Cyprus-Forum.com

by **miltiades** » Sat Sep 07, 2019 4:27 am

Paphitis wrote:
miltiades wrote:
erolz66 wrote:Weird sterling drop just as markets close for weekend ?

sterling.JPG

No obvious reason for it I can see atm ? Anyone got any ideas ?

Hmm looks more like a weird euro gain actually.

Sterling lost over 1 cent against Euro following " news" that the EU has indicated that they are considering re examining the controversial Back stop issue.

Hey Coco, that's got nothing to do with the backstop.

General, is there no end to your utter stupidity? Read the news Plonker
" Brexit victory for Boris: Breakthrough as EU finally agrees to listen to backstop plan"

by **Paphitis** » Sat Sep 07, 2019 4:54 am

miltiades wrote:
Paphitis wrote:
miltiades wrote:
erolz66 wrote:Weird sterling drop just as markets close for weekend ?

sterling.JPG

No obvious reason for it I can see atm ? Anyone got any ideas ?

Hmm looks more like a weird euro gain actually.

Sterling lost over 1 cent against Euro following " news" that the EU has indicated that they are considering re examining the controversial Back stop issue.

Hey Coco, that's got nothing to do with the backstop.

General, is there no end to your utter stupidity? Read the news Plonker
" Brexit victory for Boris: Breakthrough as EU finally agrees to listen to backstop plan"

Oh Coco, you have no clue do you! :shock:

BOJO is cornered and has no choice. If he does nothing, he loses everything. But if he goes for BREXIT he will give the people a say. Something you coco remoaners don't want because you think the people are stupid!

The decks have been cleared for a BREXIT General Election, and that is BOJO's only option.

by **Paphitis** » Sat Sep 07, 2019 5:38 am

Brexiters have been sending the MSM some special resipe JFC! :lol:

by **cyprusgrump** » Sat Sep 07, 2019 7:33 am

Pyrpolizer wrote:
Let me make your life easier. Here's what the document says on page 8.
Now be a good boy and show me the particular line in that brochure saying the UK will be completely out of the Single market.

Well the last sentence on page 8 is pretty explicit don’t you think?

Of course, if you are being utterly pedantic it doesn’t actually say ‘will be coming out of the single market’… :roll:

But if you read it in context, alongside the other campaigning and the politicians saying ‘a vote to Leave means leaving all the institutions of the EU including the ECJ, Single Market and Customs Union’ then I think it is quite clear.

Remember that the authors of that brochure (The Government) were supposed to be sending out impartial advice to the electorate at taxpayer’s expense!

Read the whole thing, it couldn’t be clearer that The Conservatives were campaigning for Remain and listing the dire consequences (in their view) of a vote for Leave.

Pyrpolizer wrote:I disagree. The only realistic way to get the people’s command would be to ask "Do you want to invoke article 50, yes or no". There should also be a clear note on the voting slip that if the yes wins, a 2nd referendum would follow according to the results of the negotiations including the option to revoke article 50. There can be binary referenda where the voter would need to answer more than one questions -example given earlier.

Well you may well disagree old chum! :lol:

But the fact remains that the great and good in charge at the time believed that a binary choice was the only way to sort the issue. :wink:

After much campaigning a binary choice was offered and we voted Leave.

Pyrpolizer wrote:Your hard Brexshitters dream to get the UK out with no deal was actually put aside by the minute T.May started negotiations with the EU. It ended today with the House of Lords decision.
Now you may get out in the streets Brexitmoaning about fascism of your own political system.

We’re in agreement.

It is clear (with hindsight) that May was a Remainer and had no intention of leaving the EU in any real way.

I also agree that ignoring the people’s vote and imposing the will of the political elite instead is fascism.

But it didn’t end on Friday, not by a long way. As I’ve said before, this Genie isn’t going to be put back into the bottle...

by **miltiades** » Sat Sep 07, 2019 8:52 am

The peasants aren't that happy !!
Brexit is a long way away..nowhaimean mate !! Wha a load of Plonkers. Mind you all they want is their country back along with numerous ....colonies !!! Don't want non elected beauracrats telling them what to do, neither do they want Parliament telling them, they just want a load of ...shit, Brexshit !!

by **erolz66** » Sat Sep 07, 2019 9:09 am

How simple your binary absolutist model of the world is. What a shame, for you, that the universe does not work in such a way.

cyprusgrump wrote:It is clear (with hindsight) that May was a Remainer and had no intention of leaving the EU in any real way.

What does 'in any real way' mean ? TM's 'deal' did not seek to keep the UK in the single market, or the customs union.

cyprusgrump wrote:I also agree that ignoring the people’s vote and imposing the will of the political elite instead is fascism.

Who is this 'political elite' then, that is imposing their will on the people ? Is Johnson part of this 'political elite' ? Mogg ? Cummings ? The SNP ? All those who voted to remain in the referendum ? All those who do not want us to leave on a no deal basis ? Am I part of this 'political elite' ?

by **Pyrpolizer** » Sat Sep 07, 2019 10:56 am

Paphitis wrote:
Pyrpolizer wrote:
Paphitis wrote:
My point is, no one had a friggin clue what was to befall Greece and Cyprus or about the banking Collapse years ahead of time.

