Howdy, Stranger!

It looks like you're new here. Sign in or register to get started.

With everything going so well for BoJo could he be tempted to go for an early election? – politicalb

SystemSystem Posts: 12,162
edited May 2021 in General
imageWith everything going so well for BoJo could he be tempted to go for an early election? – politicalbetting.com

As can be seen from the betdata.io betting chart there has been something of a move to an earlier election. This is due to take place in 2024 at the latest and it could just be that Johnson might at any time cash in his popularity and go to the country earlier.

Read the full story here

«134567

Comments

  • rcs1000rcs1000 Posts: 57,153
    No.
  • Scott_xPScott_xP Posts: 35,990
  • Scott_xPScott_xP Posts: 35,990
    They were fucking warned...

    Frost says the "fundamental problem" for the UK is the way the NI protocol if "undermining the Good Friday Agreement rather than supporting it".
    "That wasn't what the protocol was meant to do. And if it is doing it, then it isn't working right"

    https://twitter.com/lisaocarroll/status/1394292308196081670
  • MaxPBMaxPB Posts: 38,802
    This seems extremely unlikely.
  • tlg86tlg86 Posts: 26,175
    Define early? It's tricky, because in the good old days you had five years but you used to go after four if it looked like you'd win again. As I understand Boris has 4.5 years, so really the normal time would be 3.5 years (assuming he wants a Spring election). But then someone said the other day the Tories need to wait until July 2023 to get the boundary changes through, so it's not straightforward.

    But he won't be calling an election before 2023.
  • MikeSmithsonMikeSmithson Posts: 7,382
    tlg86 said:

    Define early? It's tricky, because in the good old days you had five years but you used to go after four if it looked like you'd win again. As I understand Boris has 4.5 years, so really the normal time would be 3.5 years (assuming he wants a Spring election). But then someone said the other day the Tories need to wait until July 2023 to get the boundary changes through, so it's not straightforward.

    But he won't be calling an election before 2023.

    I don't think thsat is right. The latest a general election can take place is May 2024.
  • contrariancontrarian Posts: 5,818
    edited May 2021
    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.
  • tlg86tlg86 Posts: 26,175

    tlg86 said:

    Define early? It's tricky, because in the good old days you had five years but you used to go after four if it looked like you'd win again. As I understand Boris has 4.5 years, so really the normal time would be 3.5 years (assuming he wants a Spring election). But then someone said the other day the Tories need to wait until July 2023 to get the boundary changes through, so it's not straightforward.

    But he won't be calling an election before 2023.

    I don't think thsat is right. The latest a general election can take place is May 2024.
    Yes, so 4.5 years after Dec 2019.
  • TimTTimT Posts: 6,468
    FPT
    Cyclefree said: "It's curious how most focus is on the anti-Semitic nature of this abuse but not so much on the anti-women nature. It's almost as if it's taken as a given that extremists and haters would naturally threaten sexual violence against a minority group's women when wanting to do them harm.

    "Christina Lamb has written very movingly about this in her book "Our Bodies, Their Battlefields". It is a very necessary but horrific read."

    "This doesn't just raise questions about people's attitudes to Jews but about their attitude to women as well."

    TimT responded:
    Indeed, it is a depressing feature of many non-traditional wars. Such wars tend to be more personal and hence more vicious. We've seen the weaponization of rape in the break up of Yugoslavia, in ISIS' reign in Kirkuk, in Boko Haram, by the Burmese military against the Rohingya, the Chinese against the Uighurs, and now by Ethiopians and Eritreans in Tigre. Alas, it does not seem confined to one culture or one religion.
  • JBriskin3JBriskin3 Posts: 1,254
    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.
  • Pro_RataPro_Rata Posts: 5,288
    Yes, pre-FTPA, 2023 would have been considered the 'normal' election date for a government in the lead as evidenced by the sequences 79/83/87 and 97/01/05. So, post-FTPA would 3yrs 8months (say) actually even be thought of as an 'early' election.
  • DecrepiterJohnLDecrepiterJohnL Posts: 27,892
    Yes, I think Boris will go to the country early if he has a huge lead, or retire to spend more time with his family and anyone who will pay him handsomely for making a speech. I cannot see what is in it for him if he needs to hang on to the last minute because that would imply he risks losing, which is bad for his ego and his price tag.
  • Scott_xPScott_xP Posts: 35,990
    This Frost testimony is a great demonstration of what Brexit boosterism sounds like when not carried by Boris Johnson's exuberant voice and delivered instead by a charisma-free apparatchik.

    Bit short on substance.

    Reminds me a bit of this
    https://www.youtube.com/watch?v=H8dZwXnMrRU

    https://twitter.com/rafaelbehr/status/1394293560128704518
  • MightyAlexMightyAlex Posts: 1,660
    BREAKING: The Supreme Court agrees to take up a major abortion case that will give the court an opportunity to reconsider Roe v. Wade and Planned Parenthood v. Casey. The case involves the constitutionality of Mississippi’s ban on most abortions after 15 weeks of pregnancy.

    https://twitter.com/SCOTUSblog/status/1394284425224114176

  • TazTaz Posts: 14,384
    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    They’re the wrong sort of football fans. If it was Celtic it would be less of an issue with many nationalists.
  • TheuniondivvieTheuniondivvie Posts: 41,956
    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    Perhaps you would be a little..er..unhinged if thousands of drunken, violet bigots had trashed your city centre twice in two months.

    Though I believe you live in Aberdeen, which would invite an obvious if unkind rejoinder.
  • JBriskin3JBriskin3 Posts: 1,254
    Taz said:

    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    They’re the wrong sort of football fans. If it was Celtic it would be less of an issue with many nationalists.
    Yup. The left-wing-nationalists are allergic to the Union flag i.e. the flag of their country. Yet it's all milk and honey if you fly the saltire or the tri-colour
  • SlackbladderSlackbladder Posts: 9,773
    I can't see it. Is there anything which he currently can't do with a 80 seat majorty which he could do with a 100+ plus majority.

    I'm convinced as well that one reason labour did well in 2017 is that the electorate did not look favourably on T May having a snap election for what was seen to be party polictics.
  • rcs1000rcs1000 Posts: 57,153

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
  • TOPPINGTOPPING Posts: 42,957
    edited May 2021

    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    Perhaps you would be a little..er..unhinged if thousands of drunken, violet bigots had trashed your city centre twice in two months.
    Were they all puce with anger?
  • Philip_ThompsonPhilip_Thompson Posts: 65,826
    2023 seems entirely plausible if things are going well and would be consistent with 1983, 1987, 2001 and 2005.
  • JBriskin3JBriskin3 Posts: 1,254

    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    Perhaps you would be a little..er..unhinged if thousands of drunken, violet bigots had trashed your city centre twice in two months.

