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When will Bozo lose the trust of the GBP?
When will Bozo lose the trust of the GBP?
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Replies: 257
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The Only people into NZ and OZ for that matter are Tourists FFS how many are in and out a day , The Ozzies let a boat load of infected people in , that was there main problem ................
we Were letting plane loads in every 30 seconds , What could possibly go Wrong ?? |
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Angoose a collapsing currency that cant pay its debts as theres no economy.
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What will the currency collapse against, all of the countries not suffering from the impact of COVID ?
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Dotch , it needs to be Lifted Ringfence the Vunerable June the 1st , As I have stated where I live there was little or No cases ,3 weeks of Lockdown we are top of the Chart work that out ??
3 weeks ago 16 poor souls died in a care home up the road , I said then the only reason is , THE VIRUS was rife in the community ,the figures after 3 weeks Lockdown can only support that theory ... |
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Trump is peddling negative rates, I think we have much leg room before we collapse our currency
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We need to Resume in JUNE , any longer will far outweigh the benefits of any further lockdown ,,,,,,,,,
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We're **** but so is half the planet. But to suggest we'd have 30000 less deaths if the tories weren't in charge is one of the most bonkers comments I've seen on betfair, and that is saying a lot.
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Let's hope the lockdown works and we can open in June.
Can't see sport having spectators, nor passengers on airlines Can just hope folk take stay cations and get money pumping through local economies. |
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I didn't mean tories in charge, hope I didn't come across like that
It's 30k extra because of Boris johnson |
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I dont think all countries will suffer equally. By terrifying our population who appear to be the most cowardly in the world we will struggle to bounce back anywhere near as quickly as people think.
Japan and China certainly arent affected as badly as us and neither is Germany. Trump may well have screwed up badly but he is helped by having the largest economy and the dollar. Huge areas of the world have better demograpics and were growing far quicker before this and will recover faster and theres loads of other smaller economies that havent been hit as hard. May be easier to ask who is in the same mess as us? Short list but probably just Italy and Spain. |
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France and Germany have invested a lot of cash too, that will need a decent recovery to cover short term
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Dotch, give me a date by which you believe that the UK will experience inflation of three figures i.e. greater than 100%, and I'll make a request to Betfair to put up a market. If you could also provide an indication as to how you would price the market, it would be appreciated.
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And if I won? What will my winnings be worth?
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Open a euro account
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It's 30k extra because of Boris johnson ,Have you lost the Plot
 So Boris made all the Decisions ??? |
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The PM any PM would have had Cobra Meetings and Scientific Advice IMVHO , as far As I know BJ is not a Consultant Virologist
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Odd that he passed advice about shaking hands with folk who had caught the virus, followed his own advice, and ended up in critical care bed
I think that sort of proves he thought he knew better than the virologists Sadly for the excess 30,000 already dead over the good result of 20k deaths You've had a bad week and ask if I have lost the plot,... Er no! |
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Keep waiting. Im negative about the future of the UK and its currency and I think substantial inflation is almost certain in the coming years along with a huge drop in living standards in this country. Putting a time on that given the uncharted waters we are
currently in is impossible and id have no idea how I would price it. All I know is that personally im already limiting my exposure to sterling. |
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Which currency are you switching to ?
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More a case of switching out of cash and into different classes of assets than switching into deposits in another currency. Been plenty of good opportunities over the last 6 weeks or so.
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How will those asset classes be protected from an economy with 100%+ inflation ?
