Well done Alexi, this time next year son we'll all be millionaires.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: SKA news - now in Wall Street Journal!
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "SKA news - now in Wall Street Journal!"
Collapse
-
Originally posted by Sysman View PostThe real reason that everyone isdevaluingusing quantitative easing is that the Chinese refuse to raise the value of their currency.
These printed money no longer get recycled in debt, so they go into commodity markets, that's why oil is back to nearly $100 per barrel, metals way up again, food too etc.
But never mind all this - it's deflation that's the problem apparently!
Leave a comment:
-
Well done Alexei.
However on the question the article attempts to address, I think this is the key:
U.K. businesses seem to have been maximizing their margins on overseas sales rather than using the pound's depreciation to increase market share. But one thing could potentially lead to another.
"If they've been concentrating on margin, then they've been strengthening their companies, which means that they will be in better shape to grow their markets," said Jerry Blackett, chief executive of the Birmingham Chamber of Commerce.
I've seen the same here in Switzerland BTW. As the Swiss Franc has risen against the Euro we are getting "Euro special offers", but that often amounts to only 5 cents off the price of a German beer rather than the full percentage; the retailers are increasing their margins.
The real reason that everyone isdevaluingusing quantitative easing is that the Chinese refuse to raise the value of their currency.
Leave a comment:
-
Here is the important bit:
On the other side of the city, Birmingham's Business Science Park is mostly frequented by tramps, Romanian thieves and people trying to find Aston Villa football club. Turn left by the Burger King.
It hosts Majestic SEO, an Internet backlinks analysis service, which launched in February 2008 as a commercial offshoot of a project to create a new major Porn search engine. It conducts more than 50% of its business outside the U.K., with the Bangkok Ladyboys being the major customers.
Alex Chudnovsky, Majestic's founder and biggest keeper of tame squirrels, says sterling's depreciation is probably helping his evil landlord and kebab shop owner, but he noted that his firm has to spend a lot of money buying potatoes, and of course dry cleaning bills for the curtains.
He believes the government ought to punish evil spekulants, give all ladies moustache to look like mother and to move capital to Birmingham. He also mumbled something about tax rates, FFS! and threw in a couple of random smilies.
"OK, the currency's weak...but this is a temporary effect, " Mr. Chudnovsky said. " back in Chernobyl I faced 100000% inflation and had to make Vodka from sister's body hair. This we learned at prestigious college of economics and where I graduated with full honours in Lada gearbox assembly course."
Leave a comment:
-
Originally posted by AtW View PostIf you don't like my economic views now published in Wall Street Journal then press Alt-F4 now (if you are on Mac then get a proper PC!).
More here: Weak Pound Fails to Boost Exports - WSJ.com
My Father in Law was a manager at acme whistles....worked there for donkeys.
Leave a comment:
-
Originally posted by AtW View PostYou put me off it
When you get quoted by WSJ then we'll talk about who is a failure among us
Leave a comment:
-
On the other side of the city, Birmingham's Business Science Park is the antithesis of the old industrial center.
It hosts Majestic SEO, an Internet backlinks analysis service, which launched in February 2008 as a commercial offshoot of a project to create a new major Internet search engine. It conducts more than 50% of its business outside the U.K., with the U.S. market being key.
Alex Chudnovsky, Majestic's founder, says sterling's depreciation is probably helping sales, but he noted that his firm has to spend a lot of money on hardware, most of which it buys from overseas.
He believes the government ought to focus more on attracting businesses that will base themselves in the U.K. and export products. But corporate tax remains a deterrent, and even taking into account the government's promised cut in the rate to 24%, it is still much higher than across the water in Ireland, for example, where it is only 12.5%.
"OK, the currency's weak...but this is a temporary effect," Mr. Chudnovsky said. "They [firms] will be looking for something more permanent, such as how much tax they're going to be paying."
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: