Brexit and the Consequences

We all know cable has collapsed from 1.50 and is chopping around in a tight range 1.30 to 1.34 which is a reasonable indicator of what the rest of the world thinks about our currency and Brexit; not to mention the capital outflow from UK assets.
A slight rise in cable is really not significant, imho.
 
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I was wondering about what that insect was after walking in a figure of eight,
then I realised.....
 

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Mr. Charts said:
We all know cable has collapsed from 1.50 and is chopping around in a tight range 1.30 to 1.34 which is a reasonable indicator of what the rest of the world thinks about our currency and Brexit; not to mention the capital outflow from UK assets.
A slight rise in cable is really not significant, imho.
Click to expand...

Yes agree strongly.

Reason for the rise is more to do with weak GDP data from the US and the hopeful expectation rates may not rise in Sept?

Market is hooked on easy money like drugs.

Any indication of Fed raising rates or BoE having to drop rate here in the UK and 1.30 will be breached sooner than one can say I.
 
Atilla said:
Yes agree strongly.

Reason for the rise is more to do with weak GDP data from the US and the hopeful expectation rates may not rise in Sept?

Market is hooked on easy money like drugs.

Any indication of Fed raising rates or BoE having to drop rate here in the UK and 1.30 will be breached sooner than one can say I.
Click to expand...

Hope your cable calling is better than your SP500 calling.:LOL:
 

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Atilla said:
Tweedle Dee & Tweedle Dum, like two peas in a pod...

Do you guys have anything useful to say :sleep:
Click to expand...

I'd like to hear comments on post 105 Ta.

Everything in that report was known in advance and widely debated in the 1980's, particularly in the UK.
So how come they (EU) had to find out the hard way in 2010 ?
It really does beggar belief !
 
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I think better of Theresa and her team now that I hear that the nuclear power contract has been put on hold.

If this has any power with EU negotiations it could become a useful bargaining tool. I know that the Chinese are involved, too, but a cancellation would hurt the French company involved. It is worth 18 billions and electricity charges are too high, IMO.
 
USD sold off but Cable still standing at just 1.32 , i would watch GBPJPY as it will drag Cable down with it ...
 
counter_violent said:
I'd like to hear comments on post 105 Ta.

Everything in that report was known in advance and widely debated in the 1980's, particularly in the UK.
So how come they (EU) had to find out the hard way in 2010 ?
It really does beggar belief !
Click to expand...

Once again the Telegraph takes a few facts and totally distorts and lies about what actually was said.

I have on many occasions highlighted the inconsistent distortions but you seldom comment on the lies and deceit you spread. But then again you are happy with what the Telegraph pushes at you and you accept irrespective of any lack of integrity in the reporting of the facts.

They really should quote the article rather than proceed with sensationalised fodder feeding for a select party fest of extremes.


I would suggest readers here to consider two reports; one from Telegraph and the other from Guardian to get a feel for the difference in the way same report from the IEO is reported.

I'd recommend reading Executive Summary and then two newspaper reports.


Original Report from IEO - http://www.ieo-imf.org/ieo/pages/CompletedEvaluation267.aspx

Executive Summary from Report - http://www.ieo-imf.org/ieo/files/completedevaluations/EAC - Executive Summary.pdf


Telepgraph Article - http://www.telegraph.co.uk/business...s-love-affair-with-euro-apologises-for-the-i/

Guardian Article - https://www.theguardian.com/busines...estimated-damage-austerity-would-do-to-greece

BBC - http://www.bbc.co.uk/news/business-22791248

WSJ - http://www.wsj.com/articles/SB10001424127887324299104578527202781667088


Interesting how the sensationalised headline is so different on the Telegraph. Disastrous love affair and immolation Wow!


With respect to knowing all this back in the 80s, referring to events in 2007-8 and PIGS melt down??? Well if they say so... you should believe them judged on all their previous news reporting.


What is known is that having a common market, with a common currency, one needs common fiscal rules. It is not enough to have free movement of labour and partial harmonisation of some tax (like VAT) and trading rules.

However, to get powers to set common fiscal rules needs legislative and further powers for EU Parliament to take and that needs more political union and their lies the crux of the problem.