    Though I believe you live in Aberdeen, which would invite an obvious if unkind rejoinder.
    "Your city centre" ?? If you love Glasgow so much except for the Rangers fans then I think I'll keep to the topic of this conversation: You're Unhinged.
  • Philip_ThompsonPhilip_Thompson Posts: 65,826
    2017 is a poor comparator as it was (a) under a very bad leader who'd never faced a competitive election and (b) was only two years into the term, not four years into the term as 1983, 1987, 2001 and 2005 were and 2023 would be.
  • TheuniondivvieTheuniondivvie Posts: 41,956
    Taz said:

    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    They’re the wrong sort of football fans. If it was Celtic it would be less of an issue with many nationalists.
    After 9 years and a treble treble the Tims seem to have avoided quite such a level of barbarity. They also managed not to murder anyone, so yes, much less of a issue.
  • rottenboroughrottenborough Posts: 62,714
    Mac n’ Chise DNAMicrobePetri dish
    @sailorrooscout
    What a good way to start the week off! A new study out of the New York University Grossman School of Medicine shows the current vaccines WILL remain protective against variants B.1.617 and B.1.618, first identified in India.
  • OmniumOmnium Posts: 10,759
    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
  • AnabobazinaAnabobazina Posts: 23,485

    Leon

    You are getting seriously boring, going on about the weather. We know what the weather is like, we can look outside. There are lots of weather forums if you want to drone on about it. Although I suspect you’d bore their members too.

    Enough already. It’s incredibly dull.

    I love a bit of weather chat. If Mike/RCS/TSE ask me to cease then I will. Not having some other random tell me what to talk about.
    I don't remember telling you to do anything. It's Leon's incessant repetitive STBO that gets my goat, not weather chat per se.

    Crack on.
  • TheuniondivvieTheuniondivvie Posts: 41,956
    TOPPING said:

    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    Perhaps you would be a little..er..unhinged if thousands of drunken, violet bigots had trashed your city centre twice in two months.
    Were they all puce with anger?
    Virtually gammonesque.
  • Northern_AlNorthern_Al Posts: 8,376
    edited May 2021

    I can't see it. Is there anything which he currently can't do with a 80 seat majorty which he could do with a 100+ plus majority.

    I'm convinced as well that one reason labour did well in 2017 is that the electorate did not look favourably on T May having a snap election for what was seen to be party polictics.

    I agree with that. May had a justification for calling an election, even if it was opportunistic at the time: she wanted a decent majority to be able to govern. Johnson has no such justification to go early.
  • HYUFDHYUFD Posts: 122,921
    With a majority of 80 Boris would be an idiot to call a general election before 2024, as May showed in 2017 voters do not like being taken for granted in early elections and with a much bigger majority than she had then he has no need for one either.

    Sunak's reported consideration of an inheritance tax rise is also ripe to be a dementia tax 2 in any such campaign
    https://inews.co.uk/news/sunak-minded-to-hike-inheritance-tax-to-help-pay-uks-covid-bill-1002571
  • tlg86tlg86 Posts: 26,175
    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
  • OldKingColeOldKingCole Posts: 33,424

    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    Perhaps you would be a little..er..unhinged if thousands of drunken, violet bigots had trashed your city centre twice in two months.

    Though I believe you live in Aberdeen, which would invite an obvious if unkind rejoinder.
    violet bigots??????

    Surely Rangers wear blue? Or is this a take on 'roses are red, violets are blue'?
  • MarqueeMarkMarqueeMark Posts: 52,561
    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    He's from Scotland. It happens so rarely...
  • RochdalePioneersRochdalePioneers Posts: 28,900
    Scott_xP said:
    To be fair it's such a massive faff to go to amber list countries (negative test before return, 10 days isolation, 2 private tests during isolation) that its only teh dedicated / mad who will do it.

    Then you have the new 3rd country rules that we asked be applied to people heading to countries like France and Spain.
  • DecrepiterJohnLDecrepiterJohnL Posts: 27,892
    .

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    Another reason to believe Boris will step down. And why is the ONS reporting in dollars?
  • JBriskin3JBriskin3 Posts: 1,254
    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    The crypto crowd have good banter - I'll consider the matter once Groats are taken off the deliberation.
  • turbotubbsturbotubbs Posts: 17,405

    Mac n’ Chise DNAMicrobePetri dish
    @sailorrooscout
    What a good way to start the week off! A new study out of the New York University Grossman School of Medicine shows the current vaccines WILL remain protective against variants B.1.617 and B.1.618, first identified in India.

    But Chris said we were all going die?
  • MarqueeMarkMarqueeMark Posts: 52,561
    Scott_xP said:
    Green country - no much risk of things going s wrong you won't travl.

    Red country - not happening.

    Amber country - well, yes you CAN go - but don't come crying to us if that status changes and you end up stuck in a Covid hell-hole for months.

    Amber is clearly "well, I wouldn't if I were you..."
  • noneoftheabovenoneoftheabove Posts: 22,822
    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    It is often simplified as such but MMT is essentially arguing that inflation rather than deficits is the bad thing that stops a sovereign nation printing money for ever. Of course inflation and deficits are closely linked so often conventional economics and MMT would lead to similar analysis. If we stay in this era of long term ultra low inflation then we shall see if (how long) the US and other countries can stay on MMT running massive deficits.
  • TOPPINGTOPPING Posts: 42,957

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    It is often simplified as such but MMT is essentially arguing that inflation rather than deficits is the bad thing that stops a sovereign nation printing money for ever. Of course inflation and deficits are closely linked so often conventional economics and MMT would lead to similar analysis. If we stay in this era of long term ultra low inflation then we shall see if (how long) the US and other countries can stay on MMT running massive deficits.
    You have to ask what it would take for inflationary pressures to reemerge given the behaviour of central banks over the past X years.
  • AnabobazinaAnabobazina Posts: 23,485
    With evidence rapidly stacking up that the vaccine is efficacious on the India variant, Pagel has seemingly shifted her strategy towards protecting vaccine-refusers. Says it's wrong to separate the population into deserving and undeserving.
  • MarqueeMarkMarqueeMark Posts: 52,561
    745,000 a year are being killed by it. Covid? No - long working hours.

    It's the WHO. Prepare for another lockdown.....

    https://www.bbc.co.uk/news/business-57139434
  • OmniumOmnium Posts: 10,759
    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
  • CyclefreeCyclefree Posts: 25,310
    TimT said:

    FPT
    Cyclefree said: "It's curious how most focus is on the anti-Semitic nature of this abuse but not so much on the anti-women nature. It's almost as if it's taken as a given that extremists and haters would naturally threaten sexual violence against a minority group's women when wanting to do them harm.

    "Christina Lamb has written very movingly about this in her book "Our Bodies, Their Battlefields". It is a very necessary but horrific read."

    "This doesn't just raise questions about people's attitudes to Jews but about their attitude to women as well."

    TimT responded:
    Indeed, it is a depressing feature of many non-traditional wars. Such wars tend to be more personal and hence more vicious. We've seen the weaponization of rape in the break up of Yugoslavia, in ISIS' reign in Kirkuk, in Boko Haram, by the Burmese military against the Rohingya, the Chinese against the Uighurs, and now by Ethiopians and Eritreans in Tigre. Alas, it does not seem confined to one culture or one religion.

    It is a feature of all wars. US and British soldiers at the end of WW2 did not always behave like gentlemen towards the women in the countries they occupied.

    I raise it because it was not so long ago that in the wake of the Sarah Everard case questions were being raised about sexual violence / harassment of women. And here - a few weeks later - we have an example of the threat of sexual violence against women being deliberately used as a threat against one particular community. But the dots are not being joined.

