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Resentment of this generation
Comments
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willetts has been described by some as 'two brains willetts' others have described him as 'only 2 brain cells Willetts'0
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Bullfighter wrote: »A lot of people have done well from property over the last 30 years... leading to a widespread condition of normalcy bias.
"Success with money has become intimately connected with inflation – people have got rich not through productive, wealth-creating activity, but because they bought a house or stock at a time when general asset prices were rising. We have confused talent with being bullish." Hugh Hendry
It very much depends on when you brought. A lot of people lost money in the nineties.
A lot of people have also got their fingers burnt in other investments linked to equities and have then switched to property as historically it held its value relative to inflation.
I brought a has as a home first and foremost 9as a lot of posters have stated too). My parents warned me about the "dead" money of renting. May be I was influenced by the three little piggies as well.
I know a lot of concern as been registered here surrounding property.
I think you would be better looking at commodity manipulation across the globe. Maybe inquiring into how the likes of Glencore have been able to turn their partners into billionaires. Not by inventing anything special but trading commodities.
The basic staples of life."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »I think you would be better looking at commodity manipulation across the globe. Maybe inquiring into how the likes of Glencore have been able to turn their partners into billionaires. Not by inventing anything special but trading commodities.
The basic staples of life.
I don't think you need to manipulate commodity markets to make money from them, given the massive increase in demand for industrial minerals from the developing world over the last 10 years or so.0 -
willetts has been described by some as 'two brains willetts' others have described him as 'only 2 brain cells Willetts'
Is that the same 2 brains that came up with this gem
women who would otherwise have been housewives had taken university places and well-paid jobs that could have gone to ambitious working-class men'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
that's very kind of you; previously no-one has ever suggested I had more than one
Mmmmm so you are David not Eric?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I don't think you need to manipulate commodity markets to make money from them, given the massive increase in demand for industrial minerals from the developing world over the last 10 years or so.
That is the point is it not relative to the thread.
IMO they are the bigger baddies than us soon to be coffin dodgers."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Well I'm one of those who managed to retire a few months after 60. Got a house with a tiny bit of mortgage remaining and a modest but liveable income. It could have/should have been more but things happen. It doesn't mean you were living a profligate life style. Oh yes, I got a free university education too! Should I feel guilty? Nahhh.. We don't choose when we are born. Plus I earned that first house - living with no carpet, newspaper at the windows and cooking on a camping gaz. Doing an evening cleaning job after the day job. Look - there is always someone who 'got lucky' - the person who bought their council house for chicken feed, the mate who inherited a tidy sum from the parents without lifting a finger, the one who married into money and never did a day's work in her life, the lottery winner...
It could eat you up if you thought about it. So don't. Be grateful if don't live in a festering slum on top of a third world rubbish dump, if you have clean water, can afford food and clothing, if your health is OK... Be grateful for what you have and quit focussing on what others have.0 -
So don't. Be grateful if don't live in a festering slum on top of a third world rubbish dump, if you have clean water, can afford food and clothing, if your health is OK... Be grateful for what you have and quit focussing on what others have.
So is this what we, in Britain, have come to?
Being grateful for not living a 3rd world shanty town ravaging through rubbish to make ends meet?
Siiighhhh what has this country become? It once used to be great, now its inhabitants have to shut up and put up, simply grateful that they are not living in some dump in Dhaka!!!!!0
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