To say that anyone had any inkling of what was going to happen is just 100% utter deluded stupidity. No ne can ever predict the markets with 100% certainty and accuracy or calculate what the GDP will be worth in 15 years time.

that's the point!

I already told you that with missing data you cannot predict anything. Going around in circles is just a waste of time.

I already gave you a link to UK Govnt study titled "EU Exit Long-term economic analysis" that goes as deep as 2036
This study below goes upto 2050.
https://www.eiu.com/public/topical_repo ... tingTo2050
This study by Deloit goes upto 2024.
https://www2.deloitte.com/us/en/insight ... lysis.html

Still not convinced that you know nothing about this science?
Your problem not mine.

There is no data in the world that gives anyone the ability to accurately predict ANYTHING with regard to the financial markets that far out.They predict over the coming months, and weeks maybe but they qualify their predictions. I never met anyone that is able to predict things 15 years out. If they can do such a thing, then gee, they truly have a gift that will make them a lot of money.

They are guessing and their guesswork is based on quite a number of assumptions.

This isn't a science I am sorry to say. It's finance and economics yes, but that is not the same thing as science such as Physics, Chemistry, or things I know very well like Aerodynamics and meteorology. These are sciences with scientific rules and formula and modelling such as what you will find in Physics, Aerodynamics (Bernoullis Theorem) and Meteorology.

One of these sciences does have an element of guesswork but not that much which is why they get things right 80 to 90% of the time, with the aid of their modelling data, sensors, and technology (like satellites), but they too make assumptions on the models and often enough get it wrong. I am of course referring to meteorology which is a fascinating science that interests me a lot.

Economics and Finance involves a lot more guesswork. I have never met an economist or a Banker who can look you in the eye and tell you what will happen over the course of the year. I do have dealings with banks and relationship manager's and I also consult with a Stock Broker in a major firm that I work with. I get recommendations from him as I am a client because I pay a fee to him. He tells me what should happen, get's it right often but they have never been able to say to me that the market is going to go up 100%. The markets are risky and I don't pretend to be an expert on the markets or a financial expert or an economist(and I doubt you are as well considering all the nonsense you were spouting about the Stock Markets a few months ago), which is why I value this guy's expert summations to reduce (that is all you can do and this is the operative word here as there are never any guarantees here) my risk and which is also why the bulk of my exposures to the markets are done through my Superannuation Fund, with expert high flyer traders who are obviously paid in order to get the best outcome for my fund which I buy into. They get paid bonuses too if they have a good year, but I have seen them get it wrong. It's not a science where if you follow certain rules you are guaranteed because if that was the case we should all be very rich.

They are unable to predict the nation's GDP and a lot of their guesswork is based on historical data and they will tell you that. Predicting what will happen 15 years out is laughable. And yes, Greece and Cyprus were oblivious which is why everyone was borrowing money, Banks were taking Billions worth of deposits and liabilities and buying Billions in bonds to offload their liabilities. If they didn't buy the bonds and derivatives, they would go bust as well, but little did they know that one day their Bonds would become junk. The rest is history. Greek bonds were not always in JUNK status and not even the EU or ECB predicted they would as there were many Western European Banks (French and German) that were holding Greek Bonds. They didn't know either and they lost Billions.

They have NEVER called themselves scientists I am sorry.

You would have saved a lot of blaber blaber time by first learning the distinction between exact sciences like Physics which can predict results with 100% mathematical accuracy, and inexact sciences that may predict results within a range of possibilities.
You as a grand Scientist who graduated "Oxford", should already know that...

by **cyprusgrump** » Sat Sep 07, 2019 11:14 am

miltiades wrote:The peasants aren't that happy !!
Brexit is a long way away..nowhaimean mate !! Wha a load of Plonkers. Mind you all they want is their country back along with numerous ....colonies !!! Don't want non elected beauracrats telling them what to do, neither do they want Parliament telling them, they just want a load of ...shit, Brexshit !!

Well, admittedly I'm not a political heavyweight like you CoCo - I actually thought Boris would become PM... :lol:

But there is a long way to go yet, and at some point (assuming we don't leave on the scheduled date) a GE is going to return a Brexit parliament... :wink:

by **miltiades** » Sat Sep 07, 2019 11:16 am

All that he graduated from is none other than Kangarooxford!! :lol:

Do not fall for the crap he posts. He is no more a pilot than I'm!!!

by **Pyrpolizer** » Sat Sep 07, 2019 11:21 am

erolz66 wrote:Weird sterling drop just as markets close for weekend ?

sterling.JPG

No obvious reason for it I can see atm ? Anyone got any ideas ?

Hmm looks more like a weird euro gain actually.

Is that reliable? Bloomberg says Day Range 1.1128- 1.1181 and closed at 1.1143
https://www.bloomberg.com/quote/GBPEUR:CUR

GBP 06 SEP.PNG