TOP PICKS IN FRONTIER MARKETS

Top Pick in the Frontier Markets

HSBC bank says Vietnam is its “most preferred” frontier market. A frontier market is one that is more developed than least developed countries, but too small, risky, or illiquid to be classified as an “emerging market” economy.

HSBC says the Southeast Asian nation is “more investable than many think.” Its positive factors including an accelerating inflow of foreign investment, a government focus on infrastructure development, structurally increasing purchasing power, and strengthening banks.

“Profitability, attractive valuations, strong balance sheets and market reforms point to the likelihood of a multi-year bull run.” Inflation is low, the currency is stable and corporate earnings are healthy.

HSBC disagrees with the common perception that Vietnam’s equity market is too small, pointing out that it now has 11 stocks with a market cap of more than $5 billion. It had only two in 2015. Trading now runs close to $1 billion a day.

The government has passed new laws that should reduce restrictions on foreign investors and put Vietnam in line for upgrading to emerging-market status. Covered warrants and other developments are helping overseas investors gain exposure to companies at their foreign ownership limits.

The potential for elevation from frontier to emerging-market class will make Vietnam much more of an investment play for international funds. Saudi Arabia was so reclassified early in 2018. Investors began pricing in that upgrade well ahead of the announcement.

Vietnam’s stockmarket is on the cusp of breaking out to new all-time highs. It has been consolidating below its 2018 and 2007 peaks for the last couple of months and retested the highs a few days ago.

Investing in Euro

Read More

DAVID DAVIS IN DEFENCE OF ALEX SALMOND

https://youtu.be/AJjZPRTEZN8

This post covers three subjects:

The career of David Davis;

The case against Salmond and the Scottish Crown Office attempt to gag hi.;

A new law preventing people living in Scotland from speaking freely in their own homes.

David Davis, 72, is from York and South London and grew up on council estates in a one parent family. His A'level grades were not good enough first time round for a place at University so he joined the Territorials (unit 21: artists) to get money for a second run. He obtained an MBA from a Provincial uni.

Yet he was elected to parliament at the age of 39 and became the Minister for exiting the EU. What a guy!

He had pushed for a two-step referendum on Europe. First asking if people wanted to renegotiate and then putting the deal to the people. 

But he was also the guy that let the EU impose their timetable and failed to do any economic assessments of leaving.

In spite of this really brilliant speech, and her being found guilty of misleading parliament, voters will still keep Sturgeon as First Minister. 

No-one in England has any idea what is really going on up in Scotland - the wokeness, the collusion between SNP, civil service and crown prosecutors.

The Crown Office in Scotland (the Crown Prosecution, the Attorney General in the States) is currently (19 March 2021) attempting to remove Salmond's testimony from the Internet with legal action threatened against the Spectator and Guido Fawkes. It's an attack on democracy. Here is the spectator comment.

I can't believe the latest bill just voted through. You can no longer say what you think in your own home. This must get Davis' goat too.

Read More

THE EU IS ON THE ROPES

At the national levels, most reasonable people wait patiently to be vaccinated, but the EU and its net of national officials is driven by spite.

Thus, decisions are made and reversed, and there is much argument and muddle.

This is the third muddle in as many months - they closed the border within Ireland, they ruled the vaccine unsuitable for the over-65s, now they say it causes thrombosis. Each time, emotion is overcome and facts prevail.

But each dither costs tens of thousands of lives and billions of euros.

The Commission is raw and bitter at Brexit. Its heartfelt plan for a US of Europe is proving, after 70 years, to be a utopian illusion. The Brexit rejection has wounded their self-love. The UK streaking ahead has made them very afraid. Muddle after muddle is confusing them. They are reeling.

I think Brexit has bewildered the Commission and Barnier.

As with mixed-up people, conflicting objectives - one rational, one emotional - cause upset and indecision and turning in a circle. It is a form of denial and an expression of an immature ego.

Eventually, the EU will get real or it will collapse. You have to face and accept Brexit. You must work with your neighbour. You need to see and deal with this pandemic.

Wake up ! Get real !! Deal with life !!!

Read More

FEEL SORRY FOR THE EU

Look, feel sorry for the EU. After accusing Britain of snaffling their supplies, then advising against the AZ for over 50s, now they say this AZ vaccine causes blood clots.

They are hurt by the

UK leaving them and they are scared by covid and the vaccine and they are as usual hopelessly split on all major issues of the day.

They are overrun with emotionalism and cannot get anything right or hold the line on a single decision of any importance.

They are a nursery full of babies all throwing their rattles out of the pram at the same time.

They lost an important stabilising influence when the UK left. 

Feel sorry for their peoples', but worry about all the mutants that can now start emerging from the continent,  some of which may have the capability of overcoming our newly-primed immune systems.

Read More

ASPERGER'S

David Byrne. As an older adult, he realised he had Asperger's, stating that music was his way of communicating when he felt he couldn't do it face to face.