    Whatever the conflict, whatever the issue, women end up being the target. This needs more reflection than it is likely to get.
  • AnabobazinaAnabobazina Posts: 23,485

    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.
  • kinabalukinabalu Posts: 42,134
    Agree with header. 1.7 looks decent value for GE24.
  • ChameleonChameleon Posts: 4,264
    Sooner than June 2023 would be silly - they can't keep on delaying the review
  • RochdalePioneersRochdalePioneers Posts: 28,900

    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    He's from Scotland. It happens so rarely...
    I guarantee you that a Scottish team wins the Premiership every year...
  • MaxPBMaxPB Posts: 38,802


    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.

    So people have no agency of their own and society pays for their poor decisons?

    What kind of stupid argument is that?! Just get the bloody vaccine. It's really not that difficult.
  • JBriskin3JBriskin3 Posts: 1,254
    I'm off to see whether the "pubs" in "Scotland" are "open".

    Here's a reminder of my Acca (?)

    Bourenmouth 8/5
    Swansea City 5/2

    I expect congratulations if I called the play-offs right in the first leg.
  • tlg86tlg86 Posts: 26,175
    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    The way I see it is that they are only worth anything more than the notional value of the drugs et al trade if you think we will get some hyperinflation that makes traditional currencies worthless. But I really don't want to contemplate the possibility that that actually happens.
  • ChameleonChameleon Posts: 4,264
    Scott_xP said:

    This Frost testimony is a great demonstration of what Brexit boosterism sounds like when not carried by Boris Johnson's exuberant voice and delivered instead by a charisma-free apparatchik.

    Bit short on substance.

    Reminds me a bit of this
    https://www.youtube.com/watch?v=H8dZwXnMrRU

    https://twitter.com/rafaelbehr/status/1394293560128704518

    You're PB's own Hiroo Onoda.
  • williamglennwilliamglenn Posts: 51,625
    "Former ECB chief economists warn of eurozone debt trap if inflation comes back
    The central bank may no longer be free to tighten policy if needed, they argue."

    https://www.politico.eu/article/former-ecb-chief-economists-warn-of-eurozone-debt-trap-inflation/
  • rcs1000rcs1000 Posts: 57,153

    Mac n’ Chise DNAMicrobePetri dish
    @sailorrooscout
    What a good way to start the week off! A new study out of the New York University Grossman School of Medicine shows the current vaccines WILL remain protective against variants B.1.617 and B.1.618, first identified in India.

    Everybody except @Chris and @Leon has known this was highly likely for some time.
  • RochdalePioneersRochdalePioneers Posts: 28,900
    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
  • OldKingColeOldKingCole Posts: 33,424
    Cyclefree said:

    TimT said:

    FPT
    Cyclefree said: "It's curious how most focus is on the anti-Semitic nature of this abuse but not so much on the anti-women nature. It's almost as if it's taken as a given that extremists and haters would naturally threaten sexual violence against a minority group's women when wanting to do them harm.

    "Christina Lamb has written very movingly about this in her book "Our Bodies, Their Battlefields". It is a very necessary but horrific read."

    "This doesn't just raise questions about people's attitudes to Jews but about their attitude to women as well."

    TimT responded:
    Indeed, it is a depressing feature of many non-traditional wars. Such wars tend to be more personal and hence more vicious. We've seen the weaponization of rape in the break up of Yugoslavia, in ISIS' reign in Kirkuk, in Boko Haram, by the Burmese military against the Rohingya, the Chinese against the Uighurs, and now by Ethiopians and Eritreans in Tigre. Alas, it does not seem confined to one culture or one religion.

    It is a feature of all wars. US and British soldiers at the end of WW2 did not always behave like gentlemen towards the women in the countries they occupied.

    I raise it because it was not so long ago that in the wake of the Sarah Everard case questions were being raised about sexual violence / harassment of women. And here - a few weeks later - we have an example of the threat of sexual violence against women being deliberately used as a threat against one particular community. But the dots are not being joined.

    Whatever the conflict, whatever the issue, women end up being the target. This needs more reflection than it is likely to get.
    I have been told that the reason why Jews have to have a Jewish mother is that rape was frequent when Cossacks (etc) were carrying out pogroms. It reduced the stigmatism of the resultant children.
  • MattWMattW Posts: 23,148
    I think the memories of the Theresa May Event are too strong.

    Plus the boundary review (and revue).

    So autumn 2023 or spring 2024.
  • kinabalukinabalu Posts: 42,134
    Cyclefree said:

    Christ, no.

    BTW fpt misogyny feels too weak a word for threatening women with rape. When I hear the word "misogyny" I think of someone believing women are too stupid to be doctors or should just be in the kitchen or are not strong enough to be CEO's or whatever.

    Threatening rape is of a whole different order. It is sadism directed at women.

    To me, misogyny is a strong word. Far stronger than sexism or chauvinism. But I see what you mean. If you're routinely using 'misogyny' to describe the belittling of women you need at least the qualifier 'extreme' for threats or acts of rape.
  • RochdalePioneersRochdalePioneers Posts: 28,900
    edited May 2021
    Cyclefree said:

    TimT said:

    FPT
    Cyclefree said: "It's curious how most focus is on the anti-Semitic nature of this abuse but not so much on the anti-women nature. It's almost as if it's taken as a given that extremists and haters would naturally threaten sexual violence against a minority group's women when wanting to do them harm.

    "Christina Lamb has written very movingly about this in her book "Our Bodies, Their Battlefields". It is a very necessary but horrific read."

    "This doesn't just raise questions about people's attitudes to Jews but about their attitude to women as well."

    TimT responded:
    Indeed, it is a depressing feature of many non-traditional wars. Such wars tend to be more personal and hence more vicious. We've seen the weaponization of rape in the break up of Yugoslavia, in ISIS' reign in Kirkuk, in Boko Haram, by the Burmese military against the Rohingya, the Chinese against the Uighurs, and now by Ethiopians and Eritreans in Tigre. Alas, it does not seem confined to one culture or one religion.

    It is a feature of all wars. US and British soldiers at the end of WW2 did not always behave like gentlemen towards the women in the countries they occupied.

    I raise it because it was not so long ago that in the wake of the Sarah Everard case questions were being raised about sexual violence / harassment of women. And here - a few weeks later - we have an example of the threat of sexual violence against women being deliberately used as a threat against one particular community. But the dots are not being joined.

    Whatever the conflict, whatever the issue, women end up being the target. This needs more reflection than it is likely to get.
    Its appalling of course. These "people" shouting from their cars think they are engaged in war against the Jew. That means applying the rules of war which as you point out usually means one side's soldiers raping the shit out of the other side's civilian women because they can.

    Apparently women are just valueless playthings for men - "totty" if you like - who can be treated as being without value by "men". Thank God that in Boris Johnson we have a man who proudly and fiercely upholds the opposite where women are equal to men and get tret with respect at all times.
  • AnabobazinaAnabobazina Posts: 23,485
    Cyclefree said:


    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.

    She is rather missing the point with that "deserving / undeserving" dichotomy.

    The lockdowns were imposed to stop the NHS being overwhelmed and people dying in unacceptably large numbers. Now with the vaccination programme there is no risk of the former or the latter happening, so there is no good reason to continue with lockdowns or continuing restrictions.

