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Everything posted by Far Out Bear
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The Ecconomy - How Will It Affect Sport?
Far Out Bear replied to Monkey's topic in House prices and the economy
the events will gravitate to more prosperous nations. i hope you enjoy your visits to china. -
save your trash talk for someone with single digit IQ. it is basic business profit / loss economics. if the price of gold is higher than its cost of production then more supply will be brought to market. otherwise, mining ceases (it is more profitable to produce something else) fiat money costs nothing and so it is profitable to create it until it is totally worthless. simple.
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Economy Is Running On Nearly Empty
Far Out Bear replied to interestrateripoff's topic in House prices and the economy
most commentators, including our elected leaders, apparently do not know the difference between production and consumption. the difference will become apparent soon enough. -
Are Any Banks Safe In This Crisis
Far Out Bear replied to interestrateripoff's topic in Cash ISA's and Savings Accounts
this inflation / deflation debate has been well over intellectualised. in the end, it is all a question of expedience (political and economic) given the situation that we are in (not the situation as it might have been had things not been so monumentally screwed up) attempting to stop the monetary expansion would result in total collapse. the cheapest method of keeping the system going is to destroy the debt through inflation (rather than bankruptcy) at least, in this fashion, the system continues to function. the danger is that the currency itself collapses as a consequence - but that is the risk that must be taken. it may surprise you to know, but i agree with most of the central bank policies being acted now - i cannot fault them, is more correct, perhaps. i only agree in light of the circumstances, even though those circumstances were created by the central banks in the first place. as i see it, it is a matter of survival now. -
Are Any Banks Safe In This Crisis
Far Out Bear replied to interestrateripoff's topic in Cash ISA's and Savings Accounts
i think you are missing the point. the question that perhaps has any merit would be to ask which banks are not safe (ie rather than which are). in a fiat system, the only reason any bank would fail is because the government allows it to. i don't think they will. i don't they will because it would undermine broader confidence and create a domino like effect. at this stage of the game, it is much cheaper to rescue each and every bank in turn, as many as is necessary to prevent a general panic. just a curiosity, you wouldn't happen to be in the deflation camp by any chance would you? -
Mervyn King At Wimbledon
Far Out Bear replied to uncle_monty's topic in House prices and the economy
? -
Governement Aid To The Housing Market
Far Out Bear replied to lypsey's topic in House prices and the economy
we're all sick and tired of all this blatant tax payer plunder. i say blatant, but clearly it is subtle enough for most, otherwise it wouldn't work. so we are a nation of numpties. great! -
Scs Sofas - £8.8m Loss In Just 6 Months
Far Out Bear replied to Its time to buy's topic in House prices and the economy
given their (probably sizeable) loan book, all those assets mean the company has some value, at least to the company's own creditors! this is the most likely and pressing reason for rescues of apparently hopeless companies. that's how i would look at it anyway. -
Scs Sofas - £8.8m Loss In Just 6 Months
Far Out Bear replied to Its time to buy's topic in House prices and the economy
naturally, i mean why let economic facts dictate (?) -
Scs Sofas - £8.8m Loss In Just 6 Months
Far Out Bear replied to Its time to buy's topic in House prices and the economy
that is the cream of the crop i reckon. -
Governement Aid To The Housing Market
Far Out Bear replied to lypsey's topic in House prices and the economy
well i happen to think he is quite correct, aged 5 or 50. -
Will it work? It depends on what the objective is. If the intention is to try to put a floor under the market, then YES, it will work. If you create enough inflation, priced in very much depreciated currency, houses will not drop as much as they might. Obviously, this has terrible ramifications. They did this in 90s, the mortgage interest relief etc. House prices collapsed around 50%, if you took into account the fall in the value of the currency, 15% if you did not (ie, nominal fall)
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Anyone know anything about this company?
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10 O Clock News Recession. Downturn.
Far Out Bear replied to macfarlan's topic in House prices and the economy
lol -
Spectacular Stock Price Drops For Builders
Far Out Bear replied to Realistbear's topic in House prices and the economy
For sure, hence my taxpayer script above. to bail out the builders is to bail out the banks. to bail out consumers is really to bail out the banks. this is always about the banks. -
Spectacular Stock Price Drops For Builders
Far Out Bear replied to Realistbear's topic in House prices and the economy
well at least the banking sector appears to be doing very well today. -
Spectacular Stock Price Drops For Builders
Far Out Bear replied to Realistbear's topic in House prices and the economy
And the final act of this script:- BAR: 'hi taxpayer' TAXPAYER: 'here you go, i've signed it for you, you just need to write in the amount' *TAXPAYER is synonymous with the word government, of course. -
Uk Life Costs A Minimum Of £13.4k
Far Out Bear replied to The 4 Horsemen's topic in House prices and the economy
You need to get out of that mindset. Insightful post, however, but for that last remark. -
Spectacular Stock Price Drops For Builders
Far Out Bear replied to Realistbear's topic in House prices and the economy
LMAO -
Taylor Wimpey Update (five Live)
Far Out Bear replied to Ash4781's topic in House prices and the economy
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What is the average number of times the big man says 'amazing'?
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Labour Down To Fifth Place!
Far Out Bear replied to Frank Hovis's topic in House prices and the economy
Here. It is not as uncommon as we thought. (But still an embarrasment for a major party in such a high profile constituency) http://www.parliament.uk/commons/lib/resea.../snsg-03779.pdf -
Labour Down To Fifth Place!
Far Out Bear replied to Frank Hovis's topic in House prices and the economy
This made me laugh. Labour even lost their registration deposit!!! -
There is a serious problem with that cartoon (although I don't knock the quality of the drawing itself) The queue should be full!