TheBramble's Random Squawk

This is a discussion on TheBramble's Random Squawk within the General Trading Chat forums, part of the Reception category; Just looking at tomorrow’s scheduled data releases and saw the JPY job-to-applicant ratio (expected to be 0.77). Which pretty much ...

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Old May 28, 2012, 5:45pm   #41
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Re: TheBramble's Random Squawk

TheBramble started this thread Just looking at tomorrow’s scheduled data releases and saw the JPY job-to-applicant ratio (expected to be 0.77). Which pretty much means there’s only 0.77 of a job for everyone who wants one. And then, thinking a bit like a rights issue, if you mash up all the available man-hours employers need filled and then distribute that as equally as possible over the available workforce, you get a figure which is the number of hours per week (month or whatever) that you can give to everyone.

Taking JPY as an example, it would (I think?) roughly equate to reducing everyone’s working hours by using the job-to-applicant ratio as a multiplier on current hours. So for a ‘standard’ 40 hour week, multiply by 0.77 and you get 30.8 hours/week.

Put everybody on a new ‘standard’ of 31 hours/week and you have (OK, only arithmetically, but in principle it works) full employment, no unemployment benefits to pay – plus people suddenly busting a gut to be better than the ’other’ person sharing their job.

Obviously ridiculously under-stated in terms of management and overlap and unforeseen complications and obviously not thought through at all, but with the right incentives to business (e.g. not to increase administrative overhead and reduce taxation overall [which the government could afford as tax receipts would increase overall through 100% employment and effectively 0% unemployment benefits]) I can’t see any major flaw in this calculation. Of course, there will potentially be labour, social, legil;ative, tax et al issues. But…any thoughts? Be rough with me, I like a tussle….
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Old May 28, 2012, 5:52pm   #42
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Re: TheBramble's Random Squawk

TheBramble started this thread Facebook plan to launch SmartPhone in 2013. Pity none of their shareholders will be able to afford one.
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Old May 28, 2012, 6:01pm   #43
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Re: TheBramble's Random Squawk

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Originally Posted by TheBramble View Post
I can’t see any major flaw in this calculation…
I suppose you have to factor in the size of the infrastructure designed to cope with the unemployed. I have a couple of business associates who made hundreds of millions out of that particular growth industry.

Off the top of my head, job centre staff, social security offices etc, not to mention 1001 training providers charging 2K per head to teach the unemployable how to create a CV making the most of their NVQ in bicycle repair, and the 6 months they spent as a youth digging ditches and sniffing glue on a YTS scheme.

All those people would suddenly become unemployed, reducing the ratio. Most of those people will be public sector leeches with gold plated pensions and cast iron employment rights, unemployable in the real world, and difficult to reassign.

Its not a bad idea though.
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Old May 28, 2012, 6:26pm   #44
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Re: TheBramble's Random Squawk

TheBramble started this thread Greek National Banks - National Bank, Alpha, Eurobank and Piraeus Bank get 18 Billion Euros from from ESFS.
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Old May 28, 2012, 6:40pm   #45
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Greek Tourism

TheBramble started this thread Summer bookings for tourism in Greece are down over 30%. It's hard to come up with anything that makes any difference in the current situation, but knock-on for support and infrastructure for tourism is going to make a big dent in the, erm, already big dent.

Italy and Germany are (were?) the top incoming tourist nations and each, for quite separate reasons, will be staying away in droves this year it would appear.

So that last minute Summer vacation to Greece, you shouldn’t have too much trouble finding a flight (if the Greek airlines are still operating) or a hotel (if they are any still open) and restaurants should be largely empty – quite literally.

So, if Hermann and Benito are not going to Greece this year, who is the lucky recipient of the beach towels on deck-chairs at dawn? Eastern Europe has some quite stunning beach locations…
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Old May 28, 2012, 6:43pm   #46
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Re: TheBramble's Random Squawk

Quote:
Originally Posted by the hare View Post
I suppose you have to factor in the size of the infrastructure designed to cope with the unemployed. I have a couple of business associates who made hundreds of millions out of that particular growth industry.

