Wednesday, February 22, 2012

...where's your positive spirit?

Yesterday, finally, after months of talks, a deal was struck between Greece and its European Union partners to avoid the potential catastrophe of a Greek default. Now, you would think this was a good thing and I for one think it is. However, after weeks of buoyancy in the markets on the prospect of this very deal, the trading boards turned red and City 'commentators' were queuing up to rubbish the deal on whatever news channel would let them.

For years we believed that Goldfish only had three second memories, a fact now disputed quite convincingly by research on the topic. But it seems the truth is that the Journos and 'commentators' rubbishing the Greek deal, are actually the ones with three second memories. Until the deal was struck, we were looking at the prospect of a Greek default. A default that could potentially have caused another collapse of the banking system, a collapse in the value of the Euro and a messy exit for Greece. This could have plunged Europe into a deep depression and poor ole Greece would be facing not a decade of austerity, but decades of third world poverty and isolation.

Today we should be counting ourselves lucky. We now have a window of opportunity to talk-up the economies of Europe and focus on policies for growth.

I say again, I think Monday was a good day for Europe.

...wash and scrub for centre city.

Good news yesterday that Bruntwood have completed their purchase of the Centre City office tower for £19.7m.

It's reported that they now intend to spend over £4.5m on refurb works, including a new entrance and reception. It'll be nice to see this beast on Smallbrook Queensway being given a little TLC.

Friday, January 27, 2012

...how to lose friends and alienate people. tell the truth about bankers and politicians.

If you're a top dog in banking you can go and run any bank in the world, why should you go and run RBS? Why should you go and run a bank that discredited British politicians think they have a God given right to interfere in? Why should you go and run a Bank where these people think they can dictate how it's run and how much you should earn? People who themselves are not worth the money they're paid. People who themselves abuse tax payer's money to build bird houses and watch pay-per-view porn? Yes indeed, why should anyone want to go and run RBS?

The only way RBS will ever repay the British taxpayer is by it being run by respected bankers who know how to turn the bank around and return it to strength and profit. Come out of the clouds and accept that the only way you will attract and retain these people is by offering them a competitive salary - and if that means big end of year bonus' then so be it. If not the bank will probably end up being run by someone from TOWIE, be bust within a year and in need of another multi billion pound bailout.

RBS is likely to post a profit this year. Not bad eh? Not bad given this bank turned in the biggest corporate loss in history just a few years ago. Someone is clearly doing something right - don't they deserve to be rewarded for it? And shouldn't that reward reflect the industry they work in?

Seriously Britain, it's time to wake up and smell the coffee. Stop bashing the bankers and start pointing the finger at those who are really responsible for the shit we're standing in - Politicians.