The new business thread.

Discussion in 'The Clubhouse Bar' started by shtove, Dec 23, 2008.

  1. shtove

    shtove Guest

    <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 10:20 AM) <{POST_SNAPBACK}></div>
    Fixed for greater justice. As The Economist pointed out last week:

    <div class='quotetop'>QUOTE </div>
    [/b][/quote]
    You still reading that rag? There's much better analysis on the web - for free!

    What was it you said about BoE v ECB rates? Even I got it wrong, thinking they'd simply equalise. But you got it soooo wrong it's not funny!

    Weak pound = good for exporters + bad for people who eat food + disastrous for a debt based economy with low savings.

    I know what you're going to say - inflation will kick in and provide effective debt forgiveness. But that requires wage inflation, which is NOT going to happen. Your faith in Broon & Dalek is funny.

    I am shocked - shocked! - to find you're a NuLab supporter.
     
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  3. Prestwick

    Prestwick Guest

    <div class='quotetop'>QUOTE (shtove @ Dec 23 2008, 12:03 AM) <{POST_SNAPBACK}></div>
    Definitely! There are lots of sources out there for free, for example, economist.com ;)

    Web "analysis" I would take with a pinch of salt. Always. Take it on board yes, but not follow it slavishly. The Economist always manages to balance views with logic and common sense. Its rational which 90% of most bloggers out there definitely aren't.

    <div class='quotetop'>QUOTE </div>
    Obviously, because I got it "soooo wrong" that would make your miscalculation only a minor one. Puh-leez, thats like Gordon Brown saying "huh, look at Iceland, they got it sooo wrong its not funny! We on the other hand were only slightly wrong by forcasting growth for 2009!" :rolleyes:

    And actually I'm going to say that with the way commodity prices are going, the way the likes of China and India are slowing down and when you take all that into account, I think we're in for a very long and painful ride into deflation and recession.

    As Japan, a nation with one of the largest savings reserves in the known Universe has shown, a prolonged recession regardless of the strength of the currency is bad. Period. Its correction, there won't be "debt forgiveness" but a painful correction which will weed out the crap from the economy. Recession is needed and necessary after the indulgences and excesses of a frankly scandalous Labour Government.

    My faith is in the UK business to blunder through the hurricane which is probably better placed than your faith in your do nothing and say nothing European overlords at the ECB and European Commission. Yes, the former sits there and shakes its head, powerless to intervene short of shuffling the interest rate deck chairs on the SS Eurozone and the Commission just sits around, re-hashing existing spending commitments or disguising existing economic stimulus packages by individual nation states as their own. Also, Mr Baroso gets to go on a whole load of new paid for jollies, sitting with various world leaders, nodding his head and occasionally saying the odd "I agree" and "here here!" Pot calling kettle black perhaps? ;)

    <div class='quotetop'>QUOTE </div>

    How exactly you've come to conclude that I'm a supporter of a party who wishes to push Britain further into the EU and towards the Euro is beyond me. Unless of course its because you're just saying that to hide that fact that you actually haven't got a point at all! It all becomes so clear now! :lol:

    So, if you want to take that further, just create a new thread. Until then, can you set out how an English Regional Franchise would work? ;)
     
  4. gingergenius

    gingergenius Guest

    <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 AM) <{POST_SNAPBACK}></div>
    Definitely! There are lots of sources out there for free, for example, economist.com ;)

    Web "analysis" I would take with a pinch of salt. Always. Take it on board yes, but not follow it slavishly. The Economist always manages to balance views with logic and common sense. Its rational which 90% of most bloggers out there definitely aren't.

    <div class='quotetop'>QUOTE </div>
    Obviously, because I got it "soooo wrong" that would make your miscalculation only a minor one. Puh-leez, thats like Gordon Brown saying "huh, look at Iceland, they got it sooo wrong its not funny! We on the other hand were only slightly wrong by forcasting growth for 2009!" :rolleyes:

    And actually I'm going to say that with the way commodity prices are going, the way the likes of China and India are slowing down and when you take all that into account, I think we're in for a very long and painful ride into deflation and recession.

    As Japan, a nation with one of the largest savings reserves in the known Universe has shown, a prolonged recession regardless of the strength of the currency is bad. Period. Its correction, there won't be "debt forgiveness" but a painful correction which will weed out the crap from the economy. Recession is needed and necessary after the indulgences and excesses of a frankly scandalous Labour Government.

    My faith is in the UK business to blunder through the hurricane which is probably better placed than your faith in your do nothing and say nothing European overlords at the ECB and European Commission. Yes, the former sits there and shakes its head, powerless to intervene short of shuffling the interest rate deck chairs on the SS Eurozone and the Commission just sits around, re-hashing existing spending commitments or disguising existing economic stimulus packages by individual nation states as their own. Also, Mr Baroso gets to go on a whole load of new paid for jollies, sitting with various world leaders, nodding his head and occasionally saying the odd "I agree" and "here here!" Pot calling kettle black perhaps? ;)

    <div class='quotetop'>QUOTE </div>

    How exactly you've come to conclude that I'm a supporter of a party who wishes to push Britain further into the EU and towards the Euro is beyond me. Unless of course its because you're just saying that to hide that fact that you actually haven't got a point at all! It all becomes so clear now! :lol:

    So, if you want to take that further, just create a new thread. Until then, can you set out how an English Regional Franchise would work? ;)
    [/b][/quote]

    I don't like New Labour either (I voted left list last time round) but what is wrong with pushing Britain into the Euro? I'd be delighted if we got the Euro... don't care too much about the economics of it since everything seems to work like a rollercoaster anyway, but it's so much more convenient.
     
