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March 29 2024 3.45pm

Interesting day for the EU and Europe

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View Cucking Funt's Profile Cucking Funt Flag Clapham on the Back 08 Dec 16 7.19pm Send a Private Message to Cucking Funt Add Cucking Funt as a friend

Originally posted by Part Time James

Sarah Greene would get it. Till it fell off.

Edited by Part Time James (08 Dec 2016 6.57pm)

Well, she's free now.

 


Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham

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Yellow Card - User has been warned of conduct on the messageboards View Hrolf The Ganger's Profile Hrolf The Ganger Flag 08 Dec 16 7.48pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by tome

So, who do you have faith in? If your house needs repairs, or your computer breaks down, do you just try and do everything yourself?

What if you are in charge of a project and plenty of people would be affected if you bugger it up?

I can certainly appreciate a healthy scepticism for self-aggrandising dingbats who think they have all the answers, but I do think there is a balance somewhere between asking the masses to vote on complex issues and have malevolent elites use this as an excuse to make all the decisions benefit themselves.

Your first bit isn't helping your argument.

Have you ever had builders in? Bleedin' useless most of the time. And I always fix my own computer, it usually just takes a bit of patience. In fact I built my main one.

I think expertise has to be weighed and the level of bias considered. In this case, people are too keen to panic, especially Remainers.

 

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View tome's Profile tome Flag Inner Tantalus Time. 08 Dec 16 8.09pm Send a Private Message to tome Add tome as a friend

Originally posted by Hrolf The Ganger

Your first bit isn't helping your argument.

Have you ever had builders in? Bleedin' useless most of the time. And I always fix my own computer, it usually just takes a bit of patience. In fact I built my main one.

I think expertise has to be weighed and the level of bias considered. In this case, people are too keen to panic, especially Remainers.

Sure, so how do you about that, that's what I wonder.

The reason why I alluded to the project scenario is that Ministers will have a diary stuffed full of meetings and I doubt they have got much time to identify the people who have good advice and separate them from the charlatans.

Good for you that you can fix your machine, one of the general themes is that the last 20 years has seen an explosion in information thanks to the internet. It's made it much harder to be sure what you're doing any more, and I think the uncertainty that creates is one of the undercurrents related to the votes for Brexit and Trump. People feel baffled by the technocrats, I know I do.

I remember reading a passage about a frustrated manager. Wanted his team to give their views on the important financial data. General silence resulted, but when the meeting moved on to biscuits suddenly everyone had a view.

 


A one and a two...

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.TUX. Flag 08 Dec 16 9.09pm

Originally posted by chris123

Do you mean if there is more QE - if there is it will be across the whole euro zone and not Italy. Very difficult to sort out under capitalised banks in the euro zone.

99% certain there will be more QE.
The ECB is a leader in 'manipulation and creative accounting' as proved by it's recent dealings with certain privately owned(!) energy companies and re-writing its own rules. Throw Deutsche Bank (along with a few others) into the mix and Europe is in one hell of a mess. Couple that with the real problem, the US, and it's pretty difficult to see anything other than a bleak future. A future that those who will end up footing the bill had nothing absolutely to do with.

Worrying about this current UNPRECEDENTED situation is, according to some, 'pant-wetting'.
Each to their own.



 


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Yellow Card - User has been warned of conduct on the messageboards View Hrolf The Ganger's Profile Hrolf The Ganger Flag 08 Dec 16 9.12pm Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by tome

Sure, so how do you about that, that's what I wonder.

The reason why I alluded to the project scenario is that Ministers will have a diary stuffed full of meetings and I doubt they have got much time to identify the people who have good advice and separate them from the charlatans.

Good for you that you can fix your machine, one of the general themes is that the last 20 years has seen an explosion in information thanks to the internet. It's made it much harder to be sure what you're doing any more, and I think the uncertainty that creates is one of the undercurrents related to the votes for Brexit and Trump. People feel baffled by the technocrats, I know I do.

I remember reading a passage about a frustrated manager. Wanted his team to give their views on the important financial data. General silence resulted, but when the meeting moved on to biscuits suddenly everyone had a view.

If you mean that people tell lies then I'm afraid they always have. It's just that we now have access to more lies and false information.

Surely it is better to have more information than less even given that politics is essentially about lying.

 

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View chris123's Profile chris123 Flag hove actually 09 Dec 16 1.39pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by .TUX.

99% certain there will be more QE.
The ECB is a leader in 'manipulation and creative accounting' as proved by it's recent dealings with certain privately owned(!) energy companies and re-writing its own rules. Throw Deutsche Bank (along with a few others) into the mix and Europe is in one hell of a mess. Couple that with the real problem, the US, and it's pretty difficult to see anything other than a bleak future. A future that those who will end up footing the bill had nothing absolutely to do with.

Worrying about this current UNPRECEDENTED situation is, according to some, 'pant-wetting'.
Each to their own.



I was really commenting on your point about Italy being saddled with more debt - which I couldn't see.

 

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.TUX. Flag 10 Dec 16 6.45am

Originally posted by chris123

I was really commenting on your point about Italy being saddled with more debt - which I couldn't see.


It's reported that Italy is home to roughly a third of all of the bad debt at EU banks, so yeah, more debt (QE) is probably on the way.

 


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View chris123's Profile chris123 Flag hove actually 10 Dec 16 8.48am Send a Private Message to chris123 Add chris123 as a friend

Originally posted by .TUX.


It's reported that Italy is home to roughly a third of all of the bad debt at EU banks, so yeah, more debt (QE) is probably on the way.

QE is not a panacea for bad debt though - it's a liquidity tool.

 

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.TUX. Flag 10 Dec 16 8.57am

Originally posted by chris123

QE is not a panacea for bad debt though - it's a liquidity tool.

I know.
And it's only a liquidity tool for some, but very bad news for the vast majority.

 


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View chris123's Profile chris123 Flag hove actually 10 Dec 16 9.24am Send a Private Message to chris123 Add chris123 as a friend

Originally posted by .TUX.

I know.
And it's only a liquidity tool for some, but very bad news for the vast majority.

I still don't understand how QE can impact bad loans in Italian banks. I could understand if the Italian Gov. wanted to pump in some capital, but it's against the rules these days isn't it?

 

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.TUX. Flag 10 Dec 16 12.16pm

Originally posted by chris123

I still don't understand how QE can impact bad loans in Italian banks. I could understand if the Italian Gov. wanted to pump in some capital, but it's against the rules these days isn't it?

If the financial system followed ''the rules'' we'd not be in the situation we are.
But i guess you already know that.

 


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