On the face of it the capital access window rules are a step into the light BUTOnly if the insider list is laid before the regulator along with a list of trades from the registrar say a week before the suspension and any names on both lists are asked to account for that.Chuck in a few quick 7 stretches 'pour encourager les autres' and you could clean up pre-placing shenanigans in a heartbeat.Will it happen?Like you, I have my doubts.
Excellent letter Tom - if that doesn't chivvy him up nothing will. And for the record, Bloomberg is crap compared to CNBC in my view. If they can't offer an entertaining watchable business show that shows you how second grade they are.
The Grandparents big blunder was not buying a house in Eaton Square for eight grand in 1948. They could have afforded it (just). That house today must be £15m & folks like my grandparents could not afford it in their wildest dreams
I am a fully paid up capitalist, I don't begrudge your wealth and you have probably done slightly better than me on that score but as Ronnie Corbett said in 1966 'I know my place' . In my case with the benefit of hindsight I put my financial situation today as an old codger in my 70s entirely down to the luck of the draw gambling on the stock market not hard work, which in my experience does not produce anything like the same results. If your grandparents sold 'Ightam' in 1935 and today its worth 12 million pounds well thats not your fault, they blundered, we all blunder sometimes, I don't hold anything against my ancestors for getting evicted in the 1920s but my personal reference point is from when I started earning in the 1960s to today and I am certainly richer by any measure including the relative amounts of gold I could buy. I do not accept GDP per capita being more material. UK is still at no 5 position wrt to GDP, UK is not impoverished, India will obviously soon overtake us, Russia is buggered and will slip down from no 8 and the comparisons adjusting per capita GDP for ppp supposedly showing it in a better light are also ridiculous. I spend a fair amount of time out of the UK in various countries, in ROI were GDP per capita is no 4 compared to our own position at no 20 and of course this is total bollocks as you well know, food costs less than UK, you can live there for less , if only the illegal migrants trying to get from ROI to England had any idea of the bennies they could scam in Eire they would stay put.
Really? My grandparents were not fabulously wealthy but had servants ( a cook, a nanny, a main and 2 gardners), how many folks have servants today?My parents really were not rich but we wanted for nothing growing up. Yes the price of many goods has gone down but the price of hard assets has not. Try asking my grown up kids about getting on the housing ladder?
You may not be able to buy more gold but so what? There is nothing magical about gold. You can't eat it, you can't drink it or ride it. What you can do is labour for a day and buy many more goods and services than your peers could in 1900 or 1975 for the same day's labour. I would recommend Matt Ridley's book, The Rational Optimist, which spells this out clearly with far more data than Mr Frisby's little charts.
Do you think the average 20 year old living in the UK today has a better quality of life than his or her peer did in 1900? Obviously yes. And this applies to 40 year olds, 60 year olds and 80 year olds.
There has been a huge transfer of wealth to older people thanks to low interest rates and the triple lock.However younger people’s habits are quite different .They will tend to buy a car on pcp ( renting) whereas I would always buy.Older People were used to saving and buying .Younger people tend to debt finance purchases.Finally younger people travel the world at an early age so I’m not sure financial comparisons alone are equitable.
My apologies and my mistake. With all the names flying around with this and something else I am following I got mixed up, yes it was Seth Freedman and not PM who harassed those women.