    A separate question is whether the unvaxxed should get treatment if they get Covid as a result of their refusal to take the vaccine when offered. My view is yes - medical care should be provided on the basis of medical need not on the basis of whether someone has behaved stupidly or not.

    Whether others will blame the unvaxxed for their stupidity is another matter. If people behave stupidly, they should not complain if others blame them, especially if they put others at risk.
    I completely agree with this analysis Cyclefree. No, we shouldn't slow the roadmap to protect antivaxxers. Yes, antivaxxers should be given full care at no extra cost should they become ill from Covid.
  • contrariancontrarian Posts: 5,818
    edited May 2021
    Cyclefree said:


    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.

    She is rather missing the point with that "deserving / undeserving" dichotomy.

    The lockdowns were imposed to stop the NHS being overwhelmed and people dying in unacceptably large numbers. Now with the vaccination programme there is no risk of the former or the latter happening, so there is no good reason to continue with lockdowns or continuing restrictions.

    A separate question is whether the unvaxxed should get treatment if they get Covid as a result of their refusal to take the vaccine when offered. My view is yes - medical care should be provided on the basis of medical need not on the basis of whether someone has behaved stupidly or not.

    Whether others will blame the unvaxxed for their stupidity is another matter. If people behave stupidly, they should not complain if others blame them, especially if they put others at risk.
    On being frozen out of the NHS for not taking a vaccine, fine, as long as I can take my tax contribution to the service with me.

    Preening moralists like yourself will have to dig a little deeper to fund treatment for the morbidly obese, health tourists and countless others who will never be able to pay a fraction of the cost of treatment they are having for 'behaving stupidly'

    But I guess you won't mind that.
  • OldKingColeOldKingCole Posts: 33,424

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
    Up North I have a nephew who, at 18, instead of going to Uni went to work in a large, traditional, British bank.
    One of his co-workers introduced him to Bitcoin and before long he had made enough to buy, outright, a terraced house which he and his father redecorated.
  • MaxPBMaxPB Posts: 38,802

    rcs1000 said:

    Mac n’ Chise DNAMicrobePetri dish
    @sailorrooscout
    What a good way to start the week off! A new study out of the New York University Grossman School of Medicine shows the current vaccines WILL remain protective against variants B.1.617 and B.1.618, first identified in India.

    Everybody except @Chris and @Leon has known this was highly likely for some time.

    Indeed. My advice to those who missed Chris' cameo on PB yesterday afternoon is that it was well worth missing.
    But he's the smartest guy in every room, surely he wasn't completely wrong?!
  • contrariancontrarian Posts: 5,818
    edited May 2021

    Cyclefree said:


    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.

    She is rather missing the point with that "deserving / undeserving" dichotomy.

    The lockdowns were imposed to stop the NHS being overwhelmed and people dying in unacceptably large numbers. Now with the vaccination programme there is no risk of the former or the latter happening, so there is no good reason to continue with lockdowns or continuing restrictions.

    A separate question is whether the unvaxxed should get treatment if they get Covid as a result of their refusal to take the vaccine when offered. My view is yes - medical care should be provided on the basis of medical need not on the basis of whether someone has behaved stupidly or not.

    Whether others will blame the unvaxxed for their stupidity is another matter. If people behave stupidly, they should not complain if others blame them, especially if they put others at risk.
    I completely agree with this analysis Cyclefree. No, we shouldn't slow the roadmap to protect antivaxxers. Yes, antivaxxers should be given full care at no extra cost should they become ill from Covid.
    This is a complete straw man. Can you produce a single 'anti-vaxxer' who wants you to slow down the roadmap? Most want it speeded up. Most never wanted lockdown in the first place.

    Some people are comfortable living with risk.
  • rcs1000rcs1000 Posts: 57,153

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
    Surely money posses three characteristics:

    1. Its scarcity is guaranteed.
    2. It is easy to subdivide and to transfer.
    3. Everyone agrees on its worth.

    When you have hyperinflation, you lose both 1 and 3, and people grow distrustful of money.

    Bitcoin and other cryptocurrencies do have guaranteed scarcity. So, there will never be more than 21 million Bitcoins.

    They are (somewhat) easy to subdivide and transfer (although there are some major network capacity constraints that have not yet been solved).

    However, no-one agrees on their worth. And no one would agree to pay for a long-term contract (employment or any other) in Bitcoin, because one wouldn't know what a Bitcoin was worth in a day or a month or a year's time.

    Bitcoins do possess some utility. If you wish to evade currency controls (in say Argentina), then they are an efficient middle man. You use your Pesos to buy Bitcoin from a man on a street corner and then you can wire them to someone in Stockholm.

    Likewise, there is a whole "underground" economy based around their pseudonymity (although most people using them don't realise just how easily that can be broken.)

    If (a) Bitcoin's network capacity issues are solved via the Lightning network, and it can essentially support unlimited transaction volumes with massively lower fees. And (b) the price ceases swinging around like a drunken sailor, then it's possible that Bitcoin's worth becomes more certain.

    If Modern Monetary Theory leads to greater inflation of traditional money, then it's possible that the volume of real transactions through Bitcoin will rise and it will cease being just a trading chip.

    However, for now it is just a number in a casino.
  • noneoftheabovenoneoftheabove Posts: 22,822

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
    All currencies are essentially a matter of belief that you can use them for future goods and services. Yes gold has an intrinsic value as a decorative item of jewellery but that is nothing like £1300 per ounce. It is that price because people believe that others will swap it with them based on thousands of years of gold trade.

    Cryptos are popular because enough people believe that others will swap it with them in the future because they think the technology/structure of the currency is better (whether it is or not, enough people believe that). So there is a different belief behind them compared to gold, but it is all just about belief, currencies dont have intrinsic value to match their price.
  • Animal_pbAnimal_pb Posts: 608
    tlg86 said:

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    The way I see it is that they are only worth anything more than the notional value of the drugs et al trade if you think we will get some hyperinflation that makes traditional currencies worthless. But I really don't want to contemplate the possibility that that actually happens.
    Me neither. I'll owe RCS a chunk of gold if that happens. I'm a bit less sanguine about that wager than I was a couple of years ago, now.
  • AnabobazinaAnabobazina Posts: 23,485
    Positive test rate of increase has crashed to 1.1% – possible we will see a fall this week but we shall see...
  • rpjsrpjs Posts: 3,787

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
    Up North I have a nephew who, at 18, instead of going to Uni went to work in a large, traditional, British bank.
    One of his co-workers introduced him to Bitcoin and before long he had made enough to buy, outright, a terraced house which he and his father redecorated.
    All ponzi/pyramid schemes benefit the earliest entrants.
  • CyclefreeCyclefree Posts: 25,310
    edited May 2021
    kinabalu said:

    Cyclefree said:

    Christ, no.

    BTW fpt misogyny feels too weak a word for threatening women with rape. When I hear the word "misogyny" I think of someone believing women are too stupid to be doctors or should just be in the kitchen or are not strong enough to be CEO's or whatever.

    Threatening rape is of a whole different order. It is sadism directed at women.

