The big inflexion point is somewhere in the transition point from oil to gas & non-oil electricity.I work in a fuel consuming sector where no-one knows what will happen at any stage beyond 3 months. Of course there is money to be made but a hell of a lot more people will.lose money trying to guess the winning post. A neighbour is working on oil installations in oz, home every 3 months. He says new investment in the industry has stopped due to the suadis but they expect it will blow up thwre in 5 years and even the yanks won’t keep a lid on it. Fracking, oil sands and gulf gas are future proofing.
Hold tight. I’ll send a Facebook message to my cousin who’s a big noise in Deutsche Bank asking about this.
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Fracking has more or less been under cut from what I’ve read which is no harm either as it destroys the environment.
A replacement for oil is always rumored to be on the way, but the Saudi’s are already trying to hedge their bets with a 2 trillion dollar hedge fund.
http://www.bloomberg.com/view/articles/2016-06-09/how-saudi-arabia-should-manage-its-2-trillion-fund
If Trump somehow gets elected in the US it should be a major warning to the ruling class that the party is over and the plight of working Americans can no longer be ignored, but what are the odds of them hearing it? Most likely they will continue down the current path calling people bankrupted by cancer treatment irresponsible.
Yet the people who most go on about the “plight of working Americans” tend to be the ones who are most anti-workers rights.
The plight of working people has been over since capitalism was invented pal.
Trump, Clinton, the Dalai Lama whoever is elected it doesn’t matter a fuck.
We are going back to the era of landlords and tenants/surfs, in another 20/30 years it’ll be even worse imo.
What the fuck happened in that farm up in Monaghan?? Cattle wiped out by the army due to bankruptcy? And they are claiming they had TB?? what a load of shite - the army being used to collect debt?? Have I missed something?
Question for the fx whizz kids;
Is sterling going to fall even further? What’s likely to happen sterling in the next 3 months?
My reading of it is that the farmer is being very liberal with the truth. No idea why the army were there though
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There are fellas getting paid millions a year to trade FX that couldn’t answer that question mate.
Trend is for continued weakening , BOE to meet next week and may (looks likely) cut rates which would pile the pressure onto them. To what extent that is already priced in is anyones guess. If they didn’t cut or cut more than expected/announced some further measures then it could move strongly either way.
http://www.cityam.com/244982/-per-cent-chance-interest-rate-cut
Reports that there had previous issues with intimidation etc when officials went to seize other items at the farm. Still don’t know how a private bank goes about hiring army snipers though.
I suspect it will fall a bit more but in three months may be back about here. It was at parity with the euro six or seven years ago and the roof didn’t fall in. Historically it is weak at present so not a bad time at all to buy if you take a long view. I closed off my land deal at 73p to the euro, slightly vexed as it had been 69 p earlier. A lot of sentiment here that it has always been overvalued. A lot of manufacturers are happy. What theresa may says will have a big effect if as expected she gets in.
Short term imo sterling won’t stabilize until there is political stability. Electing a leader is a start but the new PM has to outline a credible Brexit plan. I would actually be more worried about the Euro and the Euro region longer term. The U.K. contributes about E15B to the EU budget and only gets about a third of that back. So that’s one of the big contributors gone, before you start talking about the precarious state of the banks.
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It’s mental, like something you’d see in Merica.
A credible brexit plan. Or not. Time will tell.
They get a rebate on their contribution which is deducted before its ever sent.
They are net contributors of circa 6bn when rebate and benefits taken into account.
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The guy who runs the bankruptcy office is an officer of the courts so I assume he ha the use of the states services if required. V odd alright. On matt Cooper they were saying the cattle were running all over the roads locally and were not being cared for
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Bankruptcy nothing to do with a bank apart from them maybe petitioning for it.
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They said on the news the cattle were being released from the fields at night and the locks cut on gates etc
Yeah join the dots id say
The official assignee has a legal responsibility to all creditors. So he could in theory be sued by creditors if he hadn’t done everything possible to obtain and sell assets to generate a dividend. It’s a nasty job at the best of times