Is the stock market over heating?

gadgetmind

Glen_Clark wrote: »

We need to aim for the top, competing with counties like Germany and Switzerland on Quality and Innovation.

Yes, and we can do it, but we're having to pull engineers from all over the world to make it happen. If the UKIP nut jobs get their way, this tap will turn off, and we'll be truly screwed. Close the doors, turn off the lights, Britain is closed for business.

redbuzzard

gadgetmind wrote: »

Yes.
For me, education is the most important of these. Any company working in an area that needs scientists, mathematicians or engineers is really struggling to recruit.

And yet...my daughter is a Cambridge M.Eng., a senior engineering consultant with 10 years experience in design, compliance, project management etc in two vibrant sectors, and probably earns about the same as a typical semi literate junior marketing executive or HR manager with a degree in leisure centre management.

She could earn more in "management" without a doubt, but she enjoys her job and I've told her she couldn't put up with the corporate bolleaux in most medium to large companies.

Glen_Clark

redbuzzard wrote: »

And yet...my daughter is a Cambridge M.Eng., a senior engineering consultant with 10 years experience in design, compliance, project management etc in two vibrant sectors, and probably earns about the same as a typical semi literate junior marketing executive or HR manager with a degree in leisure centre management.

She could earn more in "management" without a doubt, but she enjoys her job and I've told her she couldn't put up with the corporate bolleaux in most medium to large companies.

Thats part of the problem isn't it. The productive side of the economy is being overtaxed to pay excessive salaries in the unproductive public sector. Its a double whammy because it draws some of the cleverist people away from the productive sector, into the unproductive sector.

jimjames

doughnutmachine wrote: »

your friend sounds a bit of a w*nker

Robert Peston of BBC said much the same thing about recessions and business closures/dead wood but without the w word.

lvader

The frightening thing is that the FTSE has a lot of commodity stocks which are nowhere near there peak! Even just a modest commodities rally could take the FTSE over 8000.

gadgetmind

redbuzzard wrote: »

probably earns about the same as a typical semi literate junior marketing executive or HR manager with a degree in leisure centre management.

We pay fresh grads £27k to £30k and they can work their way up to £50k to £60k without getting into management. After that, they need to be something truly special to get higher without being prepared to start running a team or two.

These seem like OK numbers to me, but I'm just a down-to-earth engineer/manager in a gritty Northern city so know little of fancy media jobs "darn sarf".

bowlhead99

grizzly1911 wrote: »

srcandas wrote: »

And all you young guys will have time to recover your wealth anyway

This is where Grizzly tells me he is 94 :rotfl:

No but unfortunately nowhere near as young as I once was.;)

I just did the maths - my age has put on a respectable compound annual 5% since the age of 10.

However projecting out another decade from here I will be down to 4.3%.

gadgetmind

bowlhead99 wrote: »

However projecting out another decade from here I will be down to 4.3%.

Well, they are projecting lower growth from here onwards...

dryhat

Down is the new up........

Max keiser's take on stock market indicators.

Superb analysis as usaual

grey_gym_sock

bowlhead99 wrote: »

I just did the maths - my age has put on a respectable compound annual 5% since the age of 10.

a good puzzle there ... couldn't remember the maths to solve it, but could by writing a 1-line script.