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3 hours ago, eveln said:

It'd be alright if they gave the dog some fluro strips ... but noooo they let them walk / trot the road cos ya can't be too careful about what's in the grass at night

 

Maybe you've spotted a new market in dog clothing! 

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On 13/09/2019 at 6:43 AM, chrisg said:

🙂 

 

Not at all,  just my bad for assuming too much,.  I didn't really think we were having a deep scientific conversation.

 

Cheers

I guess it probably is your bad for assuming so much, rather than just asking questions like a normal person.

  • Haha 1

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🙂

 

I'M the one that's getting old !?!

 

What happened ?

 

They let you out for some fresh air ?   🙂

 

Bit late to the party...

 

Cheers

 

 

 

 

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I've been busy.  You're not the only one dealing with funerals of late.

 

I kind of hoped a week or so would be enough time to come back and read about where people with actual technical expertise are using words wrong.  Can I be late to a party that didn't happen?

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22 hours ago, fliptopia said:

 

Maybe you've spotted a new market in dog clothing! 

fluro dog collars would probably do it

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....

 

Sorry  to hear that, actually I added another one yesterday, turning into a bad news year, again...

 

No, you did not miss much, pretty quiet week.

 

Cheers

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It was just a matter of time.

 

The country, and I do not just blame Trump for it, spends way outside its ability to repay.

 

As the old saying goes if you owe a bank a few hundred you have a problem, if you owe a few billion the bank has a problem.

 

Seems we are more talking Trillions in this case.

 

Cheers

 

 

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3 hours ago, chrisg said:

The country, and I do not just blame Trump for it, spends way outside its ability to repay.

Japan seems to get by

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Hmm.

 

Japan is one massive conundrum, if anything it just reveals yet again how money can be kind of irrelevant.

 

Individually most all Japanese companies make big profits most years but the country still manages to post a huge deficit.

 

Very clever money manipulation I guess.

 

Back in the early eighties they managed to move the Yen from being something around 1300 to the AUD a few years before to around 130 yet still their trade goods whilst a little more expensive did not really go up by much.

 

China can do the same thing, I'm pretty certain Trump is not aware of that.

 

Cheers

 

 

 

 

 

 

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15 hours ago, chrisg said:

Hmm.

 

Japan is one massive conundrum, if anything it just reveals yet again how money can be kind of irrelevant.

 

Individually most all Japanese companies make big profits most years but the country still manages to post a huge deficit.

 

Very clever money manipulation I guess.

 

Back in the early eighties they managed to move the Yen from being something around 1300 to the AUD a few years before to around 130 yet still their trade goods whilst a little more expensive did not really go up by much.

 

China can do the same thing, I'm pretty certain Trump is not aware of that.

 

Cheers

 

 

 

 

 

 

 

Japan is an example too much QE and negative/low interest rates do not fix an economy. Their stock market is pretty much 50% owned by the Bank of Japan as they just buy any old junk out there.

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32 minutes ago, chrisg said:

Aint that the truth  J

 

Cheers.

 

 

 

Guess where Australia is heading ... except we don't have  the big trade surplus like Japan

Edited by Jeruselem

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Yeah, we'll be back to surviving on resources and maybe the wool on the sheep's back, but at least we have them  😉

 

WOMM.

 

Looks like Thomas Cook could go down with chaotic results.

 

https://www.news.com.au/travel/travel-updates/global-chaos-as-travel-firm-thomas-cook-crisis-worsens/news-story/9e19b3a484c75da3b4c343cd5f713192

 

If there is one industry that has yet to find an answer to the emergence of DIY travel on the Internet it is the travel industry.

 

There seems to have been a case in most instances of just turning a blind eye when it is really impossible to do so when it is just to easy too book your own stuff.

 

I suppose Cooks possibly thought that being they provide the full service, airline, own hotels sometimes and are in the tour rather than travel business, they were insulated, apparently not.

 

It's interesting though that a big Chinese fund is willing to ante up big money to gain control, although it may not be enough.

 

Apparently the big remaining markets for agencies are Japan and China where organised tours are big business still.

 

I left that industry decades ago, the writing was on the wall even then, long before the Internet - it amazes me anyone can make money in it.

 

The last "Travel Agent" I ever dealt with had found the right niche, working from home and concerning herself only with international travel and non-chain hotels. That seemed to work but in an industry where even when I was there the margins were 7% on international fares, 5% on domestic, which would be less to non existent now since de-regulation there is precious little room for luxuries like...an office. She has retired now and left no replacement.

 

Presumably the offices that still exist make margin on things like cruises but even there the actual operators are in direct competition with you - crazy industry all round.

 

Cheers

 

 

 

 

Edited by chrisg

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Very possibly J although some do still seem to do ok.

 

I'm not sure if it is volume or very high levels of service, or both but there are a couple of niche agencies that are doing ok, in Adelaide.

 

Perhaps it is because of the older population here. I could ask someone, a long ago colleague runs a few stores that seem to be weathering the Internet storm but what it really needs is serious innovation and that is difficult to imagine beyond fully accompanied tours. Those have been around forever but it is very decidedly niche.

 

I did accompany a couple way back when, it was fun but exhausting and you did get the strangest demographics. For example I took one up to Japan, through Russia on the Trans Siberian and then out via Finland and back via London and Paris. Fully escorted, three of the travelers were retired priests, one was a practicing madam and another few were  well-heeled farmers. None of them had traveled much before.

 

Strangely they all got along very well 🙂

 

Cheers

 

 

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Younger generations probably do it online and want control of what and where things happen, the older generation probably weren't so fussy about that so Thomas Cook had their business.

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Hmm.

 

I think for people who don't travel much or are only coming to it later in life there is more "security" in taking an organised trip. Even the most basic will include airport/hotel transfers, the hotel itself, maybe some meals, gives a feeling of safety.

 

I've been on the road most all of my life so finding taxis at airports at odd times or hotels at short notice never bothers me much.

 

A few years back now my sister, brother and their spouses went on a big overseas trip to Europe which my brother organised. After my sister said never again, my brother had crammed way too much in. They've been back since and with the confidence from the first trip just winged it, which is the fun way to go 🙂

 

Cheers

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Well ... they have an airline so I guess they will have a bunch of cheap planes for sale now.

 

 

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Well, it's official, they are in liquidation, the U'K is guaranteeing to get the clients from there home but that still leaves a lot uncertain.

 

Utter debacle, I don't suppose anyone ever predicted THIS from the rise of the Internet ?

 

Cheers

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I read they had a deal to save the company and suddenly creditors wanted an extra 200 million pounds ... deal collapsed and it went under.

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Yes.

 

I've no clue on that, a Chinese group put up over a billion but UK banks demanded something over 330 million pounds that I saw and the Chinese had it conditional on the short term.

 

I really do not know, came in late, but absent a miracle a Travel Icon is gone.

 

Used to compete with them decades ago but also sold their tours - they will leave a void in the industry.

 

Cheers

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I heard Thomas Cook were rescued from going under 8 years ago. I guess they didn't learn much from their mistakes in this new Internet time.

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No indeed, and it is utter chaos that has been left in the wake of their collapse:

 

https://www.news.com.au/travel/travel-updates/incidents/travellers-stranded-in-airport-carnage-after-thomas-cook-collapse/news-story/21ad7208cb166b03907d78b57bce9940

 

It seems the fat cats at the top were creaming off a lot of cash - rather familiar story.

 

Cheers

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