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  1. #1
    @hibs.net private member Hibbyradge's Avatar
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    Sorry for the clickbait type title, but WTF?

    Somethings are just so wrong in this world.

    http://www.bbc.co.uk/news/business-43239037


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  3. #2
    Testimonial Due One Day's Avatar
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    Quote Originally Posted by Hibbyradge View Post
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    Somethings are just so wrong in this world.

    http://www.bbc.co.uk/news/business-43239037
    Good god the world has gone made, just shouldn't be allowed

  4. #3
    @hibs.net private member snooky's Avatar
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    Quote Originally Posted by One Day View Post
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    Good god the world has gone made, just shouldn't be allowed
    But you must admit, it IS a nice bag.

  5. #4
    Testimonial Due Colr's Avatar
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    Itís a commodity. Itís worth what people are prepared to pay for it. The buyer is banking on the assumption that there are lots more rich people around who donít know what to do with their cash so will pay more for something they think is rare and exclusive.

    Just like buying fine wine, art, bitcoins....

    In the past they might have invested it in industry or R&D. Itís the mentality thatís behind the zombie economy. Thereís plenty of money around its just concentrated in too few hands to be doing any good.

  6. #5
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    Quote Originally Posted by Colr View Post
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    Itís a commodity. Itís worth what people are prepared to pay for it. The buyer is banking on the assumption that there are lots more rich people around who donít know what to do with their cash so will pay more for something they think is rare and exclusive.

    Just like buying fine wine, art, bitcoins....

    In the past they might have invested it in industry or R&D. Itís the mentality thatís behind the zombie economy. Thereís plenty of money around its just concentrated in too few hands to be doing any good.
    I agree with your first point but not your second. Zombie economies are more a result of cheap money, government subsidy and restrictive regulations preventing creative destruction than people paying excessive amounts for handbags.

    Iíd also challenge the fact we live in a zombie economy, I spend a lot of time looking at small and micro cap companies and some of the innovation just in the UK is staggering.

    The AIM market alone raised £2.2bn in IPO and £5.0bn in secondaries in 2017, 89% and 23% more than 2016 respectfully and 2015-2017 has seen the three largest years since 2010 for AIM secondary fund raising. Itís raised over £100bn in the 20 years of its existence.

    Then there is the likes of the large infrastructure funds that despite Corbynís best efforts are still raising money to invest into our economy...the likes of John Laing Environmental Assets trust is a perfect case in point raising £160m in IPO in 2014 and another £180m since to fund holdings in solar, wind and waste and water processing. Itís currently in the process of raising approx £200m more to invest in more of these types of assets

    Could and should our economy be doing better, sure. But calling it a zombie economy is a nice sound bite but not entirely factual I would suggest.

  7. #6
    Testimonial Due One Day's Avatar
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    Quote Originally Posted by snooky View Post
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    But you must admit, it IS a nice bag.
    Not my colour

  8. #7
    @hibs.net private member Pete's Avatar
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    I'd want something a bit bigger for that kind of money.

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