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tegs07

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Everything posted by tegs07

  1. The problem with trying to put everything and everyone into a nice neat box is that it never quite fits. The BOE are part of what exactly, a global neoliberal conspiracy? I see a long list of policy failures and fcuk ups, incompetence, complacency and short term thinking. It’s not a conspiracy just bad economics and poor planning. The result is an economy that can only function with sub 2% interest rates and low gilt yields. Bailey knew that rates hitting elevated levels would bring havoc which is why he has avoided raising them to the required level to stave of inflation and has tried to talk down any further inflationary factors and calm the markets. Wage inflation being a significant inflationary factor that investors in fixed income investments in particular look at. In other words the people that buy government debt and allow an economy to function. Investors have now lost faith in UK PLC’s economic prudence for a multitude of reasons, inflation is running riot and gilt yields are hitting new levels. Interest rates will have to rise and there will be all manner of unintended consequences, from margin calls whether from LDI issues as per the current pensions issues or Credit Default Swaps in investment banks. It may get messy but it’s not a conspiracy.
  2. Carol Kaye, Kim Deal and Ida Nielsen definitely get my vote.
  3. I’m always concerned about how difficult it is for people. Having secure shelter is a fundamental requirement. It shouldn’t be a luxury or a casino.
  4. The former governor of the bank of England, Mervyn King once said “house prices are a matter of opinion, debt is real”. The debt is dependent upon affordability which is dependant upon interest rates. House prices are no longer tied to (sensible) salary (multiples) as the criteria for purchase IMO but are totally dependent upon access to cheap credit. Remove this from the equation and what houses are really “worth” will be revealed. My personal opinion is that two decades of ultra cheap credit has distorted the economy entirely, shifted asset ownership into the hands of people who can afford the risk of loading up on cheap credit and made the risks far higher for those on the first rungs of the ladder. This disproportionately affects the young.
  5. sgt.peppers lonely hearts club band - beatles
  6. dopes to infinity - monster magnet
  7. sweet leaf - black sabbath
  8. Dead cities - FSOL
  9. babylon system - bob marley
  10. it ain’t what you do (it’s the way that you do it) - fun boy three & bananarama
  11. girlfriend in a coma - smiths
  12. new rose - damned
  13. real wild child - iggy pop
  14. dr.funkenstein - parliament
  15. mama’s got a girlfriend now - ben harper
  16. once more - the wedding present
  17. It’s certainly a crime against aesthetics …
  18. The description fesses up to the fake decals.
  19. she sells sanctuary - the cult
  20. something wicked this way comes - the herbaliser
  21. word up - cameo
  22. Your supposed to ruin the name not clarify it.
  23. i am the resurrection - stone roses
  24. Bargain. If I didn’t already have one I would be having this!!
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