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Re: Predictions for 2012
Originally Posted by jimenato
(Post 9721043)
Snatch it back out of his hand and tell him to bugger off:frown:
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Re: Predictions for 2012
Originally Posted by HBG
(Post 9721214)
It's a 6'6" gippo, who's started sipping his pint of cider when you realise that the pound coins he has handed you are chocolate buttons.
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Re: Predictions for 2012
Originally Posted by HBG
(Post 9721214)
It's a 6'6" gippo, who's started sipping his pint of cider when you realise that the pound coins he has handed you are chocolate buttons.
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Re: Predictions for 2012
Originally Posted by jimenato
(Post 9721263)
I've done it. What is the correct answer?
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Re: Predictions for 2012
Originally Posted by bil
(Post 9721162)
Few analogies bear intense examination. A 6 week old kitten is analogous to a Bengal tiger.
Let us say that China is the country to whom is owed the most money, ok? So, if all debts are wiped, china ends up out of pocket. At the moment the chinese businesses are having problems, because europeans etc are no longer buying enough of their cheap tat. Were the rest of us no longer paying for debt, maybe we would have more money to spend? Just a thought. |
Re: Predictions for 2012
Originally Posted by jimenato
(Post 9721043)
Snatch it back out of his hand and tell him to bugger off:frown:
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Re: Predictions for 2012
Originally Posted by stuboy
(Post 9721321)
But this is the point isn't it, China relies on that money being repaid with interest to fund it's own appartus and expansion. You could also argue that if people had more money in their pockets because they were debt free then they would be even less inclined to buy cheat tat and purchase higher end products thus worsening China's exports which in turn would damage their domestic economy, it really is a vicious circle isn't it.
No solution to the problem is without risk and the idea is to find a solution that causes the least pain to all. |
Re: Predictions for 2012
Originally Posted by stuboy
(Post 9721321)
But this is the point isn't it, China relies on that money being repaid with interest to fund it's own appartus and expansion. You could also argue that if people had more money in their pockets because they were debt free then they would be even less inclined to buy cheat tat and purchase higher end products thus worsening China's exports which in turn would damage their domestic economy, it really is a vicious circle isn't it.
They just offered to buy the virtually bankrupt Saab motor company at a knock down price mainly for the technology incorporated into the latest designs. G.M. have put the block on it, though they no longer own Saab, they still hold technology rights which they aren't keen on giving away to the Chinese for obvious reasons. |
Re: Predictions for 2012
Originally Posted by bil
(Post 9721348)
and if the markets collapse, then china is screwed, because its IOUs are worthless.
No solution to the problem is without risk and the idea is to find a solution that causes the least pain to all. Exactly The holy Grail comes to mind |
Re: Predictions for 2012
Originally Posted by stuboy
(Post 9721425)
Exactly
The holy Grail comes to mind Sadly tho, I fear we will have to come up with something more prosaic. |
Re: Predictions for 2012
Originally Posted by Dick Dasterdly
(Post 9721357)
The Chinese are already looking way beyond cheap tat and trying every which way to move into the hi-tec market by hook or by crook.
They just offered to buy the virtually bankrupt Saab motor company at a knock down price mainly for the technology incorporated into the latest designs. G.M. have put the block on it, though they no longer own Saab, they still hold technology rights which they aren't keen on giving away to the Chinese for obvious reasons. According to reports last week they (the Chinese) will probably just nick the technology anyway |
Re: Predictions for 2012
Originally Posted by Dick Dasterdly
(Post 9720254)
More excellent news from "Our Man in Madrid".
