Stock market is a "fully-fledged epic bubble" and will burst
Discussion
OutInTheShed said:
We can debate the details, but really a huge slice of 'The City' isn't UK, so It's capable of moving elsewhere.
I guess Hong Kong isn't such a threat these days....
Anything can be moved. The 'City' exists specifically because of its regulatory and legal framework within the political wrapper of the U.K. makes it competitive against all other global financial hubs. And added to that is the enormous advantage of foreign workers being able to move their families to London knowing that their wife or children won't be spat on as filthy foreigners, won't be restricted by religious or cultural lunacies and prejudices and can travel anywhere in the world at the drop of hat, partake in almost any activity or pastime that they wish and socialise with important peers etc. I guess Hong Kong isn't such a threat these days....
These things cannot be under estimated. For starters, it's why those who thought there would be a catastrophic exodus post Brexit to Europe were so wrong. Workers didn't want to go back from where they had escaped. They came to London for the freedom, the cultural expansion, the work opportunities. They had all made clear decisions to leave the small cultural backwaters. Meanwhile, those from further afield were filled with dread at the prospect of not being seen as an equal but going to work in an EU financial hub and being labelled black, Asian, Arab and excluded from the social scene.
Even in NY when you work there you become acutely aware or a puritanical streak and a racism running through its heart that only tollerate a your wife's dress sense once they find out she is a real Italian and not a Mexican and only welcomes you because they think you must know royalty.
Dubai? It's Lakeside Thurrock meets Nazi Germany. A concrete anus driven by racism and sexism. No respectable husband would move the wife to a country that treats them worse than cattle or where their children must be segregated but still end up in a room full of the offspring of scumbags who can't eat food without half of it falling out of their mouths as they talk about the price of shoes.
London has to tread a very fine line and when it gets it wrong it either booms or busts but there is a reason why London is chocked full of foreigners and foreign capital and that is freedom being as abundant as the opportunity to conduct business for profit.
So long as London maintains the right balance there is absolutely nothing to fear from minor hubs such as Paris or Frankfurt. Paris is a racist hell hole where you'll never be accepted and only ever barely tolerated, where your wife will be looked down upon if she wears the wrong attire and your children mocked at school. You only need to see the French ghettos to see the true attitudes of the people. And Frankfurt is a tiny, sleepy town that takes a few minutes to cross and where everyone wants to be in Berlin where something is happening.
The point being that the entire purpose of London is as a hub for overseas capital and all that goes with it. The absolute last thing that anyone living in the U.K. and benefiting from the anomalously high standard of living that London's existence is affording then would be to see less foreign ownership and investment.
It's not a bad thing, it's a very good thing and it is why any political party in the U.K. must work with the global markets or risk losing control to them and either being shunned or owned. As we have seen this month.
DonkeyApple said:
Anything can be moved. The 'City' exists specifically because of its regulatory and legal framework within the political wrapper of the U.K. makes it competitive against all other global financial hubs. And added to that is the enormous advantage of foreign workers being able to move their families to London knowing that their wife or children won't be spat on as filthy foreigners, won't be restricted by religious or cultural lunacies and prejudices and can travel anywhere in the world at the drop of hat, partake in almost any activity or pastime that they wish and socialise with important peers etc.
These things cannot be under estimated. For starters, it's why those who thought there would be a catastrophic exodus post Brexit to Europe were so wrong. Workers didn't want to go back from where they had escaped. They came to London for the freedom, the cultural expansion, the work opportunities. They had all made clear decisions to leave the small cultural backwaters. Meanwhile, those from further afield were filled with dread at the prospect of not being seen as an equal but going to work in an EU financial hub and being labelled black, Asian, Arab and excluded from the social scene.
Even in NY when you work there you become acutely aware or a puritanical streak and a racism running through its heart that only tollerate a your wife's dress sense once they find out she is a real Italian and not a Mexican and only welcomes you because they think you must know royalty.
Dubai? It's Lakeside Thurrock meets Nazi Germany. A concrete anus driven by racism and sexism. No respectable husband would move the wife to a country that treats them worse than cattle or where their children must be segregated but still end up in a room full of the offspring of scumbags who can't eat food without half of it falling out of their mouths as they talk about the price of shoes.
London has to tread a very fine line and when it gets it wrong it either booms or busts but there is a reason why London is chocked full of foreigners and foreign capital and that is freedom being as abundant as the opportunity to conduct business for profit.
So long as London maintains the right balance there is absolutely nothing to fear from minor hubs such as Paris or Frankfurt. Paris is a racist hell hole where you'll never be accepted and only ever barely tolerated, where your wife will be looked down upon if she wears the wrong attire and your children mocked at school. You only need to see the French ghettos to see the true attitudes of the people. And Frankfurt is a tiny, sleepy town that takes a few minutes to cross and where everyone wants to be in Berlin where something is happening.
