Lots of angry people today.
Discussion
plasticpig said:
gooner1 said:
"Immigrants we apparently need to get rid of." Who is advocating that?
Didn't the leave campaign say they wanted to control immigration? Stopping them coming to the UK does not stop them being immigrants as there are construction jobs all over the EU.gooner1 said:
Controlling immigration and getting rid of immigrants , are two very different things.
You assumed (wrongly in this case) the context I was using getting rid. If someone comes knocking on the door looking for a job and you tell them to f
k off then you are getting rid of them. plasticpig said:
Didn't the leave campaign say they wanted to control immigration? Stopping them coming to the UK does not stop them being immigrants as there are construction jobs all over the EU.
http://dictionary.cambridge.org/dictionary/english/control?q=Controlhttp://dictionary.cambridge.org/dictionary/english...
I hope the links above are of some assistance to you. You could always watch the news to find out what the intent is with immigration and the context in which those words are being used.....
Edited by anonymous-user on Wednesday 29th June 16:34
wc98 said:
blueg33 said:
I like building homes...........
could you get your finger out and start building them a bit quicker then 
blueg33 said:
wc98 said:
blueg33 said:
I like building homes...........
could you get your finger out and start building them a bit quicker then Fewer houses will be built.
Prices will fall.
I think that I can spot a little investment opportunity.
blueg33 said:
rb5er said:
blueg33 said:
I like building homes...........
As do I but I only end up building between 1 and 20 a year which doesn't really solve anything.Compared to the rise in population theres just no way that the construction industry can keep up with the constantly rising demand.
blueg33 said:
rb5er said:
blueg33 said:
I like building homes...........
As do I but I only end up building between 1 and 20 a year which doesn't really solve anything.Mr Whippy said:
.
Greece was shafted by bankers. Everyone else is next, eventually.
Sorry, I can't let that one slide. I spent chunks of the past 3 years raising capital for the Greek banks. The problems of Greece were caused by the Greeks economical with the truth on their national statistics in order to squeak over the bar for EU membership. Taxation didn't keep up with spending promises, especially in the state/pensions sectors let alone economic development, due to Greeks treating underreporting their income as a national sport. The moment a crisis hits and incomes naturally reduce, non-performing loans across the banks ramped up massively simultaneous with the govt having its cheque book taken away by Europe and no meaningful political will to increase taxes and reduce public spending. Greece was shafted by bankers. Everyone else is next, eventually.
Yes, it's a horrible scenario and yes, ordinary people are suffering. That's what happens in mismanaged economies.
In none of this were the bankers primarily to blame. Possibly too eager to extend loans for expensive property in a low interest rate environment. That was never a Greek-specific failing. And the moment banks try to be more credit conscious, the politicians scream and shout.
Whoozit said:
Sorry, I can't let that one slide. I spent chunks of the past 3 years raising capital for the Greek banks. The problems of Greece were caused by the Greeks economical with the truth on their national statistics in order to squeak over the bar for EU membership. Taxation didn't keep up with spending promises, especially in the state/pensions sectors let alone economic development, due to Greeks treating underreporting their income as a national sport. The moment a crisis hits and incomes naturally reduce, non-performing loans across the banks ramped up massively simultaneous with the govt having its cheque book taken away by Europe and no meaningful political will to increase taxes and reduce public spending.
Yes, it's a horrible scenario and yes, ordinary people are suffering. That's what happens in mismanaged economies.
In none of this were the bankers primarily to blame. Possibly too eager to extend loans for expensive property in a low interest rate environment. That was never a Greek-specific failing. And the moment banks try to be more credit conscious, the politicians scream and shout.
I knew that, you know that, so why the hell did the E.U auditors, who presumably ran a cursory eye over Greek accounts, not know that. Yes, it's a horrible scenario and yes, ordinary people are suffering. That's what happens in mismanaged economies.
In none of this were the bankers primarily to blame. Possibly too eager to extend loans for expensive property in a low interest rate environment. That was never a Greek-specific failing. And the moment banks try to be more credit conscious, the politicians scream and shout.
don4l said:
Let me see if I understand the Remain position.
Fewer houses will be built.
Prices will fall.
I think that I can spot a little investment opportunity.
People will have less money and be unable to pay the rent you need, meaning you cannot pay off the mortgage on your buy to let as interest rates climb due to inflation. Genius.Fewer houses will be built.
Prices will fall.
I think that I can spot a little investment opportunity.
