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"He is delivering a speech now on Sky...... Not sure wtf language he is using.... He is rambling round and round in circles! Still markets are calm, rising slightly again. FTSE back to same as it was in March when it looked like remain would win. Not sure it much matters what he is saying today. As long as he is prepared to act as and when required. Looks like nothing needed to be done just now. Maybe the reason for the waffle?" I'll take Mark Carneys view of the economy over yours...... | |||
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"He is delivering a speech now on Sky...... Not sure wtf language he is using.... He is rambling round and round in circles! Still markets are calm, rising slightly again. FTSE back to same as it was in March when it looked like remain would win. Not sure it much matters what he is saying today. As long as he is prepared to act as and when required. Looks like nothing needed to be done just now. Maybe the reason for the waffle? I'll take Mark Carneys view of the economy over yours......" Steady on now, whats with this taking expert opinion into account. What would Michael Gove think? | |||
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"did anyone else hear his suggestion that interest rates will drop from 0.5% to 0.25% . this is good news for home buyers with mortgage . and not so good for me and others with savings "It also caused an immediate 2% drop in sterling against the dollar. It had been slowly rising up until then..... | |||
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"did anyone else hear his suggestion that interest rates will drop from 0.5% to 0.25% . this is good news for home buyers with mortgage . and not so good for me and others with savings
It also caused an immediate 2% drop in sterling against the dollar. It had been slowly rising up until then....."YES; Fantastic news for export & bussiness | |||
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"Last week he was predicting Armageddon if we voted leave. The stock market has just hit an all time high. Should he resign?" Its not even as high as last week and the pound is still falling wake up | |||
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"Last week he was predicting Armageddon if we voted leave. The stock market has just hit an all time high. Should he resign? Its not even as high as last week and the pound is still falling wake up " Fallacy again! The figures have just been announced, please stick to the facts and not the FB opinions | |||
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"Last week he was predicting Armageddon if we voted leave. The stock market has just hit an all time high. Should he resign? Its not even as high as last week and the pound is still falling wake up Fallacy again! The figures have just been announced, please stick to the facts and not the FB opinions " the pound is still down against the dollar and stock market hasn't reached pre brexit levels | |||
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"Last week he was predicting Armageddon if we voted leave. The stock market has just hit an all time high. Should he resign? Its not even as high as last week and the pound is still falling wake up Fallacy again! The figures have just been announced, please stick to the facts and not the FB opinions the pound is still down against the dollar and stock market hasn't reached pre brexit levels " the stock market has passed pre Brexit levels | |||
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"Last week he was predicting Armageddon if we voted leave. The stock market has just hit an all time high. Should he resign? Its not even as high as last week and the pound is still falling wake up Fallacy again! The figures have just been announced, please stick to the facts and not the FB opinions " Pound still down http://www.marketwatch.com/ Stocks still Down on pre brexit position Best you look at facts !!!!!!! | |||
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"Stock market up 3.7% trading at 6568 Most world markets especially Far East are down" Stock market still down on last week and pound down last week and this time last year ..and all that happened was the British people voiced their opinion .. One can only imagine the carnage that will follow imvoking article 50,without a plan .. | |||
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"Stock market up 3.7% trading at 6568 Most world markets especially Far East are down" Rich mark carney to step in due to the dire straits we have been put in ..you seem to spread as many lies as the brexit campaign dire financial straits just on the opinion of the British ..brexit for real will cause carnage !!!!!!!!! | |||
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"Stock market up 3.7% trading at 6568 Most world markets especially Far East are down Rich mark carney to step in due to the dire straits we have been put in ..you seem to spread as many lies as the brexit campaign dire financial straits just on the opinion of the British ..brexit for real will cause carnage !!!!!!!!! " . Do you happen to know what the pound was trading at agaist the dollar before the banking crises?. It feel about 60c in three months, didn't even make the financial page, let alone the front page. Why do you think Germany is keen on the euro and the shit countries that keep the euro down? Why do you think German industry had a field day the years following the banking crises when the euro collapsed in value?. Why do you think China manipulates their currency down, why do you think the states biggest gripe is China's manipulation, why do you think Chinese industry succeeded brilliantly with 0% interest and a worthless renminbi for decades?. . . . Of course none of them was afforded the luxury of cheap foreign holidays... Shucks | |||
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"Stock market up 3.7% trading at 6568 Most world markets especially Far East are down Rich mark carney to step in due to the dire straits we have been put in ..you seem to spread as many lies as the brexit campaign dire financial straits just on the opinion of the British ..brexit for real will cause carnage !!!!!!!!! . Do you happen to know what the pound was trading at agaist the dollar before the banking crises?. It feel about 60c in three months, didn't even make the financial page, let alone the front page. Why do you think Germany is keen on the euro and the shit countries that keep the euro down? Why do you think German industry had a field day the years following the banking crises when the euro collapsed in value?. Why do you think China manipulates their currency down, why do you think the states biggest gripe is China's manipulation, why do you think Chinese industry succeeded brilliantly with 0% interest and a worthless renminbi for decades?. . . . Of course none of them was afforded the luxury of cheap foreign holidays... Shucks "You're blind to the carnage a real exit will do ...listen to the bank of England .....read the reports chinas financial position is not Rosie.... | |||
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"Still markets are calm, rising slightly again. FTSE back to same as it was in March when it looked like remain would win. Not sure it much matters what he is saying today." Brilliant analysis!