With respect to PIGS problems, it is largely their own making which weren't checked or controlled by the EU. Tough balancing act imo. You can take that and sell facts anyway you want.

All chickens come home to roost sooner or later...


Telegraph is such a naff paper to read. My strong opinion and yes I know we all have them too. (n)
 
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Atilla said:
Once again the Telegraph takes a few facts and totally distorts and lies about what actually was said.

I have on many occasions highlighted the inconsistent distortions but you seldom comment on the lies and deceit you spread. But then again you are happy with what the Telegraph pushes at you and you accept irrespective of any lack of integrity in the reporting of the facts.

They really should quote the article rather than proceed with sensationalised fodder feeding for a select party fest of extremes.


I would suggest readers here to consider two reports; one from Telegraph and the other from Guardian to get a feel for the difference in the way same report from the IEO is reported.

I'd recommend reading Executive Summary and then two newspaper reports.


Original Report from IEO - http://www.ieo-imf.org/ieo/pages/CompletedEvaluation267.aspx

Executive Summary from Report - http://www.ieo-imf.org/ieo/files/completedevaluations/EAC - Executive Summary.pdf


Telepgraph Article - http://www.telegraph.co.uk/business...s-love-affair-with-euro-apologises-for-the-i/

Guardian Article - https://www.theguardian.com/busines...estimated-damage-austerity-would-do-to-greece

BBC - http://www.bbc.co.uk/news/business-22791248

WSJ - http://www.wsj.com/articles/SB10001424127887324299104578527202781667088


Interesting how the sensationalised headline is so different on the Telegraph. Disastrous love affair and immolation Wow!


With respect to knowing all this back in the 80s, referring to events in 2007-8 and PIGS melt down??? Well if they say so... you should believe them judged on all their previous news reporting.


What is known is that having a common market, with a common currency, one needs common fiscal rules. It is not enough to have free movement of labour and partial harmonisation of some tax (like VAT) and trading rules.

However, to get powers to set common fiscal rules needs legislative and further powers for EU Parliament to take and that needs more political union and their lies the crux of the problem.

With respect to PIGS problems, it is largely their own making which weren't checked or controlled by the EU. Tough balancing act imo. You can take that and sell facts anyway you want.

All chickens come home to roost sooner or later...


Telegraph is such a naff paper to read. My strong opinion and yes I know we all have them too. (n)
Click to expand...

He doesn't read The Telegraph, does he?

Ugh!
 
Atilla said:
Once again the Telegraph takes a few facts and totally distorts and lies about what actually was said.

I have on many occasions highlighted the inconsistent distortions but you seldom comment on the lies and deceit you spread. But then again you are happy with what the Telegraph pushes at you and you accept irrespective of any lack of integrity in the reporting of the facts.

They really should quote the article rather than proceed with sensationalised fodder feeding for a select party fest of extremes.


I would suggest readers here to consider two reports; one from Telegraph and the other from Guardian to get a feel for the difference in the way same report from the IEO is reported.

I'd recommend reading Executive Summary and then two newspaper reports.


Original Report from IEO - http://www.ieo-imf.org/ieo/pages/CompletedEvaluation267.aspx

Executive Summary from Report - http://www.ieo-imf.org/ieo/files/completedevaluations/EAC - Executive Summary.pdf


Telepgraph Article - http://www.telegraph.co.uk/business...s-love-affair-with-euro-apologises-for-the-i/

Guardian Article - https://www.theguardian.com/busines...estimated-damage-austerity-would-do-to-greece

BBC - http://www.bbc.co.uk/news/business-22791248

WSJ - http://www.wsj.com/articles/SB10001424127887324299104578527202781667088


Interesting how the sensationalised headline is so different on the Telegraph. Disastrous love affair and immolation Wow!


With respect to knowing all this back in the 80s, referring to events in 2007-8 and PIGS melt down??? Well if they say so... you should believe them judged on all their previous news reporting.


What is known is that having a common market, with a common currency, one needs common fiscal rules. It is not enough to have free movement of labour and partial harmonisation of some tax (like VAT) and trading rules.

However, to get powers to set common fiscal rules needs legislative and further powers for EU Parliament to take and that needs more political union and their lies the crux of the problem.

With respect to PIGS problems, it is largely their own making which weren't checked or controlled by the EU. Tough balancing act imo. You can take that and sell facts anyway you want.

