Sorry for the clickbait type title, but WTF?

[Hibbyradge]

Somethings are just so wrong in this world.

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

[One Day]

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

[snooky]

Good god the world has gone made, just shouldn't be allowed

But you must admit, it IS a nice bag. :stirrer:

[Colr]

It’s a commodity. It’s 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 don’t 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. It’s the mentality that’s behind the zombie economy. There’s plenty of money around its just concentrated in too few hands to be doing any good.

[RyeSloan]

It’s a commodity. It’s 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 don’t 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. It’s the mentality that’s behind the zombie economy. There’s 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.

I’d 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. It’s raised over £100bn in the 20 years of its existence.

Then there is the likes of the large infrastructure funds that despite Corbyn’s 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. It’s 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.

[One Day]

But you must admit, it IS a nice bag. :stirrer:

Not my colour

[Pete]

I'd want something a bit bigger for that kind of money.