In other news:
* Pound falls as Bank of England hints at fresh stimulus measures
*A deteriorating economic outlook means action from the Bank is likely during the summer, Mr Carney said.A cut in interest rates would have a knock-on effect on savings rates, and makes the pound a less attractive currency to hold and do business in.
* Market volatility
* Mr Carney said that the Bank stood ready to provide more than £250bn of additional funds if required.
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"Still markets are calm, rising slightly again. FTSE back to same as it was in March when it looked like remain would win. Not sure it much matters what he is saying today. Brilliant analysis!
In other news:
* Pound falls as Bank of England hints at fresh stimulus measures
*A deteriorating economic outlook means action from the Bank is likely during the summer, Mr Carney said.A cut in interest rates would have a knock-on effect on savings rates, and makes the pound a less attractive currency to hold and do business in.
* Market volatility
* Mr Carney said that the Bank stood ready to provide more than £250bn of additional funds if required.
"The pound actually finished a few cents up on the day. Next fallacy please | |||
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"Still markets are calm, rising slightly again. FTSE back to same as it was in March when it looked like remain would win. Not sure it much matters what he is saying today. Brilliant analysis!
In other news:
* Pound falls as Bank of England hints at fresh stimulus measures
*A deteriorating economic outlook means action from the Bank is likely during the summer, Mr Carney said.A cut in interest rates would have a knock-on effect on savings rates, and makes the pound a less attractive currency to hold and do business in.
* Market volatility
* Mr Carney said that the Bank stood ready to provide more than £250bn of additional funds if required.
The pound actually finished a few cents up on the day.
Next fallacy please"Still well down on last week .. | |||
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"did anyone else hear his suggestion that interest rates will drop from 0.5% to 0.25% . this is good news for home buyers with mortgage . and not so good for me and others with savings "Realistically .25% isn't gonna knock much more than a few quid off most mortgages | |||
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"Still markets are calm, rising slightly again. FTSE back to same as it was in March when it looked like remain would win. Not sure it much matters what he is saying today. Brilliant analysis!
In other news:
* Pound falls as Bank of England hints at fresh stimulus measures
*A deteriorating economic outlook means action from the Bank is likely during the summer, Mr Carney said.A cut in interest rates would have a knock-on effect on savings rates, and makes the pound a less attractive currency to hold and do business in.
* Market volatility
* Mr Carney said that the Bank stood ready to provide more than £250bn of additional funds if required.
The pound actually finished a few cents up on the day.
Next fallacy please"Is that an example of newspeak? | |||
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"Still markets are calm, rising slightly again. FTSE back to same as it was in March when it looked like remain would win. Not sure it much matters what he is saying today. Brilliant analysis!
In other news:
* Pound falls as Bank of England hints at fresh stimulus measures
*A deteriorating economic outlook means action from the Bank is likely during the summer, Mr Carney said.A cut in interest rates would have a knock-on effect on savings rates, and makes the pound a less attractive currency to hold and do business in.
* Market volatility
* Mr Carney said that the Bank stood ready to provide more than £250bn of additional funds if required.
The pound actually finished a few cents up on the day.
