Cyprus-Forum.com

[erolz66]

I only read and evaluate and post facts with links which you seem to ignore because they do not suit you.

[miltiades]

Well mate, Try not to give up your ....flying career because you have to service your seven figure debt, well at least as you said its all tax deductible
What a plonker. So , Sterlings demise has no .
effect on the UK economy How about the costs of our imports, will they rise ?? Will that cause inflation ??
Look mate stick to serving passengers and try not to spill the coffe

[CrookedRiverGuy]

My 7 figure debt is doing well for me as well.

Just curious: with how much did you reduce your debt the past 12 months?

[Paphitis]

My 7 figure debt is doing well for me as well.

Just curious: with how much did you reduce your debt the past 12 months?

It fluctuates. Anywhere between no debt to about 1ish and has gone up to 2 mill. It depends on what I am doing at the time. Usually profits get hived off into land and things like that.

Just recently I bought an old run down house in one of Adelaide’s prestigious suburbs.its actually 2 doors down from where I live. Block size is 1250 sq m corner block and it has a massive back yard which I can subdivide into 3 lots and develop. The house might get demolished.

My loans are lines of credit or equity loans. I am not required to make principle payments or reduce the debt. That’s not the purpose of these facilities. These facilities are owner builder loans.

The entities that have the debts also have residual income as I have a number of residential, and commercial rentals. Hence I can borrow and have never defaulted.

I myself am debt free and own my home.

If there is an apocalypse, I can easily get rid of my debt.

[CrookedRiverGuy]

The Euro isn’t a safe haven.

The USD, Swiss Franc and Gold are safe havens.

Well, the EUR didn't exactly suffer much compared to the USD the past weeks.

We might very well see a sharp drop in the USD in the near future. Are you able to see anything alarming with the graph below?
Are you aware of the shape of the USD at the years with the bigger deficits?
Are you aware that the country is run by a president that wouldn't blink at these figures, as long as he can whisper sweet nothings into the ears of those who doesn't know better?

usfiscal.jpg

[Paphitis]

The Euro isn’t a safe haven.

The USD, Swiss Franc and Gold are safe havens.

Well, the EUR didn't exactly suffer much compared to the USD the past weeks.

We might very well see a sharp drop in the USD in the near future. Are you able to see anything alarming with the graph below?
Are you aware of the shape of the USD at the years with the bigger deficits?
Are you aware that the country is run by a president that wouldn't blink at these figures, as long as he can whisper sweet nothings into the ears of those who doesn't know better?

usfiscal.jpg

You might have to look again at your forecasts because the USD has made huge gains on the Euro apart from the last 3 days.

I would scoff at your predictions too. You don’t like Trump do you? Well get ready for another 4 years.

https://www.google.com.au/search?client ... RIFuv6qBt4

[miltiades]

This guy is as thick as his hero whom he once described as an idiot. Donald ofcourse!!

[miltiades]

I have been an ardent watcher of financial markets for half a century now. The one thing I have learned is the volatility of markets be it the currency one or stocks.
I was extremely pleased when at just after the election exit polls predicted a Tory majority, at least in financial terms, Sterling shot up by 2 cents on the euro touching 1.205 . The markets reacted promptly in the knowledge that stability was returning to the political scene at last. In fact tge markets were reacting prior to Thursday 12th of January on the strength of election polls. Well it didn't last long, by yestetday Tuesday 17th Stg was traded below the pre election news and it seems that the current downward trend is continuing. Brexit looming, uncertainty in the UK economy will continue for some time yet. I can not predict the level that Stg will be at by the end of this month, suffice to say I have today converted my Stg to euros. I have always believed that Brexit is bad for the UK economy and apparently so does the financial world. I see no viable reason as to why would Stg strengthen in the forthcoming months. I even believe that come Brexit day, January 31st 2020, the pound will be below 1.10 euro.
Time will tell....

The timing was out by 1 and a half months.
The end result spot on.
Bucketman where are you ? Stop sitting on your singular brain cell and start counting your ....pounds !! By the way, rates quoted are just MMR ( inter bank mid market rates) what you actually get for your pound is around 4 cents lower. Effectively around 1.06 euros, reaching par with euro? Not aff !!

[CrookedRiverGuy]

You might have to look again at your forecasts because the USD has made huge gains on the Euro apart from the last 3 days.

I would scoff at your predictions too. You don’t like Trump do you? Well get ready for another 4 years.

https://www.google.com.au/search?client ... RIFuv6qBt4

"The last 3 days": Today is 16th and 3 days ago was the 13th.
Your chart clearly shows that one USD costs 0.90 EUR today while it was 0.89 3 days ago. You call that a surge?

Your sense of reality is extremely selective.

How about this:
Your chart clearly shows that one USD costs 0.90 EUR today while it was 0.93 on feb 20th. Has the dollar gotten stronger or weaker during the past 4 weeks mr. unconditional Trump lover?

[miltiades]

Mate, this guy makes it up as he goes along. To him currency is of ....no importance to a nation's economy. There again some time back he suggested tha a third world war isn't a bad idea .
A first class PLONKER or what !!