Stock Market update: Everybody panic! - Page 11

Catfish · 06-27-16, 05:33 AM

^ Right, i think

"It’s true that the pound has fallen by a lot compared with normal daily fluctuations. But for those of us who cut our teeth on emerging-market crises, the fall isn’t that big – in fact, it’s not that big compared with British historical episodes. The pound fell by a third during the 70s crisis; it fell by a quarter during Britain’s exit from the Exchange Rate Mechanism in 1992; it’s down about 8 percent as I write this. ....

Furthermore, Britain is a nation that borrows in its own currency, not subject to a classic balance-sheet crisis due to currency devaluation – that is, it’s not like Argentina, where the fall in the peso wreaked havoc with firms and consumers who had borrowed in dollars. If you were worried that fears about Brexit would cause capital flight and drive up interest rates, well, no sign of that – if anything the opposite.«

from: http://www.vox.com/2016/6/24/1202472...ists-recession

Jimbuna · 06-27-16, 06:08 AM

^As per the above.

FTSE (at time of posting) is 6,044.22 Down 94.47(1.54%).

No big deal and a lot less than in previous periods during the past twelve months.

Oberon · 06-27-16, 12:27 PM

So far so good then.

EDIT: Well...with the exception of:

Jimbuna · 06-27-16, 01:09 PM

Could fast be approaching the time for the financial 'wizards' to start buying, especially when BoE intervention is expected.

Oberon · 06-27-16, 02:09 PM

Speaking of those wizards, a former analyst from the Organisation for Economic Co-operation and Development:

Jimbuna · 06-27-16, 02:56 PM

I wonder if they'll be so 'sure' in a couple of weeks?

Oberon · 06-27-16, 03:02 PM

Quote:

Originally Posted by Jimbuna

I wonder if they'll be so 'sure' in a couple of weeks?

I hope not, but given the political gridlock and that the big two parties seem to be self-immolating, I can't see much changing in the short term. Maybe Gideon will get his finger out and start shoring things up a bit, but honestly politically it's in his favour to let things run and let the UK take a nose-dive in an 'I told you so' kind of way, and it'll discredit Bojo too who seems to have taken a big jump into a pit of dirt and is trying to figure out how to dig himself out.

Jimbuna · 06-27-16, 03:09 PM

Gideon is probably reliant on Boris and Gove for his future prospects atm.

Catfish · 06-28-16, 05:30 AM

Quote:

Originally Posted by Oberon

So far so good then.

EDIT: Well...with the exception of:

Nothing to see, in several posts of the past. Also some missing in the Brexit thread. Is it a glitch, deleting, or (ahem) censorship?

Jimbuna · 06-28-16, 08:15 AM

Quote:

Originally Posted by Catfish

Nothing to see, in several posts of the past. Also some missing in the Brexit thread. Is it a glitch, deleting, or (ahem) censorship?

Currently talking to Neal on Skype and having checked the moderator log we can find nothing untoward.

Could you point us in the right direction?

Catfish · 06-28-16, 08:29 AM

Hey sorry, i should not be so fast with accusations

Have seen this several times, some examples but did not find all:

http://www.subsim.com/radioroom/show...&postcount=153

http://www.subsim.com/radioroom/show...&postcount=155

http://www.subsim.com/radioroom/show...&postcount=936

I do not see any pictures or links, in the posts (?)

Jimbuna · 06-28-16, 08:43 AM

The first link was a post edited by the poster, the second link is to an individual post and the third link is to a post in which the attached image hasn't stuck, opening in another tab takes you to an error page of the Alternate History site.

None of the above are down to moderator actions and to quote Neal just now "Nothing to do with us".

Onkel Neal · 06-28-16, 08:44 AM

hi Catfish,

I don't see anything wrong, I can see the images in Oberon's posts, except the one that links to this site http://www.alternatehistory.com/foru...yn-jpg.278802/

Certainly no censorship, mate. That's a Last Resort in Subsim's forums and we take that very seriously.

