A bit of economic panic and ... A bit of economic panic and ...
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  1. #1

    Better than AtW

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    Default A bit of economic panic and ...

    ...all the socialist regulators start coming out of the woodwork. As if top down regulation will provide stability and prosperity. It never has and never will. Luckily capitalists will always find ways round whatever regulations are put up and long may that continue.
    Nothing fundamental has happened, the markets have regulated themselves as they always do and decided who should go and who should stay. Its a complex and beautiful system that simplistic deterministic cretins don't understand.
    So for now all the useless monkeys will gibber that they were right all along yadda yadda blah blah, while the system will sort itself out and carry on much as it's always been.
    The wise will note that history repeats itself and know when to take risks to prosper.
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  2. #2

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    Quote Originally Posted by sasguru View Post
    ..
    The wise will note that history repeats itself and know when to take risks to prosper.
    Amen to that.

    For example, the City boyz might for forked, but there are bargains to be had.

    http://www.pistonheads.com/sales/717509.htm
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  3. #3

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    "Its a complex and beautiful system that simplistic deterministic cretins don't understand."

    And nor do the geniuses who run it.

  4. #4

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    Same London boy who needs to shift the 911 Turbo quick:

    http://www.pistonheads.com/sales/717544.htm

    Oh Dear. That bonus didn't materialise did it?
    SARS-CoV-2 - Finally something from China that still works as designed.

  5. #5

    Better than AtW

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    Quote Originally Posted by Bob Dalek View Post
    "Its a complex and beautiful system that simplistic deterministic cretins don't understand."

    And nor do the geniuses who run it.
    No one does:

    "......every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. .."
    Hard Brexit now!
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  6. #6

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    Quote Originally Posted by DimPrawn View Post
    Same London boy who needs to shift the 911 Turbo quick:

    http://www.pistonheads.com/sales/717544.htm

    Oh Dear. That bonus didn't materialise did it?
    It tears my heart out

    Confusion is a natural state of being

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    Quote Originally Posted by DimPrawn View Post
    Same London boy who needs to shift the 911 Turbo quick:

    http://www.pistonheads.com/sales/717544.htm

    Oh Dear. That bonus didn't materialise did it?
    He still knows how to put a mark on a commodity though - Selling for £159995, receipt in the picture is for £135640...
    ‎"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."

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    Quote Originally Posted by DimPrawn View Post
    Same London boy who needs to shift the 911 Turbo quick:

    http://www.pistonheads.com/sales/717544.htm

    Oh Dear. That bonus didn't materialise did it?
    Good to see he'd specified cruise control... can't go wrong with that

  9. #9

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    Quote Originally Posted by DimPrawn View Post
    Same London boy who needs to shift the 911 Turbo quick:

    http://www.pistonheads.com/sales/717544.htm

    Oh Dear. That bonus didn't materialise did it?
    Cost 135k. Selling 160k on delivery. Am I missing something, this looks in the black to me?

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    Quote Originally Posted by sasguru View Post
    ...all the socialist regulators start coming out of the woodwork. As if top down regulation will provide stability and prosperity. It never has and never will. Luckily capitalists will always find ways round whatever regulations are put up and long may that continue.
    Nothing fundamental has happened, the markets have regulated themselves as they always do and decided who should go and who should stay. Its a complex and beautiful system that simplistic deterministic cretins don't understand.
    So for now all the useless monkeys will gibber that they were right all along yadda yadda blah blah, while the system will sort itself out and carry on much as it's always been.
    The wise will note that history repeats itself and know when to take risks to prosper.


    I completely agree. Existing regulation should have been enough to spot problems looming on the horizon, and any responsible government should have realised that living on credit was unsustainable.
    The FSA and HMG are culpable because they failed to notice (or noticed but did not act!!) that banks were lending far beyond their asset cover by virtue of selling mortgages onto other banks as SIVs.
    Personally, I have been opposed to shorting for over 8 years, having watched a company that I was heavily invested in go under due in major part to these activities.
    Shorting was also a factor in the demise of Northern Rock, so yet again HMG have acted belatedly more than a year after a catastrophic event. It was too late for Northern Rock and it is now too late for New Lie.

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