3-month Libor at record lows

Generali

@p, @t @im

You know I'm right.

Go back 350 years and everyone knows the Dutch are the great traders. Not so long prior to that it's the Portuguese, then the rest of lingua franca before that.

Generali

inspector_monkfish wrote: »

why would a trader want to live in india?

even a trained up indian grad is going to want to live in london/new york/paris/tokyo once he's got his trading stripes

I guess an Indian trader would wonder why a British trader would want to live in Essex.

Generali

kennyboy66 wrote: »

They kick sand in our face ?

Lets face it empires do decline, but it rarely happens overnight.

In the 1980's Japan was about to take over everything from manufacturing to banking, to huge swathes of property and resources all over the world.

China maybe a massive Japan - but they will have the same demographic issue sooner or later.

AIUI, China faces Japan's demographic problems only far, far worse.

Thrugelmir

kennyboy66 wrote: »

In the 1980's Japan was about to take over everything from manufacturing to banking, to huge swathes of property and resources all over the world.

Recent history.... The Kuwait Investment Authority was set up in 1953.

A report by Morgan Stanley in 2007. Put soverign wealth investment funds under management at US$2.6 trillion. Which was almost equivalent to worldwide government pension funds and cental bank reserves. MS also forecast that by 2022 it could reach US$27 trillion or 9% of total global financial assets.

purch

I guess an Indian trader would wonder why a British trader would want to live in Essex

There used to be/is a really excellent Indian Restaurant in Billericay !!!

purch

They kick sand in our face ?

Hopefully that'll be all they do.

Of course it's not written in stone, and the situation will evolve, as will the Wests economies, but currently our over reliance on Far Eastern manufacturing, and Middle & Far Eastern capital flows is unhealthy and unsustainable.

kennyboy66_2

Thrugelmir wrote: »

Recent history.... The Kuwait Investment Authority was set up in 1953.

A report by Morgan Stanley in 2007. Put soverign wealth investment funds under management at US$2.6 trillion. Which was almost equivalent to worldwide government pension funds and cental bank reserves. MS also forecast that by 2022 it could reach US$27 trillion or 9% of total global financial assets.

We better sell them some Eurofighter planes then !

Thrugelmir

purch wrote: »

Hopefully that'll be all they do.

Of course it's not written in stone, and the situation will evolve, as will the Wests economies, but currently our over reliance on Far Eastern manufacturing, and Middle & Far Eastern capital flows is unhealthy and unsustainable.

Are you refering to the fact that the USA lone borrows $4 billion a day to balance its books ......

But isn't our reliance on Far Eastern manufacturing down facts such as the Chinese pegging their exchange rate favourably to the dollar ? Resulting in us enjoying low imported product prices thereby using out disposable income to invest in property. Meanwhile the owners of manufacturing companies have benefited from moving production there. Leaving us with less and less.

Thrugelmir

kennyboy66 wrote: »

We better sell them some Eurofighter planes then !

Probably do already. :rolleyes:

inspector_monkfish

Generali wrote: »

I guess an Indian trader would wonder why a British trader would want to live in Essex.

i dunno, when was the last time you visited Ilford ???