Catfish · 06-28-16, 08:49 AM

Hello Neal and Jim,
so the error seems on my side, cannot see the links or anything at all. Firefox here ..

Ok will check this, and report.

Thank you for your assistance, and greetings,
Catfish

Oberon · 06-28-16, 11:26 AM

Whoops, my bad...that's what I get for hotlinking from alternate history without thinking...

The one that Neal couldn't see, that's this:

06-27-16, 05:33 AM	#151
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 16,897 Downloads: 38 Uploads: 0	^ Right, i think "It’s true that the pound has fallen by a lot compared with normal daily fluctuations. But for those of us who cut our teeth on emerging-market crises, the fall isn’t that big – in fact, it’s not that big compared with British historical episodes. The pound fell by a third during the 70s crisis; it fell by a quarter during Britain’s exit from the Exchange Rate Mechanism in 1992; it’s down about 8 percent as I write this. .... Furthermore, Britain is a nation that borrows in its own currency, not subject to a classic balance-sheet crisis due to currency devaluation – that is, it’s not like Argentina, where the fall in the peso wreaked havoc with firms and consumers who had borrowed in dollars. If you were worried that fears about Brexit would cause capital flight and drive up interest rates, well, no sign of that – if anything the opposite.« from: http://www.vox.com/2016/6/24/1202472...ists-recession __________________ >^..^<*)))>{ All generalizations are wrong.

06-27-16, 06:08 AM	#152
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 181,217 Downloads: 63 Uploads: 13	^As per the above. FTSE (at time of posting) is 6,044.22 Down 94.47(1.54%). No big deal and a lot less than in previous periods during the past twelve months. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim)

06-27-16, 12:27 PM	#153
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	So far so good then. EDIT: Well...with the exception of: Last edited by Oberon; 06-27-16 at 01:03 PM.

06-27-16, 01:09 PM	#154
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 181,217 Downloads: 63 Uploads: 13	Could fast be approaching the time for the financial 'wizards' to start buying, especially when BoE intervention is expected. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim)

06-27-16, 02:56 PM	#156
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 181,217 Downloads: 63 Uploads: 13	I wonder if they'll be so 'sure' in a couple of weeks? __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim)

06-27-16, 02:09 PM	#155
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	Speaking of those wizards, a former analyst from the Organisation for Economic Co-operation and Development:

06-27-16, 03:09 PM	#158
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 181,217 Downloads: 63 Uploads: 13	Gideon is probably reliant on Boris and Gove for his future prospects atm. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim)

06-28-16, 08:29 AM	#161
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 16,897 Downloads: 38 Uploads: 0	Hey sorry, i should not be so fast with accusations Have seen this several times, some examples but did not find all: http://www.subsim.com/radioroom/show...&postcount=153 http://www.subsim.com/radioroom/show...&postcount=155 http://www.subsim.com/radioroom/show...&postcount=936 I do not see any pictures or links, in the posts (?) __________________ >^..^<*)))>{ All generalizations are wrong.

06-28-16, 08:43 AM	#162
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 181,217 Downloads: 63 Uploads: 13	The first link was a post edited by the poster, the second link is to an individual post and the third link is to a post in which the attached image hasn't stuck, opening in another tab takes you to an error page of the Alternate History site. None of the above are down to moderator actions and to quote Neal just now "Nothing to do with us". __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim)

06-28-16, 08:49 AM	#164
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 16,897 Downloads: 38 Uploads: 0	Hello Neal and Jim, so the error seems on my side, cannot see the links or anything at all. Firefox here .. Ok will check this, and report. Thank you for your assistance, and greetings, Catfish __________________ >^..^<*)))>{ All generalizations are wrong.

06-28-16, 11:26 AM	#165
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	Whoops, my bad...that's what I get for hotlinking from alternate history without thinking... The one that Neal couldn't see, that's this: