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Sterling rout not yet over as no-deal Brexit odds jump - Reuters poll


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5 hours ago, beautifulthailand99 said:

Thanks Nigel - the world's problems have never been solved  by hate,division and the rich getting richer which is where we are now. Just finished watching a brilliant movie/documentary on Noam Chomsky where he says for Us and the western world the 50 and 60 s were the greatest time ever in redistribution of wealth from the capital owning class to the working class and there was indeed an American Dream. But in the 70s and then 80s the fightback of capital began - Reagan/Thatcher , the demonization of organised labour the privatisation of much of the common held services and the increasing financialization of the economy which went from a service to business to being the biggest business. And that capital had to change the model of increasing wealth,power and freedom in the working classes. The 'populism' trope that is now the biggest game in town is a boon to the rich who have never been richer and have never taken away more of the financial gains of the mass of western populations. 'Immigrants' have always been and will always be the easiest way to sow division and create anger rather than look up at who is really stealing their hopes and future......

I have read a fair bit of Chomsky, and broadly agree with his views, although he does loose the plot a bit occasionally nowadays. His defense of Corbyn was largely hyperbole. His former student Steven Pinker, although dry by comparison, is more measured, and produces much more statistical evidence to back up what he says. The New Enlightenment is a great book. It is also rather positive about the progress we have made is the last 100 years. This view is not popular amongst the people who are convinced that everything is getting worse, although of course for some it inevitably is.

 

It is possible that many of the Brexiteers that discuss things here and elsewhere, are involved in huge tax avoidance schemes, and/or have (Like Cameron's dad) got tens of 1000s of pounds stuffed away in the Cayman islands. If so then they are at least acting logically to protect their wealth. Somehow I suspect this is not the case, and they will wake up one day to realize that they have been mugged. 

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On 8/15/2019 at 11:30 PM, Loiner said:


Nope. We know who expats are and retirees are not, even if you would like to think you are.

How full of oneself does somebody have to be to take a position contrary to the that of the Cambridge English Dictionary? Full to overflowing, I'd say.

"someone who does not live in their own country:"

https://dictionary.cambridge.org/dictionary/english/expatriate

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How full of oneself does somebody have to be to take a position contrary to the that of the Cambridge English Dictionary? Full to overflowing, I'd say.
"someone who does not live in their own country:"
https://dictionary.cambridge.org/dictionary/english/expatriate

Yep, full of it and more accurately that your dictionary. What other sources would you like to quote, The Grauniad or The Undependant?
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2 hours ago, Loiner said:


Yep, full of it and more accurately that your dictionary. What other sources would you like to quote, The Grauniad or The Undependant?

So now the Cambridge Dictionary is part of the left wing conspiracy? Are you serious? When you write this stuff, do you actually bother to read it?

I guess the Merriam webster dictionary, the preeminent American dictionary, is another leftist source:

 noun
ex·pa·tri·ate | \ ek-ˈspā-trē-ˌāt  , -ət\

Definition of expatriate (Entry 3 of 3)

 

Definition of expatriate (Entry 3 of 3)

: a person who lives in a foreign country
 
Do all Brexiters take some kind of oath to defend each others statements no matter how foolish they are?
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I am on my way back to the UK now I just worked out that in my local Wetherspoons it will be between 56 - 81 THB for a pint of real ale.I don't know what to make of that to tell the truth.Apart from I can't see me going abroad for years what's the point when it will break the bank and I have seen it all before.

Sent from my SM-G965F using Tapatalk

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12 minutes ago, juice777 said:

I am on my way back to the UK now I just worked out that in my local Wetherspoons it will be between 56 - 81 THB for a pint of real ale.I don't know what to make of that to tell the truth.Apart from I can't see me going abroad for years what's the point when it will break the bank and I have seen it all before.

Sent from my SM-G965F using Tapatalk
 

 

 

Don't forget though, you will die after 31 October because all the UK's food supplies will stuck in Calais, there will be no electricity and there will be violent street protests in every leafy village in England; Scotland will be closed and the Irish will keep all there potatoes.

 

The one saving grace for you is that your Wetherspoons pint will probably only be 5 Baht as a result of the Pound crashing to 20 Baht and Tim Martin discounting all his beers by 50%.

 

Actually, ....... I might come back myself.

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15 minutes ago, St George said:

The one saving grace for you is that your Wetherspoons pint will probably only be 5 Baht as a result of the Pound crashing to 20 Baht and Tim Martin discounting all his beers by 50%.

I changed pounds last week at 37.2, so of course this week it's gone up to 37.7.

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1 hour ago, bristolboy said:

The reason for the uptick being that there's been some renewed hope that Parliament can stop Brexit.

 Exactly. The money markets (and rating agencies) that had no problem with the events leading up to the '08 crash, are now determined (for the same reasons) that brexit must be stopped....

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2 minutes ago, <deleted> dasterdly said:

 Exactly. The money markets (and rating agencies) that had no problem with the events leading up to the '08 crash, are now determined that brexit must be stopped....

Sure. Because these people are acting in a huge conspiracy. Nothing at all to do with how they perceive risk.

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31 minutes ago, bristolboy said:

Sure. Because these people are acting in a huge conspiracy. Nothing at all to do with how they perceive risk.

They got it very wrong previously ('08 crash) and there's no reason to believe they again have no idea, but of course are following their own personal/financial interests.

 

Sorry to 'bang on' about this - but the 'experts' and financial world got it VERY wrong prior to the '08 crash....

 

And yet expect us to believe that they are no longer beholdened to their own financial interests - this time they are knowledgeable and unbiased, certainly not swayed by their own financial interests ????!

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2 hours ago, <deleted> dasterdly said:

They got it very wrong previously ('08 crash) and there's no reason to believe they again have no idea, but of course are following their own personal/financial interests.

 

Sorry to 'bang on' about this - but the 'experts' and financial world got it VERY wrong prior to the '08 crash....

 

And yet expect us to believe that they are no longer beholdened to their own financial interests - this time they are knowledgeable and unbiased, certainly not swayed by their own financial interests ????!

Are you seriously claiming that the money market traders got it wrong about the effects of the brexit vote? Really?

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9 hours ago, juice777 said:

I am on my way back to the UK now I just worked out that in my local Wetherspoons it will be between 56 - 81 THB for a pint of real ale.I don't know what to make of that to tell the truth.Apart from I can't see me going abroad for years what's the point when it will break the bank and I have seen it all before.

Sent from my SM-G965F using Tapatalk
 

was in wetherspoons [in london] tuesday nite----12 oz rump steak chips peas mushroom and a tomato +a pint of kronenburg £9.50 steak was superb.

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19 minutes ago, kingdong said:

was in wetherspoons [in london] tuesday nite----12 oz rump steak chips peas mushroom and a tomato +a pint of kronenburg £9.50 steak was superb.

...and 'a' tomato?... only one (1) tomato?

 

Some folk are far too easily impressed IMHO.

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"the money markets"who? the payday loan sharks and the "release the equity from your property" mobs, every other advert on tv seems to be one of these,come back nick leeson all is forgiven,don,t forget all you "ex-pats" the main reason the pound is low is gordon [they,ll be no more boom and bust] brown devalueing [sorry,quantative easing,lot more catchy]the pound to bail out all his banking buddies in the city.well ppi claims end 31 aug everyone,don,t forget to contact a "financial services" firm to let them charge you 20% of your claim to  fill a form out for you,diamond geezers.

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18 minutes ago, NanLaew said:

...and 'a' tomato?... only one (1) tomato?

 

Some folk are far too easily impressed IMHO.

lot better value[despite the cheap labour] meal than you can get in pattaya,had so many gash meals that i take an electric skillet and cook my own,no it was only half a tomato,and all the bar and restaurant owners wonder why pattaya is so empty,what with sky high prices and kak service in what is essentialy a 3rd world country theres your answer,the golden days of tourism have had the harris torn out of it.

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On 8/12/2019 at 2:27 PM, Nigel Garvie said:

About immigrants if you doubt they are contributing overall to UK Plc, please supply factual statistical evidence from reputable sources (Not Tabloids) rather than vague contentions such as "It just isn't true".  

 

"not tabloids"are there any broadsheets left?"factual statistical evidence"?  heres a statistic for you---- "you,ve got more chance of dying in a road accident driving to the beach,than being killed by a shark" now if the "you" applies to every person in the world [including some slag who lives in the middle of the gobi desert and has never seen the ocean] its true however if you only apply it to people who swim in dangerous sharks habitat those odds plummet.all depends on your [or the person paying you]slant on the "statistic".

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4 hours ago, bristolboy said:

Are you seriously claiming that the money market traders got it wrong about the effects of the brexit vote? Really?

2 hours ago, kingdong said:

yes

What's it like in the alternative universe you inhabit?

Pound tumbles to 30-year low as Britain votes Brexit

https://www.ft.com/content/8d8a100e-38c2-11e6-a780-b48ed7b6126f

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13 minutes ago, bristolboy said:

What's it like in the alternative universe you inhabit?

Pound tumbles to 30-year low as Britain votes Brexit

https://www.ft.com/content/8d8a100e-38c2-11e6-a780-b48ed7b6126f

Britain did devalue the Pound, which should be really good news for the British exporters. This is exactly what some folks have been saying Italy, Greece and some other countries should have done. 

 

Devaluing currency basically means lowering the local salaries compared to other countries. Thus making manufacturing cheaper as the labour costs are lowered. Good for businesses.

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15 minutes ago, manitoba said:

Britain did devalue the Pound, which should be really good news for the British exporters. This is exactly what some folks have been saying Italy, Greece and some other countries should have done. 

 

Devaluing currency basically means lowering the local salaries compared to other countries. Thus making manufacturing cheaper as the labour costs are lowered. Good for businesses.

Britain did not devalue the pound. This was not a plan executed by the UK. The pound floats freely in the currency markets. The pound lost value due to the prospect of Brexit.

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2 minutes ago, bristolboy said:

Britain did not devalue the pound. This was not a plan executed by the UK. The pound floats freely in the currency markets. The pound lost value due to the prospect of Brexit.

But effectually Britain did devalue the pound? 

 

Even now the British working class folks are quarter poorer compared to the folks outside of Britain. 

 

 

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18 minutes ago, manitoba said:

But effectually Britain did devalue the pound? 

 

Even now the British working class folks are quarter poorer compared to the folks outside of Britain. 

 

 

It was a second order effect. 

And, no, British working class folks aren't a quarter poorer. The British economy doesn't consist solely of imports.

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31 minutes ago, bristolboy said:

It was a second order effect. 

And, no, British working class folks aren't a quarter poorer. The British economy doesn't consist solely of imports.

Let's have a fun get together in Spain with loads of dine and wine. 

 

- UK folks.. uh, perhaps another time.

- The rest of the World.. hey, that's a great idea, let's do it!

 

UK people are now quite a lot poorer compared to just few years ago.

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