Credit deflation and the reflation cycle to come (part 3)

[JMD]

19 hours ago, Bobthebuilder said:

The fact that you shared this on HPC and then moving over to here, shows your character. Working class folk, helping out the small man. You could have gone the Youtube video way and made a name for yourself, again you didnt.

Someone is gonna write a book about you someday.

And when they make 'the film of the book', who will be cast as the main DB character? Much depends on the film plot of course... but knowing Hollywood they will either attempt an upmarket-stylish politico-finance thriller - or just go for lowest denominator belly laughs... so probably choice between Christian Bale and Ricky Gervais?!

[JMD]

18 hours ago, Chewing Grass said:

The electricity supply system used to be dead simple, now they are turning it into an expensive, high tech, interlinked, cpu and internet driven mess.

They are just aping the Tesla automotive model. 

[Noallegiance]

40 minutes ago, janch said:

But....but he never said what he expected to melt up.  Maybe he meant anything energy related eg oil/gas/coal/energy companies such as SSE/Drax/NG etc or the equivalent in the US.

Perhaps that's why we have to watch and learn and not just assume he meant S&P/Nasdaq. 

He's 'avin a larf......

No he's stated that it will be a broad rally, led by PMs.

[JMD]

14 hours ago, AWW said:

I remember being so optimistic for the LD/CON coalition back in 2010. Liberal social policy with good economic stewardship. Look how that turned out. I can't see how I'll do anything other than spoil ballots now.

If that's your bag, then the SDP kinda fill that remit and are still going, just saying.

[Democorruptcy]

1 hour ago, janch said:

Was this your addition?

Well done!

[janch]

 

Shaun Richards is interesting today:

https://notayesmanseconomics.wordpress.com/

He's talking about everyone buying coal and also how the rise in the dollar is affecting eg Japan which used to have a trade surplus.

TOKYO (AP) — Japan recorded a trade deficit in April as its imports ballooned 28% due to soaring energy costs and the yen’s weakness against the dollar.

Japan’s trade deficit totaled 839 billion yen ($7 billion) in April, for the ninth straight monthly deficit. In contrast, the world’s third-largest economy had recorded a surplus of nearly 227 billion yen in April last year.

[Democorruptcy]

2 hours ago, sancho panza said:

@Bricormortis made me draw up a lsit ref rpeviosu point

 

Dignity a general retailer? It's not really Christmas present material. That was another I sold too early but it would be inappropriate to say the covid death toll was annoying low.

[Noallegiance]

European printy printy continuation confirmed:

https://uk.investing.com/news/economy/eu-commission-to-propose-keeping-fiscal-rules-suspended-in-2023officials-2652547

[HousePriceMania]

Apple down again

Petrofac up again

Life is good.

[Harley]

This podcast sooooo belongs here it makes you wonder.  Got loads of the themes mentioned here, but some are only mentioned in passing (like buying fixed debt companies) so needs attention.

 https://anchor.fm/stephen-clapham1/episodes/Episode-9---Two-Capital-Cyclists-e1h4g9m

Napier and co, of course!

[JMD]

7 hours ago, Option5 said:

In fairness to Rishi, nowhere in that statement does he say that the months will be consecutive.

They could be:-

May 2022

January 2023

November 2023

Ad infinitum

 

I think if we had access to Mrs Sunak's residency calendar, her husband's (Mr Sunak) financial pronouncements would begin to make sense!

[HousePriceMania]

Royal mail warns it'll put up prices

https://www.bbc.co.uk/news/business-61505862

Royal Mail is going bust IMHO

[Axeman123]

2 minutes ago, HousePriceMania said:

Royal mail warns it'll put up prices

https://www.bbc.co.uk/news/business-61505862

Royal Mail is going bust IMHO

It seems to be in a death spiral. How many people/orgs need to send a letter badly enough to warrant spending nearly a quid first class?

That said it will never be allowed to fail. Letting them only deliver 3 days a week to any given address would solve a lot of their problems IMO, at least for a while, and at no cost to the government.

[Colliedog1]

17 minutes ago, HousePriceMania said:

Royal mail warns it'll put up prices

https://www.bbc.co.uk/news/business-61505862

Royal Mail is going bust IMHO

I always send second class, first class is a rip off

[M S E Refugee]

18 minutes ago, Axeman123 said:

It seems to be in a death spiral. How many people/orgs need to send a letter badly enough to warrant spending nearly a quid first class?

That said it will never be allowed to fail. Letting them only deliver 3 days a week to any given address would solve a lot of their problems IMO, at least for a while, and at no cost to the government.

We still process a decent amount of letters, Local Government and the NHS like to pay us a few hundred pounds a year to collect a handful of letters from them when they could walk a few yards and post them in a meter box.

