CBs don't really allow it so to speak. They don't actually set the interest rates(beyond what they lend themselves), they offer credible guidance on what interest rates should be (e.g. irish bank rates). The problem is we have a global savings glut which is very risk averse and in the absense of any better ideas of how to deploy that capital the hedge funds step in....Oldschool wrote:My own pension fund would, sadly, disagree with you.johng wrote:Equity heavy pension funds have been going gangbusters for the last 10 years. Now is probably the time to move towards higher proportion of Property/Bonds/Cash though. Big correction coming. quite likely next year. Trump will be hoping its in 2021 though for obvious reasons.
Gangbusters for who though?
Defined benefit is a thing of the past.
Defined contributions suggests that the risk has shifted and not to the benefit of the pensioner.
From my point of view, the rate of inflation should be negative.
This is based simplistically on the impact of technology on all aspects of cost.
Yet the CBs are in denial and actually have a target of +2% based on god knows what but certainly to allow countries to continue to borrow vast amounts of money seemingly regardless of the consequences.
Now I appreciate that there are enormous consequences for national economic management if it is accepted that the rate of inflation should be negative and not positive.
Incidentally, you say there's a downturn coming, will this be driven by the implosion of derivative trading and in particular German banks. I suppose that could be orchestrated to "take care" of the Trump problem.
(We should be careful what we wish for.)
Why do CBs allow gambling of this nature in the financial system.
Anyway I'm only having a rant.
Even if you tried to explain it to me I wouldn't get it.
I just look at my own (gradual) financial deterioration and realize it's because they're out to get me and I want to make it as difficult as possible for them to succeed.
I'm a firm believer in Phyric defeats.
Friday's Rave
Moderator: moderators
Re: Friday's Rave
Ruddock's tackle stats consistently too low for me to be taken seriously as a Six Nations blindside..... Ruddock's defensive stats don't stack up. - All Blacks Nil, Jan 15th, 2014
England A 8 - 14 Ireland A, 25th Jan 2014
Ruddock(c) 19/2 Tackles
England A 8 - 14 Ireland A, 25th Jan 2014
Ruddock(c) 19/2 Tackles
Re: Friday's Rave
The French stadium announcer plays Andorras anthem instead of Albania's and when he realises his mistake he apologises to Armenia. Brilliant!
https://www.the42.ie/france-albania-nat ... 7-Sep2019/
https://www.the42.ie/france-albania-nat ... 7-Sep2019/
You know I'm going to lose,
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!
Re: Friday's Rave
https://www.youtube.com/watch?v=KIY4MIFqXOE
Think I'll sell the Jag and get meself a Nissan. The boys are very persuasive.
Think I'll sell the Jag and get meself a Nissan. The boys are very persuasive.
You know I'm going to lose,
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!
Re: Friday's Rave
Yeah what is it with nissan? Every single car they make (bar the 370z) is incredibly ugly. They make no salon cars at all and every car they make seems to be jeep shaped. (Again bar the 370z).
- Dave Cahill
- Devin Toner
- Posts: 25535
- Joined: January 24th, 2006, 3:32 pm
- Location: None of your damn business
- Contact:
Re: Friday's Rave
blockhead wrote:https://www.youtube.com/watch?v=KIY4MIFqXOE
Think I'll sell the Jag and get meself a Nissan. The boys are very persuasive.
At least with a Nissan you don't spend half your time chasing the electricity down the road!
Kept me fit I suppose
I have Bumbleflex
Re: Friday's Rave
I think Ireland are going to win the world cup.blockhead wrote:https://www.youtube.com/watch?v=KIY4MIFqXOE
Think I'll sell the Jag and get meself a Nissan. The boys are very persuasive.
"That was shiterarse coaches need to look at themselves this is as bad at is.beem with school. Items impeovrnkyb neefedc"
Golf Man sums up the mood of a nation
Golf Man sums up the mood of a nation
Re: Friday's Rave
Leaving today to go to Japan for 2 weeks.
Hype levels rising.
Mines the fleg with "Will Scrum for Sushi" on it.
Hype levels rising.
Mines the fleg with "Will Scrum for Sushi" on it.
Anyone But New Zealand
Re: Friday's Rave
Enjoy.. I'll be posting a very similar message on 18th OctoberFLIP wrote:Leaving today to go to Japan for 2 weeks.
Hype levels rising.
Mines the fleg with "Will Scrum for Sushi" on it.
- LeRouxIsPHat
- Jamie Heaslip
- Posts: 15008
- Joined: January 22nd, 2009, 7:49 pm
Re: Friday's Rave
Savea being able to wear the same kind of goggles that Ian McKinley helped develop and worked so hard to have passed by World Rugby.
-
- Rob Kearney
- Posts: 8131
- Joined: April 10th, 2011, 10:23 am
Re: Friday's Rave
Well, that's a surprise. Boris has made a very clever offer and, it seems like Arlene has accepted the core compromise.