The point being that the entire purpose of London is as a hub for overseas capital and all that goes with it. The absolute last thing that anyone living in the U.K. and benefiting from the anomalously high standard of living that London's existence is affording then would be to see less foreign ownership and investment.
It's not a bad thing, it's a very good thing and it is why any political party in the U.K. must work with the global markets or risk losing control to them and either being shunned or owned. As we have seen this month.
I get the thrust of this. To be succinct, for all the really sThese things cannot be under estimated. For starters, it's why those who thought there would be a catastrophic exodus post Brexit to Europe were so wrong. Workers didn't want to go back from where they had escaped. They came to London for the freedom, the cultural expansion, the work opportunities. They had all made clear decisions to leave the small cultural backwaters. Meanwhile, those from further afield were filled with dread at the prospect of not being seen as an equal but going to work in an EU financial hub and being labelled black, Asian, Arab and excluded from the social scene.
Even in NY when you work there you become acutely aware or a puritanical streak and a racism running through its heart that only tollerate a your wife's dress sense once they find out she is a real Italian and not a Mexican and only welcomes you because they think you must know royalty.
Dubai? It's Lakeside Thurrock meets Nazi Germany. A concrete anus driven by racism and sexism. No respectable husband would move the wife to a country that treats them worse than cattle or where their children must be segregated but still end up in a room full of the offspring of scumbags who can't eat food without half of it falling out of their mouths as they talk about the price of shoes.
London has to tread a very fine line and when it gets it wrong it either booms or busts but there is a reason why London is chocked full of foreigners and foreign capital and that is freedom being as abundant as the opportunity to conduct business for profit.
So long as London maintains the right balance there is absolutely nothing to fear from minor hubs such as Paris or Frankfurt. Paris is a racist hell hole where you'll never be accepted and only ever barely tolerated, where your wife will be looked down upon if she wears the wrong attire and your children mocked at school. You only need to see the French ghettos to see the true attitudes of the people. And Frankfurt is a tiny, sleepy town that takes a few minutes to cross and where everyone wants to be in Berlin where something is happening.
The point being that the entire purpose of London is as a hub for overseas capital and all that goes with it. The absolute last thing that anyone living in the U.K. and benefiting from the anomalously high standard of living that London's existence is affording then would be to see less foreign ownership and investment.
It's not a bad thing, it's a very good thing and it is why any political party in the U.K. must work with the global markets or risk losing control to them and either being shunned or owned. As we have seen this month.
t stuff that goes on here in the UK, it still really is an egalitarian beacon of hope in a world of prejudice. I am proud of this.My wife's worked for a French MNC and reckons HQ is run by misogynist ego-maniacs. One of our great friends is French, with excellent business and banking connections there but would not work there, for this and other reasons (the whole lack of business and work ethic etc.) so is now working for a US firm.
Prejudice is hugely damaging and limiting.
Where there is brass there is muck. Always has been, always will be
And foreign workers and foreign capital shouldn't be seen as a bad thing, nor the specialisation of labour or, for that matter, barriers to entry. It is maintaining the right balance that is important.
The U.K. is a tiny island off the coast of an Asian peninsula called Europe that could never maintain the standard of living its people enjoy and in many cases unfoundedly expect if it weren't for the ability of London being such an anomalous attraction to global wealth and workers and along with the legal and legislative framework that creates, sustains and protects that great benefit is also the enormous cultural benefits. What many Brits see as a hated and feared armpit is seen as the exact opposite for many outside of the U.K.
This is by no means some kind of argument that London is perfect, it is merely an observation that it is so much better on many levels, some very esoteric and unquantifiable than the prime alternatives.
And foreign workers and foreign capital shouldn't be seen as a bad thing, nor the specialisation of labour or, for that matter, barriers to entry. It is maintaining the right balance that is important.
The U.K. is a tiny island off the coast of an Asian peninsula called Europe that could never maintain the standard of living its people enjoy and in many cases unfoundedly expect if it weren't for the ability of London being such an anomalous attraction to global wealth and workers and along with the legal and legislative framework that creates, sustains and protects that great benefit is also the enormous cultural benefits. What many Brits see as a hated and feared armpit is seen as the exact opposite for many outside of the U.K.
This is by no means some kind of argument that London is perfect, it is merely an observation that it is so much better on many levels, some very esoteric and unquantifiable than the prime alternatives.
One of the truths is, where prejudice and discrimination are involved, is that karma is a bh.
You exclude huge chunks of the working population - from a company, or a country - because you fail to integrate, be that race, religion, gender, sexuality etc. etc. then the weakness is yours. You narrow the pool of talent and opportunity.
h.You exclude huge chunks of the working population - from a company, or a country - because you fail to integrate, be that race, religion, gender, sexuality etc. etc. then the weakness is yours. You narrow the pool of talent and opportunity.
