Member Info for torquay

Of course the government don't own BOI they only own a percentage - it's the Bank of England that is owned by the UK government. With growth being directed from the EU. Apart from that the politicians do have an input as when Mary Harney insisted that Anglo Irish be sold when the Australians were running it like an English bank and playing with the interest that they charged their customers "whilst they were supporting them" as my bank never tired of telling me all about how they were supporting my business when in fact it was the other way around.

begins with the government owning BOI - appointing and approving the board of Directors - the responsibility for maintaining growth or discipline within the economy, normally assisted by an interest rate policy - in the days when we had interest rates. Politicians will also be responsible OR SOME OF THEM, when it comes to addressing the border issue and how the loyalists are going to be financed. Anyone who believes that this will NOT directly affect the economy in the Republic and the governments need to finance the increased level of benefits that will be needed by our separated brethren or we will never hear the end of how their "human rights" have been affected. No wonder I play golf. Good luck all....

Yes indeed but have been busy these last few days and hard work on the course today so am having an early night because we are having visitors tomorrow so will give them a blast round the West Country South. Not in the humour to swat flies tonight. Good luck..

A new but unfamiliar name appears and calls us Jaded - maybe he's right - looking at his other posts I'd guess he strayed onto here. Unless of course my filter has stopped working... Good luck all - a bit jaded tonight.

The last time that I was in Belfast in March, I got the impression that all was not well so far as the Union is concerned, their were mutterings about austerity and how that would affect their largely parasitic community. The feeling that the best has now passed so far as they are concerned - TM gets a landslide victory, their leverage (votes) would make not the slightest difference when the sheckles are being handed out or the formulation of policy. Strong links exist with Scotland and have been forged with the Republic over the last ten years which they very much want left alone. My guess is that they will be - but that Northern Ireland is going to be asked to shoulder more of its own burden which will actually benefit them over the long run. They are an ingenious and enterprising people who only lack encouragement to achieve an improvement in their situation. The North does however contain quite a number of "under achievers" who will still expect to be looked after as they always have been or they could become an even bigger problem. If closer ties are to be forged with the Republic this handicap will have to be borne in mind and policy developed to ween them off their dependancy. Who would you see over here as being supportive to their situation ?? and Unionist Party indeed... Good luck all.

No need for congratulations, I didn't vote for them and never have - my father spent his life out of step and I see no reason to be any different. You must have gathered from my posts over the last four years at least, that I am no fan of mere politicians who simply serve their time in parliament and vote whichever way they are told. Then there are the others who make fortunes whilst appearing to do very little in return for large wads of wonga. I'm thinking of Boris and young George particularly who seem to be able to earn at least 600K a year in their spare time. Meanwhile Rome is burning. Now that other thing - you really must try the filter, because it makes nuisance postings disappear and seems also to delete all earlier postings from the same source. Certainly solves the problem of "Barmy from Ballydehob". Re-read my earlier post and must be developing a fat finger. Have a good weekend.

Pressed the filter button - It doesn't use stop nuisance postings - it deletes them.

Pay no attention Radar - when he's harrowed what we have ploughed !!! Still very nice to see the lift - maybe the sentiment is moving our way, along with J P Morgan and others who I'm told are off to Frankfurt. Obviously they are making an each way bet... Good luck all - I'm painting my fence before viewing starts.

I hear from the academic branch of the family that opinion is still being canvassed in London concerning the "Way Forward". Seems about right really - take the decision - then discuss your current position to see if a policy objective can be achieved. Some of the opinions expressed by the Emeritus Branch left my correspondent wondering if Doctorates and chairs had simply been handed out in payment for "services rendered". One even suggested that Ireland might join the Commonwealth as a way of solving the border question. Latest economic data today seems to bare out my earlier post when I spoke about the country being on borrowed time so far as growth is concerned. Nuff said - enjoy the weekend.

And the share rises as well - what is not to like - just as long as they do not get too excited over there with the economy recovering. A second bout of out of control speculation and the banks will control the economy - taking control of proper businesses and running them into the ground by attempting to run them on "modern management lines" when even the soap is rationed. We learnt a very sorry lesson over here from our Masters of The Universe, all our Brexiteers think that the problems are resolved once the borders are closed and the drawbridge is in working order again. Enjoy it while you can and good luck..

Roughly 25% more shares bought today than were sold - Market Cap 7.9 BLn is up a touch - uncrossing trade is positive - all in all this is steady as we go surely. In all the circumstances at the moment, Political uncertainty being the principal concern after the last result here, Dave and George disappeared but were replaced by Boris and the resurrection of Bill Cash and the other old waxworks in his gang Redwood et al. Am beginning to wonder how fruitful a pilgrimage would be, particularly if it were to somewhere peaceful like Syria - I just feel that a nice peaceful distraction would help to settle my nerves - which is bound to improve my putting. Have a great weekend all and let us hope that there are no more bloody incidents.

Came home today after a beautiful day on the course in ideal conditions - run on the ball, smooth greens and played quite well. Turned on the television and could not believe my ears - the news tonight has been entirely devoted to the tearing up of the Conservative legislation, which established five year terms for whichever party gains power - unless the Conservatives don't agree with it. I think Deadcat had it spot on - The City moving out into Europe has really concentrated minds - all those nice little part time numbers for half a footballers salary, will be hard to oporate when the recipient has first to fly to Frankfurt before he or she can clock on. The current inflation that appears to be tolerated by the government, is probably going to get worse if the present rate of growth in the economy cannot be maintained. This in spite of higher fuel duty being charged at the pumps, for a product currently trading at the same fifty dollars a barrel that it cost nearly forty years ago. What were we paying at the pump then? I frankly do not know what to make of this decision - but if it results in the loss of Boris I shall be delighted and there are a few others that I would not miss either. Problems Problems - In Northern Ireland - in the National Health Service - in Scotland - in The City - and all that is before we look at Brexit - North Korea and the increasing weakness becoming apparent in the economy and then there is the Middle East and its potential to flood Europe with migrants if the Turkish President opens the flood gates. All these problems have to be addressed or lived with - good government is required if the country is not to subside like a deflating balloon at a time when we are told that Europe is booming. Ireland looks blessed indeed from over here and good luck to it whilst our fearless leader is washing her hands like Pilate. Hope everyone had a good Easter.

