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- Thread starter JohnD
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There is No Cause For Alarm.
The number of people in the UK securing a permanent job has fallen for two months in a row, according to a survey.
The Report on Jobs, produced monthly by IHS Markit, collects data from 400 UK recruitment and employment firms.
Its data suggests permanent placements in July fell at the sharpest rate since May 2009, with participants citing uncertainty caused by Brexit.
The results also indicated that some clients of recruitment firms had shifted towards using short-term staff.
"The UK jobs market suffered a dramatic freefall in July, with permanent hiring dropping to levels not seen since the recession of 2009," said Kevin Green, the chief executive of the Recruitment and Employment Confederation (REC), which sponsors the survey.
http://www.bbc.co.uk/news/business-36975320
As the anti-EU foreign-owned newspapers will tell you, everything's fine, and nothing that goes wrong was caused by Brexit.
Just look at the value of the Pound.
The number of people in the UK securing a permanent job has fallen for two months in a row, according to a survey.
The Report on Jobs, produced monthly by IHS Markit, collects data from 400 UK recruitment and employment firms.
Its data suggests permanent placements in July fell at the sharpest rate since May 2009, with participants citing uncertainty caused by Brexit.
The results also indicated that some clients of recruitment firms had shifted towards using short-term staff.
"The UK jobs market suffered a dramatic freefall in July, with permanent hiring dropping to levels not seen since the recession of 2009," said Kevin Green, the chief executive of the Recruitment and Employment Confederation (REC), which sponsors the survey.
http://www.bbc.co.uk/news/business-36975320
As the anti-EU foreign-owned newspapers will tell you, everything's fine, and nothing that goes wrong was caused by Brexit.
Just look at the value of the Pound.
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FTSE 250, an index made up largely of UK business is doing rather well. Perhaps as a result of the above re-balancing, making exports to other markets, all global markets, a whole bunch more attractive. FTSE 100 not looking too shabby either.
Nozzle
Nozzle
I'm glad you mentioned stock prices.
Let's suppose you are an oil company, who buys, sells and owns oil, which is priced in dollars, all over the world. Or a pharmaceutical company. Your turnover and your profits are calculated in dollars. Yesterday your shares were a pound each. Today the value of the pound drops by 16% against the dollar. How many of todays new, shrunken, 84pence "pounds" are your shares now worth?
Shell RDSB
Now let's suppose you are a clothes and household goods retailer. Almost everything you buy is imported, and the price you pay your suppliers is based on their foreign currency. But everything you sell is priced in pounds, because all your shops are in the UK. Your customers savings and incomes are in pounds, and so are their household budgets. Today the value of the pound drops by 16% against the dollar. How many of todays new, shrunken, 84pence "pounds" do you have to pay your suppliers for their socks and washing machines? But how many of todays new, shrunken, 84pence "pounds" do your customers have in their pockets to pay for them? What happens to your share price?
This does:
Debenhams DEB
So if you look at the index, you will see winners and losers. Some of the gains and losses are directly and very obviously attributable to the Incredible Shrinking Pound, and/or the planned loss of access to the Single Market..
Now suppose that you are a housebuilder. Or a plumber. Or a recruitment agency. Your customers live in a country where their savings and income have lost 16% of their value, and where investment and employment are falling. How much money are they going to spend on new houses or bathrooms or growing their workforce?
Now suppose that you are a US vulture fund or investor. You see that the dollar price of some companies has fallen by 16%. You see that investors in, for example, shops and offices are scrambling to sell for whatever they can get. Do you snap up a few bargains?
Land Securities LAND
But if you are a UK person with a pension fund, what has happened to the value of your life's savings?
Let's suppose you are an oil company, who buys, sells and owns oil, which is priced in dollars, all over the world. Or a pharmaceutical company. Your turnover and your profits are calculated in dollars. Yesterday your shares were a pound each. Today the value of the pound drops by 16% against the dollar. How many of todays new, shrunken, 84pence "pounds" are your shares now worth?