    To me, misogyny is a strong word. Far stronger than sexism or chauvinism. But I see what you mean. If you're routinely using 'misogyny' to describe the belittling of women you need at least the qualifier 'extreme' for threats or acts of rape.
    Yes - that's what I mean. There is a big difference between saying women should clean behind the fridge and threatening rape. Using the same word to describe both risks devaluing the seriousness of the latter.
  • RochdalePioneersRochdalePioneers Posts: 28,900
    Epic Stuff from Lord Frost. The solution to the unworkable NI protocol? Phase it in slowly! https://www.theguardian.com/politics/2021/may/17/uk-proposes-phasing-in-irish-sea-border-checks-on-food-brexit

    "The UK has ruled out a food standards alignment deal that would have done away with 90% of border checks, according to Shanker Singham, one of the lead proponents for alternative arrangements for the border.

    According to internal documents seen by the BBC and the Guardian, the UK instead wants to phase in border checks on food. Phase 1 from 1 October would involve the introduction of export health certificates for fresh meat. Phase 2, from the end of January, would cover dairy products, garden centre plants, seeds and wine.

    Phase 3 would cover fruit and vegetables and pet food, and phase 4 would cover “ambient” foods such as jams, products with a short shelf life and high-risk foods not of animal origin."

    This is delusional. We won't agree a deal to declare our aligned standards to be aligned. Instead we're going to drive through non-workable logistics costs and delays AND whip the loyalist community up to rioting point. Why? Because our aligned standards may well be aligned by our choice but we can't say that as we have to have defeated the evil EU or whatever.
  • tlg86tlg86 Posts: 26,175
    rcs1000 said:

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
    Surely money posses three characteristics:

    1. Its scarcity is guaranteed.
    2. It is easy to subdivide and to transfer.
    3. Everyone agrees on its worth.

    When you have hyperinflation, you lose both 1 and 3, and people grow distrustful of money.

    Bitcoin and other cryptocurrencies do have guaranteed scarcity. So, there will never be more than 21 million Bitcoins.

    They are (somewhat) easy to subdivide and transfer (although there are some major network capacity constraints that have not yet been solved).

    However, no-one agrees on their worth. And no one would agree to pay for a long-term contract (employment or any other) in Bitcoin, because one wouldn't know what a Bitcoin was worth in a day or a month or a year's time.

    Bitcoins do possess some utility. If you wish to evade currency controls (in say Argentina), then they are an efficient middle man. You use your Pesos to buy Bitcoin from a man on a street corner and then you can wire them to someone in Stockholm.

    Likewise, there is a whole "underground" economy based around their pseudonymity (although most people using them don't realise just how easily that can be broken.)

    If (a) Bitcoin's network capacity issues are solved via the Lightning network, and it can essentially support unlimited transaction volumes with massively lower fees. And (b) the price ceases swinging around like a drunken sailor, then it's possible that Bitcoin's worth becomes more certain.

    If Modern Monetary Theory leads to greater inflation of traditional money, then it's possible that the volume of real transactions through Bitcoin will rise and it will cease being just a trading chip.

    However, for now it is just a number in a casino.
    I think the big political unknown is how do world leaders react to some serious inflation. They haven't had to think about such a problem in their entire careers (maybe Biden has!).

    I think the people may kick off if they don't do anything about it. But then 30 and 40 somethings with big mortgages may kick off if they do too much about it!
  • CookieCookie Posts: 13,793
    Cyclefree said:

    Christ, no.

    BTW fpt misogyny feels too weak a word for threatening women with rape. When I hear the word "misogyny" I think of someone believing women are too stupid to be doctors or should just be in the kitchen or are not strong enough to be CEO's or whatever.

    Threatening rape is of a whole different order. It is sadism directed at women.

    To me, the inference is that the thugs waving Palestinian flags saw women as incidental to the process. It wasn't "rape the women," it was "rape their daughters" - a threat aimed at Jewish men.
    Because these people are from a different and pretty alien culture - family honour is rated highly; individual rights are rated lowly. And what individual women think about it is valued not at all.
  • malcolmgmalcolmg Posts: 43,319

    Taz said:

    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    They’re the wrong sort of football fans. If it was Celtic it would be less of an issue with many nationalists.
    After 9 years and a treble treble the Tims seem to have avoided quite such a level of barbarity. They also managed not to murder anyone, so yes, much less of a issue.
    The mess they left the place in was unbelievable and the urinating anywhere by both men and women was shocking. Was absolutely disgraceful and why police allowed them to enter the square just about sums it up , they had a practice with similar results a month ago.
  • MarqueeMarkMarqueeMark Posts: 52,561

    rcs1000 said:

    Mac n’ Chise DNAMicrobePetri dish
    @sailorrooscout
    What a good way to start the week off! A new study out of the New York University Grossman School of Medicine shows the current vaccines WILL remain protective against variants B.1.617 and B.1.618, first identified in India.

    Everybody except @Chris and @Leon has known this was highly likely for some time.

    Indeed. My advice to those who missed Chris' cameo on PB yesterday afternoon is that it was well worth missing.
    The last twitching spasms of the Covid irrationals.

    Speaking of which, didn't Contrarian argue very forcefully that no way we would be back drinking inside pubs this May? I suggest he doesn't turn on the telly today....
  • contrariancontrarian Posts: 5,818
    edited May 2021
    rcs1000 said:

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
    Surely money posses three characteristics:

    1. Its scarcity is guaranteed.
    2. It is easy to subdivide and to transfer.
    3. Everyone agrees on its worth.

    When you have hyperinflation, you lose both 1 and 3, and people grow distrustful of money.

    Bitcoin and other cryptocurrencies do have guaranteed scarcity. So, there will never be more than 21 million Bitcoins.

    They are (somewhat) easy to subdivide and transfer (although there are some major network capacity constraints that have not yet been solved).

    However, no-one agrees on their worth. And no one would agree to pay for a long-term contract (employment or any other) in Bitcoin, because one wouldn't know what a Bitcoin was worth in a day or a month or a year's time.

    Bitcoins do possess some utility. If you wish to evade currency controls (in say Argentina), then they are an efficient middle man. You use your Pesos to buy Bitcoin from a man on a street corner and then you can wire them to someone in Stockholm.

    Likewise, there is a whole "underground" economy based around their pseudonymity (although most people using them don't realise just how easily that can be broken.)

    If (a) Bitcoin's network capacity issues are solved via the Lightning network, and it can essentially support unlimited transaction volumes with massively lower fees. And (b) the price ceases swinging around like a drunken sailor, then it's possible that Bitcoin's worth becomes more certain.

    If Modern Monetary Theory leads to greater inflation of traditional money, then it's possible that the volume of real transactions through Bitcoin will rise and it will cease being just a trading chip.

    However, for now it is just a number in a casino.
    The power of totalitarianism rests party in its ability to completely control possessions, to reward those who are favoured and to turn enemies into grease spots via arbitrary confiscation.

    Cryptos are beyond the reach of governments. They can't be confiscated and attempts to tax them are pretty sketchy. They uphold the rights of the property owner in a world which really doesn't.

  • AnabobazinaAnabobazina Posts: 23,485

    Cyclefree said:


    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.

    She is rather missing the point with that "deserving / undeserving" dichotomy.

    The lockdowns were imposed to stop the NHS being overwhelmed and people dying in unacceptably large numbers. Now with the vaccination programme there is no risk of the former or the latter happening, so there is no good reason to continue with lockdowns or continuing restrictions.

