Today's Alex cartoon in the Telegraph is good.
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rate cuts in the city.
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How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - Aesop -
Originally posted by thunderlizard View PostHow often do those kinds of clients actually go through with their rate cuts?
By which I mean:
(1) they ask the contractor to lower the rate
(2) contractor says no
(3) contract is terminated (or not renewed, when the original plan was to renew).
I'm sure lots of contractors bottle it and cut their rates when asked, but that doesn't count.
That said. Here at this top tier IB in Canary Wharf there is no discussion of rate cuts. Recruitment is up and rates are extended on renewal (as appropriate obviously) as far as I can tell. I've no concerns as yet. But these things can change very quickly.Comment
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Good thing I'm in the habit of saving money for people.
When the markets are good I do new builds. When the markets are bad I do cost reductions.
Whatevre happens people will still buy cheap tulip from china so there will be a need for logistics.Comment
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Originally posted by Pickle2 View PostYup.
http://www.houseinphuket.com/houses/LTR/a0133/
@700 quid a month, I reckon my pile would last until the next boom/bubble.
Seems quite expensive for Thailand.
For the same money in Bali:
http://www.ptbalirealestate.com/List...pertyID=678490
Or if you want super-cheap,
http://www.rumahraya.com/katalog.php?aksi=lihat&id=240
£80/monthComment
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Originally posted by Alexander Coe View PostJust heard the large British invest bank I'm based at is subjecting all contract renewals to a 5% rate cut, given the market conditions... any reports of this going on in other financial companies?Comment
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Originally posted by kismet110 View PostI work at the same IB, got a call from my pimp yesterday stating the same. Did mention to him I have a potential gig lined up in NL but will absorb the 5% hit if they sort out the paperwork quickly and it's 6 months as per last time ..."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by Moscow Mule View PostSod that - get the agent to reduce his margin as well.
Older and ...well, just older!!Comment
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Originally posted by Moscow Mule View PostSod that - get the agent to reduce his margin as well.Comment
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Originally posted by kismet110 View PostMy initial thought was to absorb it as been here a while and on a decent rate anyway but now you mention it and coincidentally a chat today about more/extra work coming my way I might hold out; less moolah for more sh*t does not compute ...."Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas JeffersonComment
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Originally posted by Moscow Mule View PostSod that - get the agent to reduce his margin as well.Comment
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