In so far as it can be interpreted thus far, this offer appears to establish that the Border between Britain and the EU will not be on the island of Ireland. It does so by proposing that there will be complete harmony in the passage of goods between Northern Ireland and the Republic i.e. Nothern Ireland's standards for Goods and Services will be identical to those of the EU, whilst mainland Britain will diverge from those standards as they consider appropriate to survive in World market conditions.
Will this mean that the arbitor of Northern Ireland standards for Goods & Services will be the European Court of Justice?
Will this mean that the EU will accept the assurances of UK Customs & Excises that they have properly assessed all exports from the UK mainland to Northen Ireland? Will such an artificial construct between parts of the United Kingdon of Great Britain and Northern Ireland lead to a substantial increase in smuggling into Northern Ireland - which will be in a borderless relationship with the EU, through the Irish Republic?
Overall, this looks like the first sign that the long-reknowned reputation of British negotiators is still alive and in rude good health.
I hope it works, or at least proves the basis of a real compromise. Getting the DUP to agree to this structure, if only for the period of 4 years initially, is real progress.
No Deal will be chaos, for Britain, for Brussels, but probably worst of all for Ireland, North and South. So I hope that Leo, Simon and Pascal can put their minds together and advise M. Barnier on just what Europe should compromise and yet reach agreement. I hope that all three of them close their ears to the expected shreiks from Sinn Fein and recognise that the Northern business and farming communities have conviinced Arlene to bend the knee. Nobody needs to humiliate her now that she has conceded the key point of a "common all-island regulatory approach to goods and services".
Negotiate but accept, would be my advise.
In so far as it can be interpreted thus far, this offer appears to establish that the Border between Britain and the EU will not be on the island of Ireland. It does so by proposing that there will be complete harmony in the passage of goods between Northern Ireland and the Republic i.e. Nothern Ireland's standards for Goods and Services will be identical to those of the EU, whilst mainland Britain will diverge from those standards as they consider appropriate to survive in World market conditions.
Will this mean that the arbitor of Northern Ireland standards for Goods & Services will be the European Court of Justice?
Will this mean that the EU will accept the assurances of UK Customs & Excises that they have properly assessed all exports from the UK mainland to Northen Ireland? Will such an artificial construct between parts of the United Kingdon of Great Britain and Northern Ireland lead to a substantial increase in smuggling into Northern Ireland - which will be in a borderless relationship with the EU, through the Irish Republic?
Overall, this looks like the first sign that the long-reknowned reputation of British negotiators is still alive and in rude good health.
I hope it works, or at least proves the basis of a real compromise. Getting the DUP to agree to this structure, if only for the period of 4 years initially, is real progress.
No Deal will be chaos, for Britain, for Brussels, but probably worst of all for Ireland, North and South. So I hope that Leo, Simon and Pascal can put their minds together and advise M. Barnier on just what Europe should compromise and yet reach agreement. I hope that all three of them close their ears to the expected shreiks from Sinn Fein and recognise that the Northern business and farming communities have conviinced Arlene to bend the knee. Nobody needs to humiliate her now that she has conceded the key point of a "common all-island regulatory approach to goods and services".
Negotiate but accept, would be my advise.
Re: Friday's Rave
You are way out of your depth here RTB!Ruckedtobits wrote:Well, that's a surprise. Boris has made a very clever offer and, it seems like Arlene has accepted the core compromise.
In so far as it can be interpreted thus far, this offer appears to establish that the Border between Britain and the EU will not be on the island of Ireland. It does so by proposing that there will be complete harmony in the passage of goods between Northern Ireland and the Republic i.e. Nothern Ireland's standards for Goods and Services will be identical to those of the EU, whilst mainland Britain will diverge from those standards as they consider appropriate to survive in World market conditions.
Will this mean that the arbitor of Northern Ireland standards for Goods & Services will be the European Court of Justice?
Will this mean that the EU will accept the assurances of UK Customs & Excises that they have properly assessed all exports from the UK mainland to Northen Ireland? Will such an artificial construct between parts of the United Kingdon of Great Britain and Northern Ireland lead to a substantial increase in smuggling into Northern Ireland - which will be in a borderless relationship with the EU, through the Irish Republic?
Overall, this looks like the first sign that the long-reknowned reputation of British negotiators is still alive and in rude good health.
I hope it works, or at least proves the basis of a real compromise. Getting the DUP to agree to this structure, if only for the period of 4 years initially, is real progress.
No Deal will be chaos, for Britain, for Brussels, but probably worst of all for Ireland, North and South. So I hope that Leo, Simon and Pascal can put their minds together and advise M. Barnier on just what Europe should compromise and yet reach agreement. I hope that all three of them close their ears to the expected shreiks from Sinn Fein and recognise that the Northern business and farming communities have conviinced Arlene to bend the knee. Nobody needs to humiliate her now that she has conceded the key point of a "common all-island regulatory approach to goods and services".
Negotiate but accept, would be my advise.
