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supercalmdown

Listed below are comments made by supercalmdown between Tuesday, 6th October 2009 and Friday, 6th November 2009.

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Boxed in 10:57am on 06 Nov 2009 So, the Market would have fallen but was propped up by QE.

Hmm, okay, how does this help the British economy create wealth for the medium to long term ?

We need manufacturing Jobs and products to export !

Hey ho.

Somebody tried to explain to me the Elastic band theory of Stock market expansion, I didn't quite understand it, but the upshot was to keep out of the Market whilst it is over priced (such as now).

Wish I had listened to him years ago !

Anyone want any old B&B Shares ? (Framed as talking point)
The Treasury hedge fund 12:24pm on 04 Nov 2009 Now, why would they the Treasury wish to be associated with the Term Hedge Fund ?

Many Hedge Funds have existed purely to exploit the slower, less agile Investors (ie selling short other peoples Pension Funds etc).

People have not forgotten this.

Surely the Treasury would like to be seen as a long term Investor ?

Any way, now Europe has commanded the breakup of LLoyds Hbos and Rbs, will they command the break up of Santanders far larger kingdom ?

Abbey, Alliance and Leicester, Bradford and Bingley ..........

Or is Santander exempt ?

And will Northern Rock or Bradford and Bingley Shareholders ever see any compensation ? Its a fair bet they will get nothing back.

Bank Shares under the current management style (ie big bonuses to staff before Shareholders regain any of their huge losses) are an investment to avoid.
Bank reform: The radical way 09:27am on 22 Oct 2009 Now, now you can't lay the blame for Bankers greed at the feet of their Shareholders.

Whilst the Bankers print their bonuses, the poor old Shareholders have still lost up to one hundred percent of their investments.

For example RBS was once over five pounds, and is now forty five Pence a share. Do RBS Executives deserve a Bonus ? I doubt it !

The Middle Eastern Investors in Barclays have in effect signalled the top of the market in selling such a large stake. Or do they just believe they can get a better return elsewhere ?

Until Banks have to retain responsibility for their own loans, there will remain a problem.

Whilst Salesmen are employed on Commission to sell Loans which will then be passed on to someone else, there will remain a problem.

Banks can raise money from Deposits and Bonds, but they do not need to sell Loans to each other. That is a flawed American Banking concept.
The only people who benefit are the Merchant Banks, and looking at the Lehmans of this world it didn't benefit them all.

On the Economy, when will the Parties in Britain, actually put forward some proposal to create new Export Industries ?

That is what Britain needs, not Accounting fudges, and removal of hard won workers rights.

It is easy for rich businessmen to pick on the retirement age as a soft target, but how many of them will actually do a 37 hour week up to the age of seventy ?

How many Businessmen actually Retire long before that ? Actually doing nominal one or two days a month as Directors. Spending the rest of their time enjoying their wealth ?

It took two world wars to bring the workers rights that British people currently enjoy, and these Rights look like they will be thrown away in order to maintain the Illusion of a Global Free Market.

There is no such thing as a Free Market, each Country around this world does its best to rig the market in its favour. Just examine the Yuan to Dollar exchange rate.

That is clearly rigged against the West.

Europe has anti dumping Laws. Why hasn't the flow of cheap goods from China been examined under those Laws ?

In effect the rigged Exchange rate for the Yuan, amounts to an indirect Government subsidy to all Chinese goods being exported.

Is that not dumping ?

Thats enough for one day, I'm off to enjoy the Rain (with a bit of Thunder just for icing!)
Lloyds: compensating taxpayers 3:14pm on 14 Oct 2009 178: Ah, the difference between the Well to do and the ordinary worker.

If you have Wealth it is harder to appreciate the lives (and Grumbles) of those who don't.
Tories bash the rich 5:22pm on 07 Oct 2009 It is interesting that the over stretched Santander has succeeded in raising significant Funds in Brazil.
It's the last one standing of the ABN takeover cartel.......
Tories bash the rich 4:57pm on 07 Oct 2009 I've just had a wonderfully interesting thought.

