Here's a sensible article to counter the bull tulipe of the Remnants.
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Good old Matt:Originally posted by GB9 View Post
Few products have been launched with such a blizzard of publicity as Apple Inc.’s iPhone,” Matthew Lynn writes for Bloomberg.
“To its many fans, Apple is more of a religious cult than a company. An iToaster that downloads music while toasting bread would probably get the same kind of worldwide attention.,” Lynn writes.
Lynn writes, “Don’t let that fool you into thinking that it matters. The big competitors in the mobile-phone industry such as Nokia Oyj and Motorola Inc. won’t be whispering nervously into their clamshells over a new threat to their business.”
Lynn writes, “The iPhone is nothing more than a luxury bauble that will appeal to a few gadget freaks. In terms of its impact on the industry, the iPhone is less relevant.”
Lynn writes, “There are three reasons that Apple is unlikely to make much of an impact on this market — and why it is too early to start dumping your Nokia shares.”
• Apple is late to this party: Apple will have to fight hard for every sale.
• The mobile-phone industry depends on cooperation with the big networks: Apple has never been good at working with other companies. If it knew how to do that, it would be Microsoft Corp… [also] rivals will be pulling out all the stops to prevent the networks offering iPhones.
• iPhone is a defensive product: It is mainly designed to protect the iPod, which is coming under attack from mobile manufacturers adding music players to their handsets. Yet defensive products don’t usually work — consumers are interested in new things, not reheated versions of old things
Bloomberg, 14 January 2007Comment
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And here's one from the same site, posted hours earlier saying essentially the exact opposite.Originally posted by GB9 View Post
Bank of England likely to cut rates for first time in 7 years today — here’s why - MarketWatch
It's all opinion written by people who are paid to have them, doesn't matter what they are as long as it fills column inches."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Nokia and Motorola are celebrating, thus demonstrating that Matt Lynn is a sound financial analyst and that Brexit is causing a boom.Originally posted by GB9 View PostComment
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UK wage costs to plummet!
More great news! Now we are freeing ourselves from the shackles of the EU, we will see wage costs reduce and increased flexibility in our workforce, making the UK a more competitive base fo businesses!
https://www.rec.uk.com/news-and-poli...years/_nocachePermanent placements fall at sharpest rate in over seven years
Filed under Press release
Friday, 05 August 2016
Key points:
Marked drop in permanent appointments amid heightened uncertainty
Temp billings continue to rise, but at slowest rate in ten months
Permanent salaries increase at weakest rate in over three years
Summary:
The Markit/REC Report on Jobs – published today – provides the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies.
Permanent placements fall at steeper rate...
The number of people placed in permanent roles decreased for a second successive month in July. Moreover, the rate of contraction accelerated to the sharpest since May 2009, with panellists frequently citing Brexit-related uncertainty. A particularly marked impact was reported by consultancies based in London.
...while temp billings growth eases further
Temporary/contract staff billings continued to rise in July, with some panellists indicating that clients had shifted focus towards short-term staff amid an uncertain economic climate. However, the latest increase in billings was the weakest in ten months.
Permanent salaries rise at slowest rate in over three years
Starting salaries for successful permanent candidates increased further in July. That said, the rate of growth eased to a 38-month low. Temporary/contract staff pay meanwhile rose at the slowest rate since February.
Candidate availability remains tight
Permanent staff availability continued to fall in July. The rate of decline eased to the slowest since October 2013, although remained marked overall. Temporary/contract staff availability meanwhile decreased at the sharpest pace since February.
Regional and sector variation
The most marked decline in placements was seen in London, while falls were also recorded in the Midlands, South and Scotland. Only the North saw a rise in placements (albeit the weakest in over three years).
Higher temp billings were recorded across all regions with the exception of London, where the rate of decline was the most marked in seven years.
Growth of demand remained stronger for private sector roles than those in the public sector during July. Private sector temporary workers again registered the fastest increase overall.
Nursing/Medical/Care was the most in-demand category for permanent staff during July. On the other hand, Construction workers saw a decline in demand for their services, albeit modest overall.
Mirroring the trend seen for permanent staff, Nursing/Medical/Care was the most sought-after category for short-term employees during July. The slowest growth was signalled for Executive/Professional staff
Comments:
REC chief executive Kevin Green says:
“The UK jobs market suffered a dramatic freefall in July, with permanent hiring dropping to levels not seen since the recession of 2009. Demand for staff remains strong with vacancies continuing to rise, but the sharp fall in placements suggests that businesses are highly cautious about committing to new hires. Economic turbulence following the vote to leave the EU is undoubtedly the root cause.
“The record-high employment rate and ongoing skill shortages have made it difficult for employers to find suitable candidates for the roles available in the past, and this remains the case. We’re now seeing the added problem of individuals deciding to stay put rather than change jobs in the current environment.
“While there are worrying signs, it’s important we don’t jump to conclusions from one month’s data. The truth is we don’t know what long term consequences the referendum result will have on UK jobs; with the political situation becoming more stable and the Bank of England making sensible decisions, we may well see confidence return to the jobs market more quickly than anticipated.”
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