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beefybake

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Everything posted by beefybake

  1. It's the warmer weather.., causing spontaneous combustion.
  2. That's rather like going to the doctor to ask what to do about your halitosis, and being told to eat cat shit. It won't cure the halitosis, but it might mask the smell a bit.
  3. Which does raise the question of how often does a dead cat bounce ? When it has lots of hot air in it, probably many times.
  4. He's a businessman, he wants to play both sides. He's the power and money behind the ruling Georgian Dream party. There's been various changes to the constitution, to remove the popular vote. That and other '.. backsliding on democracy...' matters is also whats causing the EU to fend off Georgia over membership. A primary part of what the EU is about is to promote , and develop, democracy. No one expects East European states that want to join the EU to be perfect at all. But if they're obviously going backwards......
  5. Drivel. What Russia, plus separatist region, did in 2008, created the pattern for 2014. Now, same again, and direct assault on the whole of Ukraine. What a stupid argument, and how willfully ignorant of history you are.
  6. It was either that, or be over-run. Georgia caved in when total defeat was staring them in the face. Nowadays the place is, in effect, being run by a pro-Russian oligarch, Bidzina Ivanishvili. The 2008 president of Georgia was forced into exile, and was arrested on his attempt to return. He remains in detention. The latest news on Georgia's application to join the EU is very bad, due to the country's backsliding on democracy. Not quite the picture you're attempting to create.
  7. Meanwhile, away from your La La Land...... As of last night... https://www.theguardian.com/business/2022/jun/17/asia-markets-plunge-again-as-flurry-of-interest-rate-hikes-fuels-recession-fears "...The cryptocurrency rout also shows no sign of abating with bitcoin down 7.8% and ethereum 8.45% worse off. In addition, the Financial Times reported that the Singapore-based crypto hedge fund Three Arrows Capital – which has $10bn under management – failed to meet margin calls this week amid the slide in crypto values.".
  8. For the last 10 years there has been lots of easy money around, interest rates reducing to just about zero, and with that money looking for somewhere to go. Lots have gone in to equity markets, and also into cryptocurrencies. High inflation is here, interest rates are increasing, money supply is tightening. These are the circumstances which, I think , Warren Buffett was referring to when he said something like..... 'When the tide goes out, you see who's wearing no clothes..." Stock markets have been heading south since last October, as now have cryptocurrencies. The difference is that away from the stockmarkets, the companies who comprise the stockmarkets, are still there making stuff, selling stuff, offering services to you and I, working to maintain and increase profits. And, usually, prices. For want of a better phrase, the companies themselves are inflation. Behind cryptocurrencies, there is nothing other than faith, belief, hype... whatever you wish to call it. ( as has been said multiplie times on this thread ).
  9. I seem to recall that Heath's views on her were similar. By all accounts, he'd almost turn purple at mention of her name.
  10. Indeed. Crypto in Freefall... https://www.morningstar.co.uk/uk/news/224160/crypto-in-freefall-as-platforms-halt-withdrawals.aspx Samaritans : tel 116 123
  11. Thank you, I remember that investigation. As I recall, not a single other paper, or broadcast media chose to pick up that story, or run it. The so-called royals are the relics of the days of the robber barons. The finery, titles, patronages just put a gloss on it. They should all be swept away.
  12. Well, I do remember the coverage of the Vietnam war. Photo journalism was everywhere, on the ground, in the gunships.., everywhere. The journalists and reporters were given huge access at the sharp end. At all times they were reporting and writing for their employers, or independently. All this open access had huge political repercussions when the US public could see what was happening. The aftermath was that the politicians and military resolved that, in future, they would control the access, and hence, the narrative of what the public could see. What you refer to as 'embedding' is something that came about after Vietnam. Highly controlled, with footage often reviewed by the military before it reaches public broacast.
  13. Most half way developed countries could 'get by' on a pick and mix of essential goods. For a while.., till the general populace looks around at their experience of their current circumstances and reflect on all the consumer goods etc, that have disappeared. And they look for who's to blame. Economic success is what has stopped much in the way of revolt, or resistance towards the rulers of China.
  14. ".... you know, my bollocks are really itchy.., and I've got these weird spots..."
  15. As I recall, from round about just before the invasion, or shortly after, there was an interview with a mayor, I think, of one of the Donbas cities. He estimated that about 30% of the population in that area were pro-Russian. Not sure that reducing Mariupol to rubble, and slaughtering civilians is likely to have increased that percentage.
  16. Rather a lot of those companies have little or no renewable energy generating capacity of their own, nor any contracts with actual renewable energy generating companies. And yet they advertise their electricity as 100% renewable. They can do this because they buy REGO's, which are basically carbon-offset certificates, aka greenwash. REGOs cost the companies about £2 or £3 per household supplied. A while back I downloaded the company accounts/annual report for Octopus Energy, one of the most vocal in it's marketing of '100%renewable energy'. Buried down in the report is a section titled... Business Risks. The primary business risk was stated to be if the price of REGO's increased from their current paltry level of £2 or £3 per household supplied. There only are 2 or 3 suppliers that don't buy these REGO certificates, all the rest buy them to varying degrees.
  17. Only in your own mind. This, if you but knew it, fairly describes you and your underlying attitudes.... ".....Taking liquidity from retail is the entire point of ALL markets. ALL markets are speculative. ...." You're a trader, seemingly technically proficient, but pretty much just a trader nevertheless. No real wider view of life, no matter that you sort of know the words about investing, and certainly not what it represents. The traders I've seen, who've been at it a while, and financially successfully , all seem to have something missing as people.
  18. Ideally no. However, not for nothing was Robespierre's role in the French Revolution called 'The Terror'...., whereby all avenues for the accused to defend themselves were removed. He himself was executed because , in the end, he scared everyone, and had lost the support of the public.
  19. Coming soon, on Kindle, and a bookshop near you..... 'Robespierre - A Man Misunderstood' by V I Kington
  20. The difference being.... that day in day out loads of people buy stuff that they need from Tesco, the company makes big profits, and Netflix has zillions of paying subscribers for the service they provide. All that's happened is that Netflix have got complacent..., their rate of increase in subscribers has plateaued, and they're going to have to review some aspects of their subscribing/charging structures. Crypto..... ??? Duh. Nil, nothing, zilch.
  21. I'm not a "Trader", I'm a "Risk Manager". Your words, make up your mind, and yes I have learned to read. By the way, I was a software engineer too, in a previous life. You don't need to be a software engineer, or any other kind of engineer, to learn how to do trading, and put it into practice. As it happens, my interest in cryptocurrencies is almost zero, similar to V'ton, but from a slightly different viewpoint. I invest in a particular direction because I prefer to feel that in doing so, I'm contributing to making a better world through soundly run companies that make things or provide a service. Crypto is not a productive asset in that way, ... the only reason to own it is to sell it to someone else at a higher price. As in, it's socially useless.
  22. You're playing with words here. You're a trader. What you're trying to convey is that you're not a 'day trader', sitting at home with their laptop, congratulating yourself on coming out on top, and having made £10 that day, and completely 'forgetting' about the £xxx amount they've lost on many other days. Professional trading is all about the management of risk. So fair enough, that's what you're doing, but you're still a trader. Suggest you just be honest about it, rather than trying to cover yourself in some veneer of 'sophistication'.
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