Suspect Device Posted September 22, 2016 Share Posted September 22, 2016 The government wants more inflation. Strangely not managing to create it as yet and running out of ideas. Maybe you'll be able to buy your more expensive pint with the helicopter money. 0 Quote Link to comment Share on other sites More sharing options...
Zetterlund Posted September 22, 2016 Share Posted September 22, 2016 Negative interest rates incoming? Doesn't seem to be much of a desire/ability to raise them any time soon. 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted September 26, 2016 Share Posted September 26, 2016 On 9/22/2016 at 16:20, Zetterlund said: Negative interest rates incoming? Doesn't seem to be much of a desire/ability to raise them any time soon. It's possible. They seem to be trying to find any hair brained scheme to get growth/inflation up to it's 'normal' rate. It does seem that the cleverest people in the world (ha!) don't know what the f**k they're doing. 0 Quote Link to comment Share on other sites More sharing options...
Cerberus Posted September 27, 2016 Share Posted September 27, 2016 The UK is fucked. 0 Quote Link to comment Share on other sites More sharing options...
Thistle_do_nicely Posted September 27, 2016 Share Posted September 27, 2016 What's going on at Deutsche Bank?! 0 Quote Link to comment Share on other sites More sharing options...
John Lambies Doos Posted September 27, 2016 Share Posted September 27, 2016 What's going on at Deutsche Bank?! Dunno. They were going to pull out of Scotland in event of independence mind; well according to BBC... not them? 0 Quote Link to comment Share on other sites More sharing options...
doulikefish Posted September 27, 2016 Share Posted September 27, 2016 Pound went its lowest against the defunct (hiya reynard) euro,but its all ok 0 Quote Link to comment Share on other sites More sharing options...
bob the tank Posted September 27, 2016 Share Posted September 27, 2016 Dunno. They were going to pull out of Scotland in event of independence mind; well according to BBC... not them? Cameron's best pal was/is the top man at deutche bank, so no surprise there 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted September 27, 2016 Share Posted September 27, 2016 (edited) 56 minutes ago, Thistle_do_nicely said: What's going on at Deutsche Bank?! US regulators are trying to fine them $13bn for mis-selling in the run up to the 2008 crash. DB don't have a spare $13bn. There have been rumours around their liquidity for a while, and it was always assumed the German government would bail them out if it came to it. Whispers going round recently were that the government will not do that. Price crash yesterday, which also pushed the pound further down against the Euro. Thanks to the UK being heavily reliant on the financial sector, any collapse in DB would probably do more damage to the UK than it would Europe, as it would likely see several of the UK banks being absolutely rattled by the repercussions. ETA: Likelihood is that they will go with a rights issue in the near future. Exactly how much they need to raise and how successful they will be in raising it will be highly dependent on how high the fine from the US ends up being. Edited September 27, 2016 by Ross. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted September 28, 2016 Share Posted September 28, 2016 Quote Bank of England Deputy Governor Minouche Shafik said more easing will probably be needed for the U.K. after the “sizable economic shock” of the Brexit vote. http://www.bloomberg.com/news/articles/2016-09-28/bank-of-england-s-shafik-sees-further-easing-likely-for-u-k 0 Quote Link to comment Share on other sites More sharing options...
Cerberus Posted September 29, 2016 Share Posted September 29, 2016 The UK has Poles but. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted September 30, 2016 Share Posted September 30, 2016 On 27/09/2016 at 11:17, Thistle_do_nicely said: What's going on at Deutsche Bank?! The US Department of Justice were going to fine them $14Bn they're now hopeful to get that knocked down to only $6Bn 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted October 6, 2016 Share Posted October 6, 2016 Anybody going on holiday in the October school break? It's going to cost a lot more for your euros/dollars. It just keeps getting worse. On the plus side, our exports are getting cheaper and tourists coming here can get a great deal. 0 Quote Link to comment Share on other sites More sharing options...
Hammyton Posted October 6, 2016 Share Posted October 6, 2016 4 hours ago, Suspect Device said: Anybody going on holiday in the October school break? It's going to cost a lot more for your euros/dollars. It just keeps getting worse. On the plus side, our exports are getting cheaper and tourists coming here can get a great deal. Yes its great. Pound falls. It is good for exports for now. Longer term the weak pound pushes up the cost of important the parts we use to export and the cost of most consumables. Inflation will head up and a weak currency, not a good mix. Well done the racists. 0 Quote Link to comment Share on other sites More sharing options...
Jimbo Jagsfan Posted October 7, 2016 Share Posted October 7, 2016 Got Euros at the Post Office this afternoon for my wee trip to Slovakia on Monday. Nearly £1 =E1 his makes the beer a wee bit more expensive. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted October 7, 2016 Share Posted October 7, 2016 The US Department of Justice were going to fine them $14Bn they're now hopeful to get that knocked down to only $6Bn I'd bet that was the Yanks going macho after the EU €14 billion fine on Apple. Both will be quietly forgotten about. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted October 7, 2016 Share Posted October 7, 2016 I'd bet that was the Yanks going macho after the EU €14 billion fine on Apple. Both will be quietly forgotten about. It's for rule breaches regarding the mortgage backed securities situation that sparked the global economic crisis Some big American Banks in similar situations have faced similarly colossal demands and then negotiated the DOJ down from 11 digits to 10Deutsche hope for a similar deal and their shares rise and fall depending on how realistic that hope looks day to day 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted October 7, 2016 Share Posted October 7, 2016 On the plus side when I win the euromillions tonight, I'll be praising 'the racists'. . 0 Quote Link to comment Share on other sites More sharing options...
DI Bruce Robertson Posted October 10, 2016 Share Posted October 10, 2016 Pound still tumbling. Predicted to be level with the Euro and $1.15 dollar wise. Great for exporters but not so great if the raw materials are imported.... 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted October 10, 2016 Share Posted October 10, 2016 The government will be happy if this does result in higher inflation. They'll certainly not growing to grow the economy to get out of the massive debt. The only way they might just get it down is through inflation. 0 Quote Link to comment Share on other sites More sharing options...
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