Debt I know is inheritable, but under English Law can a Contract be inherited ?

And can a Contract be inherited when one party to the Contract does not know it exists ?

Out of curiosity, even if Contracts can be inherited unknowingly, can they be inherited by successor organisations.

Presumably an ordinary gov't change (Election) would not affect long standing Contracts but presumably a Civil War (with conquest) would..... all Contracts/Pacts with the prior sovereign would be null and void.

What an enjoyable day !

More rain !
Tories bash the rich 3:31pm on 07 Oct 2009 And People like to knock the Public Sector and its Pay.

Well, for most of my working life, the Folks in the Public Sector have been on a third to one half of the Salary of their Private sector oppossite numbers (accountancy), doing the same work, but without Share Options, without Private Health Plans and Private Pensions.

Many Private sector people I know retired in their early Fifties.

Admittedly they paid more in to their Private Pensions, but hey, they were paid three times as much to start with !

However, something I had not considered before now, rather remiss of me, but these agreements, pay deals, pacts, negotiated contracts that are being set aside, is this accepted and legal?

If long standing agreements are not set in stone, indeed are optional, and lapse with time (quite short amounts of time as well) does that mean the Gov't and People do not expect or believe or require that long standing agreements,pacts,contracts to be honoured ?

A very interesting thought.
Tories bash the rich 3:21pm on 07 Oct 2009 So, how does more Expensive Privatised Public Services, serve the Greater Good ?

And, come to think of it, just how many people actually make it to the current retirement age, and of those who get that far, how many last until Seventy ?
Tories bash the rich 2:43pm on 07 Oct 2009 It seems all Parties are saying how the Peoples way of life must change, for the greater good.

But what do they mean by Greater Good ?

The Greater Good is very different for each and every person you might ask.

For Example, a Rich Man may say low Taxes and Free Trade, are for the Greater Good.

A Poorman may say, higher Pay, better Services, Security if I fall Ill or cannot work are for the Greater Good.

Is a Free and unregulated Global Marketplace genuinely for the Greater Good ?

Has Job losses in Britain, and low cost sweatshops abroad really served the Greater Good ?

And this obssession with low Inflation, does that genuinely serve The Greater Good ?

I think perhaps People have lost perspective. Cheap Imports are not necessarily the Greater Good for anyone.

Short retirements are I suspect many will agree, not serving the Greater Good.

But of course, Rich Men who are free, to work (or not)as, how and when they please, seem to have a disproportionate influence over what counts as the Greater Good.

Is the Greater Good going to be continually defined by the Law of the Jungle, and Might Makes Right ?

Even in the Jungle there is balance.

Dodgy City Dealers may see themselves as a Lions, striding through the Financial Savannah. But Lions only kill what they need, they do not wantonly destroy the Herds on which they depend.

In fact, if someone asked Mother Nature, what the Greater Good would be, it would probably involve all living beings in proper Equilibrium,no one species overbearing the others, all living out their alotted cycles in their proper place.

It is probably too much to expect Humans to live in harmony with Nature, after all, Humans have shown themselves incapable of living in harmony with themselves !
Tories bash the rich 5:52pm on 06 Oct 2009 70:

Now, my Dividend income vanished and my Share Portfolio is now worth eighty five percent less than in did before the City Criminals destroyed my Investments (Bank Shares, a retailer, nothing exotic,etc).

But I do not blame the Public Servants for the criminal neglect and exploitation of our Financial system.

Doctors, Nurses, School Teachers, Civil Servants, were not swindling my Pension Fund.

And I do not see why ordinary people should be made to suffer in order to make up the City Idiots losses !

And of course, to add insult to injury, they cry out that they deserve bonuses !

The only bonus I would give them involves a Pike, the Gates of the City of London, and the breaking of the Human Rights Act in a variety of imaginative and interesting ways.

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