The Army Rumour Service - Economics http://www.arrse.co.uk/ en Sun, 26 May 2013 01:46:34 GMT vBulletin 60 http://www.arrse.co.uk/images/misc/rss.png The Army Rumour Service - Economics http://www.arrse.co.uk/ Moroccan Villa Complex - £200M Loss http://www.arrse.co.uk/economics/197456-moroccan-villa-complex-%A3200m-loss.html Sun, 14 Apr 2013 13:10:19 GMT Premier stars face massive losses in £200m Moroccan villa nightmare: Embarrassment for Terry and Ferdinand as project they backed flounders | Mail Online

Everyone loves a sob story about overpaid footballers.......

Quote:
England footballers Rio Ferdinand and John Terry are among hundreds of Britons who face losing millions of pounds after investing in a holiday villa project in Morocco.
They and other star players, including Joe Cole, Michael Carrick and football pundit Gary Neville, ploughed money into the £200million project believing they would now have the keys to stylish beachside homes – but nothing has been built at the site for four years.
What they were assured would be a luxury resort featuring 1,342 properties, three golf courses and a sports complex is today an abandoned building site. Investors fear there is little prospect of it ever being completed.
And to the embarrassment of the players, many British investors were won over by promotional work they did in return for discounted properties at Le Jardin de Fleur in Saidia.
Daily Fail article so it has a comments box at the bottom....

Quote:
Hahahahahahahahahahahahahahaha......oh make it stop....hahahahahahahahahahahahaha.......... hahahahahahahahahahahaha
- Stevie, Liverpool, 14/4/2013 1:27
Stevie is currently on +814....Go on give him a click you know you want to........... ]]> Economics geezer466 http://www.arrse.co.uk/economics/197456-moroccan-villa-complex-%A3200m-loss.html Thatcherite economics http://www.arrse.co.uk/economics/197180-thatcherite-economics.html Mon, 08 Apr 2013 15:36:24 GMT Quote Wiki "Thatcherism is associated with the economic theory of monetarism. In contrast to previous government policy, monetarism placed a priority on controlling inflation over controlling unemployment. According to monetarist theory, inflation is the result of there being too much money in the economy. It was claimed that the government should seek to control the money supply in order to control inflation. However, by 1979 it was not only the Thatcherites who were arguing for stricter control of inflation. The Labour Chancellor Denis Healey had already adopted some monetarist policies, such as reducing public spending and selling off the government's shares in BP.

Moreover, it has been argued that the Thatcherites were not strictly monetarist in practice. A common theme centres on the Medium Term Financial Strategy. The Strategy, issued in the 1980 Budget, consisted of targets for reducing the growth of the money supply in the following years. After overshooting many of these targets, the Thatcher government revised the targets upwards in 1982. Analysts have interpreted this as an admission of defeat in the battle to control the money supply. The economist C. F. Pratten claimed:

Since 1984, behind a veil of rhetoric, the government has lost any faith it had in technical monetarism. The money supply, as measured by £M3, has been allowed to grow erratically, while calculation of the PSBR is held down by the ruse of subtracting the proceeds of privatisation as well as taxes from government expenditure. The principles of monetarism have been abandoned.

Thatcherism is also associated with supply-side economics. Whereas Keynesian economics holds that the government should stimulate economic growth by increasing demand through increased credit and public spending, supply-side economists argue that the government should instead intervene only to create a free market by lowering taxes, privatizing state industries and increasing restraints on trade unionism."

So why not on this day ask the question. Is it better to try and control inflation or unemployment?

We've seen where Keynesian economics has led us this last decade how about we give Thatcherite monetarism another shot? ]]> Economics BiscuitsAB http://www.arrse.co.uk/economics/197180-thatcherite-economics.html Buy to Let Cars http://www.arrse.co.uk/economics/196906-buy-let-cars.html Tue, 02 Apr 2013 11:34:06 GMT Have seen this advertised on London buses in much the same way as that Hotel Room scheme was a few years ago... If the business model is so good... Have seen this advertised on London buses in much the same way as that Hotel Room scheme was a few years ago...

If the business model is so good why are they not borrowing from the Banks to invest and keep all the profit for themselves?

Am I alone in thinking this has scam written all over it?



Peer To Peer Investment | Low Risk High Returns Investment | Halal Investment | Buy 2 Let Cars ]]> Economics geezer466 http://www.arrse.co.uk/economics/196906-buy-let-cars.html (Nobodies gonna cry for you) Argentina http://www.arrse.co.uk/economics/196868-nobodies-gonna-cry-you-argentina.html Mon, 01 Apr 2013 08:44:55 GMT Argentina In a...]]> Argentina

In a statement guaranteed to win friends and influence in the US:
"Argentina’s top leaders have vowed never to pay the hedge funds, which it calls “vulture” investors, that hold the debt."

More here:
Argentina One-Sixth Bond Offer Seen as

This could get interesting (unless you are an Argentinian), as the wriggle options finally run out. ]]> Economics Alsacien http://www.arrse.co.uk/economics/196868-nobodies-gonna-cry-you-argentina.html Full Cirlce on the PPI Scandal and Pers Injury Front http://www.arrse.co.uk/economics/195960-full-cirlce-ppi-scandal-pers-injury-front.html Wed, 13 Mar 2013 09:03:12 GMT 250 jobs go as Lawyers2you becomes latest PI...]]> 250 jobs go as Lawyers2you becomes latest PI casualty | The Law Gazette

According to some noise in another forum this is the tip of the iceburg as Government legal aid cuts are beginning to bite..

A pleasing story. There were only ever so many back-dated "whiplash" injuries people could (lie) claim for......

Oh well, at least these guys will be remembered- there legacy lives on in inflated insurance premiums.

No great loss is it What benefit do these professions bring to the economy? ]]> Economics geezer466 http://www.arrse.co.uk/economics/195960-full-cirlce-ppi-scandal-pers-injury-front.html Weak Pound http://www.arrse.co.uk/economics/195915-weak-pound.html Tue, 12 Mar 2013 14:05:39 GMT Can one of our resident financial experts explain, (in very,very simple terms why the Pound is collapsing against just about every other currency in... Can one of our resident financial experts explain, (in very,very simple terms why the Pound is collapsing against just about every other currency in the world.Yet the LSE is forging ahead? ]]> Economics Detmold_Drunk http://www.arrse.co.uk/economics/195915-weak-pound.html RBS and Nat West Systems Crash Again!! http://www.arrse.co.uk/economics/195643-rbs-nat-west-systems-crash-again.html Thu, 07 Mar 2013 09:31:37 GMT BBC News - RBS sorry for disruption to services You lose control of your...]]> BBC News - RBS sorry for disruption to services

You lose control of your supply chain, you get horse meat. Same is true for IT .... ]]> Economics geezer466 http://www.arrse.co.uk/economics/195643-rbs-nat-west-systems-crash-again.html George Osborne rebuffed http://www.arrse.co.uk/economics/195600-george-osborne-rebuffed.html Wed, 06 Mar 2013 14:44:02 GMT Apparently George, went cap in hand to the EU yesterday, to seek support for removing the cap on bankers bonuses. As a result of his personal... Apparently George, went cap in hand to the EU yesterday, to seek support for removing the cap on bankers bonuses. As a result of his personal intervention, he managed to convince nobody, that there was a case for his proposals.

So the questions of the day considering that the EU proposals only effect approx 5,000 out of over 235,000 staff employed by banks. Those who trade and take risks with other people's money. Is,
1. Has George lost the plot, considering the actual few numbers affected, and that he has far more important things to deal with, such as our headlong rush into a near certainty triple bounce recession, and
2. Is this yet another example of the foolhardness of a posh boy who dosnt understand that milk comes in cartons these days rather than bottles? ]]> Economics Robbeaus http://www.arrse.co.uk/economics/195600-george-osborne-rebuffed.html RBS posts £5.2bn loss..... http://www.arrse.co.uk/economics/195299-rbs-posts-%A35-2bn-loss.html Thu, 28 Feb 2013 08:50:17 GMT Treble champers all round........All is well in the City....

RBS posts £5.2bn loss in 'chastening year' - Telegraph

Quote:
The Royal Bank of Scotland has reported a fifth consecutive pre-tax loss of £5.2bn in 2012, but stripping out mis-selling and accounting charges the bank's underlying business has improved.
Quote:
State-run Royal Bank of Scotland is to pay as much as 250 million pounds in bonuses to employees at an investment banking division heavily implicated in the Libor-rigging scandal, the Financial Times reported on its website on Monday.
State-run RBS to pay up to 250 million pounds in bonuses - FT | Reuters

Seems the UK press except the FT was strangely silent on the last story had to go to reuters for the link.

So they fiddled LIBOR... As did other banks but where the fines equate to pretty much half the bonus pool and no actual jail time for those involved where is the dis-incentive?

Or is it the Banks see fiddling and illegal behaviour as justifiable in the pursuit of profit (and bonuses). ]]> Economics geezer466 http://www.arrse.co.uk/economics/195299-rbs-posts-%A35-2bn-loss.html Gordon Brown Finally Speaks the Truth.. http://www.arrse.co.uk/economics/195220-gordon-brown-finally-speaks-truth.html Tue, 26 Feb 2013 16:52:08 GMT Well the Subtitles do anyway.... http://youtu.be/y2qKKzi59r8 Well the Subtitles do anyway....

]]> Economics geezer466 http://www.arrse.co.uk/economics/195220-gordon-brown-finally-speaks-truth.html