Topic: hung-up on zeroes?

[jivedave]

I thought this might be a bit heavy for chit-chat but i wondered how much anyone actually considers the world outside dancing, etc., etc.. It might be worth reading the linked article if  one is committing to borrowing lots of money, say. i confess to have spent a little too much quality time down the local over the years but remember the little quip in one:
there are 3 sorts of people: those who make things happen, those who watch things happen and those who wonder what happened
(of course there are those who watch BB - but these were the dark days of the early '80s)

http://www.dailyreckoning.co.uk/article/030120071.html
- That link no longer works

but have found another (13-Apr-08) for those whom it may concern:
http://www.dailyreckoning.co.uk/currency-trading/predictions-for-the-pound-sterling.html - 15 months on the £/$ predictions look wrong; both are sinking.

It's no surprise that one can't indefinitely spend more than one earns but why our leaders seem prepared to promote the concept purely for apparent short term approval fills me with bewilderment and dismay - perhaps they are completely out-of-touch and thick or have more nefarious ideas.

[philsmove]

 What?s up Dave are you OK
No YouTube link

[jivedave]

What?s up Dave are you OK
No YouTube link

...."mustn't complain" (as in 'ello mrs jones how's your bert's lumbago? - lazy sunday afternoon - small faces). i still hope to try a little of the music i like, as posted on youtube (i'm not totally alone in my tastes)

Interesting, you're Cervinia post; when my circumstances were different went on trips to Zermatt over the other side of the Matterhorn and remember a challenging (for me) black mogul field - i'd like the music to be a little like that (how do you use/negotiate this this or that feature), sometimes rather being able to easily carve turns on a nursery slope.

The honourable members would rather debate BB than how this country's heading (isn't the info in the post just a little alarming?). Must listen to 'white rabbit' again (i think there was a red at Saas Fee called that.

[andrew_w]

I play Lazy Sunday Afternoon from time to time at dances - always seems popular

[jivedave]

i like this OTT small faces track but i think it's mimed :


white rabbit - updated, i wonder what this economy is worth 

one of the few rap records (not heard many) i like :

- don't do it!

[jivedave]

i guess people might have concerns, so perhaps, on second thoughts the articles were too 'bearish' (hence deleted)

better tone this down, removing any ref. to the guardian (don't want to offend one of the few who might think not too badly of me  )

http://www.dailyreckoning.com/Issues/2007/DR092107.html ***
"
China, meanwhile, recently took a big stake in Blackstone (NYSE:BX), another big corporate chop shop. Buying up the buyout firms is a particularly important omen, we think. It allows the foreigners to take up more and more U.S. (and U.K.) assets without getting their name in the paper. And it allows Anglo-Saxons the soothing flattery of thinking that their assets are becoming more and more sought after?it takes their minds off the sour news, that foreigners are using their mountains of trashy dollars to get control over genuinely valuable assets?and that Americans will increasingly be working for foreigners? "

...this morning beeb bristol raving about the new cabot/broadmead which will be stuffed full of foreign goods "that people don't need, to be bought with money they don't have". The couple of times i've biked thru there, the only thing that really notice is how rusty the steel work appears to be  (i associate a nice, matt grey finish with quality) - probably had a good dose of salt spray on the way from the far east.

I'll leave galloway out aswell - read out my email on his radio show but left out parts of what i said and used some of the rest in a different context. Total distortion.

here's another slightly colourfully expressed, bearish discussion of the US economy but much of it could apply here - look at the league table based on trade balance :
http://www.isecureonline.com/Reports/DRI/EDRIH900/

 - stuck in for the night there are worse things to be found on the www 

Here's an article about the price of oil and it's supply (among other things) with the views of wonderfully named Texas oil man,
T. Boone Pickens :
http://www.agorafinancial.com/afrude/2007/11/02/scary-stuff/

- the Sept. price of oil in link further up the page looks relatively cheap. ***

[jivedave]

DOOM...we're all gonna die (rumour has it) - well at least something to look forward to  OK, it's not that bad - in fact i've enjoyed this week's le/ce rocking, eg: arrived at Lyndsey's on Tue. in a dark mood (the hell of driving - crawling - round Hambrook) and left wanting to top myself (they wish, joking  ), NO feeling pretty elated - buoyed by L's fun and enthusiasm.

A year has passed since i started this thread going but a lot seems to be happening now. Here are a few interesting (i thought) articles from 'money week', from the same stable as the dailyreckoning but related to the UK.

http://www.moneyweek.com/file/40755/uk-stocks-are-in-a-bear-market---its-official.html

and some property indicators:
http://www.moneyweek.com/file/40723/why-estate-agents-are-selling-up.html

http://www.moneyweek.com/file/40700/housing-market-outlook-worst-since-1992.html

and a right-ish view :
http://www.moneyweek.com/file/40326/why-browns-wrong-to-blame-america.html

http://www.moneyweek.com/file/40718/the-non-jobs-paid-for-by-your-taxes.html

http://www.moneyweek.com/file/40205/how-britains-10-year-boom-is-turning-into-browns-bust.html

and here is an interesting piece re. the price of economic progress in China:
http://www.dailyreckoning.com/Issues/2007/DR121807.html

- hope to get that one back as it highlights the high price of replicating our industrial revolution.

