 Poster: A snowHead
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No Deal Friday.
Sterling as dead as the Veneziela Bolivaar
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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Remind us all again what your financial trading experience and industry qualifications are again? I seem to remember it was 1/2 of FA and so far all your predictions have done the exact opposite.
Now, are you going to take Frank's bet and put your money where your mouth is?
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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| stanton wrote: |
| its a dead hard currency |
Nice to see that you're now praising Sterling as a really strong currency! 
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You need to Login to know who's really who.
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Amazing that still with the turmoil , uncertainty and total uselessness of the current situation that £ is still holding these levels vs € and the $ very much underlines my view that the pound is sought after at these and lower levels and if we had a worse case crash out the fall would be limited .
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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| stanton wrote: |
| Sterling as dead as the Veneziela Bolivaar |
If I was Raheem, I would walk off the pitch. Rascist.
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You'll need to Register first of course.
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| Rob Mackley wrote: |
| Amazing that still with the turmoil , uncertainty and total uselessness of the current situation that £ is still holding these levels vs € and the $ very much underlines my view that the pound is sought after at these and lower levels and if we had a worse case crash out the fall would be limited . |
The Markets believe there will be a Deal eventually or The Process is dropped altogether.
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The thing that you have to remember is that FX rates reflect RELATIVE value (or to be more exact the current expression of expected relative value).
Each FX rate is the expression of that for Currency A versus Currency B.
Note the word Relative.
So while there may well be things to concern the markets over Brexit (to pick a random example!) there are significant fears over the future prospects for the overall Euro Bloc economy (for example Italy is bankrupt, German industrial output is falling dramatically).
So £ has things to be worried about.
The € has things to be worried about.
The FX rates reflects the RELATIVE value of those concerns (and lots of other positives and other concerns).
It is not as simple as Brexit=Bad, No-Deal=Worse and therefore £=doomed.
P.S. I am sure that many/most snowHeads understand all this, but clearly you-know-who does not.
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I tried chaps.
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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Dollar will eventually collapse...sooner than most folks think
Euro will become the Worlds Leading Currency..
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Nurse!
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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They need to increase the dose, he's becoming tolerant to the drugs.
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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| king key wrote: |
| They need to increase the dose, he's becoming tolerant to the drugs. |
He's Dutch, it's in his DNA 
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Never Buy US Dollars that is so last century..
Tip.
I live on the Gold Coast (CH)
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You know it makes sense.
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A quick read of the easyjet thread shows that some people have already made savings for next year
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Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
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Nicely brought back on thread
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Poster: A snowHead
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| Bigtipper wrote: |
| Bigtipper wrote: |
| Bigtipper wrote: |
| martinm wrote: |
| Bigtipper wrote: |
Brent crude oil price in $'s over last year
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Still very low though. |
Getting higher though! |
Higher still! |
Still climbing to new peaks! |
After a crash, the oil price is getting close to reaching near term highs.
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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Smart Budget Airlines bought their gas 1-2yrs ago when it was at an all time low..$50
That is why flights are relatively cheap now..
It will not last ........
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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All time low? Er...apart from when it traded below $10 a barrel. And when OPEC had a price control policy between $22 and $28 a barrel whereby continuous trading near one level or the other for a month resulted in a million barrel release/supply cut respectively. And then again a year or so after it traded at $147, it crashed to $30-$35. Apart from then, you're spot on.
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You need to Login to know who's really who.
You need to Login to know who's really who.
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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This is like the Never-Ending-Stanton-Rant-Thread!
Funnily enough ever since Stanton started this thread my ski-holiday total spend is about 10% DOWN for like for like ski holidays. That's using both DIY and TO's going to similar/same resorts at similar dates. This year my end of season trip to Lech/St Anton (BA flights, car hire, 4* hotels, late season lift passes) comes in almost £200 cheaper than last year on virtually the same dates. Always good to get to Strolz's sale and the Weisse Rausch in the same week.
Despite the Brexit effect Sterling today still trades at 1.16 Euro despite Stanton's claim of 1.03 Euro in his original post. FWIW... that's 10% HIGHER!!
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You'll need to Register first of course.
You'll need to Register first of course.
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https://markets.ft.com/data/bonds
I am looking at the Eurozone yield curve. If instead of buying Eurozone government debt, you bought and held Euros in cash for the next 10 years you would achieve the same return. You will beat Eurozone debt at less than 10 years.
Latest GRY on Eurozone 10 year debt, 0.02%!
Cash could be a good investment in the event of deflation, like it was in the Great Depression. (1929-1940)
Next season is likely to be cheaper in Euros according to the yield curve, and so hold Euros in cash!
