The future of advertising

[j.m@talk]

Was reading this most uninspiring article bout the future of advertising & how terrible its all going to become ..... Well I'll not bore you all whitless with the ins & outs of a ducks behind on that subject ...... However I came across this which I grabbed for your personal delectation ..... I found it moderately amusing

http://i251.photobucket.com/albums/gg303/mmmmmjm/advert.jpg

[herosrest]

Hmmmmmmmmmm. General Electrics Last Stand? :rolleyes:

[j.m@talk]

Was there a connection (no pun intended) between GE & GEC ? ......... GEC ended up as Alstom ......they was kinda GEC Alstom 1st ....... But ya know how these things tend to go.

[herosrest]

Kaboom.......... Ain't they recycling Nuclear waste..... silly buggers.

[leprechaun_40]

What the hell are you prattling on about here?

[mireland]

What the hell are you prattling on about here?


good question... :eek:

[leprechaun_40]

good question... :eek:
Not too sure I want to know however

[j.m@talk]

Kaboom.......... Ain't they recycling Nuclear waste..... silly buggers.

BNFL do that up in Win/Seascale quite a good urb that one....... Well it would be if they could actually be acred keeping the paperwork tip top..... Either way it makes a whole heap O' cash & annoys the tree huggers as well..... Double Wammy :D

[herosrest]

Yo, solly my man.

Alstom are working the new fast trains angle for the chunnel at the moment - they just get it to turn a penny or two and whammo - everybodys onboard 'so to speak'.
Hehe, went past the idle Eurotrain sheds at the Scrubs a couple of days back - there's a mountain of land to that site.
A fortune waiting for someone.

[j.m@talk]

We have a Alstom Factory here ...... used to be GEC ya see..... Just wondering if GE & GEC were same/similar/no relation ?

Here (http://myweb.tiscali.co.uk/prestonian/alstom.htm) & Here (http://myweb.tiscali.co.uk/prestonian/alstom.htm)

[herosrest]

No, GE dropped a bollock recently........ 45 billion l think. Definately an American thing.


Just look what happened last time the French got saddled up in Pennsylvania Avenue.

To their unending credit GE (uk) did do this little beauty, SWOOn
http://www.rob.clubkawasaki.com/arl82.jpg
Which is about as gorgeous as ugly can get. It should still dogfight the bum off anything flying supersonic.
http://www.servicepals.com/gallery/data/496/49641/lightning_1-med.jpg

[herosrest]

http://images.sodahead.com/polls/001471405/388111861_sidney_nolan_the_dead_horse_falling_off_ a_cliff_answer_4_xlarge.jpeg
Here is a horse falling off a cliff.

Will it bounce? :rolleyes:

Remember - http://www.gold-prices.biz/wp-content/img/2010/03/dead-cat-bounce-13-march-2010.JPG

Finance is an inverse of logic when accounting rules are invoked -

Credit Finance and the Dead Horse Bounce - a whip it quick, flog of the dead horse, which left the tax payer holding trillions in.......... sausage meat.

To follow - when a contract, as defined in english law, is not a contract but is in fact a slab of jelly that has been nailed to a wall by people you definately would not allow within a continent of your daughters


http://en.wikipedia.org/wiki/Flogging_a_dead_horse

http://en.wikipedia.org/wiki/Dead_cat_bounce

http://mortgageblues.us/news/394

http://i.thisis.co.uk/274198/article/images/281131/335407-vlarge.jpg
Qui est? Qui elle........... woah boy!

http://www.frc.org.uk/asb/technical/standards/accounting.cfm

http://www.talktalk.co.uk/reference/dictionaries/difficultwords/data/d0010382.html

[herosrest]

http://files.myopera.com/herosrest/albums/8201592/OS7601aa.PNG

[herosrest]

The dead horse bounce.

As those so engaged in the activity (everyone upon the planet), are each fully aware -; trade is our life blood. Its conduct, as trading - is............, a horse market of interested parties striking bargains. Each bargain is an act of probity, from which the verity of our law is contructed.

Trading credit agreements, undermines the bargain.
The bargain is devalued. This point is fundemental, and fundementally ignored.

Traded goods are commodities, hence a traded credit agreement is a commodity. It is marketable.