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layingisthewayforward
08 May 20 07:53 Joined: 08 Sep 05 | Topic/replies: 2,493 | Blogger: layingisthewayforward's blog The general consensus on here is that he locked down too late thus murdering thousands of people, is that right? ^ Maybe from some on here. Those who would have liked to go down the Australia/NZ route and close the borders... But how long for? We have to live with this for potentially years. Countries will either have to open up or face economic ruin. When they open up people will catch it. The second option was to have a more grown up approach like Sweden. Protect the older people and those with underlying conditions (99% of the deaths) and let everyone else get in with it with sensible social distancing. Can do this for over a year and economy will not be so bad. Slowly immunity builds. The approach by UK, USA, Italy, Spain and France was the worst one. Lock down once the virus had spread to millions of people but not look after the vulnerable. Get the deaths but also crash the economy by locking up the young healthy people. Boris' biggest mistake was believing the media hype after Neil 'Lockdown' Ferguson's over the top estimates that were based wrong assumptions. Ferguson clearly did not believe in it as he broke the lockdown himself. If Boris had stuck his guns and gone with the shielding policy we would all be better off. |
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To put it another way, what has Boris done impressively during this pandemic so far? A lot of people defending him, they should be able to come up with a good few examples between them.
You top 3 guys all caught the virus. Read into what the foreign media are saying, there is a reason they are saying that. Your own media are useless. |
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Theres only so much you can do isnt there? I mean if there is a world wide depression everyones going to lose money. I just think a sensible strategy spreading risk across classes/currencies (you dont need to hold that currency directly) is a good way forward.
Holding sterling cash deposits is going to get riskier and riskier as time goes on. As always its just my opinion I might be wrong. |
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I think having sterling deposits and nothing else is way too risky.
Assets are looking a decent punt even more so if we get crash out brexit |
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Sterling has fared extremely poorly against the Euro and the Dollar ever since the referendum nearly 4 years ago. And savings in this country haven't made money for over well over 10 years. So, anyone switching away from sterling now has rather missed the boat, haven't they?
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The past is irrelevant. Focus on the future would be my advice.
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lurka
08 May 20 16:10 Joined: 25 Oct 10 | Topic/replies: 15,416 | Blogger: lurka's blog To put it another way, what has Boris done impressively during this pandemic so far? A lot of people defending him, they should be able to come up with a good few examples between them. ^ True he failed. He got spooked and took the easy option to follow Spain, Italy and France and ditch the correct policy. Safety in numbers. |
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You might be right re your fears with sterling,i don't know either,Eustice on daily briefing whether just bs is saying on course for brexit, looks likely a no deal one to me as reading Phil Hogan yesterday saying nothing is happening.
Ok say no-deal,even Gove has admitted that is going to leave the British public poorer for many years to come,throw in covid bills and it looks bleak to say the least. I know and accept the referendum result ought to be honoured but the goalposts have changed as well,i'm not sure of the answer but it looks a dangerous road to be going down,surely you have to deal with the EU to some extent? I am not saying that as a remainer,labour voter,leftie luvie or anything but surely for the good of the average person a long hard look at things are needed now? |
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I thought Brexit would be fine so long as we had a decent PM and Government.
Now I keep thinking of Blackadder when he joined the air force and Darling says Dont worry you will be just fine so long as you have a good navigator just before Baldrick appears. |
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I don't think the past is irrelevant to any investor, tbh.
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In this context it is. All that matters is the outlook for the future. Its like holding onto a share that has done badly just because you are losing money even though the situation is deteriorating still.
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Yeah, might be a tumbleweed job waiting for the Boris Boys to tell us what he has done well.
Doubtless they'll still support him anyway though. |
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Getting Brexit done was the main achievement so far.
Now it is all about leveling up the country. Going forward we need to get high tech manufacturing back so that we can slowly get ourselves off our reliance on imports from China. |
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But Theresa May got brexit done with a better deal than Boris?
They(Boris,Rees Mogg,Gove etc) stabbed her in the back for their own ends to the detriment of the British people. |
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Anyone who has savings in this country in the last 15 to 20 years has been losing money hand over fist, unless they have it in property.
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Indeed Des. All im saying is that I think the losses could quicken dramatically from now on in. Nobody should ever sit on cash for anything other than short term needs anyway. Thats always been a bad strategy.
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Okay dotch, I take your point.
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spot on pa.they wanted no deal and still will be angling to get it.
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