His father used his electrical engineering skills to modify a reel to reel so that his son David could make multi track recordings. 

What I know is that everywhere he went he picked up pieces and made things. You couldn't stop his mad creations from fragments of his reality. It is a special skill and an obsessive focus, unconcerned with other people. It's  more a difference than a disease. 

My best friend in Qatar was Asperger's. Very sharp. The sharpest knife in the drawer. But only one knife for one meat. I took him by the shoulder of his suit and directed him across the fast roads. A highly addictive: an alcoholic who didn't drink any more; a smoker who didn't smoke; 20 cups of coffee a day; 20 cans of coke.

WHAT IS ASPERGERS?

It's at the shallow end of autism. So troubles with interacting socially.

https://youtu.be/B0jMPI_pUec

https://youtu.be/O52jAYa4Pm8

Read More

JETHRO TULL

https://youtube.com/playlist?list=OLAK5uy_kRzeRTRJOWwDPnF5kMuMBU4dLIUByQs14

https://youtu.be/hAt1b21S97k

And the most famous:

https://youtu.be/B0jMPI_pUec

Read More

IS DISCUSSING SKIN COLOUR RACIST TALK?

I can't see anything wrong with speculating on the colour of the next one's skin, or you may chat about whether its hair will be red, or will it have big ears like Charles? Nothing wrong with that.... anyone who says to the contrary has just got the dirty journalist mind of a little racist looking to plump up hits

.... no?

Read More

ONE NATION TORYISM AT ITS BEST

The SNP has corrupted political life in Scotland. The system is fine, the personalities have corrupted it. 

"Levelling-up" of the economy is a positive response to address the root cause of regionalism. 

Levelling up socially socially is also needed to recognise and treat the extent of delinquency amongst the people of Scotland in certain districts (such as Glasgow). 

We can say two things: areas of high delinquency (drug abuse, poor health, low educational achievement, sub-standard housing...) are also areas of high support for the SNP; the SNP are in power and have been for ten years but have been focusing on independence instead of tackling the real problems of the people. 

Hence the injection from Westminster of big money directly into the heart of these communities to redress the root causes of the economy and the people in fact. 

This is bottom-up, practical One-Nation Toryism at its best. 

Read More

WHY HAVE GROWTH COMPANIES TANKED?

WHY HAVE GROWTH COMPANIES TANKED

The "growth" is growth in earnings. Tremendous growth in earnings were and still are expected.

Analysts mostly value companies using the idea that if you can sum all future earnings, you've got the value of the company.

Except as £100 today is worth more than £100 next year you should apply a discount to those earnings to know what they're worth in today's money. 

And that discount rate is linked to ... inflation (up inflation, up interest rates, up discount rate).

So suddenly those companies are worth less.

But hey, not 25% less! And hey, this inflation everyone fears ... there aren't any signs and won't be for a couple of years if at all, according to the Fed.

Inflation comes from squeezing the output gap - post-covid, stimulus-inspired increase in demand will mean pressure on supply, pushing up prices.

So sounds like markets have been freaked and cool-headed investors would not be so panicked.

We'll see next week ... 

Read More

I'M JABBING, IM JABBING

JABBING, I'M JABBING

The vaccine gets your immune system ready so should you encounter the virus you have a much better chance of overcoming it. It reduces the symptoms, hopefully to zero.

You may still be carrying some virus so in theory could infect others. But chances are vanishingly small. There's not enough data yet to answer this, nor how long immunity lasts, but the UK has been vaccinating since 8 December 2020 and six million people almost have had the jab.

My guess is immunity lasts at least five months, because that is what they've found with immunity after fighting off a real virus attack.

And of course, no long covid with the vaccine. Long covid puts 30% of those hospitalised, back in hospital within five months and kills an eighth.

The lesson as I see it is to get on and vaccinate all residents and once you get to 70%, you can consider the threat over, herd immunity reigns, and can then re-open the economy.

But! Attention mutant strains!! Even when your own people are vaccinated, be strict with new entrants by insisting on proof of their own vaccination and a PCR test or equivalent.

Once the vaccination program is up and rolling, next steps are to get the workforce ready for work and to upgrade the infrastructure, especially the tourist infrastructure. Everyone's dying to go on holiday, but the competition is rude :

Top holiday destinations for 2021:

1. Maldives

2. Mexico

3. Thailand

4. Turkey

5. Spain

6. USA

7. Malta

8. Portugal

9. Mauritius

10. South Africa.

Not to mention your neighbours, especially Vietnam.

Now, all this takes enormous sums of money. Care on how it is raised as - believe your creditors - it must be repaid if you are to survive as a sovereign state.

There are no short-cuts, no point in trying to be clever or partisan, just get on down and dedicate yourself to the welfare of the people, hi-so, low-so, not-so, north, south, central, everyone included please. It's for your own good.

Good luck everyone! See you all soon my friends!!!

