Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

Activities are moving fast from high street retailers to internet retailers. EVen cars, cloth, electronics etc are bought online.

Companies like ASOS are cashing in. Internet providers and telephone companies are making money like never before. Even in Greece everyone is trying to buy an smartphone.

The situation is not as bad as they project in the numbers for countries, as most statistics comes from historically big high street retailers only.

fire in nuclear submarine in US is extinguished.

Ahoj reply to your post on chart attack thread.......

ahoj - 24 May 2012 09:05 - 2698 of 2699
The assumption is ridicules now... assuming that a fall in manufacturing activities means the end of the world.
While there is little competition between most manufacturers, they make money ..ENDS

Yep but ahoj the fact is the modern manufacturer is so capital intensive that he barely needs labour as to the extent of the older historical manufacturers ie, textiles engineering etc and less employees means less jobs and therefore less consumption and less demand in the economy, the multiplier being at historicaly low rates and also money supply on m1 m3 and m4 contracting at record levels.

The key to getting this country back on its feet is through the highstreet(including online) and home services sector.

We need a reduction in VAT on both to stimualte demand and to expand the money supply naturally not through QE but demand led with the economic multiplier distributing further cycle growth.

Of course this would mean a lag on public revenue/tax intake so a one off tax on the banking sector could cover the short fall created by the reduced tax intake.

The expansion would lead to more jobs more people spending and in the long run more tax revenues.

Weve got it wrong at the moment tinkering around the edges with red tape reform etc. fact is the small amount that has been cut in the deficit so far is down to tax rises, it hasnt been cut via spending cuts, thats still to come.

And you have to remember the Bond markets sooner rather than later will see through this and it wont be long before the UK govt is called to account and we would be in danger of seeing higher interest rates.

I accepted an offer of 270k on my house which was valued at 320k a year ago! I am going to live with my girlfriend.

Was it right decision? I don't know, but I need the money to pay my debt ... losses in the market!

Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www.djreprints.com
See a sample reprint in PDF format. Order a reprint of this article now May 22, 2012, 2:18 p.m. ET.ISDA Triggers Payouts On Houghton Mifflin Harcourt Publishing .
NEW YORK (Dow Jones)--A financial-market trade group ruled Tuesday that derivatives covering investors against a default by Boston-based publisher Houghton Mifflin Harcourt should receive compensation following the company's bankruptcy filing.
A committee of the International Swaps and Derivatives Association Inc. unanimously decided to trigger credit-default swaps protecting against losses on the company's debt, ...

NEW YORK (Dow Jones)--A financial-market trade group ruled Tuesday that derivatives covering investors against a default by Boston-based publisher Houghton Mifflin Harcourt should receive compensation following the company's bankruptcy filing.

A committee of the International Swaps and Derivatives Association Inc. unanimously decided to trigger credit-default swaps protecting against losses on the company's debt, ...

SmartMoney Glossary: bankruptcy,

.

Yes - the one that really annoys me, is people asking 'can I get' instead of '(please) may/can I have' - I often heard hear this in pubs and restaurants. I can only assume that they want to help themselves!

.

skinny - Thanks for your good wishes, hip op went well and she (who must be obeyed) was in good form when I went to visit tonight. Apparently exercises start tomorrow, as soon as she can walk up and down stairs with the aid of 2 sticks she can come home. Miss trading but to be honest enjoying the weather more and won a tight golf match this morning, sell in May would appear to be good advice this year so some good bargains awaiting or not as the case may be down the line. Trust you are making a few bob. Cheers Chris.

PS

On the salads now, seen the error of my ways in the mirror this morning, anymore Mickey D's in danger of becoming a fat baxxxxd :O)

May Be Scrapped by EU Lawmakers
By Jim Brunsden on May 24, 2012 Tweet

NYSE Euronext

$24.5 USD
-0.33
-1.35%
Company Lookup

Go Deutsche Boerse AG (DB1) may win a reprieve from draft European Union proposals to force exchanges to open up their derivatives clearing services to competition.

Some members of the European Parliament are seeking to scrap part of the proposals by Michel Barnier, the bloc’s financial services chief, amid fears they would threaten market stability, according to a document obtained by Bloomberg news.

The legislators are concerned that Barnier’s plans to boost competition will “fragment liquidity in trading platforms,” which “played a vital role in promoting stability during the financial crisis,” according to the document that lists proposed amendments to Barnier’s draft law.

EU antitrust officials vetoed merger plans by Deutsche Boerse and NYSE Euronext (NYX) (NYX) in February after concluding that the combination could threaten competition for trading in some derivatives. Barnier urged Joaquin Almunia, the EU’s antitrust chief, to take the competition-boosting effect of the draft law into account when deciding whether the merger should be permitted.

The move by the lawmakers “underpins” Deutsche Boerse’s position that open access to exchanges’ derivatives trade feeds “will endanger market integrity and lead to increased systemic risk,” Stefan Mai, Head of Market Policy and European Public Affairs at the Frankfurt-based exchange, said in an e-mail.

Competition Barriers
Barnier’s plan would require exchanges to share data on derivatives trades with rival clearinghouses, so allowing them to compete for business. The commissioner has said the measure is needed to tackle barriers to competition and so reduce costs for investors.

Some lawmakers from the parliament’s Christian Democrat, Socialist and Liberal groups are warning instead that the measure may threaten financial stability, by weakening clearinghouses and making them less able to cope with a large bank failure, according to the document.

“It would be a pity and yet another example of short- sightedness in policy making if the EU opts to row back on measures to improve competitiveness,” Richard Reid, research director for the International Centre for Financial Regulation in London, said in an e-mail. “Ultimately for end users, well regulated, transparent and open markets are better for choice and costs.”

Broader Overhaul
Barnier’s plans are part of a broader overhaul of the bloc’s financial market rules, known as Mifid, published last year. The draft law also includes curbs on high-frequency trading and a crackdown on so-called dark pools, private venues that don’t display prices in advance.

Clearinghouses such as LCH.Clearnet Group Ltd. and Deutsche Boerse’s Eurex Clearing operate as central counterparties for every buy and sell order executed by their members, who post collateral, reducing the threat from a trader’s default.

The parliament’s economic and monetary affairs committee is scheduled to vote on its opinion on the draft law on July 9, according to the assembly’s website. The legislation must be approved by the parliament and by the EU’s national governments before it can come into effect.

Governments clashed last year over whether to include similar provisions to bolster competition in a separate Barnier proposal to regulate trading in over-the-counter derivatives.

The U.K. gave up demands for the data sharing provisions to be imposed for exchange-traded derivatives in return for a promise from Barnier that the measures would be included in the Mifid proposals.

To contact the reporters on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net.

All the best to your wife Chris in her recovery.

Cheers DC

'Cloaking' idea traps a rainbow

Researchers have trapped a rainbow - slowing light to a near-stop - in an array of 25,000 "invisibility cloaks", each smaller than a hair's breadth.

England match tomorrow night.

Do we really have a chance this time at Euros?.

Going to wembley tomorrow to watch huddersfield hopefully beat shef UTD. Bet theirs a 80,000 crowd maybe more.

2 historical giants.

Do we really have a chance this time at Euros?.

No way. Englebert Humperdincks to old to win.

Yes, the chance exist, something between Zero and 1%. IMO
Never say Never!!

LOL made me chuckle GM.

Seem to be shit at everything we do these days.

Anyway im going to enjoy the Euros no matter what, got 6 crates of stella in 10 bottles of spirits and to cap it all 2 cases of shit hot bombay mix........ brilliant.

England goalkeeper John Ruddy has been ruled out of Euro 2012 after breaking his finger in training.

Jedward are going to win Eurovision . They proved Simon Cowell wrong , they have become more successful then some of the X Factor winner's

Having been totally and utterly impressed by Gary Neville's take and analysis on 'matters football' with his recent punditry on Sky Sports, I will be interested to see if he brings a beneficial influence into England's style of play.

I reckon he will.