Reply to: Triple dip anyone?

[Robinho]

No, he'll get an explanation involving 'market equilibrium' and fractional reserve banking; it's the kind of conversation that's reputed to make a girl's knickers turn moist at 50 paces.

Mitch i have completely destroyed every economic argument you've raised against me.

Perhaps time to shut up.

[Robinho]

Am I being really stupid?

Ok,

Post 1) Are you talking about the rate which the UK is borrowing at? I'm talking about the interest rates which the BoE (mis)sets

Post 2) I don't really know what you're talking about. What i mean by the market normalising is there's a tendancy for some to believe (we'll call these people Keynesians) that if the market starts going downhill post boom, without intervention from the gov it'll just crash and burn forever until we're in the 3rd world.

This is not the case, it will crash but it will normalise eventually once the market readjusts and finds its correct level. It is not analogous to an aircraft in a spin (which does require pilot intervention)

[minestrone]

Actually if you really have got to retirement then you’ve done well; we’ve got a guy at the company I’m working for who’s doing a lot of work on statistics and ‘big data’; he’s convinced that in the next 10 years people with some statistics education can earn wheelbarrows full of money.

Who would want to do that?

[Scoobos]

Am I being really stupid?

[Mich the Tester]

thats a joke right?

No, he'll get an explanation involving 'market equilibrium' and fractional reserve banking; it's the kind of conversation that's reputed to make a girl's knickers turn moist at 50 paces.

[moggy]

Give it some explanation then?

As we've said before at least I have a qualification in economics , if you believe that I am 100 miles away then explain how.

thats a joke right?

[Scoobos]

Scoobos your tenacity is matched only by your idiocity.

You're a nice person, but maybe just don't comment in the future ok.

Or at least get within 100 miles of the right end of the stick.

Give it some explanation then?

As we've said before at least I have a qualification in economics , if you believe that I am 100 miles away then explain how.

[BrilloPad]

Actually if you really have got to retirement then you’ve done well; we’ve got a guy at the company I’m working for who’s doing a lot of work on statistics and ‘big data’; he’s convinced that in the next 10 years people with some statistics education can earn wheelbarrows full of money.

Who needs stats when one can just talk bollux? http://forums.contractoruk.com/gener...ml#post1687962

[Robinho]

Scoobos your tenacity is matched only by your idiocity.

You're a nice person, but maybe just don't comment in the future ok.

Or at least get within 100 miles of the right end of the stick.

[Scoobos]

"The market always normalises. "

Sorry last one, but WHAT?

Which "Market" Always normalises? We've only been running multinational corporate economics for the past 30 years - do you seriously believe the market from pre 1940 has anything to go off? We are a long way away from the commodities markets during imperialism you numpty.

What you're basically saying is "It always normalises, it hasnt changed in the last 70 years has it?" (when in fact it has too).


anyhoo.... back to work I suppose Happy new year everyone !.

[Scoobos]

It will kill bad investments and free up resources for good (productive) investments.

I think I wasn't clear enough.

If we borrow at such low percentages like 1% - then as soon as any kind of normality is resumed, just a 1% increase could result in DOUBLE the repayment right?

Whilst if we are being sensible and working on 3.5% to 5% and the rate jumped 1% it would be a hit, but not a total emergency.

Perhaps I'm being daft...... Unfortunately I think the treasury is.

[sasguru]

Actually if you really have got to retirement then you’ve done well; we’ve got a guy at the company I’m working for who’s doing a lot of work on statistics and ‘big data’; he’s convinced that in the next 10 years people with some statistics education can earn wheelbarrows full of money.

Aye, he's right. That's why I'm back out of retirement

[moggy]

Cameron Laughs With Boris And Osborne At Davos Dinner On Eve Of Dire GDP Figures

Now i'm no fan of Dave and George, but the fact they have a dinner is hardly news, the guy who took the pics works for greenpeace - might as well ask how he can look himself in the mirror eating out when all the whales are being killed off!

[Mich the Tester]

Thank you. I knew you were big enough to overlook your own personal situation and be pleased for me.

Actually if you really have got to retirement then you’ve done well; we’ve got a guy at the company I’m working for who’s doing a lot of work on statistics and ‘big data’; he’s convinced that in the next 10 years people with some statistics education can earn wheelbarrows full of money.

[sasguru]

Let me be the first (of many here) to congratulate you.

Thank you. I knew you were big enough to overlook your own personal situation and be pleased for me.