TFK Capitalist Thread

This summer, coming to a Eurozone near you it’s “Greek Crisis V. Paying back is a bitch”

Looks like the annual Greek crisis is well on track.

Based on interviews with a corner shop owner and a taxi driver :grinning:

And in the guardian. :grin:

Greeks are going to have to start paying taxes now. They will not be happy.

Capitalist pigs making them pay tax.
The interviewer should have asked both them chaps how much tax they paid in the preceding 10 years.

Anyone here ever stick a few quid into the Irish peer to peer lending provider Linked Finance?

I see LendingClub, one of the most prominent peer to peer lenders in the US is tanking at the moment and the CEO has resigned over improper amendments to loan documentation and failure to disclose a conflict of interest. Would be a real shame if the industry was damaged, I think it’s a great idea. There’s some fascinating things happening in ‘Fintech’ at the moment.

No. Tis all buried in a bog in West Galway.

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Are you positioning yourself as the Fintech Industry expert in your organisation?

Sadly I have neither the charisma nor the intelligence to play such a role.

Neither are required.

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It’s a very good idea the problem is trust. You’d want to be getting proper legals etc. Very hassle some if only for a small amount

And the requirement to file a tax return for your investment income would put me right off for the sake of a few hundred quid maybe

There’s money in Turf.

That’s great Ted.

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Bag it as Organic Smokeless Turf , shur who can ask for a refund when it’s burnt.

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Lovely. :+1:t4::grinning:

Free range organic turf.

You could tie in with yer man glamping up in Enniscrone. Stay in a plane at night, foot a bit of turf by day. Go ultimate hipster.

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Nobody, including economists, knows when a recession starts as all economic data is backward looking. The data is mixed, but a recession is on the horizon and overdue. What I will call is the next leg down in the bear market that started last August. Continued choppiness in the short term, drifting lower, and the S&P at 1600 (down 20%) by late Summer.

Recession only affects the masses though mate.

Capitalism is completely rigged. Economists are spoofers for the most part.