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About LinkBacksReason why i would never vote conservative.
I'll vote for someone who spends time giving me a reason to vote, not mock the rest.
Reason why i would never vote conservative.
I'll vote for someone who spends time giving me a reason to vote, not mock the rest.
So you won't be voting at all then seeing as EVERY political party in the UK mocks or denigrates their opponents !!Originally Posted by unknownsock
If Wisdom is the coordination of "knowledge and experience" and its deliberate use to improve well being then how come "Ignorance is bliss"
He'll be laughing when Labour wins.
Nothing like a view backed up by a deep understanding from two years of 'numbers' when you can't manage basic probability is there?
Maybe the voting age should be 21 still....This is the problem, Tories tried to do this Tony Blair style we're so nice, and they got mocked for the airbrushing (which would be funny if we had to have the 'this image has been digitally enhanced' statement some countries enforce!)
Now they've hired this ad agency which seams to have a grudge against the one labour use for some internal reasons.
What I just find irritating is how they again just treat us like idiots. I wonder what would happen if to vote you had to answer 5 questions from a random pool of 100 about basic UK facts. Size of our GDP last year, size of public spending, percentage of public spending, who's in the cabinet etc.
Sad thing is you can't really do that sort of thing, as places like Alabama demonstrated!
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We shall see Animus, we shall see.
Maybe you should start buying shares, a lot of shares at that.
*cough*
We shall see Animus, we shall see.
Maybe you should start buying shares, a lot of shares at that.
http://forums.hexus.net/general-disc...selection.html
And no, its not just shares, if you think a country is going to go down the crappy you buy other countries bonds, or McDonalds bonds (which had lower CDS than the USA at one point!) or the old staple Gold.
Remember Gold?
http://www.telegraph.co.uk/finance/p...rown-told.html
throw new ArgumentException (String, String, Exception)
I'm sure he has a good answer, a good answer that will possibly never be revealed.
You think the public, media, and the higher up figures get told everything? Stories are never one sided, and this is.
Can I just add, this was 10 years ago, heh, you cannot compare prices now with a price that is 10 years old, Gold is at an all time high, I remember a few years back in the media stating it at £2billion - Gold is high because of the enonomy, hardly anyone expected a mess this big.
So TheAnimus - I've secured a deal of £1billion worth of melted down Steel - What's the price going to be in 10 years mate?
RBS shares are looking a bit low, 10p early last year, around 50p now - Who knows, by the looks of things, things can only get better, I'm gonna invest all my money... lol.
Oh that is just to much, he has a good answer that will possible never be revealed. What is he, jesus?
He wanted cash, he sold everything he could, but rather than reduce debt, or invest things well he rubbishrubbishrubbishrubbishrubbished money away, helping many a company get VERY rich off the back of hard working tax payers. Look at the figures on the NHS, how much they 'spent' look at the number of nurses employed and explain how their wage is so low? Far too much went to chummy companies that built hospitals and other spendings on dodgy PFI. Yes, thanks Gordon, thats prudent.
Now 10 years ago, I can compare with now, you might want to know thats often the job of a quant, providing analysis of these things!
http://66.38.218.33/scripts/hist_cha...rly_graphs.plx
So we can see that it was sold at a low. See how the graph is down, lower than its been before. Thats called a low.
Compared to now when the price is 1100 per troy once, thats about 400 thousand well paid public sector jobs that will be scrapped because of that stupid cock up. Lets not forget the BoE warned against this, and every other comparable country did the opposite, buying up our cheap gold as we depressed the market. It was a massive screw up, of major ineptitude, but most labour voters like you don't seam to get this.
And steel, well that isn't really traded much on the common commodities market, it is somewhat more specialist. But we know what its price is often linked too, and can talk about that if you want? You can hedge exposure by manufacturing equities, looking at the most demanding economies and taking a position based on their direction or even just inflation bonds!
What is ironic is you are taking the piss out of people who buy shares, yet that is exactly what gorden wanted to do with our money, take more risk.
Do you actually understand a thing about this man you support? Or is this like random events, you don't need to explain how the whole world of probability in maths is wrong, there are links that can be googled to prove your point?
throw new ArgumentException (String, String, Exception)
We know it was sold low, I never said it wasn't. - You stated it didn't work out, and I said I'm sure he will tell you otherwise.
But it's not a loss of £7billion - This is what the media is trying to put out, a loss of that amount.
We worked out, if my Dad bought property in London back when he was young and when he had money available from his business, he would be worth more than Roman Abromovich right now - No one knew in a fair few years houses would become valuable, and something to treasure, but some people did, and everyone ignored them. Around Mayfair people were getting rid of their property, they never wanted 4 storey town mansions, it was not the thing - These people are crying right now, regretting it every single day they wake up.
