never mind Gibraltar
Apparently it took 4 years to negotiate euro clearing last time
( , Tue 4 Apr 2017, 16:07, Share, Reply)
Apparently it took 4 years to negotiate euro clearing last time
( , Tue 4 Apr 2017, 16:07, Share, Reply)
Fair enough, I assume we could respond like for like with Sterling and the US with the Dollar if they don't already?
Also I know it's probably a bad thing for the UK but I just can't find any sympathy for bankers or city types.
On the bright side if they all fuck off the price of a pint in central London should go down.
( , Tue 4 Apr 2017, 16:18, Share, Reply)
Also I know it's probably a bad thing for the UK but I just can't find any sympathy for bankers or city types.
On the bright side if they all fuck off the price of a pint in central London should go down.
( , Tue 4 Apr 2017, 16:18, Share, Reply)
it's the back office staff that'll lose their jobs not the "bankers"
who are (in the public's eye) the blue bloods
( , Tue 4 Apr 2017, 16:25, Share, Reply)
who are (in the public's eye) the blue bloods
( , Tue 4 Apr 2017, 16:25, Share, Reply)
Well thats a shame, because they all came out in force when manufacturing jobs were being shed left right and centre because of a over valued pound.
( , Tue 4 Apr 2017, 16:30, Share, Reply)
( , Tue 4 Apr 2017, 16:30, Share, Reply)
If you are in the business of exporting goods or services
and the only reason that people aren't buying your goods or services is that they can get them cheaper elsewhere, on a subjective level, your currency is overvalued. When it becomes widespread among exporters that this is the case, objectively your currency is overvalued.
www.amazon.co.uk/Economics-Dummies-Peter-Antonioni/dp/0470973250
( , Tue 4 Apr 2017, 17:09, Share, Reply)
and the only reason that people aren't buying your goods or services is that they can get them cheaper elsewhere, on a subjective level, your currency is overvalued. When it becomes widespread among exporters that this is the case, objectively your currency is overvalued.
www.amazon.co.uk/Economics-Dummies-Peter-Antonioni/dp/0470973250
( , Tue 4 Apr 2017, 17:09, Share, Reply)
Oh yeah?
Well if it's over valued I'll give you 90p each for all your quids.
Fair's fair.
( , Tue 4 Apr 2017, 17:14, Share, Reply)
Well if it's over valued I'll give you 90p each for all your quids.
Fair's fair.
( , Tue 4 Apr 2017, 17:14, Share, Reply)
well no, because 'elsewhere' might well have (usually does have) lower costs or higher productivity or both
( , Tue 4 Apr 2017, 17:25, Share, Reply)
( , Tue 4 Apr 2017, 17:25, Share, Reply)
Yes Benny, that's exactly the point.
An economy that has higher costs (especially labour costs) than another will have a currency that is overvalued in comparison to the lower cost economy. This is super fucking basic macro economics. Have you ever read the business pages in a newspaper in your entire life?
( , Tue 4 Apr 2017, 17:41, Share, Reply)
An economy that has higher costs (especially labour costs) than another will have a currency that is overvalued in comparison to the lower cost economy. This is super fucking basic macro economics. Have you ever read the business pages in a newspaper in your entire life?
( , Tue 4 Apr 2017, 17:41, Share, Reply)
you're right, I have no idea what you're talking about
Thanks for playing though
( , Tue 4 Apr 2017, 17:50, Share, Reply)
Thanks for playing though
( , Tue 4 Apr 2017, 17:50, Share, Reply)
I'm not sure you have any idea about anything Benny.
But this doesn't stop you constantly spouting inane bollocks. Tragically you have the vote too.
( , Tue 4 Apr 2017, 17:55, Share, Reply)
But this doesn't stop you constantly spouting inane bollocks. Tragically you have the vote too.
( , Tue 4 Apr 2017, 17:55, Share, Reply)
Bankers, risk managers, compliance officers...
We are going to be 100,000 cunts lighter!
This is brilliant news!! :D
( , Tue 4 Apr 2017, 16:28, Share, Reply)
We are going to be 100,000 cunts lighter!
This is brilliant news!! :D
( , Tue 4 Apr 2017, 16:28, Share, Reply)
It's very generous of the European Central Bank to let Merkel always pull up to their table and enjoy the free nibbles.
It's not like a head of one specific state is somehow dictating the actions of an entirely independent Europe-wide institution or anything.
( , Tue 4 Apr 2017, 17:55, Share, Reply)
It's not like a head of one specific state is somehow dictating the actions of an entirely independent Europe-wide institution or anything.
( , Tue 4 Apr 2017, 17:55, Share, Reply)