DonkeyApple said:
Dubai? It's Lakeside Thurrock meets Nazi Germany. A concrete anus driven by racism and sexism. No respectable husband would move the wife to a country that treats them worse than cattle or where their children must be segregated but still end up in a room full of the offspring of scumbags who can't eat food without half of it falling out of their mouths as they talk about the price of shoes.
I almost choked on my coffee reading your observation.I mean, jokes and all other cultural differences side, there is an "infrastructure" for finance in London. This does include research facilities, universities and further public institutions with historical precedence that would go beyond just a few commercial banks, and it is not possible to create such high infrastructure easily in anywhere else.
OutInTheShed said:
In the UK there's a huge problem of prejudice against people who earn big salaries and bonuses.
Always has. But people with those lifestyles didn't go into their pubs to hear their hate. Social media now brings their views into our homes and modern media is obsessed with the views of the hate filled. There's no shortage of people to dislike stuff and as you force them out of the real things they hate like non whites, women, books or thinking you corral them into the last few pools of socially acceptable hate like hippos and crocodiles in a drought all ending up in the same sludge pool of their own waste while humanity watches them on TV in pity. These last few permissible pools of hate seemingly being people who appear to have more than them, SUVs and electricity. Unless that person has been on TV more than once in which case they are a god to be bowed before and all one's money to be thrown at in the vaguest of hopes they might acknowledge their existence and validate their life.
However, I feel we may be straying from the ups and downs of the stock market a little. And possibly because we all fear actually discussing things like this in that NPE forum?
DonkeyApple said:
As alluded to above, the car is king. It's by far the best way for people to generally move aboit locally and this is exactly why the car has become so dominant. Rather than trying to destroy the car to favour wrong business, what you need to do is rebuild business so that the car isn't a problem.
Car is absolutely king. If we look at what it delivers:Speed from A to B. Shelter from the elements. Relatively low cost when averaged out for daily usage.
With that said, if we were building an idea from the ground up, to achieve those goals, would a car as we know it be the best solution? Probably not. There are other better, smaller, cheaper alternatives but our infrastructure is so well established for the car, it feels impossible to move to a better alternative.
Individual transport (combined with public) makes a lot more sense and while you would lose the social aspect of people travelling in the same car, or ferrying those around who are unable to go it alone, we could still have alternative solutions, similar to the car, to cater for that market.
It seems wrong for 2 tonnes of machinery carrying less that 100kg a trip for most of its life, but its hard to see a way out of that.
I suspect the key lies in balance. They don't need to be allowed to go everywhere, they don't need to be enormous, the don't need to be heavy, they don't need to not incentivise multiple occupancy or less frequent use. But I feel the path to common sense and balance doesn't lie down the road of extremism but acceptable practice.
soupdragon1 said:
DonkeyApple said:
As alluded to above, the car is king. It's by far the best way for people to generally move aboit locally and this is exactly why the car has become so dominant. Rather than trying to destroy the car to favour wrong business, what you need to do is rebuild business so that the car isn't a problem.
Car is absolutely king. If we look at what it delivers:Speed from A to B. Shelter from the elements. Relatively low cost when averaged out for daily usage.
With that said, if we were building an idea from the ground up, to achieve those goals, would a car as we know it be the best solution? Probably not. There are other better, smaller, cheaper alternatives but our infrastructure is so well established for the car, it feels impossible to move to a better alternative.
Individual transport (combined with public) makes a lot more sense and while you would lose the social aspect of people travelling in the same car, or ferrying those around who are unable to go it alone, we could still have alternative solutions, similar to the car, to cater for that market.
It seems wrong for 2 tonnes of machinery carrying less that 100kg a trip for most of its life, but its hard to see a way out of that.
Free markets have driven prices down, and when fuel costs are high they’re still used.
Only the apparent ‘environment’ gives a s
t, and even then cars aren’t the biggest issue.Power stations, industry, air travel… they’re all ripe for easier re-optimisation than cars/roads.
Ie, throw up some nuclear plants, some maglev trains, start re-use rather than re-cycle methodologies for consumption, job jobbed.
I mean, that’d be really bullish wouldn’t it. A country borrowing money to build all that! Wow. I’d buy those Gilts! I’m the most bearish pessimist but I’d buy into that.
It’s almost like a pro-player approach to a game of Simcity.
But no, the cars, the cars. Oh the cars.
Ignore the aeroplanes and solid rockets and shipping s
t all around the world for no reason… the fking cars man! The cars!!! THE CARS!!!!!!Mr Whippy said:
soupdragon1 said:
DonkeyApple said:
As alluded to above, the car is king. It's by far the best way for people to generally move aboit locally and this is exactly why the car has become so dominant. Rather than trying to destroy the car to favour wrong business, what you need to do is rebuild business so that the car isn't a problem.
Car is absolutely king. If we look at what it delivers:Speed from A to B. Shelter from the elements. Relatively low cost when averaged out for daily usage.
With that said, if we were building an idea from the ground up, to achieve those goals, would a car as we know it be the best solution? Probably not. There are other better, smaller, cheaper alternatives but our infrastructure is so well established for the car, it feels impossible to move to a better alternative.
Individual transport (combined with public) makes a lot more sense and while you would lose the social aspect of people travelling in the same car, or ferrying those around who are unable to go it alone, we could still have alternative solutions, similar to the car, to cater for that market.
It seems wrong for 2 tonnes of machinery carrying less that 100kg a trip for most of its life, but its hard to see a way out of that.
Free markets have driven prices down, and when fuel costs are high they’re still used.
Only the apparent ‘environment’ gives a s
t, and even then cars aren’t the biggest issue.Power stations, industry, air travel… they’re all ripe for easier re-optimisation than cars/roads.
Ie, throw up some nuclear plants, some maglev trains, start re-use rather than re-cycle methodologies for consumption, job jobbed.
I mean, that’d be really bullish wouldn’t it. A country borrowing money to build all that! Wow. I’d buy those Gilts! I’m the most bearish pessimist but I’d buy into that.
It’s almost like a pro-player approach to a game of Simcity.
But no, the cars, the cars. Oh the cars.
Ignore the aeroplanes and solid rockets and shipping s
t all around the world for no reason… the fking cars man! The cars!!! THE CARS!!!!!!Considering this is a car forum, I hope my sentence will be lenient
Plus, a useful visual medium through which to look at the very different economies of the three relevant European nations as they head to 2050 via 2035 through a decade of arguably permanent higher consumer costs after two decades of artificially retarded consumer costs, underwritten by liberal, global venture capital and cheap debt.
My view is that the U.K. has found itself by accident, more than design on a better footing by comparison plus, the UK's primary stock market is arguably in a better position as it isn't a domestic index but a global one and well weighted towards defensives and core businesses.
My view is that the U.K. has found itself by accident, more than design on a better footing by comparison plus, the UK's primary stock market is arguably in a better position as it isn't a domestic index but a global one and well weighted towards defensives and core businesses.
g4ry13 said:
gotoPzero said:
Well FB has sh@t itself big time.
Ouch.
Might want to have a look at Amazon too!Ouch.
Meta is a boring advertising company that specialises in the absolute bottom of the market and selling ad space to businesses that hawk tat no one needs. 25% off
AMZN only took a 4% hit as a reflection of their exposure to selling tat no one needs.
ULVR pretty much flat because even when the bailiff is knocking, folk will insist on being able to wipe their arse.
Today is merely a continuation of the reversion to a normal market. Sell something that's of genuine use and sales will be slower but still there. Specialise in selling junk to mugs and thinks aren't looking rosy.
The interesting one today was TSLA. The inference being that when it comes to excess consumer spending, the market is clearly split into haves and have nots and supporting the view of a selective recession.
DonkeyApple said:
If you're going to be in the business of selling stuff to people with no money then it's best to be selling stuff they have to buy.
Meta is a boring advertising company that specialises in the absolute bottom of the market and selling ad space to businesses that hawk tat no one needs. 25% off
AMZN only took a 4% hit as a reflection of their exposure to selling tat no one needs.
ULVR pretty much flat because even when the bailiff is knocking, folk will insist on being able to wipe their arse.
Today is merely a continuation of the reversion to a normal market. Sell something that's of genuine use and sales will be slower but still there. Specialise in selling junk to mugs and thinks aren't looking rosy.
The interesting one today was TSLA. The inference being that when it comes to excess consumer spending, the market is clearly split into haves and have nots and supporting the view of a selective recession.
Donkey Apple, you’re posts on this thread are borderline legendary, you really should consider writing a book with your insights. They’re brilliant.Meta is a boring advertising company that specialises in the absolute bottom of the market and selling ad space to businesses that hawk tat no one needs. 25% off
AMZN only took a 4% hit as a reflection of their exposure to selling tat no one needs.
ULVR pretty much flat because even when the bailiff is knocking, folk will insist on being able to wipe their arse.
Today is merely a continuation of the reversion to a normal market. Sell something that's of genuine use and sales will be slower but still there. Specialise in selling junk to mugs and thinks aren't looking rosy.
The interesting one today was TSLA. The inference being that when it comes to excess consumer spending, the market is clearly split into haves and have nots and supporting the view of a selective recession.
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