Thinking the Unthinkable

ess0two

peakoil wrote: »

:rotfl::rotfl::rotfl::rotfl:ha! I dont even know where to start with this!!


what a deluded fool.

This article is right up his street.

Graham_Devon

ess0two wrote: »

This article is right up his street.

You are correct.

And it's right up my street because it looks at the solutions and then looks at the issues surrounding those solutions.

It doesn't just say "heres the solution" while ignoring the several problems as a result of that solution.

So many times people have said we are kicking the can. Not just us, but the entire western world. I believe this to be true. I don't know how we can actually pay back all this money now, let alone adding to it.

The article is the worst nightmare for some, as it asks serious questions, based on serious problems. Ones I have been asking for a while. It talks about the very things no one in the financial industry wishes to talk about.

leveller2911

The_White_Horse wrote: »

all the problems we face around the world are the fault of lefties, public sector and benefit spongers.

why has the US got 15trillion of unfunded debts? paying public sector salaries, pensions and benefits.

we need to get off this "bankers caused the problem". it was lefties.

one of the main problem was the lefties forcing banks to lend to "low income" families who were not really viable customers. that drove the banks to repackage and sell on the debt to others. they, unlike the lefties, weren't that stupid. although eventually it caught up with them and lehman's was a prime example of the banks falling in love with their own argument a bit too much.



I'm interested to know how were the Banks "Forced" to lend to low income ,high risk customers?.

You know White Horse your equelly as blinkered as any "Leftie" you spout the same old rubbish about how evil the Lefties are and how great the Capitalist system is yet if the truth be known the Left wing and Bankers were equelly to blame for the UK recession...... The fact is we need to have a system somewhere in the middle.


Theres none so blind as those that will not see.......;)

purch

Phew :eek:

Just finished reading it.

I can't see what "axe" Tulletts have to grind, so in many ways this is an opinion piece without too much vested interest.

Kennyboy66

purch wrote: »

Phew :eek:

Just finished reading it.

I can't see what "axe" Tulletts have to grind, so in many ways this is an opinion piece without too much vested interest.

Dr Tim Morgan is Dr Doom though.

last years missive, in case you need more reading material!

http://www.tullettprebon.com/announcements/strategyinsights/notes/2010/SIN20100706.pdf

He does spout a fair amount of sense though.

tartanterra

purch wrote: »

Phew :eek:

Just finished reading it.

I can't see what "axe" Tulletts have to grind, so in many ways this is an opinion piece without too much vested interest.

Hmm..

"Tullett Prebon operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks"

Of course, you're probably right.
I'm sure Tullets have spent money on this out of the goodness of their hearts, and it's nothing to do with vested interests.;)

lukeh23

tartanterra wrote: »

Hmm..

"Tullett Prebon operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks"

Of course, you're probably right.
I'm sure Tullets have spent money on this out of the goodness of their hearts, and it's nothing to do with vested interests.;)

There is a lot of valid points in the article, but I also take it with a large pinch of salt..you only need to look at the wrecked building backgrounds of the document and the end is nigh wording to see this is also a piece of marketing too.

One point of interest - only two articles have reported on this so far from a search on googles news indexing service.

EDIT: To add to this Tullett Prebon wanted consequences to come out of this report. They delayed it by one week as they did not want it to be eclipsed by the Murdoch hearings:

http://www.independent.co.uk/news/business/news/business-diary-no-desire-to-bury-bad-news-2316034.html

Another factor to consider is that Tullet Prebon is headed by a Mr Terry Smith who recently had a ding dong over his 4.5 million bonus with a committee chaired by Michael Fallon, the Conservative MP and deputy chairman of the Treasury select committee where he has been critical of City pay, particularly pension payments to former Royal Bank of Scotland chief executive Sir Fred Goodwin.

http://www.guardian.co.uk/business/2009/may/11/tullett-prebo-executive-pay-smith

purch

"Tullett Prebon operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks"

Errr.........I know that. I first transacted a deal via Mr. Mickey Brown BSc the head of Tullett & Riley USD/DEM Forward Desk in April 1979.

I cannot see how a Broker has a vested interest in anything other than getting people to buy and sell.

I cannot see how producing a reasonable balanced opinion piece on the UK Economy will assist that.

kabayiri

Conrad wrote: »

....
Thjis simplistc 'radio jock' notion that Cameron should just get on with austerity, is incredibly short sighted.

You make some fair comments Conrad. No one would argue it's easy.

I also agree that it would be extremely difficult from a political angle.

I guess I argue from a pragmatic point of view. If we endure 5 years of cuts and slow growth, just to be told 'ahh well, it wasn't enough mate' I shall be bloomin well annoyed.

We either fix or don't bother trying.

gagahouse

purch wrote: »

Errr.........I know that. I first transacted a deal via Mr. Mickey Brown BSc the head of Tullett & Riley USD/DEM Forward Desk in April 1979.

I cannot see how a Broker has a vested interest in anything other than getting people to buy and sell.

I cannot see how producing a reasonable balanced opinion piece on the UK Economy will assist that.

Ha ha, Mickey Brown , used to work with him. Completely agree about non vested interest, they're agents not principals !!!!!!.