Next fallacy please
Is that an example of newspeak?"No it's looking at the figures, stock markets around the world dropped while the ftse peaked at its highest level for 10 months | |||
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"FTSE100 is mainly international larger corporations while FTSE250 is mainly smaller uk focused businesses so they don't react in the same way." agreed the 250 is seen as a better barometer of uk plc by some.. | |||
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"FTSE100 is mainly international larger corporations while FTSE250 is mainly smaller uk focused businesses so they don't react in the same way. agreed the 250 is seen as a better barometer of uk plc by some.." . Or the fact that the companies on the FTSE 100 will have access to that 250 billon at 0.25% interest where as the companies on the 250 won't or at least won't have the scope. If you want a proper economy, drop the pound in value by at least 40% and put the interest rate up to at least 5%. End the tax dodging,Free the markets of corruption and cronyism and release the dogs capitalism.... | |||
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"FTSE100 is mainly international larger corporations while FTSE250 is mainly smaller uk focused businesses so they don't react in the same way. agreed the 250 is seen as a better barometer of uk plc by some... Or the fact that the companies on the FTSE 100 will have access to that 250 billon at 0.25% interest where as the companies on the 250 won't or at least won't have the scope. If you want a proper economy, drop the pound in value by at least 40% and put the interest rate up to at least 5%. End the tax dodging,Free the markets of corruption and cronyism and release the dogs capitalism...." Difficult to drop the pound by raising interest rates ? | |||
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"did anyone else hear his suggestion that interest rates will drop from 0.5% to 0.25% . this is good news for home buyers with mortgage . and not so good for me and others with savings "the interest rate may need to come down as people stop spending and the economy slows down and contracts... it give people a disentive to save even more...... you do that.... and the exchange rate may come down even further.... thus sending prices up | |||
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"FTSE100 is mainly international larger corporations while FTSE250 is mainly smaller uk focused businesses so they don't react in the same way. agreed the 250 is seen as a better barometer of uk plc by some... Or the fact that the companies on the FTSE 100 will have access to that 250 billon at 0.25% interest where as the companies on the 250 won't or at least won't have the scope. If you want a proper economy, drop the pound in value by at least 40% and put the interest rate up to at least 5%. End the tax dodging,Free the markets of corruption and cronyism and release the dogs capitalism.... Difficult to drop the pound by raising interest rates ?" . No it's really easy you just print more and lend more | |||
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"the reason the FTSE 100 went up is because sterling went down after Carneys announcement today.. the FYSE 250 is still down about 8% since last week and that is a far more accurate perspective on 'UK plc'.." correct... because the FTSE 100 tends to be full of mutlinationals, it actually isn't the best indicator of what is happening in UK plc, which is why people look at the FTSE, because that is full of british companies... | |||
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" The pound actually finished a few cents up on the day. Next fallacy please" before last thursday... the pound/dollar exchange rate was £1/$1.50..... now its £1/$1.34 so in the scheme of things... not quite a fallacy... | |||
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"Still markets are calm, rising slightly again. FTSE back to same as it was in March when it looked like remain would win. Not sure it much matters what he is saying today. Brilliant analysis!
In other news:
* Pound falls as Bank of England hints at fresh stimulus measures
*A deteriorating economic outlook means action from the Bank is likely during the summer, Mr Carney said.A cut in interest rates would have a knock-on effect on savings rates, and makes the pound a less attractive currency to hold and do business in.
* Market volatility
* Mr Carney said that the Bank stood ready to provide more than £250bn of additional funds if required.
The pound actually finished a few cents up on the day.
Next fallacy please
Is that an example of newspeak?
No it's looking at the figures, stock markets around the world dropped while the ftse peaked at its highest level for 10 months "But then goldminers in Africa or petrochemicals with operations world wide or even stinky fag firms hooking kids in Brazil don't need to word so much about a uk recession do they?, is the money following uk banks builders and retailers?...and the UK jobs they support? | |||
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 ):
The Brussels Bel20 is at a 10 month low and down 52 on the day.
The Frankfurt DAX is at a 10 month low and 159 down on the day.
The Paris CAC40 is at a 5 monthn low which was then at a further 5 month low. And down 63 on the day.
http://www.bbc.co.uk/news/business/markets/europe/lse_ukx
On the Currency front:
"Goldman Sachs believe that the British pound will reach its nadir in six months and could possibly be trending higher once again in 12 months time."
"Brexit has made the Euro arguably more vulnerable than it has ever been, suggests Handelsbanken’s Pierre Carlsson in a recent research note, and this could weaken it even more than sterling if the union starts tearing at the seams"
"The flash estimate for Eurozone consumer price inflation showed a 0.1% rise in overall inflation, which was higher than the 0.0% analysts had forecast and the -0.1% previously.
Core CPI, which excludes Food, Energy, Tobacco and Alcohol also rose above expectations, reaching 0.9% versus the 0.8% expected."
https://www.poundsterlinglive.com/eur
It is right Carney keeps the Markets informed and gives the Banks some extra freedom especially as British Banks have been made to create very favourable cash positions just for situations like this. Compare that to the Eurozone banks where some are basically bankrupt and needing ECB funding. ie Taxpayer funding. | |||
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"I see some foreign based posters are happily talking against the facts again: The FTSE100 is right now at a 10 month high and is up 4.8 on the day and up 21 on the day. The FTSE250 is 1200 higher than it was in January this year and about 600 lower than it was in September 2015 The FTSE350 is now at a 10 month high. So generally the markets are now stabilising, taking profits at the end of the fortnightly Account and ending up higher. However in the mighty EU which we should never have left ( ):
The Brussels Bel20 is at a 10 month low and down 52 on the day.
The Frankfurt DAX is at a 10 month low and 159 down on the day.
