Newsnight: Quantitative Easing

kennyboy66_2

!!!!!!? wrote: »

"Prices of anything imported will shoot up however - and we import almost everything these days"

.

You were wrong when you said it and are still wrong now.
You will now employ your usual diversion tactics of;

1) Arguing semantics.
2) Claiming to be slagged off by people.
3) Describing people as bulls or "anti-bear' - the description is meaningless.
4) employing massive type in bold & "rolling eyes" smilies.

Perhaps you need to learn to tell the difference between opinion and empirical evidence.

WTF?_2

StevieJ wrote: »

He is obviously using hyperbole to make a point,

Oh, I see. It's all right to you for someone slagging off bearish posters to make something up in order to 'make a point'. The hypocrisy-o-meter just exploded. :rotfl:

Sorry, but in my book if you want to make a point then use real evidence not falsely attributed made-up claims.

but I have read many opinions on these boards that suggest that a falling exchange rate will not benefit the UK because 'we do not export much these days' and import a lot.

http://news.sky.com/skynews/Home/Business/Electronics-Firm-Sony-To-Increase-Its-Prices-In-The-UK-Sky-News-Learns/Article/200811315157341?lpos=Business_Top_Stories_Header_3&lid=ARTICLE_15157341_Electronics_Firm_Sony_To_Increase_Its_Prices_In_The_UK%2C_Sky_News_Learns_

UK retailers may be slashing their prices right now - but electronics giant Sony is doing the opposite.

Sony exclusive

Sony is bucking the trend to lower prices ahead of Christmas

Sky News has learned the Japanese manufacturer is planning to increase its prices on a number of products in Britain.

Sony says it is because of currency fluctuations in the past six months.

The Yen has risen in value against the euro, which has in turn made gains on the pound.

Rival Panasonic has said it is also reviewing its prices in tne light of the "unprecedented movements in exchange rates".

In a statement Sony said: "Sony UK can confirm (it) will increase the trade price of a number of products over the coming months."

This was due to "adverse changes in the Yen/Euro & Euro/Pound exchange rate".

It added: "As these testing trading conditions continue, Sony does not believe that it will be alone in taking this form of action."

See - I could have made something up (hyperbole to make a point as you would put it, if it supported your point of view) but I chose to actually quote some real hard evidence instead.

StevieJ

dopester wrote: »

I see the price of oil is being tipped to hyper-inflate out of sight. :rolleyes:

Flirting with $42 a barrel at the moment.

Oil to hit $25 a barrel as global recession deepens, Merrill Lynch predicts

Telegraph:
http://www.telegraph.co.uk/finance/3564383/Oil-to-hit-25-a-barrel-as-global-recession-deepens-Merrill-Lynch-predicts.html

Ectract from Fullermoney

[FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif]Email of the day (3) - more on oil: [/FONT][/FONT][/FONT][/FONT][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif]"I see that Merrill are warning that oil prices could fall to $25. Is this an early buy signal for oil in 3 months time? I seem to remember that the headlines about oil going to $200 shortly preceded the final top.[/FONT][/FONT][/FONT][/FONT]
[FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif]"Perhaps, a cold winter, some trouble in the Middle East and a massive Obama reflation package will see oil prices rising again by February."[/FONT][/FONT][/FONT][/FONT]
[FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif]My comment - [/FONT][FONT=Arial, Helvetica, sans-serif]Thank you for this interesting article. I agree that we need to be cautious of extreme forecasts following what has already been, by any standard, a spectacular decline. When we see forecasts for something to halve in three-months, this tells us more about the open positions a pundit has rather than where the price is going. [/FONT][/FONT][/FONT][/FONT]
[FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif]This section continues in the Subscriber's Area. [/FONT][/FONT][/FONT][/FONT]

WTF?_2

kennyboy66 wrote: »

You were wrong when you said it and are still wrong now.
You will now employ your usual diversion tactics of;

1) Arguing semantics.
2) Claiming to be slagged off by people.
3) Describing people as bulls or "anti-bear' - the description is meaningless.
4) employing massive type in bold & "rolling eyes" smilies.

Perhaps you need to learn to tell the difference between opinion and empirical evidence.

Ahem, you claimed:

Some people would have you believe we export nothing & import everything.

I'm still waiting to see who exactly you were casting those aspersions at.

[EDIT: Removed rest of comments which were overly provocative upon re-reading]

Look Kenny, I could keep on winding you up but lets just take this as an example of why nitpicking every word that someone says -something which a clique of people do here constantly to me - is so pointless.

StevieJ

kennyboy66 wrote: »

You were wrong when you said it and are still wrong now.
You will now employ your usual diversion tactics of;

1) Arguing semantics.
2) Claiming to be slagged off by people.
3) Describing people as bulls or "anti-bear' - the description is meaningless.
4) employing massive type in bold & "rolling eyes" smilies.

Perhaps you need to learn to tell the difference between opinion and empirical evidence.

Most people would have aknowledged that as a fair cop, I wouldn't bother arguing

purch

So I'd take anything coming out of Wall Street with a pinch of salt, frankly

You can guarantee that the Wall Street 'morons' are taking pinches of something,.................................. but it certainly ain't Salt !!!

michaels

Dredging up the tax arguement, the K tax has built in redistribution via 'tax credits' which is basically an accounting scam to suggest that the state takes less of our money - if it was taken as tax and paid out as a benefit it would count as govt spending - instead taking it as tax and giving it out as 'minus tax' allows it to be ignored when looking at overall tax brden - another of the govts typical stealth taxes. Surely if they beleived in what they were doing and thought that the majority of the electors (who after all they serve) would agree with them that redistribution was the best policy then they should be presenting the facts clearly rather than trying to obscure them?

purch

an example of why nitpicking every word that someone says -something which a clique of people do here constantly to me - is so pointless.

So MANY words !!!! :eek:

So MANY nits !!!!

WTF?_2

purch wrote: »

You can guarantee that the Wall Street 'morons' are taking pinches of something,.................................. but it certainly ain't Salt !!!

Is Colombian marching powder following the price of oil?

Really2

!!!!!!? wrote: »

Is Colombian marching powder following the price of oil?

No I doubt it had a spike in the summer.:D

I should imagine it is falling like city workers wages now.