The New Fat Scotland 'Thanks for all the Fish' Thread.

A_Medium_Size_Jock

IveSeenTheLight wrote: »

I'll take that as you can't answer.
Maybe the poster I was responding can add value where you have not.

You're that flustered you don't even recognise your own post that you refer to was me?
Did removing a few words throw you?
http://forums.moneysavingexpert.com/showpost.php?p=72607245&postcount=11142
:rotfl:

Not "can't".
Will not.
You have ignored almost every fact posted; why should I feed you more?
Look for yourself.

In case you're going to try "The ISTL ping-pong posting game" on this thread again I won't be participating.
Just so we're clear.

Thrugelmir

IveSeenTheLight wrote: »

You've made no comment on the trend against the dollar either

Reflects the fact that the UK economy as a whole isn't in the best of shape. Of course higher interest rates would soon reverse the trend. Though the UK is some 2 years behind the curve. As the US financial crisis started in 2006. Now we are seeing the first signs of change as the Fed commences offloading $4.5 trillion of corporate debt and RMBS that it has sitting on it's balance sheet. The longer term consequences of which will be to slowly lift interest rates. The UK's issues are well documented. Balance of trade, consumer debt, Government borrowing, Budget deficit etc etc. there's only so many pieces of family silver to sell to overseas investors. To keep the party going.

Thrugelmir

IveSeenTheLight wrote: »

I was responding to a post that was inferring Stirling as over valued, when you look at the long term trend, the pound has weakened, so I don't understand the theory is that it is overvalued.

Can you explain that?

IMF July 2014.

The International Monetary Fund warned on Monday that the pound was “overvalued” and preventing the rebalancing of the economy away from a reliance on spending and imports.

In its annual assessment of the UK economy, the fund said sterling was between 5 and 10 per cent overvalued because of a “lack of competitiveness and limited export diversification”.

Although sterling’s rise will be a boon to UK tourists abroad, the IMF called for Britain to be less reliant on public and private spending if it was to rectify its unsustainable external position.

The IMF completed its “Article IV” mission to the UK in June when it ended its feud with the coalition government over austerity. In its more considered report on Monday, the fund produced optimistic forecasts, similar to the government’s, and said the latter’s austerity strategy was “appropriate”.

The IMF was less complimentary, however, about Britain’s export performance, restrictions on immigration and the Bank of England’s communications.

https://www.ft.com/content/ec6bef86-1653-11e4-8210-00144feabdc0

December 2015

Pound is 'most overvalued currency in the world', analysts claim
Analysts says sterling will remain vulnerable to further falls next year as government picks-up pace of spending cuts and Brexit vote looms

http://www.telegraph.co.uk/finance/currency/12065157/Pound-is-most-overvalued-currency-in-the-world-analysts-claim.html

IveSeenTheLight

TrickyTree83 wrote: »

Er.. you said it, not me, you brought up employment law.

Oh dear, I thought we got somewhere.

You talked about the rights of the employer (person of authority for the employer) can deny the request.
While that was true, your analogy was pointed out as flawed as the employee had rights in that situation.
So I pointed out the employment law in your analogy which made it a poor choice for the point you were trying to make.
It was ill conceived.

Let's drop it again and move on.

I see no value in going round the mulberry bush again

IveSeenTheLight

Thrugelmir wrote: »

IMF July 2014.



https://www.ft.com/content/ec6bef86-1653-11e4-8210-00144feabdc0

December 2015



http://www.telegraph.co.uk/finance/currency/12065157/Pound-is-most-overvalued-currency-in-the-world-analysts-claim.html

So in context, the pound is considered over valued, but the overvaluation has been reducing over a number of years.

TrickyTree83

IveSeenTheLight wrote: »

Oh dear, I thought we got somewhere.

You talked about the rights of the employer (person of authority for the employer) can deny the request.
While that was true, your analogy was pointed out as flawed as the employee had rights in that situation.
So I pointed out the employment law in your analogy which made it a poor choice for the point you were trying to make.
It was ill conceived.

Let's drop it again and move on.

I see no value in going round the mulberry bush again

Because you're incorrect and you won't let it drop? You said you didn't bring employment law into it, you did, no one else as I've said on numerous occasions. You slipped up again just now when you thought I was apologising for being incorrect, I was apologising for being correct since you absolutely hate that I am.

Employment law had no bearing on the analogy at all.

analogy

noun
a comparison between one thing and another, typically for the purpose of explanation or clarification.
"an analogy between the workings of nature and those of human societies"
a correspondence or partial similarity.
"the syndrome is called deep dysgraphia because of its analogy to deep dyslexia"
a thing which is comparable to something else in significant respects.
"works of art were seen as an analogy for works of nature"

God damn..

And you still haven't bothered to look at the statistics refuting pretty much everything you said that was actually on the topic of independence. You'd much rather talk about the intricacies of analogies and your own personal perception of them.

For clarification - your point in the analogy was that the Scottish Government (entitled to leave with your expanded context) was presumably entitled to a referendum! Which completely misses the point and is completely wrong.

Thrugelmir

IveSeenTheLight wrote: »

So in context, the pound is considered over valued, but the overvaluation has been reducing over a number of years.

In context. Use the magical human powers of hindsight to interpret it as you wish. Referring to my original point. At the time of Brexit there was no real surprise.

Thrugelmir

Shaka_Zulu wrote: »

Time to break this little spat up with a nice little aricle from the Daily Record.

No spate. Just an exchange of facts. That are all freely available in the public domain and discussed on a regular basis.

Shaka_Zulu

Time also perhaps to remind everyone that under the surface out of sight the SNP are still pushing the named person.

https://www.youtube.com/watch?v=HK_RlgxkW-c

Shaka_Zulu

Thrugelmir wrote: »

Just an exchange of facts.

Come on thrugs there is never an exchange of facts with the Nats :rotfl: