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.

aldwickk - 16 Sep 2011 23:09 - 12299 of 12447

mnamreh -& T I M

Did you both go on to Grammar school ? i went to a shit sec mod in Shepherds Bush.

ps I was distracted when i took the test that's my excuse
Fred1new - 17 Sep 2011 10:13 - 12300 of 12447

It tells.


Fred should join ` The Them And Us Party ' because a true Socialist would not make snide remark's about a working class boy who only went to a Sec mod school.

Just show's what a two faced hypocrite he is.

Aids,

Some had impediments, which they were able to overcome.

Others seem to cling on to them and wear them as medals for the rest of their lives.

I have been watching Ed Milliband's speech at the Labour Conference. A very poor showing.

What a load of drive!

That is one interpretation.

Not sure how a person can be so right on ME and so wrong on other subjects.

I suppose personal positioning.

But of course you have a right to be wrong.

8-)

When will the Cameron and Osborne recession start.


o

The trader Interview.

An honest man.

Most of us already knew that traders, brokers, bankers, politicians and the like, only ever think of number 1 and have the 'I'm alright jack' attitude.
In fact about 99.99% of all those in positions of power, both in politics or/and positions of being in power to use other peoples money only ever think of themselves, and don't give a toss for anyone else.
The remaining .01% are those few who are just starting out with good intentions, who probably fail to get anywhere they could do any good anyway.

Its a dog eat dog world, and before they kick you to death first (metaphorically speaking) best to be prepared.
Mind you, there are still plenty of people out there, who believe here is some good in everybody, and are always ready to see the best in people.
It is often these bleeding heart liberals that do the most harm, as they tend to be the ones who defend the indefensible.

Rant over. Back to the bottle!

Shows how farcical the markets and those who try to control them are.

Only yesterday, the headlines were. 'Markets substantially up, due to confidence that EU leaders look close to agreeing a plan'.
When I read this, like most people, I thought it would only delay the inevitable, so no change there then.
This morning the headlines are, ' Markets expected to dip, over splits between EU members'.
I wonder how many times over the next few days, weeks will we see headlines, re market confidence one day, lack of the next.
Headlines like these are purely so that traders can make mega bucks.
Like that trader said on the BBC item, they don't give a toss about anyone but themselves.
Re the Eurobond.
If the idea is progressed, along the lines suggested, I feel the term Zombie Bonds will gain a new meaning.

Does Ezra Milliband have any offshore bank accounts, or offshore registered limited Companies. Of course he does, a typical im alright jack.

Its World Rabies Day !

I can't understand why most people want todays German vote to go through as a YES.

I may be in the minority here but I hope the vote does not go through.
All a 'Yes' vote will do is delay the inevitable.
I am all for getting this over with, as soon as possible.
It is only then that the new world order (financial and political) , and that is what it will be, can start to re-build.
I can't understand why people who agree that chucking good money after bad, is a good idea, want the EU to continue down a road that has been proven, will lead to nowhere but a dead end.
The sooner we face the inevitable fact that the EU in its present form, is dead the better.
As investors, we are always, I hope looking to invest in areas that will give us good returns and not loose us money.
If the current EU was a company in which we held shares, and the board continued to ask for cash calls, due to continued monetary problems, I bet most on here would recommend sell, and would laugh at anyone who continued a 'Buy' recommendation.
It may be simplistic, but I can't see much difference with the company of EU Ltd

Greek.

It seems to me that the majority of posters on this thread are gamblers rather than investors and don't care a toss about much beyond their own personal quick gains.

It seems the "value" of a company is of little concern and the bet is often on the whim of the market.

The only "information" acted upon, is whether the "share price" of a company is likely to go up or down, not on any intrinsic value of the company, although that plays a part in defning the share price.

Short term market principles of "barrow boy economics".

============

The consequences of not "bailing" the "Greeks" out, maybe the collapse of the European "trading market" with which the UK export trade is over 40%.

I suppose that if you have an insurance against drop, or collapse of a sterling pension there may be personal gain from the demise of the the EU, especially for shorters.

==========

I doubt that the market will break up, as is seemingly wished for by many, but think that there will be more polictical integration over the next 10 or more years.

------

The tory conference will fun to watch from the sidelines.

---------


Pat Cash for Prime minister.





----------------------------------------------------------------



I know he was a tennis player, but he is would be better than Bill.

