and specifically how long they can keep this up for without building up massive deficits?
on Newsnight the other night I believe they said the Sauds have approx 6-8 more months of cash reserves
― illegal economic migration (Tracer Hand), Wednesday, 13 January 2016 16:59 (eight years ago) link
also it doesn't study more to major in economics?i find it weird that the worst thing happening in the global economy right now is a negative second derivative. like, get back to me when something is actually decreasing― flopson, Wednesday, 13 January 2016 Bookmark Flag Post Permalink
i find it weird that the worst thing happening in the global economy right now is a negative second derivative. like, get back to me when something is actually decreasing
― flopson, Wednesday, 13 January 2016 Bookmark Flag Post Permalink
The number of jobs that pay a decent wage?
― xyzzzz__, Wednesday, 13 January 2016 17:06 (eight years ago) link
boom
― sleeve, Wednesday, 13 January 2016 17:19 (eight years ago) link
That is... a considerably shorter period of time than I'd been expecting.
― Matt DC, Wednesday, 13 January 2016 17:20 (eight years ago) link
iirc it is thought to be five years at $50 a barrel so you could extrapolate from that. Their break-even point is higher than almost everyone else, i think.
They are raising money through different routes, though - hence the mooted Aramco IPO.
― On a Raqqa tip (ShariVari), Wednesday, 13 January 2016 17:23 (eight years ago) link
― xyzzzz__, Wednesday, January 13, 2016 12:06 PM (1 hour ago) Bookmark Flag Post Permalink
this is certainly not the case globally. anyways the rich world has had low median wage growth for decades for mostly well-understood reasons, why would that suddenty cause a global crisis now?
― flopson, Wednesday, 13 January 2016 18:11 (eight years ago) link
Obviously that was a joke - but your post shows a lack of awareness of what might be happening to people. Talk of a 2nd derivative sounds delusional.
― xyzzzz__, Thursday, 14 January 2016 07:11 (eight years ago) link
Whatever that is (yes I know I can google)
― xyzzzz__, Thursday, 14 January 2016 07:12 (eight years ago) link
― flopson, Wednesday, January 13, 2016 10:31 AM Bookmark Flag Post Permalink
http://www.sfgate.com/business/article/Stocks-plunge-S-P-500-is-down-10-percent-from-6757200.php
"I find it weird that the worst thing happening is markets down ten percent. get back to me when you're wearing a burlap sack."
― big WHOIS aka the nameserver (s.clover), Thursday, 14 January 2016 08:26 (eight years ago) link
i guess that's for the u.s. thread, so here's the 3mo ftse too
http://www.bbc.co.uk/news/business/market_data/chart?chart_primary_ticker=LSE:UKX&chart_time_period=3_month&canvas_colour=000000&primary_chart_colour=CC0000&use_transparency=0&plot_colour=ffffff&cp_line_colour=1F4F82&margin_left=35&margin_bottom=20&margin_right=20&time_24hr=1&tiny_chart=1&tiny_month_view=1&logo_strength=light&y_axis_left=1&x_axis_plain=1&cp_line=1&cp_line_style=dotline&charting_freq=1_minute&co_dimension%5Ewidth=203&co_dimension%5Eheight=152&small_chart_x_label_format=1&date_label_spacing=30
― big WHOIS aka the nameserver (s.clover), Thursday, 14 January 2016 08:33 (eight years ago) link
Bump
― koogs, Friday, 24 June 2016 05:37 (seven years ago) link
http://dvdmedia.ign.com/media/reviews/image/apes_damnyou.jpg
― get on (down) / to the funky (sound) / of (snoball), Friday, 24 June 2016 05:39 (seven years ago) link
UBS is predicting £350bn wiped off the value of the FTSE today. Anything under £200bn would probably be a success.
― On a Raqqa tip (ShariVari), Friday, 24 June 2016 05:46 (seven years ago) link
but we've £351M a week we don't have to pay to brussels. we could pay that off in, er, 1000 weeks.
― koogs, Friday, 24 June 2016 06:42 (seven years ago) link
The FTSE dropped 531 points (8.something per cent) in the time it took me to walk 200 metres from Charing Cross to my office.
― On a Raqqa tip (ShariVari), Friday, 24 June 2016 07:12 (seven years ago) link
11.4%https://twitter.com/FT/status/746243856165933056/photo/1?ref_src=twsrc%5Etfw
― get on (down) / to the funky (sound) / of (snoball), Friday, 24 June 2016 07:50 (seven years ago) link
i need to book a trip
― helpless before THRILLARY (Dr Morbius), Friday, 24 June 2016 11:05 (seven years ago) link
FAP?