What do we care about in real life regarding Government choices? Not much, the economy for "us" has recovered nearly to what it was before the credit crunch, our businesses are nearly at full throttle, we have no problems with the current Government, and as we don't trust the other two parties, we won't vote for them, it might be a little broken, but it doesn't need replacing just yet. There is no party for us that is so far infront, that they got first choice.
Times where extremely rough at the CC, banks were being total ******s, even the bank managers agreed with us regarding certian things, yet the stuborn and idiotic highs didn't think so, if there was a 0.01% element of risk involved in a loan or a change somewhere, it was not approved.
Don't know if you remember, I'm pretty sure you do though, a year or so before the crunch, everyone, including top mortgage advisers, even MSE, were advising people to secure their interest rates at 5% or something similar because they are only going to rise, and guess what, a lot of people with high loans did, including us. - I won't even go into figures into how much money we could of saved this past few year.
Looking at numbers in situations does not always work, some low risk events crash, and some high risk events succeed, and vice versa.
Probability exists, but in some things, they don't work all the time, what will be will be, and we shall see on Election night who wins.
It wasn't just that he sold gold low, he then went and bought Euros (high) so it was a double whammy. While (as the financial ads say) "Past performance is no gurantee of future performance" it is a good indicator. Traditionally commodities (such as precious metals) tend to be less volatile than paper currencies, so at the very least it was a risky move - or a gamble - which didn't pay off.
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Anyone got a graph of the ten years *up to* 2000? It's no use looking back at a graph rising from the point when he sold it and saying "he sold it at a low" - we need to see the 5 - 10 years before he sold it. I'm not debating the point, btw, it's just that the available evidence doesn't illustrate the point...
35 year graph
25 year graph
15 year graph
The graph does show a dip, and from the previous years you can see why they sold a part of the Gold, seems to have "leveled" out, dipped slightly, then they sold, but just look at that rise in price, fate was not on their side in that 4 year period, is there any conspiracies on this? Heh.
peterb (27-04-2010)
Look at this, around the credit crunch of 1980, Gold prices shot up like nothing, exactly the same thing as the last few years.
Hmm - not the low, but on a rising market. but it was a sustained selling from around 1999 onwards http://www.timesonline.co.uk/tol/new...cle1654931.ece. And it was against the advice of the Bank of England. But if you want to plug (or hide) a hole in the public finances, I suppose selling the family silver is the way to go.
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This is exactly the problem that someone seams to be completely ignoring.
It was at a low historically over the last 10 years from that point.
However a 3M 1M moving average crossover would have shown a high.
But, a 1Y 3M wouldn't.
It was against the advice of the BoE, ie, the people who actually know something about economics, but it was done by a figuratively and literally blind fool who refused to listen.
Now buying Euro, that was again a bad decision at the time, and an awful one in hindsight, however removing gold standard and calling yourself prudent was moronic.
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Indeed they where wrong, according to my quick calc when I posted it is $12BN USD, which right now would be 7.8 billion. Or about twenty thousand nurses.
Your failing to understand. There is prospecting and been risky with investment, and been prudent.
Also If i'd ridden out many a personal transaction I could have made over 4000% at one point!
These mean nothing. If I'd taken YOUR money, ignored advice from the BoE, gambled your money, wouldn't you have something to say? Even more so when I lost.
Care in real life about government choices?
Lets try Iraq?
Id Cards?
Terrorism Powers? (I've been stop and searched outside a building I work in ffs, my crime holding a dslr)
They could let to you, they didn't want to, because LIBOR was too high, because trust had been lost in the system. This has nothing to do with the gold sale stupidity.
Wow even a jumped up fellow with no certification in basic investment advice told you to do something? He also told people to invest in icelandic banks, and fix oil prices. He doesn't understand peaks.
Looking at numbers always works, during conclusions from them doesn't, I suggest reading "the black swan" and "fooled by randomness" for a beginners guide to understanding the language, you really should stop spouting crap about your understanding of these numbers malarkey, they are provable, its a key concept because you can't bluff the easy stuff, see the national lottery thread if ever you need a reminder about how much utter crap you spout, and how you won't just admit you made a mistake.
To summarise Taleb's books, rather simplistically probability ALWAYS works, its just people often forget that the 1 in 100,000 is possible, and get greedy.
What I find so funny is you will be first inline to bash thatcher for what exactly? Cutting civil service jobs and government expenditure? The country was on the brink on bankruptcy, its like complaining about the dentist if you've not been cleaning your teeth, its not painless but its your own damn fault.
The cleanup of our current government, with our extravagant defect (we have lost more than any other top teir nation due to the miss management of brown, per head, and with pers to gdp) when we have to slash expenditure, whoever wins this WILL have to happen, it will be funny that people will blame the current incumbent, rather than the obvious (with hindsight VERY obvious) cause.
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