The Paris CAC40 is at a 5 monthn low which was then at a further 5 month low. And down 63 on the day.
http://www.bbc.co.uk/news/business/markets/europe/lse_ukx
On the Currency front:
"Goldman Sachs believe that the British pound will reach its nadir in six months and could possibly be trending higher once again in 12 months time."
"Brexit has made the Euro arguably more vulnerable than it has ever been, suggests Handelsbanken’s Pierre Carlsson in a recent research note, and this could weaken it even more than sterling if the union starts tearing at the seams"
"The flash estimate for Eurozone consumer price inflation showed a 0.1% rise in overall inflation, which was higher than the 0.0% analysts had forecast and the -0.1% previously.
Core CPI, which excludes Food, Energy, Tobacco and Alcohol also rose above expectations, reaching 0.9% versus the 0.8% expected."
https://www.poundsterlinglive.com/eur
It is right Carney keeps the Markets informed and gives the Banks some extra freedom especially as British Banks have been made to create very favourable cash positions just for situations like this. Compare that to the Eurozone banks where some are basically bankrupt and needing ECB funding. ie Taxpayer funding."Are short term position is meaningless. Until we start the actual exit process all we have is short term market uncertainty. Don't count chickens that haven't even been laid yet, let alone hatched. | |||
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" The pound actually finished a few cents up on the day. Next fallacy please before last thursday... the pound/dollar exchange rate was £1/$1.50..... now its £1/$1.34 so in the scheme of things... not quite a fallacy..." Fabio .... OK so you select the price the markets priced Sterling at as they expected a 'Remain' vote' Its called 'making a market'. Happens every day. Its just they are now making more $ profits than they expected. A year ago the £ / $ was about 1.56. Pre the day of the Referendum it was about 1.44. A fall of 0.12. It is now about 1.31 a drop of 11 and recovering. http://moneyweek.com/prices-news-charts/gbpusd/ So why weren't you talking of 'fallacies' when it had dropped more? Probably because it was same shit different day at the Banksters money market. Only now you can try and blame us Brexiters when in fact the money markets are now pricing against Sterling because of UK bank exposure in Italy, Spain and Greece as they are now exposed to bad loans when we helped bale them out. There is no doubt everything is in turmoil and this creates uncertainty but the European Bourses and the Euro are doing worse than the UK is right now. | |||
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"He's made another statement that he will help banks lend more. Will banks take up the challenge and will anyone want to borrow or are the risks too great at the moment? Commercial property seems to be the most spooked area today. " Property isn't the place to be right now. UK Government Bonds, Gold and actually Sterling are now the 'must buys' but property will come back as it always does. We are not short of commercial or indeed industrial property its housing we need and there is no reason why shouldn't keep building given the basic demand. | |||
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" The pound actually finished a few cents up on the day. Next fallacy please before last thursday... the pound/dollar exchange rate was £1/$1.50..... now its £1/$1.34 so in the scheme of things... not quite a fallacy... Fabio .... OK so you select the price the markets priced Sterling at as they expected a 'Remain' vote' Its called 'making a market'. Happens every day. Its just they are now making more $ profits than they expected. A year ago the £ / $ was about 1.56. Pre the day of the Referendum it was about 1.44. A fall of 0.12. It is now about 1.31 a drop of 11 and recovering. http://moneyweek.com/prices-news-charts/gbpusd/ So why weren't you talking of 'fallacies' when it had dropped more? Probably because it was same shit different day at the Banksters money market. Only now you can try and blame us Brexiters when in fact the money markets are now pricing against Sterling because of UK bank exposure in Italy, Spain and Greece as they are now exposed to bad loans when we helped bale them out. There is no doubt everything is in turmoil and this creates uncertainty but the European Bourses and the Euro are doing worse than the UK is right now." Sterling down to $1.305 And €1.17 So still dropping not recovering .. | |||
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"Last week he was predicting Armageddon if we voted leave. The stock market has just hit an all time high. Should he resign?" Yes | |||
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"Last week he was predicting Armageddon if we voted leave. The stock market has just hit an all time high. Should he resign? Its not even as high as last week and the pound is still falling wake up Fallacy again! The figures have just been announced, please stick to the facts and not the FB opinions " OK so ftse is lower now than at midday and the exchange rate has dropped to a 31 year low how is that a fallacy | |||
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"Last week he was predicting Armageddon if we voted leave. The stock market has just hit an all time high. Should he resign? Its not even as high as last week and the pound is still falling wake up Fallacy again! The figures have just been announced, please stick to the facts and not the FB opinions OK so ftse is lower now than at midday and the exchange rate has dropped to a 31 year low how is that a fallacy" The FTSE closed up 23.11 @ 6545 on the day. At an 11 month high. So I am not sure why you needed to choose the high point of the day to compare. Try looking at how badly the EU Bourses are doing today and how risky EU banks debt to UK banks is now rated and you will see why Sterling is under pressure as are banking stocks. | |||
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