'FASB Statement No. 157, Fair Value Measurements, defines fair value as follows: Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. An orderly transaction excludes forced sales and liquidations. In its fair value measurement guidance project, the IASB is considering the appropriateness of the guidance in Statement 157, but is currently expected to issue final guidance that will contain a largely similar current exit price approach to fair value.

Fair Value is exit price

At the February 13, 2009, meeting, FCAG members discussed various approaches to loan provisioning for regulatory and financial reporting purposes. The conversation focused especially on “dynamic” or 'through the cycle' provisioning. During the discussion, a summary of which can be found at http://www.fasb.org/fcag/fcag_mtg_minutes.shtml, there appeared to be a consensus on the following key principles:

• It is not the primary responsibility of accounting standard setters to support financial stability, but rather to require companies to reflect economic reality

• Financial statements should be transparent and any changes in accounting should make the financial statements more transparent

• There is support for prudential regulators requiring ‘through the cycle’ provisions by banks and other regulated financial institutions as long as this practice does not detract from the integrity and transparency of the financial statements.

If you wonder why so many economies today are in meltdown, wonder no more, and, it has only taken 5 years to achieve. Fair market valuation is devaluation. Devaluation is inflation.

Fair market value is markdown (exit price) - It is not the primary responsibility of accounting standard setters to support financial stability, but rather to require companies to reflect economic reality. Current opinion is shifting towards more quantative easing which will be most easily acheived if, Ben Bernanke sticks a very large truncheon up Robert Heinz's behind and......... keeps it there indefinately. A bit of quantative easing, so to speak. A turf war.

Defend value.

http://files.myopera.com/herosrest/albums/8201592/leonid%24.PNG

[Steve R Jones]

herosrest - I see you haven't changed a bit:t

I've always meant to ask you if you make this stuff up or borrow it from other sources?

Do you and or anyone you know understand any of it:-@

[herosrest]

Hi SRJ, :t

Long time..............
T'is what it t'is. ;)

I hope you are well - all the old scallywags seem to have departed.
JM was moody so & so.

I have to fix up a typo on the previous post -

'very large truncheon up Robert Heinz's behind' :eek:

Should read 'truncheon over Robert Heinz's bottom line'


FAS157 - Topic820. The greatest regulatory blunder ever.

[herosrest]

http://files.myopera.com/herosrest/albums/8201592/hash.PNG

Of Pi, Sir Cumfromfrance and bubbles.

Life, modern & classic, handed down the 'conundrums', consequences of our humanity and given perceptions. If someone you know, or trust, someone you love or possibly even adore, you know..... worship advised you the sky was green............. you would of course believe them. Row, row, row your boat gently down the stream, merrily, merrily, merrily, merrily. Life is just a beach!
(l copyrited that! - fat lot of good it did. Yup - l invented, 'Life is just a beach.') :D

There remain two unsolved condrumnons - Lima Bravo and Crop Circles.

The issues surrounding harvests, fields and the doings at full moon were actually resolved by a gifted and possibly the greatest mathematician who ever played fiddle in the cavalry. It is incredibly difficult to maintain rhythm, whilst fiddling on the back of a horse and truly a wonder to behold. Everyone, each and all of us know of Pi and Sir Cumfromfrance, each one of us learnt at the same lesson of, logarithmic base. It is truly fundemental but trivialised by discovery that being able to determine the size of a circle is the reason for being taught, what we are taught. The direction of the circle is irrelevant and the fact that that circle is as likely to be three dimensional as not, ensures that from earliest times, we avoid the issues and problems of bubbles.

Euler's perfect equation is exactly that a little piece of ingenious, blissful, ingenuity. It is truly beautiful and awe insipingly impractical unless developed into argument, binomials. Binomial functions. There would but for Euler, be a third member of the set 'conundrum'. The issue referred to in modern time as 'Black Swan' events is likened to the occurence or frequency of prime numbers within a constantly expanding range. (Common sense, life experience, basic limited study and probability, dictate that when the momentous and unimaginable 'Black Swan' event occurs, it will be followed in very rapid succession by a further series of such events, not neccesarily related but equaly momentous. Simply reel of the first half dozen prime numbers and it is obvious that despite considering infrequencies across a huge range - when one occurs, it is followed rapidly by a series more. They are not allways detrimental - Black Swans are...................... beautiful.

