/2019/jun/03/labour-could-speed-up-plans-to-reveal-details-of-uk-property-owners How this will go down in the country I'm not sure but I can predict what the Conservatives and Lib Dems reaction will be....
  10. Caught this article in techregister (think it is from the FT)... https://www.techregister.co.uk/the-squeezed-one-percenters-are-they-right-to-feel-worried/ Some choice quotes "A consequence of the UK property market, most notably in London and the south-east, and the above-inflation rise in school fees is that individuals who 15 years ago would have felt they could afford most things within reason now find themselves significantly stretched,” says Caroline Burkart, a director of Scorpio Partnership, a strategy consultancy to the wealth management industry...." “Perhaps when
  11. Hot off the press... http://www.morningstar.co.uk/uk/news/AN_1551348846908867800/foxtons-group-swings-to-annual-loss-on-weak-london-property-market.aspx LONDON (Alliance News) - Foxtons Group PLC on Thursday said it swung to an annual loss due to the continued deterioration in the UK property sales market. For 2018, the estate agent posted a pretax loss of GBP17.2 million compared to a GBP6.5 million profit a year ago. This decline was mainly driven by lower revenue and investment in people, brand and technology, Foxtons explained. Revenue fell 5% year-on-year to GBP111.5 m
  12. Based on recent polling after the emergence of the 'Independent Group' last week the anti-Conservative vote would be split resulting in May (or successor) with biggest number of seats, possibly a majority on a reduced Conservative vote percentage ..... It would be a rerun of 1983 election again when Thatcher wins a landslide on 42% of the vote..... LibDems/TIG & Labour fighting it out in a FPTP election... not a good outcome... http://www.deltapoll.co.uk/wp-content/uploads/2019/02/MoS-Deltapoll190223_pdf.pdf
  13. Finland's recent universal basic income experiment will be coming to an end.... mixed results https://www.wired.co.uk/article/universal-basic-income-policy-universal-credit ".....What the researchers found was that the income people received made an negligible difference in employment rates, but it did make a difference to people’s wellbeing...."
  14. Another take on the wolfstreet article... its gaining traction... Let the Bloodbath begin........ https://www.news.com.au/finance/economy/australian-economy/let-the-bloodbath-begin-house-prices-in-sydney-and-melbourne-could-halve-in-worst-crash-since-1890s/news-story/5918ea13042d5f819cb13c77629f060a#.y0wyv If this proves to be correct I expect the first London Pret to have a majority of Australian Servers in 18 to 24months time..
  15. Story in todays FT....(behind their pay wall)... https://www.ft.com/content/a8e529e4-307a-11e9-8744-e7016697f225 Gist is a lot of unsophisticated investors in SE Asia have no protection against falling prices....even the developers are being hit...
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