Loyds to buy HBOS

[SandyDown]

Your bitterness is palpable.
While you sit dreaming in your garret, they will be going out and living and enjoying life.
Life isn't a rehearsal my friend - if you haven't achieved something in 4 years you'd better have a plan B.
Oh hang on you've done 4 years already ....

Heard of the German hyperinflation?? Looking at the history (aside from war factor) seems we are repeating it

[sasguru]

Heard of the German hyperinflation?? Looking at the history (aside from war factor) seems we are repeating it

Yes I kno0w all about the Weimar Republic.
And no, we're not even close

[sasguru]

No, that's bollox. This country would benefit greatly without having City present - at least this way PhDs in stats will not be training to fk people over from their money, but maybe to do something useful in life even if this involves teaching in academia

City for UK is like oil for Russia - it's overabundance is a curse that needs to be dealt with.

You sound the like the under-educated illiterate you are.

[Moscow Mule]

No, that's bollox. This country would benefit greatly without having City present - at least this way PhDs in stats will not be training to fk people over from their money, but maybe to do something useful in life even if this involves teaching in academia

City for UK is like oil for Russia - it's overabundance is a curse that needs to be dealt with.

Where do you think the money for academia comes from? Our manufacturing base?

You're a town-class idiot sometimes.

[AtW]

Where do you think the money for academia comes from? Our manufacturing base?

Foreign students like I was - UK Govts got used to "free" money from City so much that they destroyed your manufacturing base and cut down funding to Unis. Maybe if UK could not earn anything from City it would have to maintain as strong manufacturing as Germany does, and France, and Japan, and USA - UK in my view was the worst managed in this respect in the last 50 years, especially so given how huge British Empire was.

[AtW]

You sound the like the under-educated illiterate you are.

So you think in 2-3 years time City will maintain its employment and salary levels?

I'd say we will see 50% reduction in staff and reduction in salaries (big bonuses might be thing of the past).

[snaw]

If I was in Lehman Brothers decision making team who agreed to buy derivatites to value of something like $500 bln (this is apparently their worst case liabilities according to some newsources), then I'd certainly say NO. No bank with a long history should expose itself to any market that can potentially bankrupt it - but of course we both know that the decision making team was getting short term bonuses on quick profits they made, in fact the bigger they exposed their bank the more money they made - only then it killed them. Frankly I expect bigger case than Enron to be opened against Lehman Brothers.

I was taking the piss out of your mis-spelling about jumping the boar. Go back and read it again.

[realityhack]

Oh great oracles of finance - salve our woes, appease us we implore.
AtW - lead us through this dark wilderness to fields of purest green.
The only thing that can save us now is armchair trading and handbags at dawn.

(Will code AJAX for food)

[sasguru]

So you think in 2-3 years time City will maintain its employment and salary levels?

I'd say we will see 50% reduction in staff and reduction in salaries (big bonuses might be thing of the past).

50% reduction in staff?
You really are a prize cretin aren't you?
Yes there will be a big cull for the next 3-4 years but salaries for the best will stay the same as will bonuses.
In 10 years it will be even larger than it is now.
Globalisation is here to stay and English speaking, yet polyglot financial centres like London in the middle of time zones will prosper even more as a result.

[AtW]

I was taking the piss out of your mis-spelling about jumping the boar. Go back and read it again.

When people pick on spelling it shows that they don't have any more serious arguements.