Brexit, for once some facts.

[oldgroaner]

My understanding/opinion of the purpose of the stock market is (1) to allow companies that need capital to borrow it, and (2) to allow investors to invest in companies they think (financially) worthwhile. The company needs to put forward a good case as to why it needs and how it will use the capital, otherwise the investor will not wish to invest. That seems a very sensible arrangement.

However, it is very open to manipulation and thus in need of regulation. It seems that the purpose could better be met if the regulation included a requirement that any stock held should be held for at least a year (under penalty of very high tax if not). That would help ensure that the investor really was investing in the company, not in the possibility of short term gain, and companies would have greater stability.

Historically it is more the case it came into existence to finance piracy on the high seas

At least it could be argued, it fulfils it's original purpose

 

[oldgroaner]

31/01/2020. Look it up. You are wrong but as usual you are lacking the character and good grace to acknowledge it.

Of course the U.K. were winding down during in 2019, they’d given notice they were leaving.

Meanwhile Ireland continues to accept EU charity, unable to pay their own bills and dancing a jolly jig to any tune the EU chooses in return for having Euros shoved up their arse.

Poor devils, are they missing out on the Roubles your favourite party coins in?

 

[sjpt]

Historically it is more the case it came into existence to finance piracy on the high seas

At least it could be argued, it fulfils it's original purpose

I didn't know that. There is always that important difference between 'companies they think worthwhile' and 'companies they think financially worthwhile'.

It may be that the original investors in piracy were investing in buccaneers, and really thought that is was worthwhile to get at the Spanish even ignoring the money?

 

[flecc]

My understanding/opinion of the purpose of the stock market is (1) to allow companies that need capital to borrow it, and (2) to allow investors to invest in companies they think (financially) worthwhile. The company needs to put forward a good case as to why it needs and how it will use the capital, otherwise the investor will not wish to invest. That seems a very sensible arrangement.

However, it is very open to manipulation and thus in need of regulation. It seems that the purpose could better be met if the regulation included a requirement that any stock held should be held for at least a year (under penalty of very high tax if not). That would help ensure that the investor really was investing in the company, not in the possibility of short term gain, and companies would have greater stability.

The idea is good, but I don't think it would work in practice. It would be telling investors at times that they'd have to hold onto shares by law as they tumbled while a company failed. The market would probably become short of funds as investors turned to the more volatile currency market and other investment forms.

 

[oldgroaner]

I didn't know that. There is always that important difference between 'companies they think worthwhile' and 'companies they think financially worthwhile'.

It may be that the original investors in piracy were investing in buccaneers, and really thought that is was worthwhile to get at the Spanish even ignoring the money?

Queen Elizabeth 1 made quite a profit in her investment in El Draco
When Drake set off in 1577 it was probably with the intention of plundering Spanish ships and possibly fighting a route to the Spice Islands of the East Indies. It was a dangerous voyage. Only one ship, the Pelican, which was renamed the Golden Hind, made it back to England. Two ships had to be destroyed, one was lost at sea and the other turned back after trying to sail round South America.
• When Drake returned he was knighted by Elizabeth for his services. He was the first Englishman to circumnavigate the globe, had made discoveries and claimed new land for England and brought back enough treasure to pay off the national debt.
He had ballasted the ship with silver and gold!

 

[oldgroaner]

Re the terms of Contract on Covid Vaccines

Not quite so cut and dried as we are being led to believe

 

[oldgroaner]

Latest news
https://www.biorxiv.org/content/10.1101/2021.01.27.427998v1
Neutralization of spike 69/70 deletion, E484K, and N501Y SARS-CoV-2 by BNT162b2 vaccine-elicited sera

 

[sjpt]

The idea is good, but I don't think it would work in practice. It would be telling investors at times that they'd have to hold onto shares by law as they tumbled while a company failed. The market would probably become short of funds as investors turned to the more volatile currency market and other investment forms.

True, but that would only the the investors that had invested within the previous year. They must have had poor judgement as to whether the company was financially worthwhile.

Maybe better if the tax were a proportion of the capital gain; tapering from 100% at time 0 to 0% after two years. Similarish to current tapering rules, but MUCH more heavy for stocks held a short time.

 

[flecc]

True, but that would only the the investors that had invested within the previous year. They must have had poor judgement as to whether the company was financially worthwhile.

A government just cannot order someone to lose their own money by deciding for them when to withdraw. They wouldn't be the government for very long.

