John Marwood
I ♥ cryptic crosswords
According to my copy of the FT yesterday The Chinese are going to buy NATS - the air traffic control system for parts of the Atlantic, England, Scotland NI and Wales ( but not Seighford...)
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So, this budget then, nobody care?
- Thread starter tek-monkey
- Start date
zakkwylde87
Well-Known Forumite
Hmmm. Sounds a bit worrying. I do like chinese take away though.John Marwood said:
John Marwood
I ♥ cryptic crosswords
At long last some good news - interest rates set to rise ...
http://www.independent.co.uk/news/business/comment/david-prosser-higher-interest-rates-are-coming-sooner-than-you-think-2013172.html
http://www.independent.co.uk/news/business/comment/david-prosser-higher-interest-rates-are-coming-sooner-than-you-think-2013172.html
tek-monkey
wanna see my snake?
Feeling glad I got the 10 year fixed rate now.
tek-monkey
wanna see my snake?
True. Don't think of it as a rise, think of it as the end of the holiday. Mines fixed at 5.09%, best I could get was base rate +3.5% if I'd gone on a variable and I wanted more security than that.
John Marwood
I ♥ cryptic crosswords
The Baltic Dry Index that measures freight rates for bulk goods – and watched as a proxy for the ups and downs of the Chinese economy – has dropped by 40pc over the past month.
A readers Letter to the Daily Telegraph on a new warning of a second recession and bank collapse..
"Feels a lot worse I fear. All our powder is gone - if the insurers are the next to go then bailout is impossible.
There is still a lot of pre-crisis thinking on this but that world died years ago. Most investors are flooding towards US (and other supposed "safe" nations') sovereign debt because it is what we have always done in a crisis. The trouble is: doing what we have always done doesn't always work.
Austerity or QE? Tish or Tosh really. Neither solve the problem that we have acted like idiots for at least 35 years.
Like a smoker who has chuffed away for all his adult life we have got a cough and all the codeine (QE) or stopping (austerity) won't help. It might make us feel temporarily better but it has just made the problem a whole lot worse 2 years later.
We are up to the Chemo/transplant level - some new style mix of nasty inflation/deflation or just getting rid of the debt. The longer it takes to make this decision whether this be through cowardice or a belief that the economic system since the war has been something other than an eleaborate sham, the worse the eventual outcome.
The Gold standard came and went and it took two world wars (and the rest) to convince the old guard of its demise. Now the Bretton Woods system of borrowing current propserity from the future allied to a fiat currency system is coming to an end. Seems to be little point in protracting the demise but it won't (and hasn't so far) prevented an awful lot of time, money, effort and opportunity from being wasted doing so.
It may take another great upheaval but I can see another "gold-type standard" riding into town - if that is the case then the countries which think this will happen will be hoovering up gold and platinum and the rest. "
SO
If property is set to crash, the banks about to fold, the pound due for collapse ( and the Euro/Dollar ) Building Societies will be left with negative equity, and we wont be able to import anything without it costing a fortune.
Anyone got an all year round allotment with undersoil heating for sale on the cheap?
Or are the 'experts' all wrong?....
A readers Letter to the Daily Telegraph on a new warning of a second recession and bank collapse..
"Feels a lot worse I fear. All our powder is gone - if the insurers are the next to go then bailout is impossible.
There is still a lot of pre-crisis thinking on this but that world died years ago. Most investors are flooding towards US (and other supposed "safe" nations') sovereign debt because it is what we have always done in a crisis. The trouble is: doing what we have always done doesn't always work.
Austerity or QE? Tish or Tosh really. Neither solve the problem that we have acted like idiots for at least 35 years.
Like a smoker who has chuffed away for all his adult life we have got a cough and all the codeine (QE) or stopping (austerity) won't help. It might make us feel temporarily better but it has just made the problem a whole lot worse 2 years later.
We are up to the Chemo/transplant level - some new style mix of nasty inflation/deflation or just getting rid of the debt. The longer it takes to make this decision whether this be through cowardice or a belief that the economic system since the war has been something other than an eleaborate sham, the worse the eventual outcome.
The Gold standard came and went and it took two world wars (and the rest) to convince the old guard of its demise. Now the Bretton Woods system of borrowing current propserity from the future allied to a fiat currency system is coming to an end. Seems to be little point in protracting the demise but it won't (and hasn't so far) prevented an awful lot of time, money, effort and opportunity from being wasted doing so.
It may take another great upheaval but I can see another "gold-type standard" riding into town - if that is the case then the countries which think this will happen will be hoovering up gold and platinum and the rest. "
SO
If property is set to crash, the banks about to fold, the pound due for collapse ( and the Euro/Dollar ) Building Societies will be left with negative equity, and we wont be able to import anything without it costing a fortune.
Anyone got an all year round allotment with undersoil heating for sale on the cheap?
Or are the 'experts' all wrong?....
tek-monkey
wanna see my snake?
Its OK, we can print more money!
John Marwood
I ♥ cryptic crosswords
oh yes, i have such a short memory these days, what was I thinking of?...tek-monkey said:
woh!! were going to Zimbabwe!!!
http://www.youtube.com/watch?v=-9H_W3-xHBg&feature=related
John Marwood
I ♥ cryptic crosswords
http://www.youtube.com/watch?v=Xe1a1wHxTyo
We used to get an apple and an orange for Christmas...
We used to get an apple and an orange for Christmas...
tek-monkey
wanna see my snake?
Flash bastard.