JABBING, I'M JABBING

 วัคซีนทำให้ระบบภูมิคุ้มกันของคุณพร้อมดังนั้นหากคุณพบไวรัสคุณจะมีโอกาสเอาชนะได้ดีกว่ามาก  จะช่วยลดอาการหวังว่าจะเป็นศูนย์

 คุณอาจยังคงมีไวรัสอยู่ดังนั้นในทางทฤษฎีอาจทำให้ผู้อื่นติดเชื้อได้  แต่โอกาสเป็นไปได้น้อยมาก  ยังไม่มีข้อมูลเพียงพอที่จะตอบคำถามนี้และภูมิคุ้มกันจะอยู่ได้นานแค่ไหน แต่สหราชอาณาจักรได้ฉีดวัคซีนตั้งแต่วันที่ 8 ธันวาคม พ.ศ. 2563 และมีผู้คนราวหกล้านคนเกือบจะมีการกระทุ้ง

 ฉันเดาว่าภูมิคุ้มกันคงอยู่อย่างน้อยห้าเดือนเพราะนั่นคือสิ่งที่พวกเขาได้พบกับภูมิคุ้มกันหลังจากต่อสู้กับการโจมตีของไวรัสจริง

 และแน่นอนว่าไม่มีโควิดยาวกับวัคซีน  โควิดยาวทำให้ 30% ของผู้ที่เข้ารับการรักษาในโรงพยาบาลกลับเข้าโรงพยาบาลภายในห้าเดือนและคร่าชีวิตคนที่แปด

 บทเรียนตามที่ฉันเห็นคือการเข้าไปฉีดวัคซีนผู้อยู่อาศัยทุกคนและเมื่อคุณได้ถึง 70% คุณสามารถพิจารณาภัยคุกคามที่เกิดขึ้นภูมิคุ้มกันฝูงขึ้นครองราชย์และจากนั้นสามารถเปิดเศรษฐกิจใหม่ได้

 แต่!  สนใจมนุษย์กลายพันธุ์ !!  แม้ว่าคนของคุณจะได้รับการฉีดวัคซีนก็ตามให้เข้มงวดกับผู้ที่เข้ามาใหม่โดยยืนยันหลักฐานการฉีดวัคซีนของตนเองและการทดสอบ PCR หรือเทียบเท่า

 เมื่อโปรแกรมการฉีดวัคซีนเริ่มดำเนินการแล้วขั้นตอนต่อไปคือการเตรียมพนักงานให้พร้อมสำหรับการทำงานและการอัพเกรดโครงสร้างพื้นฐานโดยเฉพาะโครงสร้างพื้นฐานสำหรับนักท่องเที่ยว  ทุกคนกำลังจะไปเที่ยวพักผ่อน แต่การแข่งขันนั้นยากมาก:

 จุดหมายปลายทางยอดนิยมสำหรับวันหยุดปี 2021:

 1. มัลดีฟส์

 2. เม็กซิโก

 3. ประเทศไทย

 4. ตุรกี

 5. สเปน

 6. สหรัฐอเมริกา

 7. มอลตา

 8. โปรตุเกส

 9. มอริเชียส

 10. แอฟริกาใต้

 ไม่ต้องพูดถึงเพื่อนบ้านของคุณโดยเฉพาะเวียดนาม

 ตอนนี้ทั้งหมดนี้ใช้เงินมหาศาล  ดูแลว่ามันถูกเลี้ยงดูอย่างไร - เชื่อเจ้าหนี้ของคุณ - จะต้องได้รับการชำระคืนหากคุณจะอยู่รอดในฐานะรัฐอธิปไตย

 ไม่มีทางลัดไม่มีประเด็นในการพยายามทำตัวฉลาดหรือเข้าข้างเพียงแค่ลงและอุทิศตัวเองเพื่อความผาสุกของประชาชน  hi-so, low-so, the not-so.  กรุณารวมทุกคนด้วย  รวมคนเหนือคนใต้คนกรุงเก่าสยาม.  ด้วยค่าใช้จ่ายของคุณ  เพื่อประโยชน์ของคุณเอง

 โชคดีนะทุกคน!  เจอกันเร็ว ๆ นี้ครับเพื่อน !!!

Read More

WHICH WAY FREEDOM OR SECURITY?

FREEDOM OR SECURITY?

At this stage in the debt cycle, the government directs the previously independent central bankto print money, without issuing collateral, which it then distributes directly to citizens.

(Previously, the central bank was buying financial assets under QE programs.)

This means the government can organise and  control people's lives directly. It can play an even bigger part in people's lives. It is a controlling force. That is its nature.

I see the driver here as debt. It is debt that is giving the government the power to control our lives. Covid is a profoundly important trigger.

I dont think exiting covid will return freedom as much as we hope, because the debt pile is that much bigger, giving government the power to direct society (which is us) as it politically chooses.

