You are not a f*cking DJ. You’re an overpaid, untalented, cake-throwing c*nt.

rcaz

Clanket wrote: »

That's hilarious.

Some of his quotes are priceless:-

"Cut off your arms, that'll make you the best soccer player in the world",

"Barack Osama Homo Bin Laden wants to bring socialism to the US",

"It's really just as simple as that. Play soccer, go to hell.".

You missed the best one!

"He wants the entire populace not to be able to use their arms." :pac:

Android 666

Fecking Hell, now Dana is looking to run:

http://www.highlandradio.com/2011/08/03/dana-set-enter-race-president/

francois

Android 666 wrote: »

Fecking Hell, now Dana is looking to run:

http://www.highlandradio.com/2011/08/03/dana-set-enter-race-president/

Good, be great to see her beaten twice

ianuss

Hmmm......innocent coincidence or plagarism?

http://www.davidmcwilliams.ie/2011/08/03/after-this-crisis-nothing-will-be-the-same-again

Which followed shortly after this http://www.taxresearch.org.uk/Blog/2011/07/20/is-this-what-july-1914-felt-like/

Clanket

Link to this site in the comments of the Tax Research UK site linked above.

http://www.ukpreppers.com/

I think some people are really expecting the worst with this financial crisis.

"Get in a stock of pasta, cooking oil, tinned food and something to heat it on" - Words of the author in the comments section.

As much as I do get nervous when crisis like this come around, scaremongering like that will only cause a major incident. The whole economic system is built upon confidence. If everyone loses it, we're rightly fooked.

ianuss

Clanket wrote: »

Link to this site in the comments of the Tax Research UK site linked above.

http://www.ukpreppers.com/

I think some people are really expecting the worst with this financial crisis.

"Get in a stock of pasta, cooking oil, tinned food and something to heat it on" - Words of the author in the comments section.

As much as I do get nervous when crisis like this come around, scaremongering like that will only cause a major incident. The whole economic system is built upon confidence. If everyone loses it, we're rightly fooked.

That's absolute horsesh1t. Markets are driven by fundamentals, for the most part. You can't talk yourself into, or out of a recession.

Clanket

How then do you explain a run on the banks?

ianuss

People/corporations look to take to take their money out of banks because of genuine fears about safety for their cash, not because they're panicked. The panic is a result of actual weaknesses, not just sentiment. In the case of Greece, people are taking their cash out because there's a very real and serious possibility of the country going into official default.

I'm not an economist, and I've never studied it so I'm open to correction. But I do try and follow things. And my understanding is that while there are links between psychology and markets, ie, historically speaking, Fridays being stronger days for markets, January being slow etc. However, these links are only minor correlations and don't really drive the markets.

Bond yields and rates are dictated by uncertainty, but that uncertainty is whether you are likely to get your money back or not. It's not because there's lots of chatter about doom and gloom. It's because the countries in question are financially phucked and might not have the capacity to repay.

Clanket

I'd have to disagree with you Ianuss. I'm no economist myself, but I've always felt confidence is one of the biggest factors in driving economic growth. This would include consumer confidence, CEO confidence, confidence in the banks, bond market confidence etc etc. When an economy has confidence it spurs growth.

When the confidence is lost, for whatever reason, it stops growing and contracts. Consumers stop spending, companies stop hiring and start letting people go and the knock on effect results in everyone tightening their belt, whether they have money to spend or not. It's a complete domino effect.

A run on a bank is always going to cause trouble because of the fundamentals of banking - They lend a high proportion of their deposits. And a run always happens because people lose confidence that their money is safe. Whether this fear be grounded in reality or not. You say the Greeks are taking out their cash "because there's a very real and serious possibility". But it's only a possibility. I don't know what way this is going to pan out, but so far Europe does not seem willing to let the Euro collapse. So they are doing everything in their power to stop a country defaulting. If they've already bailed out Greece twice, what's to say they wont continue assisting? The more fear (or lack of confidence), the more chance there is going to be a collapse.

Yes I agree bond rates will increase because of the risk of default. But again, this is because those issuing the bonds have lost confidence and demand a risk premium. It's not because the country is completely screwed. If it was, then nobody would lend them money. Yet they still do, but with an increased risk premium.

jtsuited

could be running into a chicken and egg situation there lads.

ianuss

Clanket wrote: »

I'd have to disagree with you Ianuss. I'm no economist myself, but I've always felt confidence is one of the biggest factors in driving economic growth. This would include consumer confidence, CEO confidence, confidence in the banks, bond market confidence etc etc. When an economy has confidence it spurs growth.

When the confidence is lost, for whatever reason, it stops growing and contracts. Consumers stop spending, companies stop hiring and start letting people go and the knock on effect results in everyone tightening their belt, whether they have money to spend or not. It's a complete domino effect.

A run on a bank is always going to cause trouble because of the fundamentals of banking - They lend a high proportion of their deposits. And a run always happens because people lose confidence that their money is safe. Whether this fear be grounded in reality or not. You say the Greeks are taking out their cash "because there's a very real and serious possibility". But it's only a possibility. I don't know what way this is going to pan out, but so far Europe does not seem willing to let the Euro collapse. So they are doing everything in their power to stop a country defaulting. If they've already bailed out Greece twice, what's to say they wont continue assisting? The more fear (or lack of confidence), the more chance there is going to be a collapse.

Yes I agree bond rates will increase because of the risk of default. But again, this is because those issuing the bonds have lost confidence and demand a risk premium. It's not because the country is completely screwed. If it was, then nobody would lend them money. Yet they still do, but with an increased risk premium.

I don't know how to do to the multi-quote thing so I'll just highlight some points.