    A separate question is whether the unvaxxed should get treatment if they get Covid as a result of their refusal to take the vaccine when offered. My view is yes - medical care should be provided on the basis of medical need not on the basis of whether someone has behaved stupidly or not.

    Whether others will blame the unvaxxed for their stupidity is another matter. If people behave stupidly, they should not complain if others blame them, especially if they put others at risk.
    I completely agree with this analysis Cyclefree. No, we shouldn't slow the roadmap to protect antivaxxers. Yes, antivaxxers should be given full care at no extra cost should they become ill from Covid.
    This is a complete straw man. Can you produce a single 'anti-vaxxer' who wants you to slow down the roadmap? Most want it speeded up. Most never wanted lockdown in the first place.

    Some people are comfortable living with risk.
    You might or might not be right – but that wasn't my point. My point was that we shouldn't slow down the roadmap for the sake of antivaxxers – as Pagel is suggesting – not that antivaxxers had requested it!
  • malcolmgmalcolmg Posts: 43,319

    JBriskin3 said:

    FPT

    "Suck it up, baby.
    Big help having such a visible example of 'Civic Unionism' at the weekend with which to compare and contrast of course."

    @Theuniondivvie

    Wow - you seem a little bit unhinged about football fans celebrating a football win.

    He's from Scotland. It happens so rarely...
    It happens on an annual basis just like every other place
  • MaffewMaffew Posts: 235

    Positive test rate of increase has crashed to 1.1% – possible we will see a fall this week but we shall see...

    It's certainly not suggestive of an explosion in cases due to a massively more transmissible variant.
  • turbotubbsturbotubbs Posts: 17,405

    Cyclefree said:


    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.

    She is rather missing the point with that "deserving / undeserving" dichotomy.

    The lockdowns were imposed to stop the NHS being overwhelmed and people dying in unacceptably large numbers. Now with the vaccination programme there is no risk of the former or the latter happening, so there is no good reason to continue with lockdowns or continuing restrictions.

    A separate question is whether the unvaxxed should get treatment if they get Covid as a result of their refusal to take the vaccine when offered. My view is yes - medical care should be provided on the basis of medical need not on the basis of whether someone has behaved stupidly or not.

    Whether others will blame the unvaxxed for their stupidity is another matter. If people behave stupidly, they should not complain if others blame them, especially if they put others at risk.
    I completely agree with this analysis Cyclefree. No, we shouldn't slow the roadmap to protect antivaxxers. Yes, antivaxxers should be given full care at no extra cost should they become ill from Covid.
    This is a complete straw man. Can you produce a single 'anti-vaxxer' who wants you to slow down the roadmap? Most want it speeded up. Most never wanted lockdown in the first place.

    Some people are comfortable living with risk.
    Its not the anti-vaxxers who want it slowed, its some the scientists who want it slowed to protect the anti-vaxxers.
  • rcs1000rcs1000 Posts: 57,153
    TOPPING said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    It is often simplified as such but MMT is essentially arguing that inflation rather than deficits is the bad thing that stops a sovereign nation printing money for ever. Of course inflation and deficits are closely linked so often conventional economics and MMT would lead to similar analysis. If we stay in this era of long term ultra low inflation then we shall see if (how long) the US and other countries can stay on MMT running massive deficits.
    You have to ask what it would take for inflationary pressures to reemerge given the behaviour of central banks over the past X years.
    Inflationary pressures were held in check in the developed world by China's export of deflation. The price of manufactured products didn't rise because China pegged their currency, and was happy to run trade surpluses into perpetuity.

    Of course, the money has to go somewhere, so instead of it inflating the price of consumer goods, it increased the price of assets. (The 'carry trade' made a lot of rich people a little bit richer.)

    I'm not convinced that China will be able to keep exporting deflation. Costs are rising there now, and their industrialisation process is mostly complete. Now, China could attempt to offset this by driving their currency lower, but it's easier to stop a currency rising than it is to drive it down.

    So I would guess we're going to see a slow and steady rise in inflationary pressures over the next five to ten years.

    Don't buy super long dated low coupon bonds.
  • AnabobazinaAnabobazina Posts: 23,485

    rcs1000 said:

    Mac n’ Chise DNAMicrobePetri dish
    @sailorrooscout
    What a good way to start the week off! A new study out of the New York University Grossman School of Medicine shows the current vaccines WILL remain protective against variants B.1.617 and B.1.618, first identified in India.

    Everybody except @Chris and @Leon has known this was highly likely for some time.

    Indeed. My advice to those who missed Chris' cameo on PB yesterday afternoon is that it was well worth missing.
    The last twitching spasms of the Covid irrationals.

    Speaking of which, didn't Contrarian argue very forcefully that no way we would be back drinking inside pubs this May? I suggest he doesn't turn on the telly today....
    He did indeed IIRC ––although TBF he very graciously conceded the sportsman's bet I had with him when we were drinking pints w/c 12 April...
  • kinabalukinabalu Posts: 42,134

    Cyclefree said:


    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.

    She is rather missing the point with that "deserving / undeserving" dichotomy.

    The lockdowns were imposed to stop the NHS being overwhelmed and people dying in unacceptably large numbers. Now with the vaccination programme there is no risk of the former or the latter happening, so there is no good reason to continue with lockdowns or continuing restrictions.

    A separate question is whether the unvaxxed should get treatment if they get Covid as a result of their refusal to take the vaccine when offered. My view is yes - medical care should be provided on the basis of medical need not on the basis of whether someone has behaved stupidly or not.

    Whether others will blame the unvaxxed for their stupidity is another matter. If people behave stupidly, they should not complain if others blame them, especially if they put others at risk.
    I completely agree with this analysis Cyclefree. No, we shouldn't slow the roadmap to protect antivaxxers. Yes, antivaxxers should be given full care at no extra cost should they become ill from Covid.
    There is quite rightly no chance - no chance whatsoever - of the NHS saying to people who need treatment for Covid, "What, you refused the vaccine? Ok, so fuck off home then. You can suffer and die."

    I'm surprised we're even talking about this tbh.
  • OldKingColeOldKingCole Posts: 33,424
    rpjs said:

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
    Up North I have a nephew who, at 18, instead of going to Uni went to work in a large, traditional, British bank.
    One of his co-workers introduced him to Bitcoin and before long he had made enough to buy, outright, a terraced house which he and his father redecorated.
    All ponzi/pyramid schemes benefit the earliest entrants.
    True, but this was some 3-4 years ago. Bitcoin's been going a bit longer than that.
    It does remind, me though of tulipomania (although I believe this wasn't a bad popularly believed) or the South Sea Bubble.
  • turbotubbsturbotubbs Posts: 17,405

    Positive test rate of increase has crashed to 1.1% – possible we will see a fall this week but we shall see...

