Trump is my favourite comedian of the year already (16 Viewers)

PVA

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Apr 22, 2011
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Grendel

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Sep 19, 2011
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I'm trying to work out why Grendel thinks this is funny.

Or is because he's doubling down on 'the war won't affect people'

Because it’s Tarquin being Tarquin again
 

Brighton Sky Blue

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Jan 11, 2012
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Going to ask a very naive question.

Why couldn’t the Gulf states export their oil via the exit of the strait of Hormuz instead of having to go through it? As in going through Oman.
 

PVA

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Apr 22, 2011
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Going to ask a very naive question.

Why couldn’t the Gulf states export their oil via the exit of the strait of Hormuz instead of having to go through it? As in going through Oman.

If I've understood your question there are some pipelines out of the area, but the bulk of it goes via sea and unfortunately via the strait.


Here's a nice cheery outlook on the next few months. Not.

 
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Grendel

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What does that even mean? You said this wouldn't affect people's pensions, and it has. And now you find it funny. Classy as ever.

It doesn’t affect them. It goes up again Tarquin as it did when covid Russia and any other market dynamic happens
 

Grendel

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Sorry to be a killjoy on this one, but why on earth were pensions so close to drawdown so exposed to financial markets still?

Most pensions will be as they still rely on continued growth strategies to support drawdown
 

PVA

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Apr 22, 2011
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Sorry to be a killjoy on this one, but why on earth were pensions so close to drawdown so exposed to financial markets still?

I don’t know the finer details, but they have a financial advisor so I would assume (/hope!) that he’s done all he can to protect them.

I do know they were putting money into their pension very late, they had very little in there until recent years.
 
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Grendel

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I don’t know the finer details, but they have a financial advisor so I would assume (/hope!) that he’s done all he can to protect them.

I do know they were putting money into their pension very late, they had very little in there until recent years.

Ah good old salary sacrifice. Another route soon to be closed by reeves
 
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Captain Dart

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If I've understood your question there are some pipelines out of the area, but the bulk of it goes via sea and unfortunately via the strait.


Here's a nice cheery outlook on the next few months. Not.


There is a pipeline across Saudi that map omits. It's capacity is relatively limited but it's there.
1774864030023.png
 

Marty

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Mar 20, 2011
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I see they're drawing up plans to build a Panama canal style waterway to just completely by pass the Strait of Hormuz.
 

rob9872

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Mar 21, 2011
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Sorry to be a killjoy on this one, but why on earth were pensions so close to drawdown so exposed to financial markets still?
This is where I am. I'm 10 years from taking mine yet (53 now planned for 63 - or that's the current plan), but have still lost over £20k from it's value in recent weeks, however I'm not concerned because I know it will catch up again. My later years though as it gets closer, more and more gets transferred into bonds. I didn't set that and it's almost all currently in an 'above average risk'. It means no last couple of year big gains, but also protects it.
 

Sky_Blue_Dreamer

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Aug 16, 2018
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Most pensions will be as they still rely on continued growth strategies to support drawdown
Hang on, when we had this argument a couple of months ago you said pensions this close to retirement wouldn't be exposed to risk?

And as you said there should be a plan in place to try and negate the short term effects (though not open to everybody) but if they take it now and get the 25% lump sum, that lump sum is going to be a lot smaller than it was a few weeks ago.
 

Captain Dart

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Yes, the map I posted is just the sea routes.
The graphic you posted is labelled 'oil flows ', there is nothing about pipelines being excluded.
 

Captain Dart

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Hang on, when we had this argument a couple of months ago you said pensions this close to retirement wouldn't be exposed to risk?

And as you said there should be a plan in place to try and negate the short term effects (though not open to everybody) but if they take it now and get the 25% lump sum, that lump sum is going to be a lot smaller than it was a few weeks ago.
Do many people have active fund management?
 

Grendel

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Hang on, when we had this argument a couple of months ago you said pensions this close to retirement wouldn't be exposed to risk?

And as you said there should be a plan in place to try and negate the short term effects (though not open to everybody) but if they take it now and get the 25% lump sum, that lump sum is going to be a lot smaller than it was a few weeks ago.

they aren’t exposed to risk if you voluntarily cash in your private pension which is clearly the case in this example.

It’s also very clear that the tax loophole of salary sacrifice has been adopted here as well

You don’t actually get a tax free calculation until you crystallise the assets anyway. I “took” my pension but didn’t excercise that option until it was at a value I thought was optimal - some 18 months later

also it’s safe to assume if the decline is at the stated claimed value the total fund if in excess of the threshold anyway
 

Macca1987

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Jul 28, 2016
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If I've understood your question there are some pipelines out of the area, but the bulk of it goes via sea and unfortunately via the strait.


Here's a nice cheery outlook on the next few months. Not.


I don't know if I just don't get it, but all the quotes say 20% of oil etc goes through the straits, to me that means 80% doesn't, so why all the hand wringing and woe is the world, or can someone explain to me the issue better, thanks
 

PVA

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Apr 22, 2011
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I don't know if I just don't get it, but all the quotes say 20% of oil etc goes through the straits, to me that means 80% doesn't, so why all the hand wringing and woe is the world, or can someone explain to me the issue better, thanks

I am no expert, this is just stuff I've read up on recently, but my understanding is it’s the sheer scale of it.

20% on it’s own doesn’t sound a lot. If your local supermarket has 20% less tomatoes or whatever delivered it’s not a big deal. But if the world suddenly loses 20% of it’s oil supply, that’s absolutely seismic.

And it’s not so much the volume, but the effect it would have on the price.

It would be unprecedented in scale – in the 1990 Gulf War 5% of the global oil supply was blocked and the price of oil tripled. In the Russia/Ukraine war 3% of the global supply was sanctioned and prices doubled.

So yeah 20% is absolutely huge, god knows what it would do to prices.
 
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Captain Dart

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In other news Iran is now targeting desalination plants which all the Gulf states are heavily dependant on and apparantly there is a bunker underneath the new White House ballroom.

World's mad and getting madder each day isn't it. 😦
 

wingy

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Jul 9, 2011
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It’s almost like it was all done on vibes.
Not really,sure it's always been the plan for both of them,as much as the upshot continues.
Wonder if starmer and other members of his cabinet are still with the Zionists? After all they're well practiced.
 

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