Reply to: Euro

[BlasterBates]

0.8 pound to the EUR, that is 1.25 EUR to the pound.

Woooh

[PAH]

Firstly, I didn't know Ford had been bought by an Indian company.

They haven't, they sold off Landrover and Jaguar.

[sasguru]

It's not doomed - they keep key stuff in Germany and share elements with Skoda etc. I don't see Mercedes or BMW or Volkswagen disappearing for a very long time.

And one more thing - I don't see Germans bragging about slick financial services like UK does about the City - that's because Germans have got tangible things wanted by many other people, and these things (unlike gambling in the City) actually gives value to people who buy them.

Heck, even Jaguar and Ford now owned by an Indian company -

Firstly, I didn't know Ford had been bought by an Indian company.

Secondly, who owns a company is increasingly irrelevant - Merc and BMW might exist for a long time - but they'll be building their cars in eastern Europe, South Africa, India and China.

Thirdly you perspective is so narrow you don't understand that Britain does have some strengths in growing industries - pharamceuticals and biotech in particular. Aerospace and arms is not too bad either.

And if you think the City doesn't add value, you have absolutely no understanding of anything.

Your cretinous posts on here are making you a laughing stock.

[snaw]

It's not doomed - they keep key stuff in Germany and share elements with Skoda etc. I don't see Mercedes or BMW or Volkswagen disappearing for a very long time.

And one more thing - I don't see Germans bragging about slick financial services like UK does about the City - that's because Germans have got tangible things wanted by many other people, and these things (unlike gambling in the City) actually gives value to people who buy them.

Heck, even Jaguar and Ford now owned by an Indian company -

I don't see most of the world's financial institutions disappearing for a very long time either. You're incredibly naive if you think those companies would be where they were or even exist now without the help, support, finance etc of major financial organisations.

[AtW]

In that case, how about you refrain from posting bollox on economic issues you simply don't understand with any level of sophistication?

You are confusing general issues that everyone is entitled to have their opinion on (including you), and very specific real-life business stuff that should really be off limits for public discussion unless the person in question actually invites such discussion. I don't discuss your business or your work, and I expect others to stay away from mine, unless they have got something constructive to say.

[AtW]

What about the argument that manufacturing in Germany is doomed in the long run because of high wage costs compared to emerging nations? Why are Mercedes and BMW increasingly building factories abroad, my foolish friend?

It's not doomed - they keep key stuff in Germany and share elements with Skoda etc. I don't see Mercedes or BMW or Volkswagen disappearing for a very long time.

And one more thing - I don't see Germans bragging about slick financial services like UK does about the City - that's because Germans have got tangible things wanted by many other people, and these things (unlike gambling in the City) actually gives value to people who buy them.

Heck, even Jaguar and Ford now owned by an Indian company -

[sasguru]

How about you don't give me business advice just like I don't give yours? I did not ask for your view on this one and I probably won't ever. So spare me your cheap taunts.

In that case, how about you refrain from posting bollox on economic issues you simply don't understand with any level of sophistication?

[sasguru]

Well, if Thatcher revolution leads to UK of present day then it is highly questionable whether it brought added value to the electorate.

Germany is doing pretty well so far given that they integrated a 3rd world country into their economy. UK on the other hand has got nothing to brag about.

What about the argument that manufacturing in Germany is doomed in the long run because of high wage costs compared to emerging nations? Why are Mercedes and BMW increasingly building factories abroad, my foolish friend?

[snaw]

My young friend, I learnt about inflation of 2100% per annum and value of hard currency while still being in school.

So you'd have learned about the relationship between interest rates and FX as well, no?

It's all cyclical, 10 years ago we had a super strong dollar, in 10 years time we might have a super weak euro. Us being in the Eurozone wouldn't necessarily stop a global recession or impact of it on us in or out. I really don''t know - but some of my mates are FX traders and they don't either - and I trust them over your expertise gained from a few economic modules in a Russian uni.

[AtW]

How about getting your SEO website beyond a couple of pages of tat and selling your ideas to make money?

How about you don't give me business advice just like I don't give yours? I did not ask for your view on this one and I probably won't ever. So spare me your cheap taunts.

[AtW]

Don't recycle your tired old ideas ad nauseum. Address the article above. Or this one:

http://voxeu.org/index.php?q=node/287

Well, if Thatcher revolution leads to UK of present day then it is highly questionable whether it brought added value to the electorate.

Germany is doing pretty well so far given that they integrated a 3rd world country into their economy. UK on the other hand has got nothing to brag about.

[DimPrawn]

My young friend, I learnt about inflation of 2100% per annum and value of hard currency while still being in school.

How about getting your SEO website beyond a couple of pages of tat and selling your ideas to make money?

[AtW]

FX expertise too. Wow, is there no end to your talents?

My young friend, I learnt about inflation of 2100% per annum and value of hard currency while still being in school.

[sasguru]

FX expertise too. Wow, is there no end to your talents?

beginning

[sasguru]

Let's take Volkswagen - its CEO is a Dr, he has got no-bull PhD, and who were the directors of Rover? Germans managed miracle - rebuild their economy from ruins and taint of nazism while this country outsourced all that stuff elsewhere, then went education since there is no need for PhDs in this country apart from doing dodgy City risk calculations that never work in a long term.

Don't recycle your tired old ideas ad nauseum. Address the article above. Or this one:

http://voxeu.org/index.php?q=node/287