There is so much uncertainty that it is impossible to get too vexed now, I have calmed down but it has taken a few days. I have no idea how things will play out (just like the Leavers), but I now think the worst case scenario will result in us trading on similar terms, with constraints that I am certain will upset a lot of those who wanted out. The bigger issue for me now is how fractured the UK looks, we have some very serious problems in the north that will take a long time and serious investment to fix, unless we are happy for it to fall into the hands of extremists.
jjlynn27 said:
blueg33 said:
rb5er said:
blueg33 said:
I like building homes...........
As do I but I only end up building between 1 and 20 a year which doesn't really solve anything.rb5er said:
blueg33 said:
rb5er said:
blueg33 said:
I like building homes...........
As do I but I only end up building between 1 and 20 a year which doesn't really solve anything.Compared to the rise in population theres just no way that the construction industry can keep up with the constantly rising demand.
Whoozit said:
Sorry, I can't let that one slide. I spent chunks of the past 3 years raising capital for the Greek banks. The problems of Greece were caused by the Greeks economical with the truth on their national statistics in order to squeak over the bar for EU membership. Taxation didn't keep up with spending promises, especially in the state/pensions sectors let alone economic development, due to Greeks treating underreporting their income as a national sport. The moment a crisis hits and incomes naturally reduce, non-performing loans across the banks ramped up massively simultaneous with the govt having its cheque book taken away by Europe and no meaningful political will to increase taxes and reduce public spending.
Yes, it's a horrible scenario and yes, ordinary people are suffering. That's what happens in mismanaged economies.
In none of this were the bankers primarily to blame. Possibly too eager to extend loans for expensive property in a low interest rate environment. That was never a Greek-specific failing. And the moment banks try to be more credit conscious, the politicians scream and shout.
not strictly true, the banks did help cook the books so Greece could pay for all those vanity projects.Yes, it's a horrible scenario and yes, ordinary people are suffering. That's what happens in mismanaged economies.
In none of this were the bankers primarily to blame. Possibly too eager to extend loans for expensive property in a low interest rate environment. That was never a Greek-specific failing. And the moment banks try to be more credit conscious, the politicians scream and shout.
http://www.spiegel.de/international/europe/greek-d...
nyxster said:
not strictly true, the banks did help cook the books so Greece could pay for all those vanity projects.
http://www.spiegel.de/international/europe/greek-d...
Ah yes. "Goldman Sachs secretly arranged additional credit of up to $1 billion for the Greeks" because that made such a huge difference. Even today, Greece's GDP is $236bn according to the World Bank http://www.tradingeconomics.com/greece/gdp $1bn is hardly the straw that broke the camel's back. http://www.spiegel.de/international/europe/greek-d...
gooner1 said:
I knew that, you know that, so why the hell did the E.U auditors, who presumably ran a cursory eye over Greek accounts, not know that.
Well, we know that now...I am led to believe Eurostat is a lot more rigorous these days. Let's see how the newer EU entrants manage through this latest crisis, shall we?gooner1 said:
Whoozit said:
Sorry, I can't let that one slide. I spent chunks of the past 3 years raising capital for the Greek banks. The problems of Greece were caused by the Greeks economical with the truth on their national statistics in order to squeak over the bar for EU membership. Taxation didn't keep up with spending promises, especially in the state/pensions sectors let alone economic development, due to Greeks treating underreporting their income as a national sport. The moment a crisis hits and incomes naturally reduce, non-performing loans across the banks ramped up massively simultaneous with the govt having its cheque book taken away by Europe and no meaningful political will to increase taxes and reduce public spending.
Yes, it's a horrible scenario and yes, ordinary people are suffering. That's what happens in mismanaged economies.
In none of this were the bankers primarily to blame. Possibly too eager to extend loans for expensive property in a low interest rate environment. That was never a Greek-specific failing. And the moment banks try to be more credit conscious, the politicians scream and shout.
I knew that, you know that, so why the hell did the E.U auditors, who presumably ran a cursory eye over Greek accounts, not know that. Yes, it's a horrible scenario and yes, ordinary people are suffering. That's what happens in mismanaged economies.
In none of this were the bankers primarily to blame. Possibly too eager to extend loans for expensive property in a low interest rate environment. That was never a Greek-specific failing. And the moment banks try to be more credit conscious, the politicians scream and shout.
So now I have to ask, if Greece were really naughty, why are Italy and Spain in the same boat?
Don't tell me they were cooking their books too, but no one noticed? Especially not Italy which Draghi should know well?
However you cut it a line has to be drawn somewhere, where the few lose out for the benefit of the many. Where will that line be?
It's Italy's turn next so lets sit back and watch the fireworks... I think the EZ can is starting to get too heavy to keep on being kicked!
Dave
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