tag:blogger.com,1999:blog-2249851329008146395.post5498921391305642465..comments2023-10-30T09:11:12.922-07:00Comments on Clouded Outlook: The truth about the UK banking and the credit crunchAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2249851329008146395.post-64247501204967352312009-02-07T09:20:00.000-08:002009-02-07T09:20:00.000-08:00I wonder at what point it was that Brown and the B...I wonder at what point it was that Brown and the BoE realised it was all starting to crash down on their heads. Surely to goodness it was pre-Northern Rock.. nobody could be that stupid. Could they?<br><br>But they did nothing.All Shook Uphttp://www.blogger.com/profile/06815298630864905608noreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-63325357456190987412009-02-07T09:44:00.000-08:002009-02-07T09:44:00.000-08:00I tried posting this at HPC but was told it was a ...I tried posting this at HPC but was told it was a duplicate link, I hope their webmaster approves it soon.<br><br>A picture says a thousand words ...Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-28366144431981516242009-02-07T11:45:00.000-08:002009-02-07T11:45:00.000-08:00Just WHEN are these people going to be locked up f...Just WHEN are these people going to be locked up for what they are doing to this country?!JPThttp://www.blogger.com/profile/00796856414981086841noreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-67349168947877329412009-02-07T12:43:00.000-08:002009-02-07T12:43:00.000-08:00Manufacturing is dirty, smelly, dangerous and prod...Manufacturing is dirty, smelly, dangerous and produces plenty of wastes and (in these green times) CO2. It also is predominantly a male oriented environment. Not many women clamouring to be engineers, lathe operatives or welders. <br><br>Finance on the other hand takes place in nice clean, air conditioned offices, produces no wastes, and provides lots of office based jobs that appeal to both sexes. <br><br>Its a no-brainer really for this govt. Put extra regulations on manufacturing of the 'elf n safety' and environmental type, and promote finance as the engine room of the economy. Lots of jobs for the girls, reduced carbon emissions (let the Chinese be responsible for them), extra tax revenue from those oh so profitable financial whizz kids, wonderful. We can all work in nice offices, drive our Minis, take 2-3 holidays per year and have expensive houses filled with electronic goodies. Why doesn't every other nation do the same? Its all so easy!sobersnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-13571617823813476292009-02-07T13:13:00.000-08:002009-02-07T13:13:00.000-08:00Whilst the graph looks nice I am not convinced it ...Whilst the graph looks nice I am not convinced it shows a true picture. There's no reason to suspect loans would generally be required for a manufacturing company if the cash flow is good. Also you fail to show deposits from financial corporations which currently stand at 686 billion. So the graph is not as scary as it looks in my opinion.<br><br>How about a graph that shows the profit being made by manufacturing Vs the profit being made by financial institutions? That would be more useful.mikehttp://www.blogger.com/profile/05772374031938763566noreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-53690814778062711342009-02-07T16:09:00.000-08:002009-02-07T16:09:00.000-08:00A graph turning upwards on this blog at last ! Th...A graph turning upwards on this blog at last ! That's good, no ???<br><br>Industry. Well what defines it is a moot point.<br><br>The last I heard was that we have a sex 'industry'. Seriously. You hear it called such on the Jeremy Kyle show and such like. "I work in da sex industree."<br><br>Trade unions, apprenticeships, closed shops, protective clothing ... the lot !<br><br>The smell of oil and burning rubber. Phew !Electro-Kevinhttp://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-57343374857653419752009-02-08T02:51:00.000-08:002009-02-08T02:51:00.000-08:00Not quite right I'm afraid Alice.You said: &qu...Not quite right I'm afraid Alice.<br><br>You said: "As its appetite for credit has grown, the shadow banking sector has squeezed out housing and consumer credit finance."<br><br>Actually, 'other finance corporations' includes the likes of SIV's. So the shadow banking sector is integrally linked with the explosive growth in the provision of housing finance.<br><br>Their even more explosive growth over the last year has been to replace overseas wholesale funds that are no longer available. <br><br>In fact, according to the BoE lending to ofc's has risen 45% over the last year whilst that to private non financial companies (pnfc'c) has actually fallen in the crunch. <br><br>A scandal in itself.<br><br><br>Love hotairmailAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-55797376925397702292009-02-08T03:12:00.000-08:002009-02-08T03:12:00.000-08:00O/T: Is there some automated program multiplying l...O/T: Is there some automated program multiplying links to The Financial Ninja and A Scooter in Turkey?Sackersonnoreply@blogger.comtag:blogger.com,1999:blog-2249851329008146395.post-79475872191657946352009-02-10T04:51:00.000-08:002009-02-10T04:51:00.000-08:00I don't think that allowing more credit for fi...I don't think that allowing more credit for financial sector automatically assumes having less money for manufacturing. Since it used to be very easy to obtain a loan, the manufactures would have got more credit, if they wanted so. All I read from the graph presented is that the manufactures had enough of cash-flow and simply didn't need to borrow more.<br>Take care,<br>Ellitoronto real estatehttp://ellidavis.com/about/why-elli-davis/noreply@blogger.com