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Post by paddyjenkins on Apr 5, 2015 23:51:50 GMT 7
forget GBP strength, to see 70 GBP/THB again we need a Thailand crisis. Seems unlikely, but you never know.
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smokie36
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Post by smokie36 on Apr 6, 2015 1:17:05 GMT 7
Fletchsmile.....come and tell me its gonna all change....that the UK is gonna be a powerhouse economy and I'm gonna be rich....lie if ya want to....its Happy Monday tomorrow...step on buddy!
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naam
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Post by naam on Apr 7, 2015 10:53:37 GMT 7
Sob Sob.....OK I'll take 60..... Naam where are you? what part of my often posted comment "i only forecast the past, never the future" is it you don't understand?
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smokie36
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Post by smokie36 on Apr 7, 2015 11:14:13 GMT 7
Sob Sob.....OK I'll take 60..... Naam where are you? what part of my often posted comment "i only forecast the past, never the future" is it you don't understand? Ahhh some common sense at last. Mind you 70 would be nice.....ahhh come on....!
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Post by Fletchsmile on Apr 7, 2015 21:27:52 GMT 7
Smokie, I'd love to tell you that the UK is gonna be a powerhouse economy and you're gonna be rich.... end of sentence Sorry I didn't answer yesterday, but I was answering similarly difficult questions over Easter from our youngest. She asked me "does the Easter bunny really exist?". When I told her yes "of course where do you think your chocolate eggs come from?", she then asked me "Is the Easter bunny bigger than a normal bunny rabbit"? (Had to laugh when she asked that one, trying to picture what she was picturing in her mind). Anyway I've learnt my lesson mate, and no point lying to you, even if they are white lies, as you'll only ask more difficult follow ups, and once you white lie once it's a slippery slope before dreams get shattered if you're not careful. The good news is, there's a chance of you being rich. The bad news is dreaming of a GBP/THB rate around 70 is right up there in Easter bunny country - childhood memories of days gone by. Longer term, my view is GBP will continue to weaken vs THB, and while there'll be some ups and downs the general trend is down. Consider anything above 50 a gift. I still keep GBP assets, but don't add new money to them. I've preferred SGD and THB for more than a decade and don't feel any need to change. Cheers Fletch
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Post by thaiatheart on Apr 8, 2015 2:44:51 GMT 7
When Britain's debt to gdp gets similar to Thailand.
In about 30 years maybe... UK is drowning in govt debt, Thailand isn't. Thanks to Blair and Brown for that one
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The Arrow
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Post by The Arrow on Apr 8, 2015 2:47:40 GMT 7
When Britain's debt to gdp gets similar to Thailand. In about 30 years maybe... UK is drowning in govt debt, Thailand isn't. Thanks to Blair and Brown for that one So never then. There's also a risk that within a few weeks Ed Balls could become Chancellor. That means curtains for Blighty.
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ATF
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Post by ATF on Apr 8, 2015 7:42:33 GMT 7
The way the UK economy is based mainly around the value of housing is a recipe for disaster. People think they have plenty of money invested in a house when it can be taken away at any time. House prices in the UK have moved higher but the only thing that can sustain this is more immigration. Once higher interest rates come into play the whole housing sector is going to collapse again. Wait until GBP gets to around $1.43 to the USD and use your Baht to buy GBP. GBP should then over a period move up to $1.55 USD or around 50 Baht and then sell GBP for Baht or USD.
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Post by thaiatheart on Apr 9, 2015 1:22:59 GMT 7
When Britain's debt to gdp gets similar to Thailand. In about 30 years maybe... UK is drowning in govt debt, Thailand isn't. Thanks to Blair and Brown for that one So never then. There's also a risk that within a few weeks Ed Balls could become Chancellor. That means curtains for Blighty. Well, they ballsed it up completely today with the non doms. Labour should be toast, but unfortunately not enough people understand the level of debt inherited from the previous govt. People talk about austerity. This isn't austerity at all. Borrowing is still continuing. How anyone can laud Blair and Brown and even consider balls for exchequer is beyond me.
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The Arrow
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Post by The Arrow on Apr 9, 2015 1:25:44 GMT 7
So never then. There's also a risk that within a few weeks Ed Balls could become Chancellor. That means curtains for Blighty. Well, they ballsed it up completely today with the non doms. Labour should be toast, but unfortunately not enough people understand the level of debt inherited from the previous govt. People talk about austerity. This isn't austerity at all. Borrowing is still continuing. How anyone can laud Blair and Brown and even consider balls for exchequer is beyond me. Blair just saved us from Liebour. "The people can't be trusted to vote on Europe." Phew! We live to fight another day.
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bbaker
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Post by bbaker on Apr 10, 2015 12:21:30 GMT 7
The way the UK economy is based mainly around the value of housing is a recipe for disaster. People think they have plenty of money invested in a house when it can be taken away at any time. Good point. I survived the US housing crash, and it was a crash. Whether right or not, I decided a couple of things for me. First, I wouldn't own income property unless it's paid for because it isn't liquid especially if things go South. In other words, I'd never borrow money to buy a rental. Betting on renters is betting that they too won't suffer a recession and be unable to pay. Second, it doesn't really matter what my home is worth if it's paid for and I don't plan to sell it. It's just a place to live and it therefore isn't money. With rapid price increases people began to see their homes as money and refinanced or got second mortgages for unnecessary things. For many of them it cost them their homes, their credit and sometimes more. If they refinanced their home to by a second one because "prices will go up" they got ruined. I hope our friends in Europe don't see anything like that. It felt like it was sudden although it wasn't really, but the properties weren't liquid and the rumors killed any chance to get out. I'm just really lucky - not smart - that I have serious debt aversion.
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ATF
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Post by ATF on Apr 10, 2015 19:06:23 GMT 7
GBP is in freefall today follow my earlier prediction and start taking positions at $1.43 it could find a bottom at sub $1.40 but $1.43 should be good for a half position.
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SirToad
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Post by SirToad on Apr 10, 2015 19:18:16 GMT 7
GBP is shot really, has been for some time. BLiar got rich on his policies, but left everyone to drift.
Until there is a real political shift with maybe some new ideas we will still get the usual shit. Great selection Milliband or Cameron, ouch. It's like choosing between Syphils and Gonoreah.
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The Arrow
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Post by The Arrow on Apr 10, 2015 19:54:38 GMT 7
Yikes! 47.54 to the Baht. www.bbc.co.uk/news/business/market_data/currency/default.stmI did all the big Thailand spend (houses and wotnot) at 75.75!!! All this is ultimately good for the UK, re-balance the economy away from import consumption. I've got to head back end of the year, but at this rate I won't be doing much.
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Post by paddyjenkins on Apr 10, 2015 20:11:52 GMT 7
GBP is in freefall today follow my earlier prediction and start taking positions at $1.43 it could find a bottom at sub $1.40 but $1.43 should be good for a half position. Its not just GBP...its EUR, SGD, AUD etc also, but GBP is falling as fast as EUR. If EUR gets to parity, that's another 6% to go, which could take GBP to about 1.4, assuming EUR/GBP doesn't fall. Your 1.40 could be a good level to watch, but id wait for EUR to stabilise, personally....not that I would ever claim to any kind of expert on FX....just an opinion.
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