Shell RDSB
Now let's suppose you are a clothes and household goods retailer. Almost everything you buy is imported, and the price you pay your suppliers is based on their foreign currency. But everything you sell is priced in pounds, because all your shops are in the UK. Your customers savings and incomes are in pounds, and so are their household budgets. Today the value of the pound drops by 16% against the dollar. How many of todays new, shrunken, 84pence "pounds" do you have to pay your suppliers for their socks and washing machines? But how many of todays new, shrunken, 84pence "pounds" do your customers have in their pockets to pay for them? What happens to your share price?
This does:
Debenhams DEB
So if you look at the index, you will see winners and losers. Some of the gains and losses are directly and very obviously attributable to the Incredible Shrinking Pound, and/or the planned loss of access to the Single Market..
Now suppose that you are a housebuilder. Or a plumber. Or a recruitment agency. Your customers live in a country where their savings and income have lost 16% of their value, and where investment and employment are falling. How much money are they going to spend on new houses or bathrooms or growing their workforce?
Now suppose that you are a US vulture fund or investor. You see that the dollar price of some companies has fallen by 16%. You see that investors in, for example, shops and offices are scrambling to sell for whatever they can get. Do you snap up a few bargains?
Land Securities LAND
But if you are a UK person with a pension fund, what has happened to the value of your life's savings?
Last edited:
Nice cherry picking there. Some other similiarly cherry picked examples for you.
National Grid
ARM
Vendanta
Hell, even BP from your coveted Oil sector example.
DYOR
In short, lies, damned lies and statistics. The media, you and I can use any data we like to paint any picture we like. It's time to accept what has happened, move on and make the best of it. I know for sure that those fund managers who look after our pensions can make money whether the market is falling or rising they don't care which direction it goes in, providing it's predictable.
Nozzle
National Grid
ARM
Vendanta
Hell, even BP from your coveted Oil sector example.
DYOR
In short, lies, damned lies and statistics. The media, you and I can use any data we like to paint any picture we like. It's time to accept what has happened, move on and make the best of it. I know for sure that those fund managers who look after our pensions can make money whether the market is falling or rising they don't care which direction it goes in, providing it's predictable.
Nozzle
We can of course disregard price movements in ARM, which are caused by a takeover bid.
National Grid has been doing particularly well over the last five years, and had a spike after the Brexit vote as people scrambled for an investment that had a good defensive moat and stable earnings.
NGs profits are unaffected by the cost of energy, unlike, for example, SSE.
If your pension included a property fund, it will have taken a hit, and may even have been suspended for a while until the lifeboats were manned.
"Business Live: More property funds suspend trading"
http://www.bbc.co.uk/news/live/business-36686176
. http://www.ft.com/cms/s/0/7573085c-599e-11e6-9f70-badea1b336d4.html
"British investors head out of commercial property funds "
Predictable would be nice. Not what you get when you decide to resign from the worlds largest trading group, without knowing when you will leave, what the terms will be, or what you will do instead, and when your citizens are divided nearly 50/50 on whether that's what they want or not.
National Grid has been doing particularly well over the last five years, and had a spike after the Brexit vote as people scrambled for an investment that had a good defensive moat and stable earnings.
NGs profits are unaffected by the cost of energy, unlike, for example, SSE.
If your pension included a property fund, it will have taken a hit, and may even have been suspended for a while until the lifeboats were manned.
"Business Live: More property funds suspend trading"
http://www.bbc.co.uk/news/live/business-36686176
. http://www.ft.com/cms/s/0/7573085c-599e-11e6-9f70-badea1b336d4.html
"British investors head out of commercial property funds "
Predictable would be nice. Not what you get when you decide to resign from the worlds largest trading group, without knowing when you will leave, what the terms will be, or what you will do instead, and when your citizens are divided nearly 50/50 on whether that's what they want or not.
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I am aware of how NG charges.
You can look at the NG price chart and the price of energy and try to find a correlation if you want.
Here you are. Try with 5 years.
http://markets.ft.com/data/equities/tearsheet/summary?s=NG.:LSE
http://markets.ft.com/data/equities/tearsheet/financials?s=NG.:LSE
http://www.energybrokers.co.uk/electricity/historic-price-data-graph.htm
http://www.energybrokers.co.uk/gas/historic-price-data-graph.htm
But I expect you are embarrassed by your mistake now so you will not want to try to explain what you had in mind.
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