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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.
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)
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.
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.
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.
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 !.
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.
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
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!
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.
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