UnconventionalWisdom

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About UnconventionalWisdom

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  1. UnconventionalWisdom

    Credit deflation and the reflation cycle to come.

    I'm pretty sure that's it. Basically, they look at their jobs and their parents jobs and think I'll end up in a better position. God knows when it will dawn on them that this won't be the case. I'm surprised that it's got this far without young people (including me, well 33 so not so young) downing tools due to workimg hard but having nothing but a temporary house over their head.
  2. UnconventionalWisdom

    Credit deflation and the reflation cycle to come.

    I did a PhD in photonics. Wanted to leave after 2 years as I could see the way post docs got treated....only get the odd 2 year contract but mainly a few months, 1% pay increases as you should be happy to have a job and people losing out not because they were worst at the job nut simply because the funding ran out. I'm happy I finished it but I wouldn't recommend it-years in industry are much better for learning. It was interesting but after it I didn't want to do a similar thing forever. It helped with public talking and defending ideas against experts in the field. It makes you not accept arguments because someone's published a paper on it...Bit like going against the HPI wave.
  3. UnconventionalWisdom

    The numbers only DOSBODS weekly weigh in

    Aim:70kg Week 1:63.8kg Week 3:64.3kg Week 4:63.9kg Bloody work trip with hotels/restaurants not really catering for vegans. Need to make more effort with taking supplies with me next time.
  4. UnconventionalWisdom

    Credit deflation and the reflation cycle to come.

    I'm early 30s and have well-educated mates who are still sharing a house in their 30s. I knew a surgeon who was sharing into his 30s (I think he is now living with his misses). I cant understand why they accept it and aren't angry. I keep on telling them about the monetary policy that the gov and BOE pursue are the issue...but they don't seem to be interested. I really fear that TPTB are pushing to see where people's breaking point is and will push until that's been reached.
  5. UnconventionalWisdom

    Credit deflation and the reflation cycle to come.

    I tell them that they stand to suffer if they don't consider the young. I live in the SE and state that there will be mass emigration out if the area if things don't change. No high quality teachers for their kids, no doctors, no nurses, noone working in shops. I work in a tech SME and enjoy the area (Kent) and access to London. But if things continue over the next few years I'll bugger off above Watford gap somewhere or abroad. I can't see how younger staff will come in when the company can only offer the ability to pay a landlord's mortgage.
  6. I lived in South Korea for a year and they took over a super market in my city. Korean beer was so bad that when I tasted a tesco value Lager it actually tasted nice.
  7. UnconventionalWisdom

    The next financial crisis has already begun

    I would like to see this split out between btl and OO. Got to be a big reason for the increase since the trough
  8. UnconventionalWisdom

    Loan shark might fall prey to Church of England

    I don't understand how this could make the church look good. Either they take it over and charge stupidly high rate (morally wrong), or they charge normal rate and go bust leading to it getting sold off to another wonga-type business.
  9. UnconventionalWisdom

    The next financial crisis has already begun

    Also banning IO for anyone. Can't fathom that they think it's not suitable for OO but say it's fine for parasite investors
  10. UnconventionalWisdom

    The numbers only DOSBODS weekly weigh in

    My numbers: (aim:70kg) Week 1: 63.8kg Week 3: 64.3kg
  11. I really hope you are right!
  12. UnconventionalWisdom

    Credit deflation and the reflation cycle to come.

    I've got some gdxj on AJ bell in a lifetime isa. No problems.
  13. UnconventionalWisdom

    Credit deflation and the reflation cycle to come.

    I took the figure from here: https://www.americanbullion.com/what-is-the-current-cost-to-produce-an-ounce-of-silver-today/ It states production cost so I'm assuming that's the total cost as opposed to just extraction. Although the article states silver production cist isn't simple to calculate. Most silver is extracted as a by-product of other materials and costs vary from mine to mine due to varying access difficulties.
  14. UnconventionalWisdom

    Credit deflation and the reflation cycle to come.

    Production cost is $10.50...surely the silver price can't go much lower.
  15. UnconventionalWisdom

    Credit deflation and the reflation cycle to come.

    Just wondering DB what's the advantage of spreading over a few gold miners to mitigate risk compared with going for an etf such as gdx or gdxj?