This is why Boris' government is not so partisan. We think an election brought down the red wall. Actually, it was a move to a more inclusive and totalitarian society. I dont see Labour as The Opposition, they are quite tame supporters of The Government.

In a nutshell, get rid of the debt-dependence to see a return of freedom, which is what Angl-Saxon culture values over continental security.

And final point: obviously the government cannot withdraw money from this troubled economy through taxes or cost-cutting, so to restore some freedom, that only leaves hyperinflation to burn off the debt. I cannot see right now how that will be engineered ...

Read More

PROFESSIONAL QUALITIES

PROFESSIONAL QUALITIES

It will be fine.

If we can concentrate on the practical, technical details of creating this blog. We are in THE TECHNICAL PHASE

What qualities must you possess to succeed this phase?

1. BROAD UNDERSTANDING - perspective

You must see that there is more to having your own blog than simply having "ideas" and writing posts.

You need to see how your blog works "under the hood" so that you can truly express yourself and your style.

2. ENJOY SOLVING PUZZLES - persistence

There are lots of little frustrations when you are setting up any system - including creating a blog.

You need to be patient and persistent. Never give up till you have solved the problem. You have to endure a lot of stress and repeated failure, before finally getting it right.

3. LIFE LONG LEARNING - grow

Life is about change. Change means adaption. That means learning new skills, making new arguments, bringing new tools.

You need to learn a new skillset to build a blog. If you can see that, then the door is open.

4. GOOD COMM - interpersonal skills

As you must work with other people, from other disciplines, so you must be able to understand and respect their perspective and values.

Be interested in making yourself understood in simple words, not try to impress with your own deep knowledge, but listen to the other and "echo" rephrase what they've said to be sure you've understood.

5. SPEAK UP! - confidence

As there are many roads to Mecca, so there are many ways to solve a problem.

Speak up, say what you think. Start with small suggestions, questions even, so you can find your place in the group. As your experience and respect grows, so you will propose bigger and bigger design solutions and even new concepts. But not at the beginning, at the beginning listen and maybe follow.

6. UNDERSTAND - curiosity

You learn how to do things, but be very interested in the why. If you are interested to discover the way the other person's business works, better you can support and advise.

7. TEAM SPIRIT - joint effort

With the different strengths and abilities of others, with the repartition of the work into different tasks for different people, success comes when all the contributions are reassembled like a big jigsaw puzzle.

See the strengths and abilities of others and try to understand and respect the differences.

8. DEADLINES - bring it in on time

Deadlines are usually imposed by "the real world" or sometimes worked out within the team in planning sessions.

If you agree to a deadline, after thinking / negotiating about it, then stick to it.

9. ADAPTABILITY - temporary or permanent change of plan

Contexts evolve, new requirements, it requires subtle and agile mindset to adapt to and include. 

If its temporary, leave notes to pick up from where you left off. If permanent change, you will need time to understand the new situation. Adapt, swing into the change, without getting frustrated, emotional or angry.

10. LIFECYCLE OWNERSHIP - follow through

From conception, to design, build, test, train, deploy, debug, decommission even. Your expertise from one phase may be useful in the next.

Offer your services to get the thing through the next phase.

คุณสมบัติระดับมืออาชีพ

 มันจะไม่เป็นไร.

 หากเราสามารถมุ่งเน้นไปที่รายละเอียดทางเทคนิคที่เป็นประโยชน์ในการสร้างบล็อกนี้  เราอยู่ในขั้นตอนทางเทคนิค

 คุณต้องมีคุณสมบัติอะไรถึงจะประสบความสำเร็จในช่วงนี้

 1. ความเข้าใจในการสื่อสาร - มุมมอง

 คุณต้องเห็นว่าการมีบล็อกของตัวเองมีอะไรมากกว่าการมี "ไอเดีย" และการเขียนโพสต์

 คุณต้องดูว่าบล็อกของคุณทำงานอย่างไร "ภายใต้ประทุน" เพื่อให้คุณสามารถแสดงออกถึงตัวตนและสไตล์ของคุณได้อย่างแท้จริง

 2. สนุกกับการแก้ปริศนา - ความพากเพียร

 มีความไม่พอใจเล็กน้อยมากมายเมื่อคุณตั้งค่าระบบใด ๆ รวมถึงการสร้างบล็อก

 คุณต้องอดทนและอดทน  อย่ายอมแพ้จนกว่าคุณจะแก้ปัญหาได้  คุณต้องอดทนต่อความเครียดมากมายและความล้มเหลวซ้ำ ๆ ก่อนที่จะทำให้มันถูกต้องในที่สุด

 3. ชีวิตการเรียนรู้ที่ยาวนาน - เติบโต

 ชีวิตคือการเปลี่ยนแปลง  การเปลี่ยนแปลงหมายถึงการปรับตัว  นั่นหมายถึงการเรียนรู้ทักษะใหม่การโต้แย้งใหม่การนำเครื่องมือใหม่ ๆ