Maybe better if the tax were a proportion of the capital gain; tapering from 100% at time 0 to 0% after two years. Similarish to current tapering rules, but MUCH more heavy for stocks held a short time.

I still think it would disable the market by causing a large loss of funds. The short term market would end up in currency trading where the games played are just as bad, if not worse.

The stock market and currency trading in their essential fields are like democracy, terrible systems but better than all the others.
.

 

[Danidl]

True, but that would only the the investors that had invested within the previous year. They must have had poor judgement as to whether the company was financially worthwhile.

Maybe better if the tax were a proportion of the capital gain; tapering from 100% at time 0 to 0% after two years. Similarish to current tapering rules, but MUCH more heavy for stocks held a short time.

It seems to me that it is the practice of selling and buying shares one does not have ..ie the futures market or derivatives which should be banned. Perhaps making the period Before settling accounts say 6 hours , would stop a lot of this selling short.

 

[Danidl]

31/01/2020. Look it up. You are wrong but as usual you are lacking the character and good grace to acknowledge it.

Of course the U.K. were winding down during in 2019, they’d given notice they were leaving.

Meanwhile Ireland continues to accept EU charity, unable to pay their own bills and dancing a jolly jig to any tune the EU chooses in return for having Euros shoved up their arse. Pathetic.

When a marriage breaks up do you count the day that the decree nisi is published in the court gazette or the day when the woman left on separation, closed the bank account and went into the battered wives home?.

 

[oldgroaner]

Boris having lunch with everyone in Scotland that likes him

 

[Jesus H Christ]

When a marriage breaks up do you count the day that the decree nisi is published in the court gazette or the day when the woman left on separation, closed the bank account and went into the battered wives home?.

I like your family analogy. Ireland could play the part of the lay-about son, with no means of financially supporting himself, and sponging of mum & dad (Germany and the other EU earners).

Just admit you are wrong and stop making a fool of yourself. You said the U.K. left the EU in 2019 and you were mistaken. There is no shame in making a mistake, but you are now behaving like an infant. Grow up and take ownership of your error.

You are being a knob-head. Stop.

 

[oyster]

They must have had poor judgement as to whether the company was financially worthwhile.

Or a pandemic came along and changed everything!

 

[Zlatan]

Unite union 'paid £95m to leader's friend' for project estimated to cost £7m - CityAM

A construction firm owned by the friend of Unite leader Len McCluskey was paid £95m by the union for a project that was originally supposed to cost £7m, according to reports. The Flanagan Group, a Liverpool-based building firm, was paid the money to act as a private contractor on a new national...

www.cityam.com

Seems having your fingers in the till isn't unique to Tories.

 

[Jesus H Christ]

Unite union 'paid £95m to leader's friend' for project estimated to cost £7m - CityAM

A construction firm owned by the friend of Unite leader Len McCluskey was paid £95m by the union for a project that was originally supposed to cost £7m, according to reports. The Flanagan Group, a Liverpool-based building firm, was paid the money to act as a private contractor on a new national...

www.cityam.com

Seems having your fingers in the till isn't unique to Tories.

They’re all the same, they can’t help themselves It’s just a certain gentlemen from Hull pretends it’s uniquely a Tory problem.

 

[Zlatan]

They’re all the same, they can’t help themselves It’s just a certain gentlemen from Hull pretends it’s uniquely a Tory problem.

He, ll have something to say about it in morning... Probably along lines it's made up by Tory media...

 

[Danidl]

I like your family analogy. Ireland could play the part of the lay-about son, with no means of financially supporting himself, and sponging of mum & dad (Germany and the other EU earners).

Just admit you are wrong and stop making a fool of yourself. You said the U.K. left the EU in 2019 and you were mistaken. There is no shame in making a mistake, but you are now behaving like an infant. Grow up and take ownership of your error.

You are being a knob-head. Stop.

OK.. Anything to give my head peace . The formal sundering took place on the date you specified.

 

[flecc]

When a marriage breaks up do you count the day that the decree nisi is published in the court gazette or the day when the woman left on separation, closed the bank account and went into the battered wives home?.

The day they married, that was the origin of the mess.

de Gaulle was right, Britain should never have been allowed to join the EU to be so destructive.
.

 

[Jesus H Christ]

OK.. Anything to give my head peace . The formal sundering took place on the date you specified.

Good man. You’re my best friend again and I love you.