Reply to: U.K. Inflation Jumps More Than Forecast to Match 4-Year High

[motoukenin]

LMGTFY

Ah but can you Google the accuracy of Google ?

https://www.thestreet.com/story/1292...h-results.html

[northernladyuk]

You could be right in terms of Macro economics, but to quote yet another cat reference its the dead cat bounce that I look at. With many years of fintech experience I have met a few day traders and this is where a lot of the dealers are also putting their money, there has been a 35% increase in funds to this contract since 18 days ago so ever hopeful.

Any advice on where the dollar/euro is going ?

LMGTFY

[motoukenin]

You'd be barmy to bet 60K on the future of the pound - in either direction.
It's in the first stages of becoming a banana republic currency and wild swings are to be expected within the context of an accelerated long-term decline.

You could be right in terms of Macro economics, but to quote yet another cat reference its the dead cat bounce that I look at. With many years of fintech experience I have met a few day traders and this is where a lot of the dealers are also putting their money, there has been a 35% increase in funds to this contract since 18 days ago so ever hopeful.

Any advice on where the dollar/euro is going ?

[WTFH]

U.K. Inflation Jumps More Than Forecast to Match 4-Year High

You'd be barmy to bet 60K...

Have you ever seen motoukenin and MF in the same room?
#JustSayin'

[sasguru]

I have set my contract to be between 1st and 30th November 2018 with a 5% continuous increase from Feb 2017, by that time Brexit conditions will be known and pound I believe will rise as spending rises for Christmas period. With conditions of Brexit known either good or bad I believe that businesses knowing where they stand is a better situation than not knowing and pound always rises on business certainty.

With over 60K in this its a huge gamble agreed but you got to put a lot in to get a decent return. Long term I agree with you on inflation and possible national strikes levelling things out but from what I can see inflation is set to drop early 2019 and don't think the national strikes will be effective in Uk, is not a good place for JAMS and they need the cash.

You'd be barmy to bet 60K on the future of the pound - in either direction.
It's in the first stages of becoming a banana republic currency and wild swings are to be expected within the context of an accelerated long-term decline.

[motoukenin]

The pound rose on the news of inflation as markets priced in a possible interest rate rise.
Problem is that an interest rate rise will reduce consumer spending even more and slow down growth.
And that will cause the pound to fall.

Caught between a rock and a hard place - the classic conundrum of a moribund economy.

I have set my contract to be between 1st and 30th November 2018 with a 5% continuous increase from Feb 2017, by that time Brexit conditions will be known and pound I believe will rise as spending rises for Christmas period. With conditions of Brexit known either good or bad I believe that businesses knowing where they stand is a better situation than not knowing and pound always rises on business certainty.

With over 60K in this its a huge gamble agreed but you got to put a lot in to get a decent return. Long term I agree with you on inflation and possible national strikes levelling things out but from what I can see inflation is set to drop early 2019 and don't think the national strikes will be effective in Uk, is not a good place for JAMS and they need the cash.

[northernladyuk]

It was a quote that is perfect in so many of the arguments where facts are ignored in favour of religiously believing, or just burying heads in the sand and laughing.

Possibly your best post/find in a long time.

[darmstadt]

More classics from Mr Sowell:

Nailed Brexit with that one

[excon]

[QUOTE=WTFH;2468870]Unable to put together a coherent answer as ever, Shaun.

More classics from Mr Sowell:

[shaunbhoy]

Unable to put together a coherent answer as ever, Shaun.

Au Contraire. It hit the nail perfectly on the head regarding your lack of smarts.

A tad unflattering from your point of view admittedly, but factually bang-on.

HTH

[hugebrain]

Indeed the DUP looks likely to torpedo public pay restraint at a time when inflation is running at between 3 and 4 %. This inflation is directly caused by the Brexit vote..

Or perhaps the inflation is due to lack of faith in the pound because of the out of control greed of the public sector. So if we cut public sector pay, then we get deflation and the public sector will still be better off. Win win. Also makes for a more equal society.

P.S. The bank of England promised to raise interest rates of we voted for brexit. I think their duplicity might be the underlying problem.

[BlasterBates]

The pound rose on the news of inflation as markets priced in a possible interest rate rise.
Problem is that an interest rate rise will reduce consumer spending even more and slow down growth.
And that will cause the pound to fall.

Caught between a rock and a hard place - the classic conundrum of a moribund economy.

Indeed the DUP looks likely to torpedo public pay restraint at a time when inflation is running at between 3 and 4 %. This inflation is directly caused by the Brexit vote. Either inflation takes off or the BOE has to shove up interest rates which when combined with Brexit is going to be economically painful, .....very painful !!

The window for Brexit was around the early 2000's when the UK could have afforded to do it. It's pretty clear that Brexit will collapse and the government will be booted out.

[WTFH]

Stop using my memedroid quote

It was a quote that is perfect in so many of the arguments where facts are ignored in favour of religiously believing, or just burying heads in the sand and laughing.

Possibly your best post/find in a long time.

[sasguru]

With Brexit looming this is a Scrodingers Cat situation , when the box is opened (Brexit Terms and conditions are known) then pound will go up as the uncertainty stops , I have a lot of money riding on this , of course when they call its name (lets call it Boris) and it no longer responds then that's when the pound slumps back again.

The pound rose on the news of inflation as markets priced in a possible interest rate rise.
Problem is that an interest rate rise will reduce consumer spending even more and slow down growth.
And that will cause the pound to fall.

Caught between a rock and a hard place - the classic conundrum of a moribund economy.

[original PM]

[QUOTE=WTFH;2468870]Unable to put together a coherent answer as ever, Shaun.

Stop using my memedroid quote

it's probably made up bollox anyway!