 คุณต้องเรียนรู้ชุดทักษะใหม่เพื่อสร้างบล็อก  ถ้าคุณเห็นนั่นแสดงว่าประตูเปิดอยู่

 4. GOOD COMM - ทักษะความสัมพันธ์ระหว่างบุคคล

 เนื่องจากคุณต้องทำงานร่วมกับผู้อื่นจากสาขาวิชาอื่น ๆ ดังนั้นคุณต้องสามารถเข้าใจและเคารพมุมมองและค่านิยมของพวกเขา

 สนใจที่จะทำให้ตัวเองเข้าใจด้วยคำง่ายๆอย่าพยายามสร้างความประทับใจให้กับความรู้ที่ลึกซึ้งของตัวเอง แต่ฟังอีกฝ่ายและ "สะท้อน" สิ่งที่พวกเขาพูดเพื่อให้แน่ใจว่าคุณเข้าใจ

 5. ความมั่นใจ - พูดขึ้น!

 เนื่องจากมีถนนหลายสายไปยังนครเมกกะจึงมีหลายวิธีในการแก้ปัญหา

 พูดขึ้นพูดในสิ่งที่คุณคิด  เริ่มต้นด้วยคำแนะนำเล็ก ๆ คำถามแม้กระทั่งเพื่อให้คุณพบสถานที่ของคุณในกลุ่ม  เมื่อประสบการณ์และความเคารพของคุณเติบโตขึ้นดังนั้นคุณจะเสนอโซลูชันการออกแบบที่ใหญ่ขึ้นและใหญ่ขึ้นรวมถึงแนวคิดใหม่ ๆ  แต่ไม่ใช่ตอนเริ่มต้นฟังแล้วอาจจะทำตาม

 6. ทำความเข้าใจ - ความอยากรู้อยากเห็น

 คุณเรียนรู้วิธีการทำสิ่งต่าง ๆ แต่สนใจในเหตุผล  หากคุณสนใจที่จะค้นพบวิธีการทำงานของธุรกิจของบุคคลอื่นคุณสามารถสนับสนุนและให้คำแนะนำได้ดีกว่า

 7. Team SPIRIT - ความพยายามร่วมกัน

 ด้วยจุดแข็งและความสามารถที่แตกต่างกันของผู้อื่นด้วยการแบ่งงานใหม่ให้เป็นงานที่แตกต่างกันสำหรับคนที่แตกต่างกันความสำเร็จจะเกิดขึ้นเมื่อการมีส่วนร่วมทั้งหมดถูกประกอบขึ้นใหม่เหมือนตัวต่อขนาดใหญ่

 ดูจุดแข็งและความสามารถของผู้อื่นและพยายามเข้าใจและเคารพความแตกต่าง

 8. DEADLINES - นำมาให้ตรงเวลา

 โดยปกติกำหนดเวลาจะกำหนดโดย "โลกแห่งความเป็นจริง" หรือบางครั้งอาจเกิดขึ้นภายในทีมในการวางแผน

 หากคุณยอมรับกำหนดเวลาหลังจากที่คิด / เจรจาเกี่ยวกับเรื่องนี้แล้วให้ปฏิบัติตาม

 9. ADAPTABILITY - การเปลี่ยนแปลงแผนชั่วคราวหรือถาวร

 บริบทมีวิวัฒนาการข้อกำหนดใหม่ต้องใช้ความคิดที่ละเอียดอ่อนและว่องไวในการปรับตัวและรวมเข้าด้วยกัน

 หากเป็นเพียงชั่วคราวให้ทิ้งโน้ตไว้เพื่อรับจากจุดที่คุณค้างไว้  หากมีการเปลี่ยนแปลงอย่างถาวรคุณจะต้องใช้เวลาในการทำความเข้าใจสถานการณ์ใหม่  ปรับตัวเข้ากับการเปลี่ยนแปลงโดยไม่หงุดหงิดอารมณ์หรือโกรธ

 10. การเป็นเจ้าของ LIFECYCLE - ทำตาม

 ตั้งแต่ความคิดไปจนถึงการออกแบบสร้างทดสอบฝึกอบรมปรับใช้แก้ไขจุดบกพร่องแม้กระทั่ง  ความเชี่ยวชาญของคุณในระยะหนึ่งอาจมีประโยชน์ในครั้งต่อไป

 เสนอบริการของคุณเพื่อรับสิ่งนี้ตลอดระยะต่อไป

QUALITÉS PROFESSIONNELLES

 Ça va aller.

 Si nous pouvons nous concentrer sur les détails pratiques et techniques de la création de ce blog.  Nous sommes en PHASE TECHNIQUE

 Quelles qualités devez-vous posséder pour réussir cette phase?

 1. LARGE COMPRÉHENSION - perspective

 Vous devez voir qu'il y a plus à avoir votre propre blog que d'avoir simplement des «idées» et d'écrire des articles.

