In todays news...

[irie]

Our cat Billy's reaction to Hunt becoming Chancellor

[Count Steer]

Our cat Billy's reaction to Hunt becoming Chancellor

Billy looks like he is getting ready to move into No. 10 when Larry gets blamed for the financial mess and gets sacked too.

[Le_Fromage_Grande]

General Election before the end of the year
Is Jeremy the Hunt really the best financial brain they've got?

[Cousin Jack]

General Election before the end of the year
Is Jeremy the Hunt really the best financial brain they've got?

He is good at claiming expenses.

[Count Steer]

General Election before the end of the year
Is Jeremy the Hunt really the best financial brain they've got?

I wondered how many turned the job down before she found someone that would take it.

[Horse]

https://www.nikonsmallworld.com/galleri ... -day-gecko

92 images to work through, including:

[irie]

General Election before the end of the year
Is Jeremy the Hunt really the best financial brain they've got?

Don't think it makes much difference as long as the Chancellor does what the BoE Andrew Bailey, US Fed Jerome Powell, IMF Kristalina Georgieva, the Pension Funds, and the LDI managers tell them what to do.

[irie]

General Election before the end of the year
Is Jeremy the Hunt really the best financial brain they've got?

I wondered how many turned the job down before she found someone that would take it.

At least it's not that slimeball Gove.

[Felix]

Vincent Van Broth

https://www.theguardian.com/environment ... sunflowers

[irie]

General Election before the end of the year
Is Jeremy the Hunt really the best financial brain they've got?

Don't think it makes much difference as long as the Chancellor does what the BoE Andrew Bailey, US Fed Jerome Powell, IMF Kristalina Georgieva, the Pension Funds, and the LDI managers tell them what to do.

Those people you list all have quite different policies and they're not all telling the UK chancellor what to do, you're showing your complete ignorance again.

To the contrary, all the above parties have a vested interest in maintaining the status quo.

[JackyJoll]

Vincent Van Broth

https://www.theguardian.com/environment ... sunflowers

Is their problem its being an oil painting?

[Felix]

Vincent Van Broth

https://www.theguardian.com/environment ... sunflowers

Is their problem its being an oil painting?

Leve them stuck to the wall till they starve. Bet they will soon regret wasting the soup.

[irie]

Those people you list all have quite different policies and they're not all telling the UK chancellor what to do, you're showing your complete ignorance again.

To the contrary, all the above parties have a vested interest in maintaining the status quo.

They don't, an easy example is the Fed have quite a different idea of what they want out of the dollar than Mr Bailey does with the pound, even in very basic terms.

I'm not running a masters in economics, so I'm not going to lecture you, but ask yourself four things - Who has what, what do they want to do with it, to what level/standard, and how do they want to be measured.

If the answers to those four questions are the same when you apply them to all the examples of people/organisations in your post then you've got it wrong.

Oh yes, they certainly all do

Of course the Fed has a different idea of what they want out of the dollar than Bailey and the BoE does with the pound, and the IMF has different objectives.

The common factor which you profess to not understanding is that they all have financial irons in the fire which are at risk if the status quo is not maintained.

Surprised England with its liberal laws and stabbers and wokism is for you, but guess we all change our priorities as we age.

http://revtothelimit.co.uk/viewtopic.ph ... 25#p188325

Our house (in the UK) is in a village(?) of just under 2,000 people, it has a bakers, a butchers, a barber/hairdresser, an offie/newsagent, a pub and a working marina where I can moor my boat less than 10 minutes walk from the house.

After that it's fields, but 25 minutes drive to a provincial town with major railway station and big shops.
The supermarkets deliver so no need to subject yourself to actually going there.

The problem with towns or large groups of people living together in the UK is that you will be close to the underbelly of society who will inevitably end up in your space as well, dossing and pinching and worrying the vulnerable. I think many people are so used to it that they don't even think about it, but some do, especially as they get older.

[Supermofo]

https://www.bbc.co.uk/sport/football/63253948

El Clasico: Barcelona to celebrate rapper Drake with special shirts against Real Madrid

Is it completely wrong that until i was this on the Football page of BBC i wasn't even aware of Drake ? 50Bn downloads and never even aware he existed.

My first thought when I saw that was " Why are Sheffield Wednesday sponsoring Barca'

[irie]

Of course the Fed has a different idea of what they want out of the dollar than Bailey and the BoE does with the pound, and the IMF has different objectives.

The common factor which you profess to not understanding is that they all have financial irons in the fire which are at risk if the status quo is not maintained.

Oh I see, ok, your point seems to be that what they have in common is that they all want to keep their "financial irons" alive.
Well, it's a very basic grasp of it, but ok.

One might ask how can they all have different objectives and all be making different power plays in different directions, but all want to maintain the status quo? But I suppose you'd arrive back at your very basic common survival theory.

This isn't an argument, I'm pointing this stuff out to you as a favour because I've learned a lot in the past from being wrong.

Thank-you for trying to save me from my own stupidity.

[irie]

On that note, Mr Bailey seems to have arrived at a conclusion... https://www.bbc.com/news/business-63271551

"Andrew Bailey said "inflationary pressures" meant a "stronger response" could be needed from the Bank than thought..." - Crikey, he must be a genius

Current inflation is unusual because it is not, as it normally is, excess demand fuelled by loose money.

It is supply side inflation driven by a sudden reduction of energy availability.

Central banks will not be able to control this inflation by reducing money supply (by performing Quantitive Tightening).

What QT will do is push economies further into recession.

[Hoonercat]

Gosh, this thread has become sooooo interesting....

[Horse]

Gosh, this thread has become sooooo interesting....

Lots of talking bollox ...



[BBC news, today]

[Skub]

Gosh, this thread has become sooooo interesting....

Lots of talking bollox ...



[BBC news, today]

Internal testicles? I think there have been times during the Winter when that has happened me.

[irie]

Just Stop Oil protesters spray paint over Aston Martin showroom and block Park Lane.

Doesn't look like your average AM purchaser.