Astute
Well-Known Member
Annoyed?
The worse thing you have ever said about Juncker and the countless billions he has cost us. What a joke.
The EU: In, out, shake it all about.... (12 Viewers)
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The worse thing you have ever said about Juncker and the countless billions he has cost us. What a joke.
Astute
Well-Known Member
Just an opinion?
OK not a pro EU opinion. But an honest opinion. Are you saying that your hero Warren Buffett is wrong? As in the link I provided for you?
So which part do you not understand? Currencies go up and down depending on the outlook of the countries that use them. Germany and Greece have the same currency along with other very weak economies. So what makes the Euro go up and down. Is it the strength of Germany or the weakness of Greece and similar?
Yet you say it is just an opinion.
So Buffett says the best thing for the countries in the EU and Euro would be for Germany to leave the Euro. But he also says that it won't happen because Germany benefits from it too much. That is the one suggestion that would work. Otherwise it will be nothing but firefighting to keep the other economies from collapsing.
You keep posting negative things about Juncker. I say, I agree. I say he bent the law to the limit with Selmayr, but it was deemed legal.
Yes, I am annoyed. What else am I expected to do? I can vote for a party of which he was not nominated as candidate by in the EU elections. What will you be doing?
I missed that about Warren Buffet. Which link was that in? I thought the opinion was by a Guardian staff journalist. I was more in favour of Macron‘s ideas for a solution which he mentioned in the article. I assume Macron knows more about the Euro as he was a Minister in the French government before he became President.
I haven’t read up on Warren Buffet‘s opinions on the Euro.
Why do you think the pound keeps going down? Do you think that the outlook based on Brexit is perceived by investors to be negative? Or do you think investors are backing Brexit as the sensible way forward?
? Seemed anti Euro to me. A bit over simplified. I have never mentioned Warren Buffett up until now. How do you know whether he is my hero or not? You don’t. You just say things.
I respect what he has achieved and the little I seen or heard about him, shows him to be a relatively decent person ( compared to the likes of Trump, Banks etc )
Astute
Well-Known Member
How can something against all rules and regulations be right?
It wasn't a law that was broke. So not illegal. The way Selmayr was put in place was against everything that the EU says. But you saying about laws is also totally wrong. It just shows how much they don't follow their own rules and regulations. Yet he has kept the top job when everyone knows he shouldn't have got it.
Astute
Well-Known Member
You were delighted when Buffett said we should stay in the EU. Would probably earn him more billions.
Astute
Well-Known Member
The pound goes up and down. But as usual you only notice the down part.
So is the Euro a massive benefit to Germany?
Cov City Daytrader 87
Well-Known Member
Euro has gone down against the pound, whilst sterling has jumped to $1.30 on the news.
GBP USD News - FXStreet
GBP USD News - FXStreet
The enquiry said it was within the law. Not in the spirit of the law. Law counts above spirit.
The Euro is a benefit to Europe as a whole. Now answer the question. Please.
52 weeks 1.0745-1.1600 now around 1.11
I don’t even remember Buffet saying that. I certainly didn’t mention it. I think he earned enough billions from Trump’s tax reform without even doing anything. He was probably right about staying in the EU though. Where’s your mate? .. richest man in Britain... Iegged it to Monaco ( euro country ) was the last I heard.
What news is that? Barnier offers Canada or Norway deal? Both unacceptable to Brexiters. BINO. Which is what has been predicted for ages on here. No cakery.
Astute
Well-Known Member
What question?
And how about answering how is the Euro a benefit to the poorer countries when it is tied to how Germany does as well.
Astute
Well-Known Member
Within what law?
It was against everything rule and regulation that the EU has when voting in someone. But it isn't a law. So no law was broken. They just broke their word.
Astute
Well-Known Member
What happened to you saying the pound is constantly going down?
1. I didn’t. 2. It is lower than before Brexit.
It was an appointment not an election. There was no voting. Thereshould have been other candidates and the job should have been better advertised. Not law, but good practice.
Which countries? How do you judge benefits? I remember Italy saying they would have the advantage of knowing how much their costs were and could calculate their price/ profit better without having to buy and sell currencies in advance. This saves costs. Internal Euro transfers cost the same as inland transfers. Greece was poorer and lived beyond it’s means until the crash in 2008. no one was complaining then. Undoubtedly things should be improved. Macron is right with his ideas. Especially the transfer between rich and poor states. As happens in Germany. And with a finance minister and closer fiscal policies.
dutchman
Well-Known Member
It's lower because the BoE lowered interest rates after Brexit when they said beforehand that interest rates would have to rise because of Brexit.
Brexit itself had no effect on the value of the Pound, one way or the other.
Not true. The Daily Mail claims that the pound has soared because of Barnier saying we will get a great deal. Went down when May said no deal won’t be the end of the world.
Grendel
Well-Known Member
Which has been a huge benefit to many manufacturers
Astute
Well-Known Member
Top post on this page. And done this morning.
Astute
Well-Known Member
Should have been an election. And he wasn't allowed to apply as he didn't have a position already that allowed him to go for the post. They named two people who were going to be voted for. Then instantly the other one pulled out.
But you know this.
Astute
Well-Known Member
Alright Mart. So countries that are poor benefit from a currency much stronger than they would have if it was down to how they are doing with their own currency. And Germany doesn't benefit from a currency that is much weaker than they would have if they had their own currency.
And you know more than Warren Buffett with finances :smuggrin:
ok. It has gone down. It has now jumped back. On the whole it is down.
I haven't heard what Warren Buffet says. I asked you to post the link.
Astute
Well-Known Member
Here we go again.
You come out with what sort of rag the Mail is and say it shouldn't be used. But then you quote it.
What was the election called? Who was allowed to vote?
Grendel
Well-Known Member
It’s idiotic. The ability to devalue currency is a weapon every country wants to exploit in times of economic downturn.
Yes. The United States, The Russian Federation and the Eurozone for example.
It was sarcasm... but true... someone else referred to the „news“. I googled and saw that the Mail claimed that the pound had „soared“. That’s why I later told posted the spread in the last 52 weeks. It had gone up, but not „soared“. Which is why the Mail is, as you say, a rag.
Grendel
Well-Known Member
Be honest when it comes to monetary policy you are really found wanting. Your reply makes no sense