 Vous devez voir comment votre blog fonctionne «sous le capot» afin de pouvoir vraiment vous exprimer et exprimer votre style.

 2. PROFITEZ DES PUZZLES DE RÉSOLUTION - persistance

 Il y a beaucoup de petites frustrations lorsque vous configurez un système, y compris la création d'un blog.

 Vous devez être patient et persévérant.  N'abandonnez jamais tant que vous n'avez pas résolu le problème.  Vous devez endurer beaucoup de stress et des échecs répétés avant de réussir.

 3. APPRENTISSAGE LONG À VIE - grandir

 La vie est une question de changement.  Le changement signifie l'adaptation.  Cela signifie acquérir de nouvelles compétences, présenter de nouveaux arguments, apporter de nouveaux outils.

 Vous devez acquérir de nouvelles compétences pour créer un blog.  Si vous voyez cela, la porte est ouverte.

 4. BON COMM - compétences interpersonnelles

 Comme vous devez travailler avec d'autres personnes, d'autres disciplines, vous devez être capable de comprendre et de respecter leur point de vue et leurs valeurs.

 Soyez intéressé à vous faire comprendre avec des mots simples, n'essayez pas d'impressionner avec vos propres connaissances profondes, mais écoutez l'autre et "écho" reformulez ce qu'il a dit pour être sûr que vous avez compris.

 5. CONFIANCE - parlez!

 Comme il existe de nombreuses routes menant à La Mecque, il existe de nombreuses façons de résoudre un problème.

 Parlez, dites ce que vous pensez.  Commencez par de petites suggestions, des questions même, afin que vous puissiez trouver votre place dans le groupe.  Au fur et à mesure que votre expérience et votre respect grandissent, vous proposerez des solutions de conception de plus en plus grandes et même de nouveaux concepts.  Mais pas au début, au début écoutez et suivez peut-être.

 6. COMPRENDRE - curiosité

 Vous apprenez à faire les choses, mais soyez très intéressé par le pourquoi.  Si vous êtes intéressé à découvrir le fonctionnement de l'entreprise de l'autre personne, mieux vous pouvez soutenir et conseiller.

 7. TEAM SPIRIT - effort conjoint

 Avec les différentes forces et capacités des autres, avec la répartition du travail en différentes tâches pour différentes personnes, le succès vient lorsque toutes les contributions sont rassemblées comme un grand puzzle.

 Voyez les forces et les capacités des autres et essayez de comprendre et de respecter les différences.

 8. DÉLAIS - apportez-le à temps

 Les délais sont généralement imposés par «le monde réel» ou parfois établis au sein de l'équipe lors des séances de planification.

 Si vous acceptez une date limite, après y avoir réfléchi / négocié, respectez-la.

 9. ADAPTABILITÉ - changement temporaire ou permanent de plan

 Les contextes évoluent, les nouvelles exigences, il faut un état d'esprit subtil et agile pour s'adapter et inclure.

 Si c'est temporaire, laissez les notes reprendre là où vous vous étiez arrêté.  En cas de changement permanent, vous aurez besoin de temps pour comprendre la nouvelle situation.  Adaptez-vous, passez au changement, sans être frustré, émotif ou en colère.

 10. PROPRIÉTÉ DU CYCLE DE VIE - suivi

 De la conception à la conception, à la construction, au test, à la formation, au déploiement, au débogage, à la mise hors service même.  Votre expertise d'une phase peut être utile dans la suivante.

 Offrez vos services pour faire passer la chose à la phase suivante.

Read More

SCOTLAND SALMOND AND STURGEON

SCOTLAND SALMOND AND STURGEON

Noone is able to understand this disgraceful abuse of justice and UK resources. Nobody outside Scotland seems to care. Boris's visit last week went unreported. 

All the rest of the UK is interested in knowing is how to stop this preposterous waste of UK money, how to stop Scotland humiliating itself In this way and how to get Scotland back on its feet.

Scotland is dying in front of our eyes and Westminster does nothing for its people. What? Scotland needs a competent and credible opposition to these lunatics. Sturgeon cares o ly about power and lesbian rights, while Scotland burns.

All I personally need to know is that Sturgeon is at the centre of this, she is the local leader, she is responsible for this utter fiasco and the UK PM needs to remove her using a long pair of pinchers.

Read More

EU PUNISHMENT IS SELF DESTRUCTIVE

EU PUNISHMENT IS SELF DESTRUCTIVE

Just take a look at EU comments over the last five years. They say what they believe and we Should believe what they say.  Fundamentally UK failure is the stated aim and that was before the vaccine row which has obviously angered some EU elements to their very core.

The UK must raise its game by a considerable amount.  More research, better patent laws, better education,  better strategic thinking, better tactical implementation, more import substitution, sort out and support the steel industry and provide local coking coal, sort out nuclear power, make things and bring production back on shore and actual government support of the productive economy.  

