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Cyprus Eastern Forum Index » Coffee Shop Chat » Here we go again!
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Here we go again! 
Post: #1   PostPosted: Sun Sep 16, 2018 6:48 pm Reply with quote
Mr Tibbs
Joined: 14 Apr 2011
Posts: 9573
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Location: ROC

 
Jeez, can you believe these people??! Evil or Very Mad

"Ten years after Lehman Brothers collapsed, high-octane products like those which led to the destruction of the American banking giant are making a comeback."

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Post: #2   PostPosted: Mon Sep 17, 2018 6:52 am Reply with quote
devil
Joined: 28 Jul 2008
Posts: 5235
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Location: Mosfiloti

 
You mean like Cypriot NPLs? The details differ but the gist is the same. Look at all the BMWs, Mercs etc. that have suddenly appeared on the roads over the last 6 months or so.

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Post: #3   PostPosted: Mon Sep 17, 2018 6:58 am Reply with quote
Mr Tibbs
Joined: 14 Apr 2011
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devil wrote:
You mean like Cypriot NPLs? The details differ but the gist is the same. Look at all the BMWs, Mercs etc. that have suddenly appeared on the roads over the last 6 months or so.


Reading what's going on economically, the business articles, how the world's shaping up politically, it's difficult not to be pessimistic. Some, quite conservative, economist-types seem to think we could be on the cusp of events which rival the Great Depression, with most of the ammunition needed to fight such a thing already having been squandered.
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It is a lovely day here today though. Cool Very Happy

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Post: #4   PostPosted: Tue Sep 18, 2018 4:25 am Reply with quote
bubblechris
Joined: 27 Mar 2009
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Location: Waltham Abbey, Essex E9

 
This morning onbthe local news they said 200000 Cypriots wereconbthe breadline. The wealth Devil refers to is another us andcthem situation which is going to lead to a lot of disruption in the future..
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Post: #5   PostPosted: Tue Sep 18, 2018 7:15 am Reply with quote
spanner
Joined: 07 Aug 2008
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bubblechris wrote:
This morning onbthe local news they said 200000 Cypriots wereconbthe breadline.


Which local news have you mis-read now?

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Post: #6   PostPosted: Wed Sep 19, 2018 4:34 am Reply with quote
bubblechris
Joined: 27 Mar 2009
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Location: Waltham Abbey, Essex E9

 
[Edit] is all i can say to your stupid comments............
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Post: #7   PostPosted: Wed Sep 19, 2018 8:56 am Reply with quote
mouse
Joined: 08 Oct 2005
Posts: 10296
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Location: kapparis,cyprus

 
Have you got a link to your post Chris.

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Post: #8   PostPosted: Wed Sep 19, 2018 9:48 am Reply with quote
Steve - SJD
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mouse wrote:
Have you got a link to your post Chris.


Perhaps this?
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Post: #9   PostPosted: Wed Sep 19, 2018 10:22 am Reply with quote
spanner
Joined: 07 Aug 2008
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Steve - SJD wrote:
mouse wrote:
Have you got a link to your post Chris.


Perhaps this?
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Cheers

Steve


So that is "at risk of poverty", not "on the breadline".

So normal misread, misunderstanding, or misquote.

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Post: #10   PostPosted: Wed Sep 19, 2018 10:33 am Reply with quote
devil
Joined: 28 Jul 2008
Posts: 5235
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Location: Mosfiloti

 
bubblechris wrote:
This morning onbthe local news they said 200000 Cypriots wereconbthe breadline.


As usual, you have got the wrong end of the stick. Nowhere does the report says that 200,000 odd were on the breadline. What it says is that they have a disposable income of less than 60 percent of the median income:

Quote:
At-risk-of-poverty threshold: is set at 60 % of the national median equivalised disposable income, which is calculated by dividing the total disposable income of the household (total disposable income of all its members after social transfers) by the equivalised household size, which is calculated using the following weights: First adult=1,0 unit, second and each subsequent household member aged 14 years and over=0,5 and each household member aged under 14=0,3. The household equivalent size is the sum of the weights of its members.


I don't know what the median income is but, judging from the value of the cars on the road, I would make an inspired guess that it is about 35,000, including all the teachers and all the other parasites in the broad administration. For your information, that places me fairly and squarely in the category of at risk of poverty as my income is well under the threshold.

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Post: #11   PostPosted: Wed Sep 19, 2018 11:34 am Reply with quote
spanner
Joined: 07 Aug 2008
Posts: 5731
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devil wrote:
bubblechris wrote:
This morning onbthe local news they said 200000 Cypriots wereconbthe breadline.


As usual, you have got the wrong end of the stick. Nowhere does the report says that 200,000 odd were on the breadline. What it says is that they have a disposable income of less than 60 percent of the median income:

Quote:
At-risk-of-poverty threshold: is set at 60 % of the national median equivalised disposable income, which is calculated by dividing the total disposable income of the household (total disposable income of all its members after social transfers) by the equivalised household size, which is calculated using the following weights: First adult=1,0 unit, second and each subsequent household member aged 14 years and over=0,5 and each household member aged under 14=0,3. The household equivalent size is the sum of the weights of its members.


I don't know what the median income is but, judging from the value of the cars on the road, I would make an inspired guess that it is about 35,000, including all the teachers and all the other parasites in the broad administration. For your information, that places me fairly and squarely in the category of at risk of poverty as my income is well under the threshold.


Me too, and I am managing quite well.

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Post: #12   PostPosted: Wed Sep 19, 2018 11:36 am Reply with quote
mouse
Joined: 08 Oct 2005
Posts: 10296
Pictures: 1
Location: kapparis,cyprus

 
devil wrote:
bubblechris wrote:
This morning onbthe local news they said 200000 Cypriots wereconbthe breadline.


As usual, you have got the wrong end of the stick. Nowhere does the report says that 200,000 odd were on the breadline. What it says is that they have a disposable income of less than 60 percent of the median income:

Quote:
At-risk-of-poverty threshold: is set at 60 % of the national median equivalised disposable income, which is calculated by dividing the total disposable income of the household (total disposable income of all its members after social transfers) by the equivalised household size, which is calculated using the following weights: First adult=1,0 unit, second and each subsequent household member aged 14 years and over=0,5 and each household member aged under 14=0,3. The household equivalent size is the sum of the weights of its members.


I don't know what the median income is but, judging from the value of the cars on the road, I would make an inspired guess that it is about 35,000, including all the teachers and all the other parasites in the broad administration. For your information, that places me fairly and squarely in the category of at risk of poverty as my income is well under the threshold.


So are we. Sad

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Post: #13   PostPosted: Wed Sep 19, 2018 11:40 am Reply with quote
mouse
Joined: 08 Oct 2005
Posts: 10296
Pictures: 1
Location: kapparis,cyprus

 
bubblechris wrote:
This morning onbthe local news they said 200000 Cypriots wereconbthe breadline. The wealth Devil refers to is another us andcthem situation which is going to lead to a lot of disruption in the future..


So going by the link provided that includes Children and infants who ain't working. Rolling Eyes

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Here we go again! 
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