Sunday Times Rich List suggests UK's wealthiest defy recession

[Ramrod]

Originally Posted by Stuart

The problem is the a lot of businesses squeeze their workforces to the point where customers suffer.

.......and thats down to stupid or short sighted management. Shouldn't happen.

Originally Posted by Ramrod

.......and thats down to stupid or short sighted management. Shouldn't happen.

Which is often down to the City's clamouring for quarter on quarter growth, otherwise the share price is marked down....

[Stuart]

Originally Posted by Hugh

Which is often down to the City's clamouring for quarter on quarter growth, otherwise the share price is marked down....

Indeed. I've given one small example, but from what I have seen, it's happening industry wide in most industries. Not every company, but certainly most of them.

[Ramrod]

Originally Posted by Hugh

Which is often down to the City's clamouring for quarter on quarter growth, otherwise the share price is marked down....

I agree, what's that all about? It's unrealistic to expect constant growth yet thats what the stock markets seem to not understand.....

[Stuart]

Originally Posted by Ramrod

I agree, what's that all about? It's unrealistic to expect constant growth yet thats what the stock markets seem to not understand.....

Sadly, the City seems to be run by people who can't see beyond the next quarter, and are ONLY concerned with their next set of profit and loss figures.

[mertle]

Originally Posted by Hugh

But it's not that simple, mertle - as Andrew Sullivan said in yesterday's Sunday Times

sorry hugh could not read it its behind paywall.

Could you please sort give commentary what it said.

Now been reading something else seems its growing that individuals not happy with Klugman economic views.

http://www.nakedcapitalism.com/2012/...ntasyland.html

So the question if experts called it wrong then what will make the economy turn.

What will make the rich see sense. Maybe the situation one big wake up call that economy needs all cogs we cant remove one without it stopping it drive.

---------- Post added at 21:32 ---------- Previous post was at 21:28 ----------

Originally Posted by Stuart

Sadly, the City seems to be run by people who can't see beyond the next quarter, and are ONLY concerned with their next set of profit and loss figures.

agreed and hugh make also valid point common sense needs to be brought about.

I said in other post maybe the situation one big wake up call. Will those who can effect change listen and act.