The list is endless and the managed decline will not cut it. The skills and expertise lost by the UK is a disgrace.  Once, UK had no problem running a highly successful nuclear power generation programme, now it waits on the French to get their act together and cannot even keep the Japanese on side.  Not good enough and the governments of all colours and their advisers have much to answer for.

The UK can do much much better. The vaccine programme and subsequent rollout is a triumph and if that is one world beating programme there can be more.

The UK has talent, it has skills and as importantly it is a real democracy with a common law legal system and reliable accounting and regulation. They flock to London to finance their operations and resolve their disputes.

And for the most part a population of individuals who think common sense is a good way to make judgements (peace to the idiotic juvenile Woke).

The EU in administrative terms is poor, its legal system appears restrictive and inflexable and the UK can beat them hands down if it so decides.  The only real problem is political parties who are keener on ego trips infighting and spending, rather then wealth generation 

And stop passing laws which slow decisions and add to the costs of any enterprise and stop this absurd and suicidal drive to be politically correct, the other side is not so easily offended. 

The EU have made their position clear on NI and the City with the aim of making the UK poorer and reduced in stature in the world. But the UK can perfe tly make that approach counter-productive for them and Brexit really does give the UK the option to shine!

Read More

HOW DID WE GET ALL THIS DEBT?

HOW DID WE GET ALL THIS DEBT? IS IT A PLOT BY THE RICH? 

The debt is destroying the currency with signs of inflation all around us. 

In the beginning, you had repayment mortgages on three times annual income. Then it was falling interest rates and extended pay back terms. Then it was interest-only loans. Then no-checking loans to include "the poor" income ownership.

That ended with The Minsky Moment and sub-prime crisis.

We set off again with QE, central banks bought govt bonds, further depressing the cost of borrowing and making the rich richer.

That ended with The Left Behind and negative interest rates.

Now we're off to the races again for a third time, with governments instructing independent  central banks to print and distribute free money directly to the people. Call it furlough or 3,000$, it is real helicopter money.

This will end with govt taking over whole swathes of the economy to run directly and finally, under a new perhaps military, ruler with a totalitarian society. 

IS IT THE WORK OF A JEWISH CABAL?

But it's not a globalist objective. It is the way systems work. It is natural centralising forces. 

What conspiracy theorists need to understand is that evolution of systems is blind. There isn't a controller or a global objective. It is bottom-up hand-to-hand fighting that decides little-by-little the change and the dominance.

Read More

THE YOUNG WANT A SAY

THE YOUNG WANT A SAY

Asked about the current political turmoil in Thailand and Myangmar and how he would deal with protesters if he were still in power, Thaksin emphasised the importance of communicating with today's youth.

“Political rallies in Thailand are caused by young people starting to become uncertain about their future. The government must communicate with these young protesters based on reason, as well as find ways to make Thailand open and free.”

"Democracy" is a label for a Western institution. What people everywhere want is a say in determining the future. How that is materialised, we call democracy. It means adult suffrage, separation of religion and state, hustings, periodic elections, a free press, accountability. It requires the rule of law and a functioning, effective, non-discriminatory state. 

Things we in the West take for granted. But in Arab kingdoms, there is majlis. Black African kingdoms are run by powerful heads of family or tribe. Is America run by combines or a power-elite.

What is not acceptable is dictatorship or oligarchy. Tianammen Sq and Yangon will not be forgotten.

Read More

CHIANG MAI OPENING ITS MARKETS

Good news, the night market of Chiang Mai is a major attraction, some great shops, great the Night Market is happening when visitors get the chance to visit that fabulous city. 

Sitting inside the Temple grounds of Wat Chedi and other Temples is a beautiful way to spend the day. And the night market is like one of the great caravan stopping places of ancient times.

In 2019, Chiang Mai welcomed 11 million tourists, with 70% of them being Thai. By contrast, there were only 1 million in 2020. This year’s number is expected to be around 25% of the 2019 figure.

Read More

THE CRASH WILL START IN THE BOND MARKETS

https://www.telegraph.co.uk/business/2021/02/26/fed-has-lost-control-bond-markets-europe-victim/

It's true, it's the usual sensational copy from a most creative hack.

But it's not true that Armageddon is coming. We are told that this is bond traders, sniffing inflation, and goaded by Biden's billions, pulling out prematurely, with yields rising, although the only place to run with the money would ultimately be into stock markets.

So, in terms of actionable advice, the advice is sit tight and even better, buy into the dip.

However, longer term, of course Armageddon is coming: we're in the final phase three of three. First, there was repayment mortgages but to help house the poor, terms were lengthened, you got interest-only loans, then no-checking loans until in 2008 we had our Minsky Moment (poor man died in 1998).

Then came QE where central banks buy up govt debt to provide a ready-buyer, maintain prices and effectively diminish yields, encouraging pensioners to bet their savings on stocks and spend the winnings on holiday cruises. That decade frim2008 was great for markets but now CAPE is saying the party's over.