Does yer mammy know you're out?
You know I'm going to lose,
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!
Re: Friday's Rave
Don't be mean - that is genius satireblockhead wrote:You are way out of your depth here RTB!Ruckedtobits wrote:Well, that's a surprise. Boris has made a very clever offer and, it seems like Arlene has accepted the core compromise.
In so far as it can be interpreted thus far, this offer appears to establish that the Border between Britain and the EU will not be on the island of Ireland. It does so by proposing that there will be complete harmony in the passage of goods between Northern Ireland and the Republic i.e. Nothern Ireland's standards for Goods and Services will be identical to those of the EU, whilst mainland Britain will diverge from those standards as they consider appropriate to survive in World market conditions.
Will this mean that the arbitor of Northern Ireland standards for Goods & Services will be the European Court of Justice?
Will this mean that the EU will accept the assurances of UK Customs & Excises that they have properly assessed all exports from the UK mainland to Northen Ireland? Will such an artificial construct between parts of the United Kingdon of Great Britain and Northern Ireland lead to a substantial increase in smuggling into Northern Ireland - which will be in a borderless relationship with the EU, through the Irish Republic?
Overall, this looks like the first sign that the long-reknowned reputation of British negotiators is still alive and in rude good health.
I hope it works, or at least proves the basis of a real compromise. Getting the DUP to agree to this structure, if only for the period of 4 years initially, is real progress.
No Deal will be chaos, for Britain, for Brussels, but probably worst of all for Ireland, North and South. So I hope that Leo, Simon and Pascal can put their minds together and advise M. Barnier on just what Europe should compromise and yet reach agreement. I hope that all three of them close their ears to the expected shreiks from Sinn Fein and recognise that the Northern business and farming communities have conviinced Arlene to bend the knee. Nobody needs to humiliate her now that she has conceded the key point of a "common all-island regulatory approach to goods and services".
Negotiate but accept, would be my advise.
Does yer mammy know you're out?
I like your right leg. A lovely leg for the role.
I've got nothing against your right leg.
The trouble is ... neither have you
I've got nothing against your right leg.
The trouble is ... neither have you
Re: Friday's Rave
This new lark of cleaning up the rubbish before you leave the stadium. Not just your own rubbish mind, all the rubbish. The Japanese started this nonsense (I think) now the paddies are at it.
There are people employed to this FFS. Stop taking away peoples jobs!
There are people employed to this FFS. Stop taking away peoples jobs!
You know I'm going to lose,
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!
Re: Friday's Rave
There’s no buns anywhere here bar maybe the odd vending machine. it’s mad. They bring there rubbish home with them and if the buy a snack, they stop to eat it. That’s why it works.blockhead wrote:This new lark of cleaning up the rubbish before you leave the stadium. Not just your own rubbish mind, all the rubbish. The Japanese started this nonsense (I think) now the paddies are at it.
There are people employed to this FFS. Stop taking away peoples jobs!
Ruddock's tackle stats consistently too low for me to be taken seriously as a Six Nations blindside..... Ruddock's defensive stats don't stack up. - All Blacks Nil, Jan 15th, 2014
England A 8 - 14 Ireland A, 25th Jan 2014
Ruddock(c) 19/2 Tackles
England A 8 - 14 Ireland A, 25th Jan 2014
Ruddock(c) 19/2 Tackles
Re: Friday's Rave
My 5 year old little lad who has ASD, catching his first rugby ball today. Took us a while to get there. He had an absolute blast. Even after today's result I'll never not love this game.
Re: Friday's Rave
Any chance he could teach a few of the lads the same trick.RoboProp wrote:My 5 year old little lad who has ASD, catching his first rugby ball today. Took us a while to get there. He had an absolute blast. Even after today's result I'll never not love this game.
Congrats.
Mirror, Mirror on the Wall who's the greatest player of them all? It is Drico your majesty.
Re: Friday's Rave
Thanks OS I even threw him a few hairy ones which he ably fielded. My missus had to call us in when it was dark, he wanted to stay out. He even passes like a propOldschool wrote:Any chance he could teach a few of the lads the same trick.RoboProp wrote:My 5 year old little lad who has ASD, catching his first rugby ball today. Took us a while to get there. He had an absolute blast. Even after today's result I'll never not love this game.
Congrats.
Re: Friday's Rave
So not at all? Seriously though, that's great going.RoboProp wrote: Thanks OS I even threw him a few hairy ones which he ably fielded. My missus had to call us in when it was dark, he wanted to stay out. He even passes like a prop
Anyone But New Zealand
Re: Friday's Rave
Yeah, fair play RoboPropFLIP wrote:So not at all? Seriously though, that's great going.RoboProp wrote: Thanks OS I even threw him a few hairy ones which he ably fielded. My missus had to call us in when it was dark, he wanted to stay out. He even passes like a prop
You know I'm going to lose,
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!
And gambling's for fools,
But that's the way I like it baby, I don't want to live FOREVER!