Off the top of my head, job centre staff, social security offices etc, not to mention 1001 training providers charging 2K per head to teach the unemployable how to create a CV making the most of their NVQ in bicycle repair, and the 6 months they spent as a youth digging ditches and sniffing glue on a YTS scheme.

All those people would suddenly become unemployed, reducing the ratio. Most of those people will be public sector leeches with gold plated pensions and cast iron employment rights, unemployable in the real world, and difficult to reassign.

Its not a bad idea though.
Gets my vote for post of the year.
Mind you..there have been a few quality posts...the surprizing thing being...all on the same day!
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Ok, this may be a really dumb question, but couldn't somebody make money by using the trading delay for his advantage?

For example, on my broker, the prices are delayed 15 minutes and I can pay for real-time prices.

Now, let's assume that I somehow have 1 account where I have 15 minutes delayed stocks and a friend of mine has an account with real-time stocks.

My fiend could tell me that the X stock was 10$ 15 minutes ago and now it's 11$(a bit of an exaggeration, but bear with me). So, I could buy the stock at my delayed price of 10$, wait 15 minutes and sell it for 1$ profit/share.

What did I missed?
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Hi all,

Although I have been a member for a while, I haven't participated much at all as I have been busy reading, learning and paper trading, so sorry about that.

I came across a weird looking candlestick the other day, weird to me anyway, this is how it looked.

The open value was between the open and close value of the previous day. It was on "light sweet crude oil index". On April 19th 2012 it opened at 103.21, closed at 103.08, but the previous day it opened at 104.22 and closed at 102.78, which makes the 19th April stick start somewhere in the middle of the previous stick, and not at the close of the previous stick.

After having observed this, I realised that a lot of days show the same pattern, so my questions are as follow:

- How does it happen?
- Why does it happen?

Sorry if this is basic knowledge, but I never observed this before, maybe because I usually look at hourly or lower charts.
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Old May 28, 2012, 6:56pm   #47
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Re: TheBramble's Random Squawk

TheBramble started this thread
Quote:
Originally Posted by counter_violent View Post
Gets my vote for post of the year.
Mind you..there have been a few quality posts...the surprizing thing being...all on the same day!
Perhaps you should ban the Bunny more often then?
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Old May 28, 2012, 7:03pm   #48
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Re: TheBramble's Random Squawk

TheBramble started this thread CV - interesting couple of posts (and posters!). Mmmm...If the less than well intentioned vendors (boooo....hissssss......) catch drift of this ‘newbie edge’ there's no telling what offerings we could expect shortly.

But this 15 min (or longer) delay has been a bankable feature since the birth of the exchanges. Less than 2 weeks ago for instance, a social-tech start-up floated at a price institutional investors and underwriters had been given the future price on, but for which the punters the institutions were selling the shares to, had not. Happens all the time.

Yes it’s true, there is always one set of market participants working on data that is variously delayed with respect to the underlying reality.
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Old May 28, 2012, 7:03pm   #49
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Re: TheBramble's Random Squawk

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Originally Posted by TheBramble View Post
Perhaps you should ban the Bunny more often then?
I ain't banned him for yonks Quality poster in my book! Common sense in short supply, he has it in spades.
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Old May 28, 2012, 7:04pm   #50
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Re: TheBramble's Random Squawk

TheBramble started this thread
Quote:
Originally Posted by counter_violent View Post
Gets my vote for post of the year.
Mind you..there have been a few quality posts...the surprizing thing being...all on the same day!
-------------------------------------------------------------------------------------
Ok, this may be a really dumb question, but couldn't somebody make money by using the trading delay for his advantage?

For example, on my broker, the prices are delayed 15 minutes and I can pay for real-time prices.

Now, let's assume that I somehow have 1 account where I have 15 minutes delayed stocks and a friend of mine has an account with real-time stocks.

My fiend could tell me that the X stock was 10$ 15 minutes ago and now it's 11$(a bit of an exaggeration, but bear with me). So, I could buy the stock at my delayed price of 10$, wait 15 minutes and sell it for 1$ profit/share.

What did I missed?
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My first guess would be: education.
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