All very well for Fred to take the moral high ground, I wonder how many people retiring in the last month would agree with a buy and hold philosphy especially if they were badly advised?

The effect of not bailing out Greece would be Greece leaving the Euro. That might lead to a few others leaving over time. That has no bearing on the European trading market. We had the European trading market before the Euro. It is more about there being no tarrifs and ease of trade. The actual currency is not important.

The importance of the currency is stability and ease of trading and with more political amalgamation both will be facilitated.

If the USA can have a semblance of unity and being economically and politically successful, then although the population of the EU is larger then further integration is feasible.

Compare the size of India, China etc.

The groups who do not wish such integration are the personal profiteers.

There would be a huge advantage for Greece to leave the Euro now. They could devalue their currency, which would have been the action if they were not in the Euro. The membership of the Euro is effectively maintaining their currency at an artificial high. Greece should not have joined the Euro at all. At the first attempt they were refused as they did not meet the 4 convergence criteria, which included things such as the rate of inflation, defecit/government debt, currency stability (acheived by joining the ERM for 2 years with devaluation if necessary) and interest rates to be not more than 2 percentage points higher than in the three lowest inflation member states.

At the second attempt Greece faked the criteria as did Italy when they joined. The EU turned a blind eye even though they knew what was going on. It is said that as many as 6 countries have faked the criteria. No surprise then that they are the ones having problems.

Of course Fred doesn't invest on the stock market to make a quick profit , and when he does he give's it all to the poor , or maybe he just takes another long holiday to France.

Haystack,
Agreed. There is no alternative for Greece but to both default (at least partially) and leave the Euro, as almost everyone accepts that they can not survive much longer in the Euro fold.

As to the German Vote.
So the close vote turned out to be overwhelmingly for the motion re the increased bail out fund.
When you are so desperate that everything appears lost, I suppose you only have self delusion left.
What a load of wimps, and when/if it ever comes to our so called leaders debating the issue of shall we shan't we leave the EU, the same wimpy decision will result.
Patient is dead, but still won't lie down.

I am thinking of applying for another Credit card. Anyone know of one that has similar borrowing conditions and rates as the one the EU gave to Greece.
You know the one.
Borrow a huge amount with no chance of paying it back.
When the interest charges on the amount that you can't pay back, reach an amount where you are facing bankruptcy, then they force you to borrow more on threat of banishment from all possible future financial product.
Each time your monthly bill arrives, it is accompanied by an even more tempting offer to borrow more, but this time at reduced interest.
An accompanying letter then states, that if you fail to pay, you will be allowed to default on part of your loan amount (great that idea, encouraging you not to pay).
Of course as an individual, such conditions attached to a credit bearing system would be banned by such as the FSA and other such bodies.
Still, I suppose if the credit card issuing company could allow extensions of time by printing money and being backed by other people who don't have such a card, that would be OK.
The good (sic) ship EU like the unsinkable Titanic hit an iceberg long ago.
The captain of the Titanic went down with his ship, whilst most of the passengers made the lifeboats.
The EU is still afloat, but sinking fast.
The big difference is that when it does sink, the captains will make sure they are OK, whilst leaving the passengers to fend for themselves, as there will be no lifeboats left.
Will the last one out, switch of the light, that is if there are any left still burning.

Headlines.

The EU is to investigate 'The Dogs that did not Bark'.

This refers to all those auditing companies that failed to spot the toxic debt being built up by the banking system, when they audited the world banks.

But wait a minute, is this the same EU that has not had it's own accounts signed off for the last god knows how many years, for the sole reason that they (like the banks accounts) don't add up.

It has been suggested the EU's financial watchdog, had systemically "sabotaged" investigations and caved into intimidation from countries including France and Italy to cover up fraud.

The investigation into the banks auditors will be carried out by the same EU financial watchdog.

Lunatics running the asylum, shouting Pot Kettle spring to mind.

Hays,

Being outside the EU hasn't help the UK much.

How much has the Pound devalued against the Euro, since the Con/coalition has been in confusion.

GDP going down the spout.

Maybe going back to France.

(Need all the cash I can lay my hands on, even with the business account.)

Seems that the Germans have more sense than to break the EU up.

But, I could see that if UK is too awkward they may, but reform with a new union and constitution without the UK being involve.

Many of the French seemed to think it feasible!
.

.

http://www.bbc.co.uk/news/uk-15120522