  5. Bullitt

    Bullitt Guest

  6. danny

    danny Guest

    Its like watching "question time " with Jade Goodey
     
  7. shtove

    shtove Guest

    <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) <{POST_SNAPBACK}></div>
    A few links to US bloggers who called this mess a long time before the academics at the Economist:
    http://www.calculatedriskblog.com/
    http://globaleconomicanalysis.blogspot.com/
    http://www.nakedcapitalism.com/

    They are excellent. And if you want some ranting - but still good - analysis:
    http://market-ticker.denninger.net/index.html

    <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) <{POST_SNAPBACK}></div>
    Sadly, I agree with your view.

    Japan were a nation of savers, while the UK and US are debt junkies. Big difference. Recession was needed after the dotcom bust. Too late now.

    <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) <{POST_SNAPBACK}></div>
    It will be interesting. My hunch is that the Germans are right - they'll suffer a manufacturing recession and NOT bail out bad debtors. Bad, but not as bad as the UK's coming disaster.

    <div class='quotetop'>QUOTE (Prestwick @ Dec 23 2008, 11:42 PM) <{POST_SNAPBACK}></div>
    I beg your forgiveness - for some reason I mistook this guy for you:
    http://uk.youtube.com/watch?v=5stftd5qv3M
     
  8. Bullitt

    Bullitt Guest

    Lol. Gordon Brown.


    What a f***ing twat he really is.
     
  9. gingergenius

    gingergenius Guest

    <div class='quotetop'>QUOTE (Teh Mite @ Dec 24 2008, 05:01 PM) <{POST_SNAPBACK}></div>
    agreed he ain't a great PM. but imo he's better than that slimy c*** Blair and the even slimier c*** Cameron. It says something about democracy that it produces smug smarmy arseholes as candidates. I'd much rather have a benevolent dictator.
     
  10. shtove

    shtove Guest

    <div class='quotetop'>QUOTE (gingergenius @ Dec 25 2008, 06:24 AM) <{POST_SNAPBACK}></div>
    agreed he ain't a great PM. but imo he's better than that slimy c*** Blair and the even slimier c*** Cameron. It says something about democracy that it produces smug smarmy arseholes as candidates. I'd much rather have a benevolent dictator.
    [/b][/quote]
    Broon will go down in history as the worst PM in ... history.

    And I wouldn't want a gangsta rapper in charge of the NHS - he'd start bumping people off because they can't pay for their drugs.
     
  11. gingergenius

    gingergenius Guest

    <div class='quotetop'>QUOTE (shtove @ Dec 25 2008, 03:32 AM) <{POST_SNAPBACK}></div>
    agreed he ain't a great PM. but imo he's better than that slimy c*** Blair and the even slimier c*** Cameron. It says something about democracy that it produces smug smarmy arseholes as candidates. I'd much rather have a benevolent dictator.
    [/b][/quote]
    Broon will go down in history as the worst PM in ... history.

    And I wouldn't want a gangsta rapper in charge of the NHS - he'd start bumping people off because they can't pay for their drugs.
    [/b][/quote]

    who mentioned anything about gangsta rappers?
     
  12. Prestwick

    Prestwick Guest

    <div class='quotetop'>QUOTE (shtove @ Dec 24 2008, 04:44 PM) <{POST_SNAPBACK}></div>
    Well, you may say that, but I put it to you that thanks to strict economic prudence and by following the golden rules on borrowing, the UK economy has been the first to go into recession, ahead of France, ahead of Germany and ahead of even Italy or Ireland which underlines the <strike>strength</strike> fragility and <strike>vibrancy</strike> weakness of UK Business for the tough and challenging times to come...
     
  13. Let them go at it. It entertains me.
     
  14. shtove

    shtove Guest

    <div class='quotetop'>QUOTE (Prestwick @ Dec 25 2008, 10:54 PM) <{POST_SNAPBACK}></div>
    Well, you may say that, but I put it to you that thanks to strict economic prudence and by following the golden rules on borrowing, the UK economy has been the first to go into recession, ahead of France, ahead of Germany and ahead of even Italy or Ireland which underlines the <strike>strength</strike> fragility and <strike>vibrancy</strike> weakness of UK Business for the tough and challenging times to come...
    [/b][/quote]
    He's now invoking the spirit of the Blitz:



    <div class='quotetop'>QUOTE </div>
    Who do you think you are kidding, Mr Hitler?

    http://uk.news.yahoo.com/21/20081227/tuk-p...-6323e80_1.html
     
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