Unless you get too close or too friendly.
e < (i) pi + 1 = 0

A modern awareness - Euler was a man of his time, inspired by his time. Equally important to modernity is Hamilton's brilliant evolution of Quaternians.
Geniuses but both truly and simply of and off of, their time and probably heads as well.

Fundemental to reason - is enquiry, and the first enquiry is as to whether or not, time accelerates. It does.
http://files.myopera.com/herosrest/albums/8201592/Stang.PNG

The argument shown is, 'possibly', incomplete, as nowadays is application of the Greeks - reworked into probability theory eveolved from the study of Black Holes and the Double D wobble effect.

Something is obviously missing from Euler's trivia; that something is timing.
He was equal to his time and unequal to his task.
Therein lies solution and I present to the world of today a completion of Euler's equation.

e < (i) pi + 1 == 0

Bill Gates, the world's richest philanthropist, said the Bill and Melinda Gates Foundation lost one fifth of its value in the (previous) current crisis. Despite his prediction that it could be as much as four years before many economies see growth again, he insisted the fundamentals of the global economic system were sound. Capitalism, had led to incredible opportunity and innovation. When in five to 10 years, a new upward trend is established, he believed advances in medicine, genetics and software would drive new growth.

[herosrest]

A day at the races. Tax free!!! :p



http://files.myopera.com/herosrest/albums/8201592/irs.PNG (http://www.economicshelp.org/blog/finance/credit-default-swaps-explained/)
http://www.economicshelp.org/blog/finance/credit-default-swaps-explained/

What Does Credit Default Contract Mean?
Security with a risk level and pricing based on the risk of credit default by one or more underlying security issuers. Credit default contracts include credit default swaps (CDSs), credit default index contracts, credit default options and credit default basket options. Credit default contracts are also used as part of the mechanism behind many collateralized debt obligations (CDOs); in these cases, the contracts may have unique covenants that exclude company events, such as a debt restructuring as a "credit event".


Investopedia explains Credit Default Contract
The main goal of credit default contracts is to establish a price for a given default risk, where it can then be traded to another party who wishes to accept it. Growth of credit default contracts has exploded in recent years, as liquidity has grown along with institutional investor interest. They are a versatile tool for transferring risk away from a lender's balance sheet (such as in CDS) or for pure speculation by hedge funds and other investment vehicles.

The biggest risk in credit default contracts is their extreme sensitivity to individual company and market fluctuations. If fear of default starts to creep into the credit default markets, spreads will rise across the board, making the cost of protection that much more expensive, and slowing down activity in the debt markets as a whole.

Read more: http://www.investopedia.com/terms/c/credit_default_contracts.asp#ixzz1XpGfd7a8


Gambling & insurance against losses, tax free and arms length from all responsibilities other than bonus size and write downs.......... ahhhhhh - the smell of it! Horse manure, that is. The smell of the Ferenghi.

Al Capone couldn't have come up with a better scam.

http://www.cfaforums.org/pw/Lists/Team%20Discussion/Attachments/86/gsonstrike.jpg (http://www.sysopt.com/forum/showthread.php?t=203267&highlight=ferengi)

Despite gut reactions, this is not a rant against sensible trading, rogues are at work - destroying the world economy with Mumbo Jumbo accounting and massive tax avoidance.
They don't care about the deals - they take a cut and smile, smile, smile - lock 'em up. ;)

[herosrest]

http://files.myopera.com/herosrest/albums/8638752/88.PNG (http://www.sysopt.com/forum/showthread.php?t=173592&highlight=double+money)

Grinnin Thistle

[herosrest]

http://agilemindstorm.com/wp-content/uploads/2011/06/Dead-Horse-Theory.jpg (http://topics.nytimes.com/top/reference/timestopics/organizations/s/securities_and_exchange_commission/index.html)

http://files.myopera.com/herosrest/albums/8638752/TRIM.PNG (http://dvn.iq.harvard.edu/dvn/dv/dataconnect/faces/study/StudyPage.xhtml?globalId=hdl:1902.1/12906&studyListingIndex=0_0726f2d2d17fa6529c21ef56debd)

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