All chickens come home to roost sooner or later...


Telegraph is such a naff paper to read. My strong opinion and yes I know we all have them too. (n)
Click to expand...

One thing for sure, iv'e no intention of wading through that little lot, thanks.

Let me just sum up why the EU cannot work, and all this has been debated throughout the 70's, 80's, 90's and beyond.

Different cultures, countries, ethos, all supposedly working together to create One big harmonious productive group.

This is absolute sphericals !

Are you suggesting that productive countries like Germany and the UK have the same values and goals as countries like Greece, Spain, Portugal etc. The latter countries shut down in the afternoon for a nap!

So this puts to bed the myth that everyone is working together to achieve the same ends. The reality is, that the more productive countries end up subsidising the rest and the aggregate performance becomes mediocre, or in times of slowdown or crisis, negative. Less productive countries become a drag on overall performance!

So, the bigger the group, the worse the overall performance of the whole.

Lying politicians trying to convince everyone that "it's in our interests to be part of a bigger group".
Well, they have all done a remarkable job haven't they, by deflecting, diverting, manipulating, etc. Anything but asking the people what they think !

Why different age groups voted for different sides of the argument.

Pretty simple answer is that the older you are, the more you have lived through this experiment and all the arguments along the way, the more likely you were to vote out.
The younger generations know less about anything that has gone before. (these are the Ones who can be manipulated and be told anything). They don't have experiential, informed wisdom to draw their own conclusions. (think SNP and votes for 16 yr olds)

Eurozone performance is dire and will only get worse. This is why it will all collapse over time.
 
counter_violent said:
One thing for sure, iv'e no intention of wading through that little lot, thanks.

Didn't ask you to read it all. Just compare headlines and few paragraphs. Presentation by Telegraph and the sensationalising headlines says it all.

Depends how you like your news to be fed.

Let me just sum up why the EU cannot work, and all this has been debated throughout the 70's, 80's, 90's and beyond.

Has been working since the 1950s. UK had same views back then as you do now. Didn't join until 1972. Ask your self why and what happened in those 22 years?

Different cultures, countries, ethos, all supposedly working together to create One big harmonious productive group.

This is absolute sphericals !

Brexit camp touts the Common Wealth a lot and their cultures considerably different to EUs. Anyhow each to their own but Europe is indeed coming together whether we think it or not.

Are you suggesting that productive countries like Germany and the UK have the same values and goals as countries like Greece, Spain, Portugal etc. The latter countries shut down in the afternoon for a nap!

In countries like Italy, Portugal and Spain one can't work between 12-2pm! It's simply too hot. So one has Siesta time and work longer in the evening. Shops stay open longer into the night. Different countries have different strengths and advantages.

So this puts to bed the myth that everyone is working together to achieve the same ends. The reality is, that the more productive countries end up subsidising the rest and the aggregate performance becomes mediocre, or in times of slowdown or crisis, negative. Less productive countries become a drag on overall performance!

Same old North South divide story. Whether it's within a country like the UK or EU, demographic factors always play a part.

So, the bigger the group, the worse the overall performance of the whole.

Lying politicians trying to convince everyone that "it's in our interests to be part of a bigger group".
Well, they have all done a remarkable job haven't they, by deflecting, diverting, manipulating, etc. Anything but asking the people what they think !

Why different age groups voted for different sides of the argument.

Pretty simple answer is that the older you are, the more you have lived through this experiment and all the arguments along the way, the more likely you were to vote out.
The younger generations know less about anything that has gone before. (these are the Ones who can be manipulated and be told anything). They don't have experiential, informed wisdom to draw their own conclusions. (think SNP and votes for 16 yr olds)

Eurozone performance is dire and will only get worse. This is why it will all collapse over time.
Click to expand...


Wow, quite a put down on younger generations. :eek:

At what age would you consider one who has sufficient experience of life to be able to judge then?
 
Atilla said:
Wow, quite a put down on younger generations. :eek:

At what age would you consider one who has sufficient experience of life to be able to judge then?
Click to expand...

Obviously there will be overlap across all generations.

But in general, older more life experienced people will vote according to that accumulated experience and wisdom. The Ones who learned from their own and others mistakes.
 
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