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Post by mostlywrong on Jun 5, 2022 11:22:22 GMT
I still haven't got the hang of this...
My thoughts are that the US hedge funds have their eyes on our large companies and are using BoA/Bloomberg and others to walk down the value of Sterling.
MW
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Post by bracknellboy on Jun 5, 2022 12:38:25 GMT
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adrianc
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Post by adrianc on Jun 5, 2022 12:58:50 GMT
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agent69
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Post by agent69 on Jun 5, 2022 18:07:08 GMT
yes lets go back, Decent music in the most partpeople went to the pub and talked not sat watching phone screen Football was 3pm on a Saturday Beer and Chocolate were both better Bacon was tasty, eggs didnt cover half a frying pan The family watched TV together, and ate together, one meal was prepared and everyone ate it and if you met a young lady no worries about herpes, AIDS or chlamydia Ladies didn't put make up on with a trowel, and most British girls were quite pale most of the time, not perma tanned Nothing like a bit of disco.
But you forgot fashion - the 70's, the decade that had no shame.
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Post by captainconfident on Jun 5, 2022 19:28:44 GMT
The Telegraph is reporting that Johnson will try another dead cat by actually introducing some NI Treaty breaking legislation this week to muddy the vote of confidence waters. This is the kind of action that is guaranteed to kick the pound lower.
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adrianc
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Post by adrianc on Jun 5, 2022 20:13:25 GMT
The Telegraph is reporting that Johnson will try another dead cat by actually introducing some NI Treaty breaking legislation this week to muddy the vote of confidence waters. This is the kind of action that is guaranteed to kick the pound lower. ...allegedly leaked internal Tory party briefing document...
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agent69
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Post by agent69 on Jun 5, 2022 20:19:36 GMT
The Telegraph is reporting that Johnson will try another dead cat by actually introducing some NI Treaty breaking legislation this week to muddy the vote of confidence waters. This is the kind of action that is guaranteed to kick the pound lower. I still can't get my head around the impact of exchange rates.
One of Donald Trumps biggest complaints about China was the allegation that they manipulate their currency to keep it artificially low. This maximised cheap chinese exports to USA but minimised expensive american exports going the other way.
If a weak currency was good for China, why won't it be good for us?
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Post by bracknellboy on Jun 5, 2022 21:02:43 GMT
The Telegraph is reporting that Johnson will try another dead cat by actually introducing some NI Treaty breaking legislation this week to muddy the vote of confidence waters. This is the kind of action that is guaranteed to kick the pound lower. I still can't get my head around the impact of exchange rates.
One of Donald Trumps biggest complaints about China was the allegation that they manipulate their currency to keep it artificially low. This maximised cheap chinese exports to USA but minimised expensive american exports going the other way.
If a weak currency was good for China, why won't it be good for us?
Well firstly, how good was/is it actually for China ? Secondly, the Yuan is not a free floating currency: its (official) rate is determined by the chinese govt (and as a consequence of not being free floating has a tendency to build pressures in the system). Next of course is consideration of impact on people. So you have an artificiually low currency : great your exports are cheap and therefore more attractive. So that benefits the businessmen - or perhaps kleptocrat party members. But on the other hand, if you are a worker being paid in an artificially low currency, imports will be more expensive than they would otherwise be: so as always its the poor bugger at the bottom that takes the pain by paying more for goods they want than would otherwise be the case. Where you have free floating currencies, downward pressure on a currency is typically going to be becuase the market views the economic landscape for that country to be weaker than others. That might be in several ways, but productivity would be one key one. Wanting a weaker currency - to 'help in exports' - is IMHO voodoo economics. Outside of currency manipulation, you are only going to get this as a consequence of poor economic outlooks, mostly resulting from poor behaviours/policy expectations. While short term boost to exports might result, if that is successful you'd expect a floating currency to adjust accordingly as economic outlooks improved. The Times article I pointed to earlier was an interesting read. It made the point that while sterling had depreciated, the UK had singularly failed to 'exploit' that through way of increased exports. And that many small companies, that might have expected to benefit from the export opportunities, had not been able to do so. Fundamentally, reductions in productivities/real term increases in costs were a major factor in the failure to see an export boon on the back of a weak £. I won't bother relaying what they saw as the root causes of that were, other than to say that increased costs and obstacles in trading with certain areas was in their opinion a major, in fact the, differentiating factor relative to others.
