Reply to: State of the Market

[sadkingbilly]

Probably me whining as usual, along with my reasoning why.

reasoning? - yeh, - right!

[oliverson]

You need to move

Thought about it but I'd miss the sea and mountain views, the 18 hole onsite golf course, several tennis courts and clubhouse, the pretty white pueblos, the usual lovely weather and generally relaxed way of life. But the fact remains, enjoying all of this whilst also servicing a full-time contract isn't easy, and I wouldn't be doing any of it from a beach, or in the sun.

[oliverson]

What has all this crap to do with 'the state of the market' ??

Probably me pointing out that the state of the market is not likely to improve anytime soon, if ever, along with my reasoning why.

[sadkingbilly]

What has all this crap to do with 'the state of the market' ??

[willendure]

Mortgage rates are up as the 5 year gilt price has risen

BofE puts rates down, but mortgage prices go up (unless you happen to have a base rate tracker). Not what people expect is it? Cost of longer term capital is going to rise even more, in my view.

[coolhandluke]

Some plan B!

As for the beach in the sun thing, that's a fantasy. Take it from me who's been doing it for a few years now, some of the year, and talking of sunshine! Malaga province, where I currently am.

https://www.surinenglish.com/malaga/...161044-ga.html

This is the second battering we've had in just a few weeks. No, over the next fortnight or so, they'll be back down on the beach with the workers and heavy machinery, clawing up all the cr4p that's been washed down from the mountains.

Not saying it's bad out here, but this whole 'beach in the sun' thing is a total fallacy, from a work perspective.

You need to move

[eek]

Are you saying that the BBC invented the Bank of England reducing interest rates by a quarter of a percent?

What announcements of interest rate increases are you talking about?

Mortgage rates are up as the 5 year gilt price has risen

[SussexSeagull]

The fact the source is the BBC is laughable enough but even if it wasn't, that article is 6 days old and predates the recent bank rate increase announcements.

Are you saying that the BBC invented the Bank of England reducing interest rates by a quarter of a percent?

What announcements of interest rate increases are you talking about?

[oliverson]

We all need to start the initiation of Plan B. For me that's a brains out perm job at 50k - 100% remote (i.e from a beach in the sun)

Some plan B!

As for the beach in the sun thing, that's a fantasy. Take it from me who's been doing it for a few years now, some of the year, and talking of sunshine! Malaga province, where I currently am.

https://www.surinenglish.com/malaga/...161044-ga.html

This is the second battering we've had in just a few weeks. No, over the next fortnight or so, they'll be back down on the beach with the workers and heavy machinery, clawing up all the cr4p that's been washed down from the mountains.

Not saying it's bad out here, but this whole 'beach in the sun' thing is a total fallacy, from a work perspective.

[oliverson]

I must have imagined this then.

https://www.bbc.co.uk/news/business-57764601

The fact the source is the BBC is laughable enough but even if it wasn't, that article is 6 days old and predates the recent bank rate increase announcements.

[coolhandluke]

We all need to start the initiation of Plan B. For me that's a brains out perm job at 50k - 100% remote (i.e from a beach in the sun)

[simes]

Had my random monthly call from a random agent via LinkedIn Friday. This only to continue the theme of witless agents further to my previous story around 'bias'.

"You seem a good fit for this role. If of interest, could you send your CV and some times today when I can give you a call."
"Herewith a CV. I am available between Now and 4pm."
"Lovely, I will call you between 5 and 6"
"No. As above, I am not available after 4. Saturday to Wednesday, I am free all days."

Silence...

Monday;

"Do you want to try this again?"
"The job has been put on hold."

[Snooky]

Seen a job advertised at £500 per day on LI, agent then came back and said oh it’s £400 now or FTC £70k …is day rate better? They won’t do perm just £400 or £70k …not to say I’ll even get a look in …I’m thing day rate is better. Any thoughts??

They won't do perm because the client manager doesn't have the budget for a perm headcount, I expect. Sometimes this is just because they only expect to need an extra person for a limited time, but it could well be that if that person proves themselves to be valuable, headcount budget will appear and the FTC could become a permanent role - if that's what you want.

[SussexSeagull]

Its not close because even though the polls are neck and neck, because its an Electoral College the Democrats need to win by 3%+ points to stand any chance of winning the EC. Clinton won the popular vote by 2.1% but failed to win the EC , Biden won by 4.5% and so was able to win the EC.

The Democrats are now left hoping the Polls are underestimating Harris support by 3%. And she is really 3% ahead of Trump and the polls just are not showing it.

I guess you're loving the major banks raising their interest rates as a consequence of the recent budget? That's definitely going to fix the market, going to help people with their mortgages, etc. Bit like the increase in Employers NI. Redundancies, offshoring and stagnation here we come. Enjoy, mine's another Sangria Manuel. Por favor.

I must have imagined this then.

https://www.bbc.co.uk/news/business-57764601

[SussexSeagull]

The last conservative governments were are bad enough with policies that caused stagnation, labour are going to be even worse.

This image was doing the rounds on social media regarding stagnation in Canada..

Trudeau is a liberal, not a socialist. The closest thing to the Labour Party over there is the New Democratic Party.