― xyzzzz__, Friday, 24 June 2016 11:11 (seven years ago) link
well sure
― helpless before THRILLARY (Dr Morbius), Friday, 24 June 2016 11:27 (seven years ago) link
mi casa et su casa
― xyzzzz__, Friday, 24 June 2016 14:53 (seven years ago) link
in casa emergency break ice
― Daithi Bowsie (darraghmac), Friday, 24 June 2016 14:54 (seven years ago) link
https://www.youtube.com/watch?v=XK9doTm8CH8
― helpless before THRILLARY (Dr Morbius), Friday, 24 June 2016 15:07 (seven years ago) link
http://www.express.co.uk/news/uk/866946/brexit-latest-updates-ons-data-wipes-490-billion-uk-wealth
― Tom's Tits Experiment (Tom D.), Monday, 16 October 2017 09:34 (six years ago) link
Can someone please have a look at this post and thoroughly debunk it (or otherwise)? Pretty please. Yours, an economics idiot
http://forum.charltonlife.com/discussion/comment/2994686/#Comment_2994686
― imago, Tuesday, 31 October 2017 12:17 (six years ago) link
Just looking at Wikipedia, the China-Australia deal took a decade, not 13 months, so that guy’s nuts
― El Tomboto, Tuesday, 31 October 2017 12:31 (six years ago) link
And the Walloons held firm against the EU-Canada agreement for a whole... two weeks, just looking at the google news headlines.
― El Tomboto, Tuesday, 31 October 2017 12:34 (six years ago) link
The old “throwing out easily disprovable ‘facts’ in a barrage because there’s no referee so just try and prove me wrong” school
― El Tomboto, Tuesday, 31 October 2017 12:37 (six years ago) link
guess the old 'we can be like singapore' line is p raving mad too
― imago, Tuesday, 31 October 2017 12:49 (six years ago) link
i dunno, a lot of Tories are into corporal punishment
― Pope Urban the Legend (Noodle Vague), Tuesday, 31 October 2017 12:51 (six years ago) link
I feel that in a normal year this type of thing might be bigger news.
BBC News - Interserve rescue plan prompts share collapsehttp://www.bbc.co.uk/news/business-46505688
No mention of the half a million+ they paid their CEO in April. But at least the million shares they also gave her are now worth less so that's something?
― Ned Trifle X, Monday, 10 December 2018 09:48 (five years ago) link
shit-bin-manufacturing-relocating-to-eire
― gabbnebulous (darraghmac), Sunday, 16 December 2018 18:52 (five years ago) link
https://www.theguardian.com/business/2022/jun/18/we-face-a-global-economic-crisis-and-no-one-knows-what-to-do-about-it
We know that an increase in the cost of borrowing in the UK, the eurozone and the US, which is what we are now witnessing, will do nothing to bring down prices.Inflation is an affliction caused by Russia’s invasion of Ukraine, and to a lesser but important extent by China’s difficulties with Covid after its vaccine development failures, which have caused repeated lockdowns and holdups at ports. In the UK, Brexit adds a further big twist because it has damaged trade and cut the number of available workers.The justification for higher interest rates, then, must lie elsewhere, and central banks, to justify their spasm of action, argue they must go ahead to avert a wages spiral – one where pay exceeds inflation.In Britain, this argument presumes that the average worker, to prevent a fall in personal living standards, will be able to negotiate a pay deal that beats the Bank of England’s latest forecast for peak inflation later this year of 11%.When the government is expected to limit public sector pay rises to between 0% and 3% this year, that means private sector increases would have to be even higher – about 12% or 13% on average. These levels of pay rise are a fiction.
― Tracer Hand, Saturday, 18 June 2022 21:43 (one year ago) link
Oof
I literally did not believe this when it was first explained to me, but the UK effectively puts housing prices in the CPI for student loan interest, so anyone with a student loan is levered synthetic short housing as well needing to rent. It's shocking their TFR isn't 0. https://t.co/Z6tkux9mQA— Quantian (@quantian1) August 3, 2022
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 3 August 2022 14:08 (one year ago) link
this thread is key reading imo:
The Bank of England’s going to increase interest rates today. It may be by 0.25%. It could be by 0.5%. But the question is, why are they choosing to increase the price of money when we already have an inflation problem? A thread to explain…..— Richard Murphy (@RichardJMurphy) August 4, 2022
― Tracer Hand, Friday, 5 August 2022 14:45 (one year ago) link
it’s almost as if “cooling” (sunak) vs “stimulating” the economy (truss) is too simplistic a way to think about this quite grim challenge of profiteering, war and chronic underinvestment
― Tracer Hand, Friday, 5 August 2022 16:49 (one year ago) link
― 𝔠𝔞𝔢𝔨 (caek), Monday, 26 September 2022 02:14 (one year ago) link
negative growth in last 3 months blamed on... the extra bank holiday and not the fuckwittery of the truss government.
Christmas and a world cup in the next quarter though.
― koogs, Saturday, 12 November 2022 12:30 (one year ago) link
food inflation now running at 19%. not a typo.
― Tracer Hand, Tuesday, 2 May 2023 12:25 (eleven months ago) link