We asked, and you answered by completing FT Alphaville’s (wholly unscientific) survey on Tuesday.
hastily put together intricately designed poll reveals that 41 per cent of finance professionals, students, developers, and random people* think that Greece will exit the euro within the next year.
Of those surveyed, 28 per cent responded with “I cannot tell you how sick I am of being asked this. Next question, please.” The remainder thought that the troubled sovereign would remain within the currency union.
Elaborating on just how sick he is of the discussion, one wrote: “I have heard the word Greece more times in the past few years than I could ever want to even if my favourite hobby was watching 70s Travolta films while spreading olive oil and pomade on myself, all the while on a Mediterranean island with no working plumbing (but a lot of porsches and swimming pools).”
Another, considerably less jaded, survey participant explained why he thought Greece would in fact remain in the currency union: “I’ve turned positive on everything since the London 2012 opening ceremony.”
A Spanish Inquisition
When asked about Spain, 71 per cent thought that the sovereign would request a full bailout in less than six months, as can be calculated from this poorly scaled graph drawn up in an old version of Excel:
One of those surveyed sagely noted, “longer tehy hold out the wose it gets. Or they change the rules of the game.”
The European Central Bank
When asked who they thought was the better ECB president, 45.7 per cent of respondents replied that they preferred the current holder of the post, Mario Draghi. However, the race was close ― 43.6 per cent thought Yo Mamma was.
These are some pie charts in 3D just to make it more difficult to visually comprehend what’s happening:
The London Retail Bank Offered Rate
Survey participants were asked: “At what rate could you personally borrow funds, were you to do so by asking for and then accepting retail bank offers in a reasonable retail market size just prior to 11am today?”
After topping and tailing about 25 per cent of the responses and eliminating really stupid ones like “1 million million” and “Yo Momma”, Lrbor was set at 395bps.
When asked whether anyone told them what to enter for the survey, two thirds said they typed it in all on their own (go you!), whereas 28 per cent remarked that “it’s complicated”. The remaining 6% admitted to being influenced by others.
Perhaps more revealing was the 43.5 per cent of panel members who said that they can’t actually borrow dollars for three months at all, with a further 35.3 per cent indicating that this is also “complicated”.
Here’s a histogram of the responses that is difficult to interpret and mostly crap anyway:
*That* Sporting Event
Survey participants were asked: “What percentage of your time at work has been spent watching or reading about the Olympics on average per day since the Games started?”
Barely 6 per cent responded that they spent more than half of their time glued to the gymnastics and dressage. The rest of you should really try harder…bloody Romneys…
Graph with annoyingly small font and a horrific colour scheme:
Trust in the Financial Sector
Questions about trust revealed that people have become extremists as a result of the Libor scandal and the misselling of various financial products.
As this table shows, more finance professionals, students, developers, and random people* trust the financial sector “lots and lots” or not at all than did before the scandals; whereas decreasing numbers of respondents trusted the sector “some”, “a bit”, or “a tiny bit”.
For additional commentary on the survey results, details on who you can contact to discuss further, and a smattering of footnotes on disclosures we probably should have made in the above, please access the full press release by clicking on the image below.
FTAV’s wholly unscientific survey – FT Alphaville