here's an article about putting all the eggs in one basket:
http://www.dailyreckoning.co.uk/article/isukplcgoingbust0727.html

i won't be too sad if all the development around here gets stopped in its tracks, packing more and more people into the same area whilst being told to consume less. It seems to me everyone is having to run faster just to stay still. I'm being a bit lazy (local dancing is really my only 'luxury' - and that's therapeutic, in my view) at the moment, treading water with my p/t run-around job and wondering which way to swim. It looks like being paid in Euros is looking more attractive if one can be mobile - the contractors' meeting i recently gave me some hope of a market somewhere for things i've learned.

ps : i'm a pretty +ve person, i think (unlikely to be in the HIV sense!) and if one can avoid thinking of this place called england as a country and worrying about who owns us, life can be not too bad. I'm finding that clearing up at the end of the day i can get my five portions of fruit in one go - they aren't allowed to feed it to the pigs, so hating waste, i guess i'll do! By accident of co-location, someone actually gave me a sort-of-forced smile this week  I don't think we'll get a house price crash nor sky-high interest rates (my mortgage went to 16% - i think in 81/2 - but had tax relief, and the initial cost much lower) but rather high inflation a sort of rerun of the late 70's. Dancing-wise, not knocking anyone else but if it comes down to umph put in, Lyndsey deserves to succeed.

[philsmove]

Well dear old Bristol city council is feeling pretty bullish, they are planning for  54,000 new jobs over next 20 years
Lots of new houses, offices and warehouses
Sorry no Ballrooms  :'(
I don?t think there they are even planning on any factories
The latest planning application in my neck of the woods, is to turn, what was the local flicks into and enormous estate agent ( at the moment we only have 12 in the road )
I wonder how many of the 54,000 jobs will be for estate agents 
Well someone is going to have to sell the 29,550 ?dwellings? they plan to build

[Karen Mary]

The latest planning application in my neck of the woods, is to turn, what was the local flicks into and enormous estate agent ( at the moment we only have 12 in the road )

I think I live in the same area as you Phil (South of the River), where abouts is this giant estate agents planned - not North St I hope?

[philsmove]

No near long ashton park and ride


http://www.bristol.gov.uk/ccm/cms-service/stream/asset/?asset_id=22422007&

The new estate agent is diagonally opposite the tobacco factory

http://www.ukplanning.com/ukp/showCaseFile.do;jsessionid=6C5FBDB9A9C78FA08376527E5D328ED4.wam1?action=show&appType=planning%20folder&appNumber=07/05447/F

[Karen Mary]

I had wondered whether you meant Gala Bingo to start with as that use to be the Rex cinema when I was young (saw Saturday Night Fever there).  Didn't know the place opposite the Tobacco Factory used to be a cinema.
Not sure that it's a good idea to build anything near the Park and Ride - it is flood plain.

[jivedave]

14% - according to the BEP bold headline, today. I immediately thought the rise in BG prices (15%?) but no, the increase in house prices last year in Bristol and surroundings. Interviewing people with a vested interest in house sales is probably not a good idea if one is to get a true picture of what's happening now. The link i posted suggests many agents are looking to sell their businesses based on current good profit figures.

Re. Phil's 54k houses for Bristol, i think that is a number given to the council by the gov.? I recall a recent fig. of 100k for the whole area. Bristol is truely a depressing place for congestion and should these builds come to fruition, it's going to be hell with knobs on

Of course, we hear of plans for light transport systems (can't even re-use existing permanent way - *%^^%$) and 50 metre swimming pools and arenas, etc. but nothing materialises. It's difficult to know where to place the blame. Bristol gets a raw deal from central gov. (worst of any major uk city, have article somewhere by ex lab. leader Micklewright? that elaborates) and Bristol's boundaries are very constrained relative to other UK cities (how about annexing South Glos. and North Som. for the greater reich  - no thanks, they say). However, as another link i've posted above, many people fear councils aren't spending wisely (but we have an excellent library service - creep)

It's early days yet but i suspect the whole financial/economic outlook has changed and the situation where we continually borrow from (and sell off our dwindling assets to) our supplier countries to buy their goods, etc is coming to an end. I've got all sorts of theories about why we seem to be on some unsustainable path (takes my mind of other things  ) but i had better not share them  . All one can do is look after numero uno and responsibilities.

I heard a caller on a radio prog. saying that people shouldn't be talking about a 'credit crunch'. I think it's better not to take the ostrich approach - forewarned is forearmed and though a problem can be over-hyped the financial gurus do seem alarmed.

[Karen Mary]

Gosh this subject is getting a bit heavy - for some reason it has brought the following to mind!   

Harry Enfield

[jivedave]

...it's gettin, it's gettin kinda heavy. I think i posted the 'women know your limits', don't drive one but may have been scared to post the dinner party one. That's what i need - a woman's intellect  because one can se from the way her mind works (from the sketch) that she would understand chaos theory - my kitchen w/tops and floor are now covered by now a mixture of tools, washing up, buckets, tiles and adhesive, veg, etc but my sink fittings no longer leak  - i forgot how disgusting used drain fittings become

I quite like the idea of someone a bit brighter than me - it might have been my ex's constant diet of soap (using a little journalistic licence ) that forced me to seek refuge in the local. I wonder if a counsellor would wear that

[John Gimber: Webmaster]

it might have been my ex's constant diet of soap (using a little journalistic licence ) that forced me to seek refuge in the local.

Does that classify as coming clean?