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Why people tend to stick in the social and economic class in which they are born
sandid3
Posted: 09 September 2014 09:33:42(UTC)
#81

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It doesn’t matter whatever your politics are but there are clearly major changes afoot that will affect investments. It seems to me the sensible thing to do is to recognise what the changes will lead to and get ahead of the curve. I pointed out the pound had started to fall before the latest poll/panel results. This is just a foreshock. I think it’s best to be prepared in case there is a major earthquake (as ‘twere).

Instead of acting like Monty Python’s Black Knight, Londoners could do better by starting to think how best to make the most of this opportunity. What is the win-win approach?
Recently Redundant and Retired
Posted: 09 September 2014 11:13:22(UTC)
#82

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What is the win-win approach?

Move to Scotland: keep your investments in England ?
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sandid3 on 10/09/2014(UTC)
sandid3
Posted: 10 September 2014 05:15:27(UTC)
#84

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I’ve been supporting independence for at least the last four years. Over that time it became clear the only argument the No camp had was that ‘the polls show it will be No’. But having looked at the polls (actually mostly panels) in detail, it appeared to me they had been rigged to have a No bias. We’re now at the point where the polling companies have to come closer to reality or they’ll be out of business after the vote. So I think what is reported today as ‘too close to call’ is in reality a clear Yes lead.

Presumably the pound will drop further against the dollar after the Yes vote. That gives anything priced in dollars a following wind.

Yes is immediately really bad for the entire London establishment and the City. That’s bad for the financial sector globally. It’s also bad for London property and builders.

But this is only a referendum and negotiations will drag on for years. We already have a coalition government that no-one voted for and nobody wanted. There’s no way any of that can survive. It ought to be a cakewalk for Labour but they’re looking more and more like Tory lite. So it looks like chaos until the May elections. If Labour can’t represent its supporters, the chaos will drag on past then.

How much of this will spill over into the US? That will dictate what happens to stock markets. I’m just reading ‘Soros by Soros’ (1995 book). What worries me is that Soros’s fund is supposed to be betting on a big fall in the US markets this year. Otherwise the US and Asia (China and India especially) look good. Soros would say to check your assumptions every day and adjust accordingly.

Meanwhile, an inspiring piece from George Monbiot today:
A yes vote in Scotland would unleash the most dangerous thing of all - hope
sandid3
Posted: 12 September 2014 07:36:02(UTC)
#85

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Anatole Kaletsky on the conequences:

Scottish Independence Would Ripple Through Europe
"What would Scottish independence mean for British politics and economic management in the nine months before the general election in May 2015? What would be the effect on the 2015 election? How will all this turmoil affect Britain’s fraught relationship with Europe? And would Scottish independence act as an inspiration for secessionist movements in other European countries? The answers to all four questions promise to be more destabilizing than almost anyone would have predicted a month ago."
sandid3
Posted: 13 September 2014 08:00:24(UTC)
#86

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Sturm und Drang -

Robert Shiller on:
1937 parallels for today's global economy
GiltEdgedInvestor
Posted: 16 January 2015 18:19:06(UTC)
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What bothers me is that the Cons will get in again and push for that vote on Europe again.

How many Scots that voted stick will vote GO if for some stupid reason we leave Europe? All those who want Scotland to join Europe but voted stick last time. It only takes less than 10% change. That's not enough.

We could lose Europe and will then lose Scotland. Scary thought.

Anyway, there might be a Grexit before then. If they make a go of it, you can see the end of the Euro. My spare pasetas are dancing, I can hear them, from their box in the loft.


It's no mystery why 'the North' is a labour stronghold. Rich folk need Conservatism to keep them rich - Conservatism after all means 'no change'. Thatcher and Reagan together cooked up the 'Trickle Down' theory where the Southern Rich would become more proliferate, and it would trickle down to those who don't have a lot.

So, then. I have £12M in the bank. Do I go out and buy 12M more washing machines, 12M times more food? 12M times more cars? No, I spend my money in a very tight niche market. How does that trickle down? None of my spending would be on the local economy, or even particularly the UK economy. It was nonsense - total twaddle and SOMEONE gave her 11 years running the country! (not me, I was in ZA, because she'd made such a horses backside of things)

Where I live there are communities who remember how Thatcher left them high and dry after taking away their living. They had to remortgage their houses, and are still paying those mortgages this day. Visit Blackhall Rocks, have a look round. It wouldn't happen today, a large employer goes down and the workers get all sorts of help. That doesn't mean a lot to those in Peterlee, and Blackhall.

Oddly, a lot of the men up there ended up working on oil rigs. Now their jobs are at risk again, through no fault of their own. Recalcitrance on the American side by refusing to cut shale gas? Stubbornness on the Saudi side be refusing to cut output? Both. Lives depend on who blinks first.







1 user thanked GiltEdgedInvestor for this post.
Jeremy Bosk on 17/01/2015(UTC)
Robert Woodring
Posted: 19 May 2015 11:46:58(UTC)
#89

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I completely agree to Dennis. We all got only one life and this one life is too short to fulfill all our dreams. Still we sacrifices to help someone live their dreams believing that God will provide us another better opportunity.
CUEBALL
Posted: 25 March 2016 20:38:21(UTC)
#90

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I don't agree ...i'm a lot posher than a was last week...chuck
CUEBALL
Posted: 25 March 2016 20:41:33(UTC)
#91

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Is this a wind up or what? ...CREASED !!!!!!!!!!!!!!!!!!!!
CUEBALL
Posted: 25 March 2016 20:43:50(UTC)
#92

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Help others ....satisfaction? limitless...totally priceless
srg751
Posted: 26 March 2016 20:54:29(UTC)
#93

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Now there's a sobering thought
Jeffrey Baxendale
Posted: 04 August 2016 11:43:28(UTC)
#94

Joined: 04/08/2016(UTC)
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My problem has always been that I am not as tall as John Cleese.
Jon Snow
Posted: 11 August 2016 00:17:58(UTC)
#95

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Humiliation is a pretty powerful driver. Yah.
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