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ptr120
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Post by ptr120 on Jun 5, 2022 21:05:55 GMT
The Telegraph is reporting that Johnson will try another dead cat by actually introducing some NI Treaty breaking legislation this week to muddy the vote of confidence waters. This is the kind of action that is guaranteed to kick the pound lower. I still can't get my head around the impact of exchange rates.
One of Donald Trumps biggest complaints about China was the allegation that they manipulate their currency to keep it artificially low. This maximised cheap chinese exports to USA but minimised expensive american exports going the other way.
If a weak currency was good for China, why won't it be good for us?
Have you noticed how small the UK's manufacturing base is compared to China?
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agent69
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Post by agent69 on Jun 5, 2022 21:12:04 GMT
I still can't get my head around the impact of exchange rates.
One of Donald Trumps biggest complaints about China was the allegation that they manipulate their currency to keep it artificially low. This maximised cheap chinese exports to USA but minimised expensive american exports going the other way.
If a weak currency was good for China, why won't it be good for us?
Have you noticed how small the UK's manufacturing base is compared to China? Funnily enough, yes
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registerme
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Post by registerme on Jun 5, 2022 21:12:49 GMT
The Telegraph is reporting that Johnson will try another dead cat by actually introducing some NI Treaty breaking legislation this week to muddy the vote of confidence waters. This is the kind of action that is guaranteed to kick the pound lower. I still can't get my head around the impact of exchange rates.
One of Donald Trumps biggest complaints about China was the allegation that they manipulate their currency to keep it artificially low. This maximised cheap chinese exports to USA but minimised expensive american exports going the other way.
If a weak currency was good for China, why won't it be good for us?
You're giving far too much credence to Donald Trump's understanding of economics than is perhaps warranted.
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Post by captainconfident on Jun 12, 2022 14:06:53 GMT
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zlb
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Post by zlb on Jun 14, 2022 9:22:04 GMT
yes lets go back, Decent music in the most partpeople went to the pub and talked not sat watching phone screen Football was 3pm on a Saturday Beer and Chocolate were both better Bacon was tasty, eggs didnt cover half a frying pan The family watched TV together, and ate together, one meal was prepared and everyone ate it and if you met a young lady no worries about herpes, AIDS or chlamydia Ladies didn't put make up on with a trowel, and most British girls were quite pale most of the time, not perma tanned Nothing like a bit of disco.
But you forgot fashion - the 70's, the decade that had no shame.
'no shame' decade - high rate of TV p@edos and the p@edo information exchange PIE - wonder whether that can be correlated with the economy. Genuine question.
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Steerpike
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Post by Steerpike on Jun 14, 2022 10:08:19 GMT
yes lets go back, Decent music in the most part people went to the pub and talked not sat watching phone screen Football was 3pm on a Saturday Beer and Chocolate were both better Bacon was tasty, eggs didnt cover half a frying pan The family watched TV together, and ate together, one meal was prepared and everyone ate it and if you met a young lady no worries about herpes, AIDS or chlamydia Ladies didn't put make up on with a trowel, and most British girls were quite pale most of the time, not perma tanned Agree with a lot of that, but beer?
Thanks to CAMRA we no longer have Watneys Red Barrel but it was pervasive in the 1970s.
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adrianc
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Post by adrianc on Jun 14, 2022 10:24:27 GMT
yes lets go back, Decent music in the most part people went to the pub and talked not sat watching phone screen Football was 3pm on a Saturday Beer and Chocolate were both better Bacon was tasty, eggs didnt cover half a frying pan The family watched TV together, and ate together, one meal was prepared and everyone ate it and if you met a young lady no worries about herpes, AIDS or chlamydia Ladies didn't put make up on with a trowel, and most British girls were quite pale most of the time, not perma tanned Agree with a lot of that, but beer?
Thanks to CAMRA we no longer have Watneys Red Barrel but it was pervasive in the 1970s.
It's the usual rose-tinted nostalgia guff. "I was young in the 70s. I liked being young. I'm old now. I don't like being old. The 70s must have been better."<adjust facts and reality to fit>
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