Lazy cunts!

[Plan-b]

I could be wrong here so bear with me...

Recent talk of the US Reverse Repo operations which I understand basically means the opposite of QE or money printing, had me thinking I wonder what the Bank of England is doing being as we follow the yanks like sheep.

It Looks like the BoE are going their own way and still printing to the tune of around £3.4 ish Billion a week.

So printing in the face of 9% inflation? Strong move.

https://www.bankofengland.co.uk/weekly-report/2022/18-may-2022

 

 

 

•  

[DurhamBorn]

28 minutes ago, Axeman123 said:

It seems to be in a death spiral. How many people/orgs need to send a letter badly enough to warrant spending nearly a quid first class?

That said it will never be allowed to fail. Letting them only deliver 3 days a week to any given address would solve a lot of their problems IMO, at least for a while, and at no cost to the government.

Postie delivered me a parcel today,like other couriers BUT he had around 14 letters in his hand for my close as well.Other couriers would of had to drive to me for one parcel,then drive away.Royal Mail got to deliver 14 letters as well while here.Thats a massive competitive advantage.Putting prices up higher than demand is falling is the road to riches,just ask BAT.I think your right on letting them drop deliveries some days for letters,especially in some remote areas.Lots of shorts in RM,they will close out soon enough,im starting to buy a few and hope it drifts down some more.

[feed]

I do about £2k a year in parcels, they increase the prices, i'll eat it.
There just isn't any service better for small (2kg) parcels. 

[M S E Refugee]

11 minutes ago, DurhamBorn said:

Postie delivered me a parcel today,like other couriers BUT he had around 14 letters in his hand for my close as well.Other couriers would of had to drive to me for one parcel,then drive away.Royal Mail got to deliver 14 letters as well while here.Thats a massive competitive advantage.Putting prices up higher than demand is falling is the road to riches,just ask BAT.I think your right on letting them drop deliveries some days for letters,especially in some remote areas.Lots of shorts in RM,they will close out soon enough,im starting to buy a few and hope it drifts down some more.

Amazon and DPD must waste a lot of fuel in rural areas as they haven't a clue where they are going.

I often see them going backwards and forwards through my village completely lost.

[Democorruptcy]

12 minutes ago, DurhamBorn said:

Postie delivered me a parcel today,like other couriers BUT he had around 14 letters in his hand for my close as well.Other couriers would of had to drive to me for one parcel,then drive away.Royal Mail got to deliver 14 letters as well while here.Thats a massive competitive advantage.Putting prices up higher than demand is falling is the road to riches,just ask BAT.I think your right on letting them drop deliveries some days for letters,especially in some remote areas.Lots of shorts in RM,they will close out soon enough,im starting to buy a few and hope it drifts down some more.

I emailed RM a couple of weeks ago to say I had a business idea for them and asked for the contact details of someone in development. Received an automated reply saying they would respond in 3 days but they didn't. It's cost them millions!

[RJT1979]

4 minutes ago, Democorruptcy said:

I emailed RM a couple of weeks ago to say I had a business idea for them and asked for the contact details of someone in development. Received an automated reply saying they would respond in 3 days but they didn't. It's cost them millions!

What 3 words

[Democorruptcy]

4 minutes ago, RJT1979 said:

What 3 words

No.

[invalid]

On 18/05/2022 at 09:48, Boon said:

Must be near £40k gross I would guess.

As usual there is some major detail to the story omitted, clearly people can get buy on £2.3k a month.

Would guess either husband don't work or not there, or over-leveraged on mortgage.

 

Bingo. £800 a month mortgage. To be fair, quite low by todays standards.

 

 

 

 

 

 

 

[Errol]

Got one of those 'We buy gold' leaflets through the post today. They are desperate for the stuff - trying to loot the population of their remaining valuables.

[MrXxxx]

7 hours ago, sancho panza said:

The LD's only hope was to force through electoral reform that would curb the Tories power indefinitely ie proportional representation.The Tories didn't want to surrender their safe seats,understandably so,when you see how rich it's made them, and they talked Cleggy into offering the pulbic a version of electoral reform that was almost possibly as pro Tory and anti democracy as the pisspoor system they were trying to replace(transferable vote-so bascially if the troughing snouts from Westminster didn't pick up on the first ballot,they had a second chance).

Even people like my self who desperately wanted electoral reform voted against it.

Having totally failed to create any meaningful change in money flows to Tory pockets,yer man headed off to create real meaningful liberal democracy at Facebook.

Cleggs legacy was Ukip polling 4 million votes in 2015 and getting 1 seat........

Decl:Ukip voter back then.

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