Finally, along comes covid, threatening to load the boat with debt till it sinks, while govts hand out newly-printed strings-free mostly to small companies and private citizens. (Real helicopter money this time.) Let's get real: it'll never be repaid.

Central banks have been captured by politicians, which is why inflation together with money supply is flashing Red warning lights.

We have Legarde at the ECB , Yellen in the US Treasury, Draghi as Prime minister of Italy. Fact is, there has been a great amount of money digitally created by the govt-centralbank duo and transferred from the state balance sheet(s) to firms & individuals, who are now desperate to spend after being locked up.

UK & US will boom and UK GDP in 21/2 will be 7.3% the only educated person at the bank Haldane gets ridiculed but he is spot on.

EUR on its way to 0.87 v dollar and 0.6770 v Sterling.But globally ? ...

Of course it's going to end badly ... what is anyone thinking about? The output gap will close, labour markets will tighten, technology will fail to bring further productivity gains. Then inflation will grip borrowers and ... we've seen where that goes in Weimer, Zim and Venezuela.

To me, short of war (to destroy oversupply), hyper-inflation is the only way out. It will hit emerging economies as it did in July '97 in the Tom Yam Kung crisis, but there will be a 2008-style credit crisis. We're due a crunch.

Read More

INDEPENDENCE FOR SCOTLAND?

I'd imagine Sturgeon's supporters see her chicanery in the Salmond Inquiry

as proof of her ability to get what she wants.

Westminster can try a direct financial appeal to the forgotten failures of Glasgow and the West who wish for "independence" (what a misnomer!)  It is a clever move to offer direct support to community groups, through which the pro-Union comm can be channeled.

But Westminster should also be surreptitiously withdrawing its assets. Keep the commitment to extend levelling up on paper only.

And the govt in waiting need to urgently show how they will pay their divorce settlement, set up their central bank, manage their new currency; how they will handle the rights of Scots abroad to return and protect English folk living in Scotland; how they will construct the new physical border (or perhaps rehab the existing wall) man it, what processes to run it; what FTA do they set their sights on and how to achieve that (or will WTO terms be acceptable)?

There is no evidence that separatists have thought about any of the real world concerns to do with life as an independent country. Nor have they shown they understand, but reject, the benefits Scotland receives from other regions of the UK - benefits but little in the way of contributions these days, it must be said (compare with Scotland's glorious past).

The quality of supporters of the SNP make it hard to have a reasoned debate. Winning hearts is a real challenge. The EU do it by taking over committees and industrial boards, offering subsidies, strengthening legislation, stuffing them with EU stooges, rewriting charters to follow EU objectives.

If a government admits the idea of "independence" for a region, then it finds itself having to defend inclusion. Not to recommend Spain's handling of secessionists, which was to lock up local leaders on charges of sedition.

Read More

WEE KRANKIE'S REFERENDUM

WEE KRANKIE'S REFERENDUM

And who is going to pay the £20,000,000 cost of Wee Krankie's proposed referendum? Noone can imagine an independent Scotland, even it it were a fit country, which it isn't.

 

If Scottish government Ministers hold an unofficial referendum in breach of the UK constitution, they should be personally surcharged for the cost of it.

 

But the UK government does need an alternative plan for a meaningful vote on Scotland's post-Brexit status. The key to this is to follow the same approach as the EU did with the UK's negotiations; no talks about the referendum itself else until the Scottish government has agreed with the UK:-

 

1. How it would take on and discharge its share of the existing  UK national debt, including the establishment of its own currency and Central Bank, so that neither the Scottish government nor Scotland's banking system will have any right of financial support or guarantee from the rest of UK.

 

2. How it would protect the right of Scottish people living in the rest of the UK, including (as in UK elections) the right to vote in referendums if they lived within the country anytime in the 15 years.

 

3. How the border would work in practice, including the prior actual construction on Scottish land at Scotland's expense of the buildings and lorry-parking necessary for the operation of their own immigration  and customs controls, which would become necessary if an independent Scotland, at any point in the future, chose to have laws or regulations inconsistent with an open UK border.

 

If the SNP can convince Scottish voters to re-elect them yet again, in full knowledge of what leaving the UK is likely to mean, then at that point - but not before - they will have a strong democratic case for a second and final referendum by the current generation of Scots. But to most Scotch-Watchers  it is a handful of deluded power-seekers, deluding a people looking for an explanation of their historic failure and how to restore achievement and pride.

Read More

VALUATION: DISCOUNTED CASH FLOW EXPLAINED

 

 

VALUATION: DISCOUNTED CASH FLOW EXPLAINED

 

If I agreed to pay you £100 in 10 years time and interest rates are 2% then that £100 in 10 years time is worth only £82.03 today because if you invested £82.03 in the bank and they paid you 2% interest you would have £100 after 10 years.

 

You do of course need to have earnings figures for each of the next, say, 10 years.

Read More