Jimmy Choo Handbag © fintag
News comments:Price reflects demand and supply. Demand goes up, price goes up. Supply goes down, price goes down. Inverse relationships and all that.
There are odd examples where this is not so. Take prostitution. Now, in London something is going on because before the Berlin Wall came down there were few prostitutes; and prices around Kings Cross were dirt cheap. Shepherds Market whores could be bought for Luncheon Vouchers.
This all changed when the cold war propaganda ended and head scarf mustache loving stumpy women turned into stunningly beautiful swans and swarmed the west looking for the easy euro.
Gone are the days when lusty men had to hunt down the prostitutes. Today they can be found are all over the bars,nightclubs and streets of Mayfair. Once you had to climb up some dark stairs for one's once a week whipping fun whereas now they sit in Starbucks waiting for punters. Prostitutes are everywhere. You may not notice them, for they often look like your average dancer on a Lady Gaga video, but they are everywhere.
In the USA, singles bars are just that. Here these single women carry credit card swipe machines.
And this is where the economics is strange because prices have quadrupled in the last 10 years. More supply, yes, but I doubt the demand has gone up at all. Sometimes the fundamentals don't make sense but we pay higher prices anyway. GBP500 for a look, GBP2000 for a grope, [Editor: Enough]
I don't get it.
Today's shorts:
Germany Get Cross Following World Cup Exit: Spain To Suffer (telegraph)
Butterfield CEO Gets A Job (icfa)
USA To Face Total Anarchy By Teatime (hitc/newyorktimes)
Hedgies Are All Useless (businessweek)
Quote of the decade:
Robert Prechter :'I'm saying: 'Winter is coming. Buy a coat. Other people are advising people to stay naked. If I'm wrong, you're not hurt. If they're wrong, you're dead'.
Today's longs:
Lawyers Rub Their Hands: Morningstar's Red Revolution (allaboutalpha)
Amazon To Take On Ocado (independent)
Lords And A Charles Set Up New Bank (ft)
Paulson Isn't As Good As He Once Was (ftalphaville)
Gossip:
BP to be nationalised by Obama.
Posts
3 comments:
It's probably correlated to house prices and like house prices it's about the supply of free borrowed money creating demand. An hour of passion tracks the rate of increase of a square foot in Belgravia?
Funny post today...IMO these price rises are linked to the price of plastic surgery and the stk market. The further both of these rise the greater the price to be charged by "Svetlana" and her E European cohorts. I personally find it quite annoying to leave a bar/club in Mayfair only to be accosted by undesirables offering to take me to a "party" nearby
When I was just fourteen, I was given the task of drowning kittens by my girlfriend's mother. I filled a large laundry sink with room temperature water and held the eight kittens under. As each kitten died and sank to the bottom, it turned and rested 'snuggled' to the previous. I put them in a garbage bag and was carrying it out when the bag moved and I heard a meow. I opened the bag and found one kitten had survived. So I drowned it again.
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