Cyprus-Forum.com

[Paphitis]

It’s all very well if you have no UK assets and you wait until Sterling hits the bottom to move in and buy up at bargain-basement prices, but what about people in the UK now whose assets are getting trashed?

Could you define getting trashed and to what asset classes are you referring to.

I don't see house prices falling, food prices falling life goes on. Sure there is bound to be a bumpy road ahead until it all gets sorted, but you guys are foaming at the mouth, seems to me it is because what you stand to lose not the country as a whole. Any losses will be made up later, it is the business cycle.

As they say, no gain without pain and this is very apt for the current situation. Fuck the EU they have destroyed the place and it is about time someone stood up to them. The UK, is best placed for this it is big enough and strong enough to get through this and when it does you will see others follow suit.

I suppose you mean ....en masse harakiri !!

Milti, calm down, you don't have to bring your money over now. You have a place to stay and only need day to day spending. The euro is not going to sty like this, it is the doom and gloom merchants that will end up doing harm to the UK more so than the BREXIT. Your business it still to operate right??? so it is in your interest to support the UK over the longer term.

Don't be a moaning ex pat!!!

Spot on and logical.

But the fear merchants won't listen. it's so they can say "I told you so" to the BREXITERS.

They don't realise that they got to give it about 10 years. So we might have to cop the moaning for that long. God help us all!

[Paphitis]

Tim Drayton:

Never mind, cheer up. The right-wing tabloid comics can have a field day with this one:

FTSE 100 hits record high as pound falls further

http://www.bbc.com/news/business-37616750

FTSE 100 at record high! Post-Brexit Britain is booming! Project fear was a lie!

Post Brexit Britains FINANCIAL economy IS booming ..... unfortunately for those pouring money into it ...... it is a false economy! What they are buying from this booming economy is ..... receipts and IOU’s, which have NO intrinsic value ....... they have a face value that is determined by The Markets computers. A computer glitch and It could be worth zero tomorrow morning.

PS - The FTSE 100 is composed of international companies whose assets and cash flows are largely in currencies other than Sterling, so the more Sterling falls, the more the FTSE 100 will automatically rise to reflect these companies' intrinsic value (in GDP terms of course - the astute Aussie investor seeking to benefit from Britain's woes will find that the FTSE is priced in Sterling and the rise is balanced out by the fall in the currency. Bummer.)

Their assets and cash flow have nothing to do with the FTSE or any other index! The face value is determined by ‘The Markets’ and that is not the intrinsic value of the company, it is the estimated value of the receipts and IOU's as the computers see it, based on the levels of 'buying' and 'selling'! It has little or no effect on the GDP of the UK in real terms as none of it goes into the REAL economy!

It's fantastic isn't it!

Lot's of pensioners making some money for their retirement.

[Paphitis]

Here’s a bit more doom and gloom as picked up by the quality pro-Brexit daily, the Daily Telegraph:

Hard Brexit' will cost Britain £66billion per year, claims controversial leaked Treasury report

http://www.telegraph.co.uk/news/2016/10 ... -per-year/

What lie was that peddled by the leave campaign? An extra £350m a week for the NHS. £350,000,000 x 52 = £18,200,000,000 per annum. Now it seems we are more likely to be losing £66,000,000,000 in tax revenue per annum.

Never mind, the right-wing tabloid comics will tell you that it is all part of a so-called project fear and the UK is basking in a post-Brexit boom (an obvious lie because Brexit has not happened yet).

UKIP? Isn’t that the party whose last leader managed 18 days in the job before quitting, whose best bet for prospective leader was recently hospitalised in an altercation with one of his fellow party members and whose current acting leader, a sleazy, boozy failed ex-city trader, praises Donald Trump for making grossly sexist remarks. The talk is that even the tax-cheat Arron Banks, the main bankroller of UKIP, is getting fed up with the party and is thinking instead of trying to set up a right-wing version of Momentum in the endeavour to turn the Conservatives into a full-blown fascist party rather than create one from the bottom up. Heaven help the UK if that collection of freaks ever become mainstream.

Cost 66 billion a year. But they don't mention what the FTA with the USA and Australia will be worth, and their estimates are worse case scenario if there is no FTA with the EU which I highly doubt.

And 66 billion is not much in a 3 trillion economy.

[Paphitis]

Never mind, cheer up. The right-wing tabloid comics can have a field day with this one:

FTSE 100 hits record high as pound falls further

http://www.bbc.com/news/business-37616750

FTSE 100 at record high! Post-Brexit Britain is booming! Project fear was a lie!

PS - The FTSE 100 is composed of international companies whose assets and cash flows are largely in currencies other than Sterling, so the more Sterling falls, the more the FTSE 100 will automatically rise to reflect these companies' intrinsic value (in GDP terms of course - the astute Aussie investor seeking to benefit from Britain's woes will find that the FTSE is priced in Sterling and the rise is balanced out by the fall in the currency. Bummer.)

It's fantastic! I've got sweaty palms already. lol

First of all, the British Government is actually very clever. The day Britain finally BREXITs, they will unveil trade deals with the USA and Australia as a minimum. Any impact, if any, will be minimal.

[Paphitis]

If you own a house in the UK priced at £300,000, one year ago it was worth roughly USD 460,000, EUR 420,000 and AUD 640,000. Today it is worth roughly USD 365,000, EUR 330,000 and AUD 485,000. Measured in terms of other currencies, assets in the UK are getting trashed. I don't see anything extreme about this example.

Great opportunities but they will be short lived. Which is why there is going to be a FTSE frenzy right now until the GBP recovers which everyone knows it will. that's when the money leaves, giving investors a double win.

It's time to switch to FTSE 100%.

[Robin Hood]

Paphitis:

It's fantastic isn't it!

Only to an idiot! It is a bubble based primarily on debt and a false financial economy. What goes up WILL come down ..... (Newtons laws of motion again. )

Lot's of pensioners making some money for their retirement.

No! Lots of future pensioners paying into schemes that are making a lot of money for the fund managers ...... who are already having to sell bonds to the banks to pay pensions due today!

[Robin Hood]

If you own a house in the UK priced at £300,000, one year ago it was worth roughly USD 460,000, EUR 420,000 and AUD 640,000. Today it is worth roughly USD 365,000, EUR 330,000 and AUD 485,000. Measured in terms of other currencies, assets in the UK are getting trashed. I don't see anything extreme about this example.

Great opportunities but they will be short lived. Which is why there is going to be a FTSE frenzy right now until the GBP recovers which everyone knows it will. that's when the money leaves, giving investors a double win.

It's time to switch to FTSE 100%.

When the money 'leaves' (or tries to) the market collapses, property nose dives (it's seriously over priced anyway) the equity in their property for many will drop below their debt .... margin calls kick in ..... property prices drop even further as banks sell of the repossessions ........ and all the time you have your Aus$ invested in something you cant sell.

Brilliant strategy ...... no wonder the banks are laughing all the way to the ' bank'.

Yeah ..... time to take all that money you have and put it in the FTSE 100. I mean it is heading for telephone number values ......... it has to be a good safe bet!

[Paphitis]

If you own a house in the UK priced at £300,000, one year ago it was worth roughly USD 460,000, EUR 420,000 and AUD 640,000. Today it is worth roughly USD 365,000, EUR 330,000 and AUD 485,000. Measured in terms of other currencies, assets in the UK are getting trashed. I don't see anything extreme about this example.

Great opportunities but they will be short lived. Which is why there is going to be a FTSE frenzy right now until the GBP recovers which everyone knows it will. that's when the money leaves, giving investors a double win.

It's time to switch to FTSE 100%.

When the money 'leaves' (or tries to) the market collapses, property nose dives (it's seriously over priced anyway) the equity in their property for many will drop below their debt .... margin calls kick in ..... property prices drop even further as banks sell of the repossessions ........ and all the time you have your Aus$ invested in something you cant sell.

Brilliant strategy ...... no wonder the banks are laughing all the way to the ' bank'.

Yeah ..... time to take all that money you have and put it in the FTSE 100. I mean it is heading for telephone number values ......... it has to be a good safe bet!

That's not true.

The money is replaced as it leaves with local investors over time.

These cycles each go on each year, month to month and sometimes week to weak. Institutional Investors are on the Merry Go round between Dow Jones, NASDAQ, FTSE, ASX etc etc and when it leaves and goes to Dow Jones for instance, that goes up and it causes everyone else to go up.

It's friggin brilliant creating wealth from thin air.

[Paphitis]

Paphitis:

It's fantastic isn't it!

Only to an idiot! It is a bubble based primarily on debt and a false financial economy. What goes up WILL come down ..... (Newtons laws of motion again. )

Lot's of pensioners making some money for their retirement.

No! Lots of future pensioners paying into schemes that are making a lot of money for the fund managers ...... who are already having to sell bonds to the banks to pay pensions due today!

Fund Managers only charge a pittance.

So many not for profit ones too, getting paid a salary and a performance bonus.

It's brill mate!

[Tim Drayton]

Raoul Ruparel says with reference to in-depth research conducted by his thinktank, Open Europe:

“What we found is that, in the long run (up to 2030), there will be a permanent cost to leaving the customs union. This cost is around 1% to 1.2% GDP.”

https://www.theguardian.com/politics/20 ... on-uk-25bn

Never mind, that’s obviously just more moaning by the remainers! But it’s not. Raoul Ruparel has been hired by David Davis, Secretary of State for Exiting the European Union, to provide expertise on the process of leaving the EU.