Member Info for nomlungu

It is as bad as the video portrays; even the official stats are terrible, and they are manipulated numbers, manipulated by people who know a failure to deliver can result in the death penalty on corruption charges.

Watch out for rising stock levels in companies reporting here / the US or EU. And early widespread sales in the lead up to the festive season. I think many companies are sitting on too much stock ordered much earlier this year when prolonged shipping times made buyers order earlier than they would normally. Now with a recession looming and too much stock, smaller orders will be placed later next year and Chinese factories will shutter from lack of demand.

It would not surprise me if Xi declares he has beaten Covid in time to save the next Chinese New Year in an attempt to kick a bit of life into the local economy, but that will just cause millions of elderly deaths. Or, if unrest around the housing crisis increases, he may even clamp down further, using Covid as an excuse. Yes - fence sitting as it could go either way. But things are going to change...

I walked from Ballater to Aboyne many years ago... so many wasps made the walk a bit trying at times.

The "moaners" must be having a party to celebrate the money they have not personally lost [and might have saved others who read their sceptical posts and did further research.

Mullins58 proudly posted in his passive-aggressive way that I had been filtered by him back when the share price was over a penny. Had been more receptive to unwelcome messages he could be investing now for the first time and getting 1500% more shares for his money.

#reality_check

And GOV Have kindly guaranteed that us mugs will pay top $ for the gas that the suppliers have bought on forward contracts at inflated profits. The gas supply companies should have been left to go bankrupt and then nationalised as the 'price cap' is actually consumers bailing out the supply companies.

If your local baker bought 6 months flour when there was a temporary shortage when others were trying to secure ridiculous amounts of flour, would GOV 'subsidise' the expensive bread for the next 6 months or let the baker go out of business as a competitor could sell bread cheaper?

#CONned

Interesting article about bioengineering on a cell scaffold - a bit like what D-Cell was promising years ago. Science is slowly getting closer:

https://www.thedailybeast.com/artificial-hearts-for-transplant-could-be-here-sooner-than-we-think?ref=home

Virgin ISA 4.36% [2 years, 90 day penalty on withdrawals]
Vanquis 2 year bond 5% [no withdrawals]

Get the best rate you can for the cash you do not need for the foreseeable future.

Gazz,

There is no point in responding to a troll like Jake who believes Freedom of Speech comes without responsibility to exercise that freedom with responsibility and respect - responding just gives him the pleasure of having wound someone up. He would never act like this in public as he knows he would end up in A&E; a typical internet coward.

Either filter, report, or both.

'The layoffs come as Meta struggles with growing losses and as it invests heavily in developing its metaverse business. Its shares have fallen 73% this year.'

73% down so far this year - like a dodgy AIM share.

The idea that nurses cannot be paid more so need to go to food banks whilst the CONservative voting base should get free money to pay mortgages is ridiculous; if they were to adopt the policy, I can only hope for rioting in the streets.

"Twitter Now Asks Some Fired Workers to Please Come Back"

https://www.bloomberg.com/news/articles/2022-11-06/twitter-now-asks-some-fired-workers-to-please-come-back

#idiots

GOV continuing to prop up housing - so much for a libertarian free-market loving government. How will the market ever correct itself if they keep interfering?

The Black Belt barrister has his say

https://www.youtube.com/watch?v=UtfULgYBffA

Nationwide not optimistic either: "UK House Prices Could Fall 30%, Nationwide Warns"

https://www.bloomberg.com/news/articles/2022-11-03/nationwide-cfo-says-uk-house-prices-could-fall-30-in-worst-case

'Wells are running dry in drought-weary Southwest as foreign-owned farms guzzle water to feed cattle overseas'

https://edition.cnn.com/2022/11/05/us/arizona-water-foreign-owned-farms-climate/index.html

An ever-growing problem, creating more demand for PREtec products that have been shown to reduce losses caused by drought stress.

Troajan,

You might have been hearing toxic mortgage debt as opposed to total toxic debt... the local GOVs in China are in deep financial trouble that has been made much worse by Covid shutdowns. We cannot get straight talking from our GOV when only their jobs are on the line; in China it is sometimes the politicians heads that are on the line, so they are even less likely to tell the whole truth and nothing but the truth.

In 2016 the NYT speculated that toxic debt in China could already have been $5 trillion then. Nearly 7 years later, it could be far worse. It is not only mortgage debt - local GOV has borrowed to the hilt to finance growth to satisfy targets imposed by The Communist Party leaders.

And now that the property dance has stopped, the house of cards is buckling - local GOV in China made 20 to 40% of total income last year from land sales, and they can no longer sell anywhere near that much.

https://www.nytimes.com/2016/02/04/business/dealbook/toxic-loans-in-china-weigh-on-global-growth.html

https://www.reuters.com/world/china/fall-chinas-13-trln-land-sales-test-local-finances-economy-2021-10-07/

Interesting article

https://cen.acs.org/business/start-ups/CENs-2022-10-Start-Ups-Watch/100/i39

I found the info bout Micropep Technologies the most interesting; peptides are the next BIG thing in agri tech.

https://www.micro-pep.com/

Trek,

Your FT link about Facebook and the GOV wanting to end end-to-end encryption to prevent pedos / fraud etc. You would think that they would be wise enough to realise that banking etc would not work without encryption.

#fools

Troajan,

I think that when the bottom fell out of the Chinese domestic market with the collapse of Evergrande / their housing industry, output was sucked up by the Western World where demand boomed after the worst of Covid passes. But now the Western World is heading for a deep recession, and the Chinese domestic market is even more fragile.

There could be much further down to go, and there will be many setbacks on the road back up. Friend-Shoring / Near-Shoring is also going to increasingly move manufacturing away from China. And the elephant in the room is Africa. The African Union is slowly getting its act together, and you will hear the term 'benefication' used more and more in an Africanised sense. More stuff will be made in Africa instead of just being imported from China, which will be another blow to the Chinese [whose population is rapidly ageing].

Interesting article about ethanol becoming important in India

https://eandt.theiet.org/content/articles/2022/11/view-from-india-flex-fuel-vehicles-could-drive-demand-for-environmentally-friendly-fuel/

The Indian acreage is about 60% of the Brazilian so a large and untapped market.

Musk is crowd sourcing moderation of Twitter

https://help.twitter.com/en/using-twitter/birdwatch

US geofencing at the moment.