 Poster: A snowHead
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i could.. i could point you at piles of the stuff.. i work near geeks who live for this shite.. ( though i may get fired for sneaking it out of the office domain) but if we stick to uninterupted global growth in a low inflation enviroment with an expanding customer base.. asset price growth across nearly all classes and only a toy war in the middle east to deal with .. i think you will do well to find a better 10 economic years.. maybe the romans had it better for awhile..
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brian
brian
Guest
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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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Hoppo, I think the tax/GDP chart is relatively easy to correlate with political events. Mrs T inherited a steeply rising tax burden and the momentum carried on for two years when she honoured the massive public sector increases awarded by Callaghan to buy off the strikers. There was a plateau for another 2-3 years, followed by a continuous fall through all of Thatcher's 2nd and 3rd terms and most of the Major years. It started climbing as he lost his grip in the last half of his premiership. Momentum (again) saw it continue to climb during the first half of Blair/Brown's first term, but fell for a short period because Labour honoured its pledge to stick to Tory spending plans. Since then, they've let rip and the tax burden is back to the levels Mrs T inherited and rising.
It will be interesting to see if the flattening out in the projection will occur (the Treasury could hardly predict anything else). I suspect that it might, but that public debt will rocket. Brown will not want to tax but he will to spend when he's PM in the run up to the next election.
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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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What about the US dollar? I have abot $200 bout at $1.78 to the pound. How long do I have to wait do you think before it is worth changing them back to stirling?
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You'll need to Register first of course.
You'll need to Register first of course.
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TimDog, you have made about 11 quid.. 1.76 is roughly last summer some time .. so you have been long of cash dollars and short of stg in your account for 6 months.. so you are earning zero and not getting paid say 5 per cent so you have lost £2.50 or so on funding costs..
unfortunatly with transaction costs of trading running at 10 per cent i would think realising your profit may be problematic.. i suggest finding someone going to the states who is willing to trade at mid market..
i havn't factored in the insurance costs of holding such a large sum of currency 
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Hmm
$200 @ $1.76=£1 cost £113.64
$200 today's rate (admittedly not the tourist rate) costs £101.49
So, TimDog has lost a little, rather than gained.
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achilles, now i know why i dont work on the spot f.x. desk !
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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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CANV CANVINGTON, achilles, I think I'll just wait until I next go to the states and spend it then!
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FAQ
I have to decide whether to fix my mortgage transfer at today's rates or let it fluctuate 