QED! 
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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| skimastaaah wrote: |
Despite the Brexit effect Sterling today still trades at 1.16 Euro despite Stanton's claim of 1.03 Euro in his original post. FWIW... that's 10% HIGHER!!
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Still in the second post our usual friends in the north were forecasting even worse. No wonder Scottish banks crashed bringing the world economy down with them.
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@davidof, Same as Greece then?
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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As long as the markets believe a soft or in reality no brexit and now your Labour party backing another referendum Sterling will remain floating here..
Any Hard Brexit detach from CU & SM there will be a 30% (min)in its value against other curencys
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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'Any Hard Brexit detach from CU & SM there will be a 30% (min)in its value against other curencys' (currencies).
Over what period of time?
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@stanton, please, please never stop posting. Whilst what you post is usually a load of bollox and whilst I usually don't feed trolls in your case the entertainment value outweighs your stupidity.
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You know it makes sense.
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@stanton, Just how do you think the Greek government's claim for WW2 reparations against Germany is going to hit the Euro?
https://www.theguardian.com/world/2019/apr/21/greece-to-ask-germany-for-billions-in-war-reparations
(For sensible Snowheads …… I just threw that little gem in to the mix to get a response from Stanton)
BTW my ski holidays this year have been less expensive like for like than 3 years ago. I did go to the Taxi rank in St Anton to find Stanton and buy him a drink, however, my hotel's mini-bus would whisk me away PDQ.
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Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
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| esaw1 wrote: |
| @stanton, please, please never stop posting. Whilst what you post is usually a load of bollox and whilst I usually don't feed trolls in your case the entertainment value outweighs your stupidity. |
The village idiot does provide plenty of amusement value at his expense. If he ever tires of driving a taxi I suppose a career as a circus clown beckons.....
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Poster: A snowHead
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Still waiting for a time limit so i can bet against him
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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@Frank Spencer, @Alastair Pink,
Your all Fools living in a box
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If you are drawing a salary from you 9 to 5 or did not make your gold ..b4 your 27th birthday
It is irelevent..
Trading Sterling is Great
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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| stanton wrote: |
Your all Fools living in a box
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Bwahahahahahahahaaaaaaaaaaaa
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You need to Login to know who's really who.
You need to Login to know who's really who.
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Does that mean you aren't prepared to back up your predictions?
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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@stanton,
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Your all Fools living in a box
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You're not your - only a fool would get that wrong
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If you are drawing a salary from you 9 to 5 or did not make your gold ..b4 your 27th birthday
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Not all of us have a stash of Nazi gold in Switzerland.
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Trading Sterling is Great
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Assume you get £1 coins mixed up with Euros in your tips at times
@Frank Spencer, he won't stand by anything - he frequently contradicts himself so he won't know what he's betting on!
Still it's amusing to watch
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You'll need to Register first of course.
You'll need to Register first of course.
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Well, really, the issue for a typical UK resident isn't individual tourist rates anyway, it the trade-weighted Pound. This is the £ weighted pro-rata against the basket of currencies of our major trading partners. Every day, the Bank of England calculates the TW£ and you can look it up on their website. If you're concerned about the cost of imports versus value of exports it's one of the key figures you want to use, and what makes all the '£ soars against US$' or '€ plummets against £' irrelevant (and why does the GBP always 'soar' or 'plummet'?). 24 hours after the Leave vote the TW£ dropped 22% and it's still floating down around -11%. Do the math and this made the cost of imports in 2017 an extra £82billion (compared to the TW£ value the day before the Referendum). And before anyone says - that includes the increase in export revenues from a cheaper £ (which turned out to be fairly lame, because, as predicted, once manufacturers had used up their stock of imported raw materials, they had to buy new imported stock at the higher price. £82bn equates to about £3800 per household (2017), although only £900 or so of that was direct to the consumer, the other £2900 was borne by industry (where the extra cost isn't necessarily passed on to UK consumers). So when people say "I haven't noticed things costing more" what they probably should say is that "£75 a month more is just noise, given my earnings and spend rate." More concerning in many ways is that £2900 per household that's being absorbed by UK industry. Underlining the truth of the adage that you can't devalue your way out of low productivity (which characterises UK industry and business).
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| stanton wrote: |
| @esaw1, please, please never stop posting. Whilst what you post is always irrelevant and whilst I never agree with what you say in your case your amusing head in the sand contributions outweighs your very low life style |
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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@stanton, Parity? Go on, give us all a laugh again
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| esaw1 wrote: |
| @stanton, Parity? Go on, give us all a laugh again |
Will be less than Parity
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FAQ
