Originally posted by sasguru
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Germany still the king of exports
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Originally posted by sasguru View Postyour mistake is to misunderstand what the City does in a fundamental way.
I have now got a well formed view that the City mainly engages in market games with derivatives, provide a safe heaven for dodgy stocks from 3rd world countries that would not float anywhere else, and generally pretending that evolution of the mankind is actually the City rather than something else.
The only City market that probably actually invests money into local businesses is AIM, and that is a very low figure - almost an afterthought for the main thing, which is screwing people out of their money and getting away with it (Nicky G said it not me).
Dr. Martin Winterkorn got his PhD in Max-Planck-Institute for Metal Research and Metal Physics. That's no bull degree - he understands real problems and unlike those conmen that were running Rover he does not spend time to cleverly arrange the business in such a way that when it fails he still gets the money - that clever financial mathematics is not what he does, which is probably why VW is a pretty damn successful manufacturing company, and Rover is history.
The City is not financing local businesses anymore - if anything they are helping to destroy manufacturing in this country by providing finance to the development of the 3rd world, if anyone is responsible for the destruction of manufacturing capacity in the West it's the City types who move capitals for short term gains.Comment
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Originally posted by AtW View PostWhat does the City do _now_? Not back then, but _now_?
I have now got a well formed view that the City mainly engages in market games with derivatives, provide a safe heaven for dodgy stocks from 3rd world countries that would not float anywhere else, and generally pretending that evolution of the mankind is actually the City rather than something else.
The only City market that probably actually invests money into local businesses is AIM, and that is a very low figure - almost an afterthought for the main thing, which is screwing people out of their money and getting away with it (Nicky G said it not me).
Dr. Martin Winterkorn got his PhD in Max-Planck-Institute for Metal Research and Metal Physics. That's no bull degree - he understands real problems and unlike those conmen that were running Rover he does not spend time to cleverly arrange the business in such a way that when it fails he still gets the money - that clever financial mathematics is not what he does, which is probably why VW is a pretty damn successful manufacturing company, and Rover is history.
The City is not financing local businesses anymore - if anything they are helping to destroy manufacturing in this country by providing finance to the development of the 3rd world, if anyone is responsible for the destruction of manufacturing capacity in the West it's the City types who move capitals for short term gains.
Can I tell you somefink, your business model is non-existent. I really hope im wrong....Hard Brexit now!
#prayfornodealComment
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