Amazing confrontation - the best Masters for years and a worthy winner at last.

If your so bored by it why do you read what I post and worst of all repeat it - I have a budgie that can do that.

Interesting exchange of views today with the usual interference from Ballydehob - I keep waiting for a pearl but alas only steam appears. Have just finished enjoying the Masters so it's off to the blankets for me - another beautiful day here and large crowds on the front spending money - maybe they all think that Brexit is not going to happen or they just don't care. Good luck all.

and haven't shaved yet - 2CV I didn't say that the reflation effect would last long and with regard to property prices, whilst they are still not outstanding here - our second property will be in the paper tonight. Must go because it is our Catenian Provincial Tournament today so I must not keep the Rev gentlemen that I will be playing with waiting. Good luck all.

For shareholders when economies are re-flated, as Norman Tebbit used to say, is that companies have the chance to make a profit as they all raise their prices. Unfortunately with so many of them now being foreign owned the profits do not remain in this country only the wages and taxes of the employees. The profits are exported to goodness knows where and this is countenanced because of the risk of the unemployment that would result if these companies were to be bought or moved out of the country. Why did previous governments not re-invest in research and development, or where this takes place, encourage the development of new businesses to create employment instead of allowing so many businesses to become foreign owned like the semi conductor businesses which were so successful - until they were sold.. Nothing like a good rant is there.... At least my golf has improved following a swing change - if only it was the same for the economy. Good luck all.

I am pleased to find that when I fire off a few thoughts it at least causes a ripple on the pond which was also acknowledged by borninusa. There are certain basic facts evident in the economy which are soon going to be impossible to ignore no matter all the warm talk from our politicians. The plain fact is that the country has been living off asset sales both business's and property sales for far too long in order to help in balancing it's books. The days when this country manufactured things and made a profit from selling them seem also to be gone with only limited prospects for getting back into the game, whilst our power generation is still so inadequate. The French and Chinese are going to build a new generation of reactors, or was that the Japanese. If the Chinese reactors are as good as their trains which now lie abandoned Tanzania and other places in Africa God Help Us. The oil which has been so valuable to this country is running out and what is left is becoming increasingly expensive to bring ashore. I would feel much happier about the country's prospects now if the oil wealth had been used more constructively, perhaps to support some of the manufacturing industries or to retrain or re-skill all the workers who were sacrificed when their employment was destroyed in the seventy's and eighties in order that pension funds which had accumulated over the years could be "harvested legally", Phillip Green and Fred the shred were far from being the only ones who paid themselves undeserved dividends or just "borrowed" the money like Robert Maxwell. The fruits of this very short sighted

Now that is a rant - but it does not alter the fact that it is easier to attract investment when you have candidates for employment who want to work and have what my aunt you look for "GOOD COP ON" - some of our young citizens think that the word work is the worst form of four letter word unfortunately.

Excellent rant, expressed in so few words, however I don't see England rejoining the community any time soon - if separation takes place. The relationship has always been difficult for the UK because of their starting point in relation to the ten year economic cycle which oporates in Europe and the five year cycle previously maintained in the UK and the USA. The longer time span which is planned for and maintained by the main engines in Europe, France and Germany imposes a financial discipline which this country has proved it cannot accommodate. It is the governments responsibility to maintain the rate of growth within the economy and admittedly it has become better at it, with the invention of what the American's call "the service industry." QE has contributed to what they are pleased to describe as "the recovery." However once you depart from the "London Bubble" - which spreads quite a long way - you enter the real world particularly down here 250 miles from the capital. Prices are rising almost everywhere and outpacing income - renewed my Road Tax today, it had gone up by 2.5% since the reminder had been printed and sent to me. Filled the car today at .08p per litre more than my last fill. The government is desperate for money and is finding it next to impossible to fund all the Public Services which now provide most of the work down here. Hospitals are closing, Police Stations have closed or are working with reduced numbers where we still have them and the numbers of unemployed young people shows no sign of reducing leaving a large and dependent number of people here who seem to have migrated from elsewhere in the country. Our schools are struggling, as class sizes rise, teachers are being offered bursary's of 25K a year - just to train - because of the difficulty teachers experience when trying to teach the often transplanted and exotic species of youngster who have come to live amongst us. Many of the problems associated with violence recently publicised in Croydon are likely to arise here as these people migrate from the inner cities that Margaret Thatcher was going to pacify all those years ago. And then they voted for Brexit - because it is going to rejuvenate our economy and provide employment for all these bright young things. It is very hard to see how this will be accomplished, more employment is going to be hard to create when we will have businesses closing or moving because they cannot recruit useful employees from the pool of talent available. The good old days have gone and with them the industries and businesses that could mop up some of these people and turn them into useful citizens because they are either closed or owned from abroad. The two youngsters that I met tonight when I donated our old cooker to their mother were unfortunately typical of a system which has failed them and yet they seem happy with their two Pit Bull Terriers.