    No real sign of a problem in the case data is there? Other than a new variant being followed by our excellent monitoring in the UK, I'd say we are very much on track.
  • rcs1000rcs1000 Posts: 57,153

    "Former ECB chief economists warn of eurozone debt trap if inflation comes back
    The central bank may no longer be free to tighten policy if needed, they argue."

    https://www.politico.eu/article/former-ecb-chief-economists-warn-of-eurozone-debt-trap-inflation/

    Rising inflation wiping out the Eurozone's debts would probably be the best thing that could happen to them.
  • NigelbNigelb Posts: 71,070
    (FPT)

    TOPPING said:

    TOPPING said:

    Floater said:

    Leon said:

    "Lue Elizondo: Look, Bill, I'm not, I'm not telling you that, that it doesn't sound wacky. What I'm telling you, it's real. The question is, what is it? What are its intentions? What are its capabilities? 

    As an engineer I've always been naturally sceptical of stories like these, but it's getting harder and harder to maintain that stance. Bonkers as it sounds, clearly something that can be tracked visually, on radar, and by IR is physically present, not some kind of illusion.

    I'm glad the US is starting to take this seriously. They should pack an aircraft with every sensor known to man, optical, IR, gravimetric, et al, and fly it around in an area where these sightings are happening.

    These things are clearly real - they do appear to be able to operate both in ways current technology cannot duplicate and also trans medium (ie in water and in air)

    The question is where do they come from - it isn't impossible that they come from China or Russia ( I saw someone say Iran - but nah can't see that ) - but it seems unlikely.
    Ah. Glad you're on. Not being paying huge attention to it but could you pls let me know what was the catalyst for this latest bout of violence in the ME?

    TIA.
    https://www.reuters.com/world/middle-east/clashes-jerusalem-ahead-court-case-palestinians-eviction-2021-05-05/
    Excellent thanks. So the Israelis tried to turf out the people who had been living there for decades (but perhaps not centuries...).

    Simon the Just, eh? No wonder the problem seems to be intractable.
    The Israeli Jews say that they legally own the land and they've owned it since the Ottomans, but were kicked out by the Jordanians and Palestinians settled there and they want their land back. They say they're the legal owners of the land.

    The Palestinians say that its their home that they were settled in by the Jordanians in the 50s.

    The Courts have backed the Jewish owners of the land.
    There is a problem with that simple interpretation, though.

    https://www.theguardian.com/world/2021/may/16/a-raid-a-march-a-court-case-how-israel-spiralled-into-a-deadly-conflict
    ...The Sheikh Jarrah case is incendiary for many Palestinians because would-be settlers cite an Israeli law allowing Jews to reclaim ownership of property lost before 1948. Palestinians have no equivalent legal means to reclaim property that became part of the state of Israel at the same time. “The law is written to privilege Jews over non-Jews. It is house-by-house, neighbourhood-by-neighbourhood apartheid,” said Yousef Munayyer, a Palestinian political analyst.

    The families at the heart of the dispute have lived there since the 1950s, after being forced to abandon or flee their homes in the fighting that preceded the declaration of the state of Israel in 1948....
  • contrariancontrarian Posts: 5,818

    Cyclefree said:


    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.

    She is rather missing the point with that "deserving / undeserving" dichotomy.

    The lockdowns were imposed to stop the NHS being overwhelmed and people dying in unacceptably large numbers. Now with the vaccination programme there is no risk of the former or the latter happening, so there is no good reason to continue with lockdowns or continuing restrictions.

    A separate question is whether the unvaxxed should get treatment if they get Covid as a result of their refusal to take the vaccine when offered. My view is yes - medical care should be provided on the basis of medical need not on the basis of whether someone has behaved stupidly or not.

    Whether others will blame the unvaxxed for their stupidity is another matter. If people behave stupidly, they should not complain if others blame them, especially if they put others at risk.
    I completely agree with this analysis Cyclefree. No, we shouldn't slow the roadmap to protect antivaxxers. Yes, antivaxxers should be given full care at no extra cost should they become ill from Covid.
    This is a complete straw man. Can you produce a single 'anti-vaxxer' who wants you to slow down the roadmap? Most want it speeded up. Most never wanted lockdown in the first place.

    Some people are comfortable living with risk.
    Its not the anti-vaxxers who want it slowed, its some the scientists who want it slowed to protect the anti-vaxxers.
    Read the sentence you wrote and ask yourself if its true in any sense whatever.

    As we learn more about SAGE, we surely understand the faith in it displayed on here and elsewhere is utterly misplaced.
  • AnabobazinaAnabobazina Posts: 23,485
    kinabalu said:

    Cyclefree said:


    Prof. Christina Pagel
    @chrischirp
    ·
    4h
    11. So yes, take the breakdown of patients by vax status in Bolton hospital as a sign that vaccines are protective against severe illness.

    But do not think that this makes everything "fine" cos it doesn't. /END

    Prof. Christina Pagel
    @chrischirp
    Replying to
    @chrischirp
    PS to the heartless argument that unvaxxed people are to blame if they don't get vaxxed... 1) full hospitals are full hospitals 2) SAGE models suggest most deaths are in vaxxed people in a bad surge 3) dividing people in "deserving" and "undeserving" is wrong and dangerous.

    She is rather missing the point with that "deserving / undeserving" dichotomy.

    The lockdowns were imposed to stop the NHS being overwhelmed and people dying in unacceptably large numbers. Now with the vaccination programme there is no risk of the former or the latter happening, so there is no good reason to continue with lockdowns or continuing restrictions.

    A separate question is whether the unvaxxed should get treatment if they get Covid as a result of their refusal to take the vaccine when offered. My view is yes - medical care should be provided on the basis of medical need not on the basis of whether someone has behaved stupidly or not.

    Whether others will blame the unvaxxed for their stupidity is another matter. If people behave stupidly, they should not complain if others blame them, especially if they put others at risk.
    I completely agree with this analysis Cyclefree. No, we shouldn't slow the roadmap to protect antivaxxers. Yes, antivaxxers should be given full care at no extra cost should they become ill from Covid.
    There is quite rightly no chance - no chance whatsoever - of the NHS saying to people who need treatment for Covid, "What, you refused the vaccine? Ok, so fuck off home then. You can suffer and die."

    I'm surprised we're even talking about this tbh.
    I'm not sure anyone was actually proposing such a course of action, although I might have missed it!
  • Philip_ThompsonPhilip_Thompson Posts: 65,826
    Cookie said:

    Cyclefree said:

    Christ, no.

    BTW fpt misogyny feels too weak a word for threatening women with rape. When I hear the word "misogyny" I think of someone believing women are too stupid to be doctors or should just be in the kitchen or are not strong enough to be CEO's or whatever.

    Threatening rape is of a whole different order. It is sadism directed at women.

    To me, the inference is that the thugs waving Palestinian flags saw women as incidental to the process. It wasn't "rape the women," it was "rape their daughters" - a threat aimed at Jewish men.
    Because these people are from a different and pretty alien culture - family honour is rated highly; individual rights are rated lowly. And what individual women think about it is valued not at all.
    Precisely, the threat isn't aimed at the women in their thinking - its aimed at the husbands/father's of those women.

    Because to them only men matter and the women are chattle, and why would you threaten chattle?
  • AnabobazinaAnabobazina Posts: 23,485

    Positive test rate of increase has crashed to 1.1% – possible we will see a fall this week but we shall see...

    No real sign of a problem in the case data is there? Other than a new variant being followed by our excellent monitoring in the UK, I'd say we are very much on track.