With regards to confidence, it can't spur growth. Not on it's own, no way. Confidence may be a corollary of growth but it's not going to lead to economic growth on its own. You can't have growth without tangibles like low interest rates, capital investment, jobs initiatives, tax breaks etc.


And it's not a possibility that Greece will default, Greece is in de facto default as it stands. That was realised when the bondholders took a 21% loss on their Greek bonds as part of the recent EU/EFSF restucturing deal that led to Ireland getting a rate reduction.

It's the Germans and French that are pushing so hard to prop up Greece as they're the ones holding so much Greek debt. A Greek default will lead to huge balance sheet reductions of German and French banks, leaving many insolvent. Fear has nothing to do with the Greek situation. It's reality. Everyone knows it. No amount of confidence is going to help. None. All the money being pumped in to try and boost confidence has failed miserably. The markets are guided by reason and logic. They realise that situation is so dire and hence the bond yields being so high. It's the same in the US with quantative easing and QE2. It didn't work. Because it doesn't solve any of the flaws in the sytem. Throwing money at it in the hope of it fixing things is retarded.

Clanket

Think you're right JT. Ask 50 economists a question and you'll get 50 different answers.

Never mind amateur economists

ianuss

Clanket wrote: »

Think you're right JT. Ask 50 economists a question and you'll get 50 different answers.

Never mind amateur economists

Indeed.

BaZmO*

Anybody ever had kidney stones?

ianuss

BaZmO* wrote: »

Anybody ever had kidney stones?

No, but after watching Deadliest Catch recently it looks absolutely horrendous.

BaZmO*

ianuss wrote: »

No, but after watching Deadliest Catch recently it looks absolutely horrendous.

It is! Had the removed on Tuesday, just home yesterday. Wouldn't wish them on my worst enemy.

Android 666

BaZmO* wrote: »

It is! Had the removed on Tuesday, just home yesterday. Wouldn't wish them on my worst enemy.

Did they put them in a little jar for you to keep?

cranky bollix

BaZmO* wrote: »

It is! Had the removed on Tuesday, just home yesterday. Wouldn't wish them on my worst enemy.

i dont really know what they are, but im getting uncomfortable around the kidney area reading this

BaZmO*

cranky bollix wrote: »

i dont really know what they are, but im getting uncomfortable around the kidney area reading this

Put it this way, if you did happen to have them, your username would seem ridiculously apt. in more ways than you'd care to know.

On the plus side; lots of time off work to watch tv. I'm in the middle of a Boardwalk Empire marathon. Excellent show.

BaZmO*

Android 666 wrote: »

Did they put them in a little jar for you to keep?

No, they blasted them with a laser.

Zascar

Fair play baz, sorry to hear you had to go through it... I know one guy who had it and he said if he was told he was going to have it again, he'd rather die! Ouch!

What causes them, and what can you do to make sure you don't get them?

Zascar

Fair play baz, sorry to hear you had to go through it... I know one guy who had it and he said if he was told he was going to have it again, he'd rather die! Ouch!

What causes them, and what can you do to make sure you don't get them?

ianuss

https://www.youtube.com/watch?v=jbTI7eWaQbk

BaZmO*

Cheers Colly.

Your friends not wrong though. During the worst of the pain I was thinking the same thing.

A quick description here...

A kidney stone is a hard mass developed from crystals that separate from the urine within the urinary tract. Normally, urine contains chemicals that prevent or inhibit the crystals from forming. These inhibitors do not seem to work for everyone, however, so some people form stones. If the crystals remain tiny enough, they will travel through the urinary tract and pass out of the body in the urine without being noticed.

Kidney stones may contain various combinations of chemicals. The most common type of stone contains calcium in combination with either oxalate or phosphate. These chemicals are part of a person's normal diet and make up important parts of the body, such as bones and muscles.

A less common type of stone is caused by infection in the urinary tract. This type of stone is called a struvite or infection stone. Another type of stone, uric acid stones, are a bit less common, and cystine stones are rare.

From reading up on it, Doctors don't seem to know what exactly causes them but certain foods can be a contributory factor. They're more prevalent in the western males so there's believed to be a link with eating a high protein diet. Personally I think mine were helped along the way by the fact that I don't drink enough water on a daily basis.

A balanced diet and drinking plenty of water helps to prevent them. But because I've had them before (not nearly as bad as this time) I'll most likely get them again.

Clanket

I feel for you Bazmo. Harsh that you could get them again.

Enjoy the rest and relaxation. Get yourself into Entourage after Boardwalk Empire if you haven't seen it already.

ianuss

https://www.youtube.com/watch?v=XXrdlr27MkE

BaZmO*

Anybody been watching The Code on BBC2? Fascinating stuff.

Basically it's about how the universe is governed by an intrinsic mathematical code.

It's on Wednesdays at 9pm on BBC2. Think it's a six parter, and they've shown 2 episodes so far. Well worth checking out. First episode has a bit on the structure of music which is quite interesting.

Zascar

Cool I'll deffo be watching that, looks really good. Tried to get it on bbc iplayer but for some reason I can't see it despite work having a uk proxy.

I watched a few very good docos on this type of thing a hile back, one excellent one was called "What we still don't know about the Cosmos". See what you think of this clip..

https://www.youtube.com/watch?v=i4T2Ulv48nw

Zascar

Mr Bean crashes his Mclaren F1!!! http://www.metro.co.uk/news/871480-rowan-atkinson-stable-after-crash-as-pics-of-smashed-mclaren-f1-emerge

Android 666

Zascar wrote: »

Mr Bean crashes his Mclaref F1!!! http://www.metro.co.uk/news/871480-rowan-atkinson-stable-after-crash-as-pics-of-smashed-mclaren-f1-emerge

I read somewhere that the paramedics said his face was horribly disfigured but that he only hurt his shoulder in the crash...