I was actually thinking along the lines of "Stevie Glass half Full", or having considered it further, maybe "Stevie thy Glass runneth over", would be much more appropriate.;) Anyway, I really don't know what we'd do without you cheering us all up during these dark depressing Autumnal days, Steve. :D Great news about the bars anyway, at least there should be lots of happy Landlords about, though whether their clients are celebrating better times ahead or simply drowning their sorrows I have no idea. Hopefully your predictions will come true and there are better times ahead, though just how far ahead, may be a little more difficult to predict. As for Barca/Real, it's hard to say. I would have gone for Barca before the season started, but now it seems wide open and at least a little more interesting than in the last two or three seasons. I have to say also that most places were packed on Saturday night, but that's always been the case. The Triskel pub was absolutely packed on several nights - seems the expats are keeping in work. But there were definite signs that more locals/shops etc had closed, than normal. I saw few job adverts (one for a cook in a bar, another for a waitress at the Molly Malone pub in Malasana), but a lot fewer than used to be the case. I realise certain people will refuse to believe what I saw, but that's been my experience. It certainly doesn't underplay the fact that the unemployment figures are way too high, even in Madrid which (I believe) is half that of Andalucia. I really hope the casino park complex, which makes a lot of money sense (think of all the south Americans and Chinese who'd fly in to gamble there) goes ahead. 50,000 new jobs will be a great boast. :fingerscrossed: |
Re: Predictions for 2012
Originally Posted by steviedeluxe
(Post 9721451)
Perhaps people got the wrong impression when I stated they were full in the morning. Very little alcohol at that time (well the odd cana or vino perhaps). Mainly people popping in for a morning coffee and a bocata, pincho de tortilla (or churros). And a couple of name checks so anyone who visits Madrid can verify that between 10am and 1pm in the morning (Spanish classification of morning), these bars are busy. One - the Corner Cafe on c/Franciso Silvera two the bar La Divina just off c/Fuencarral. The bar at street level near the Avenida de Americas station was also packed this morning, but the location helps it to remain busy (and they do a lot of great tapas and filled rolls)
I have to say also that most places were packed on Saturday night, but that's always been the case. The Triskel pub was absolutely packed on several nights - seems the expats are keeping in work. But there were definite signs that more locals/shops etc had closed, than normal. I saw few job adverts (one for a cook in a bar, another for a waitress at the Molly Malone pub in Malasana), but a lot fewer than used to be the case. I realise certain people will refuse to believe what I saw, but that's been my experience. It certainly doesn't underplay the fact that the unemployment figures are way too high, even in Madrid which (I believe) is half that of Andalucia. I really hope the casino park complex, which makes a lot of money sense (think of all the south Americans and Chinese who'd fly in to gamble there) goes ahead. 50,000 new jobs will be a great boast. :fingerscrossed: remember.....you have the right to remain silent, and anything you do say blah blah balh............ |
Re: Predictions for 2012
In the light of the news just posted, I think I'll amend my predictions.
There will be more red tape. There will be more taxation. There will be less personal freedom. The bins won't be emptied any more often. There will be more cases of paedophilia in the church. Another very easy prediction methinks. |
Re: Predictions for 2012
Originally Posted by stuboy
(Post 9721444)
Interesting Dick. I've not heard anything about this story, I wonder what price the Chinese could knock a Saab out for.
According to reports last week they (the Chinese) will probably just nick the technology anyway They really mean serious business at the top end of the market now, so anyone who thinks they're still only into cheap junk is sadly mistaken. http://www.thetruthaboutcars.com/200...sold-to-china/ Big shame about Saab.They were already in trouble when the Swedes sold it to G.M. They didn't improve the situation and finally unloaded to some crap Dutch company backed by the Ruskies. The Dutch seemed to be in it for whatever EU funding they could get their hands on, whilst the Ruskies were after the brand name, possibly to start churning them out in Moscow. Anyway that all went tits up, partly because GM weren't keen on the Russian investor involved and partly because the Swedish and EU backing fell through, as by then it had gone far to far downhill to recover. Workers back in Sweden have been laid off for quite a while now without wages, production has stopped and the suppliers are still owed a small fortune, so they pulled the plug as well. The company seems finished as far as Europe is concerned,but whether the Chinese can resurrect it without the latest technology,remains to be seen. |
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