    There's been a fall in testing overall although I dare say a big increase in testing in areas of concern. Worth keeping an eye on the numbers for the next few days...
  • RochdalePioneersRochdalePioneers Posts: 28,900

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
    Up North I have a nephew who, at 18, instead of going to Uni went to work in a large, traditional, British bank.
    One of his co-workers introduced him to Bitcoin and before long he had made enough to buy, outright, a terraced house which he and his father redecorated.
    Yep - some people have got very rich from its ludicrous spikes in value. Others have lost a significant portion of their investment from its ludicrous spikes in value. I don't get it...
  • eekeek Posts: 28,368
    rcs1000 said:

    "Former ECB chief economists warn of eurozone debt trap if inflation comes back
    The central bank may no longer be free to tighten policy if needed, they argue."

    https://www.politico.eu/article/former-ecb-chief-economists-warn-of-eurozone-debt-trap-inflation/

    Rising inflation wiping out the Eurozone's debts would probably be the best thing that could happen to them.
    Rising inflation would probably open up an entirely different set of issues for Germany - given that the central focus of the Bundesbank is (and always has been) to keep inflation as low as possible.
  • Philip_ThompsonPhilip_Thompson Posts: 65,826
    Nigelb said:

    (FPT)

    TOPPING said:

    TOPPING said:

    Floater said:

    Leon said:

    "Lue Elizondo: Look, Bill, I'm not, I'm not telling you that, that it doesn't sound wacky. What I'm telling you, it's real. The question is, what is it? What are its intentions? What are its capabilities? 

    As an engineer I've always been naturally sceptical of stories like these, but it's getting harder and harder to maintain that stance. Bonkers as it sounds, clearly something that can be tracked visually, on radar, and by IR is physically present, not some kind of illusion.

    I'm glad the US is starting to take this seriously. They should pack an aircraft with every sensor known to man, optical, IR, gravimetric, et al, and fly it around in an area where these sightings are happening.

    These things are clearly real - they do appear to be able to operate both in ways current technology cannot duplicate and also trans medium (ie in water and in air)

    The question is where do they come from - it isn't impossible that they come from China or Russia ( I saw someone say Iran - but nah can't see that ) - but it seems unlikely.
    Ah. Glad you're on. Not being paying huge attention to it but could you pls let me know what was the catalyst for this latest bout of violence in the ME?

    TIA.
    https://www.reuters.com/world/middle-east/clashes-jerusalem-ahead-court-case-palestinians-eviction-2021-05-05/
    Excellent thanks. So the Israelis tried to turf out the people who had been living there for decades (but perhaps not centuries...).

    Simon the Just, eh? No wonder the problem seems to be intractable.
    The Israeli Jews say that they legally own the land and they've owned it since the Ottomans, but were kicked out by the Jordanians and Palestinians settled there and they want their land back. They say they're the legal owners of the land.

    The Palestinians say that its their home that they were settled in by the Jordanians in the 50s.

    The Courts have backed the Jewish owners of the land.
    There is a problem with that simple interpretation, though.

    https://www.theguardian.com/world/2021/may/16/a-raid-a-march-a-court-case-how-israel-spiralled-into-a-deadly-conflict
    ...The Sheikh Jarrah case is incendiary for many Palestinians because would-be settlers cite an Israeli law allowing Jews to reclaim ownership of property lost before 1948. Palestinians have no equivalent legal means to reclaim property that became part of the state of Israel at the same time. “The law is written to privilege Jews over non-Jews. It is house-by-house, neighbourhood-by-neighbourhood apartheid,” said Yousef Munayyer, a Palestinian political analyst.

    The families at the heart of the dispute have lived there since the 1950s, after being forced to abandon or flee their homes in the fighting that preceded the declaration of the state of Israel in 1948....
    Indeed but ironically of course the Palestinians do actually still claim a "right of return" and a "right of return" for those who left Israel in the fighting in the 40s - and to the property. About five million Palestinians are claimed by the Palestinian side to have a "right of return".
  • RochdalePioneersRochdalePioneers Posts: 28,900

    Omnium said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    I'm sure you're right.

    I think bitcoin is worth zero. I've never owned any, nor do I want to. I did consider shorting it, but thankfully worked out that any number could be the price. I sort of hope that the crypto-currencies fade away (thus not hurting people really badly), but I'm almost sure that it won't be a clean demise, and I may be massively wrong and one day be forced to use bitcoin as its the only sensible choice. I hope that they fade away mainly because I think they bring massive potential issues with them, and the more valuable they get the worse those issues are.

    I'm 100% not the person to trust in terms of these valuations though - I've been completely wrong all the way.
    As I am a moron* I don't understand Bitcoin and the various other made up coins. Money is Gold. It has an intrinsic value. Most currency is now a promissory note where its value comes from it being the only way to pay your taxes.

    But where is the value in Bitcoin? It has no intrinsic value. It has no inferred value. It isn't an official currency of anywhere. I don't get it.
    All currencies are essentially a matter of belief that you can use them for future goods and services. Yes gold has an intrinsic value as a decorative item of jewellery but that is nothing like £1300 per ounce. It is that price because people believe that others will swap it with them based on thousands of years of gold trade.

    Cryptos are popular because enough people believe that others will swap it with them in the future because they think the technology/structure of the currency is better (whether it is or not, enough people believe that). So there is a different belief behind them compared to gold, but it is all just about belief, currencies dont have intrinsic value to match their price.
    Lets focus on that word "belief". Precious Metals have intrinsic value hence their use as money for millenia. Fiat currency has representative value - a £10 note may cost a few pence to produce but will buy £10 of goods / pay £10 of taxes because government.

    Bitcoin et al have value because some people who believe in Bitcoin have declared it has value. It isn't a currency. It is a religion - one of the cultey ones.
  • SeaShantyIrish2SeaShantyIrish2 Posts: 17,559
    JBriskin3 said:

    tlg86 said:

    Omnium said:

    rcs1000 said:

    Guido quotes the ONS today with the estimate that the pandemic and lockdown to date has cost the taxpayer a cool USD372bn. And that's to May 2021.

    Over the next 18 months Johnson & co will be trying to plug gaps and get some of that back. So no, there won't be an early election.

    In fact, it would not surprise me if the colossal bill for covid/lockdown is now driving the agenda. It would explain why Johnson, after countless cave-ins, is suddenly standing up to SAGE.

    He simply cannot afford not to.

    I thought Modern Monetary Theory held that deficits are irrelevant and you can print money for ever without any bad stuff happening.
    Is that even a theory? So far as I can see economists have given up on theory. They've lit the blue touchpaper, stood well back, but no way are they going back to the firework.

    Personally I think that a line needs to be drawn under this QE phase as quickly as possible and no matter the temptation it shouldn't be used again.

    The economic climate is so weird at the moment.
    A couple of straws in the wind. My sister, who works in a dubious part of financial services, asked me last week whether I wanted to invest in a new coin that is launching next week.

    On Facebook this morning, someone I know was telling people not to sell bitcoin and that now was a good time to buy etc. etc.

    It's all going to end in tears.
    The crypto crowd have good banter - I'll consider the matter once Groats are taken off the deliberation.
    Would you be interested in the NEW investment opportunity of the emerging 2020s?

    Crypto-Groat!
This discussion has been closed.