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Re: Looking Ahead
If I had a nickel for every time someone says collapse is coming "this year"... I'd have a lot of nickels!
Be kinder than necessary because everyone you meet is fighting some kind of battle. -
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Re: Looking Ahead
It won't be 2016............its a Election year..........2017 ish end of?..........i suspect 2018 (10 years after the 1st one)................God, i HATE waiting! As for Don T, i wouldn't be shocked to see him win....the Ronald Ray-gun of the 21st centry.
MikeComment
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Re: Looking Ahead
More like Adolf Hatler. We're dumb over here Mike but we're not that dumb.Originally posted by Mega View Post
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Re: Looking Ahead
He is very smart...........he has an IQ of atlest 156...........i no idea how old you are but i am the wrong side of 50.
I recall the CartervRegan election of 1979............everyone, EVERYONE said Ron was a joke, no one would vote for him.........."Jimmy" was home dry.......till Iran thing caught up to him.............but even then "No Way Ronney".
Except, they did!Comment
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Re: Looking Ahead
Meantime good times for Mega?
Pound is 'most overvalued currency in the world', analysts claim
Analysts says sterling will remain vulnerable to further falls next year as government picks-up pace of spending cuts and Brexit vote looms
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Deutsche Bank believes the pound could fall as low as $1.27 next year and $1.15 in 2017 from about $1.485 today Photo: GETTY
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By Szu Ping Chan
5:15PM GMT 26 Dec 2015
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The pound is one of the most overvalued currencies in the world and will suffer next year as the Government ramps up spending cuts and uncertainty about Britain’s future in the EU weighs on growth.
Analysts at Deutsche Bank warned that the Bank of England may not be able to raise interest rates “at all” if Britain’s recovery slows.
It believes the pound could fall as low as $1.27 next year and $1.15 in 2017 from about $1.485 today if the US Federal Reserve continues to tighten monetary policy and the Bank of England leaves interest rates on hold.
“We have various different ways of looking at currency valuations and what we find is that sterling is the most expensive currency out there at the moment - even including the dollar,” said Oliver Harvey, foreign exchange strategist at Deutsche Bank. Earlier this year, the International Monetary Fund said the pound was between 5pc and 15pc overvalued.
Several Bank policymakers, including Governor Mark Carney and even hawkish rate-setter Martin Weale have played down the prospect of a rate rise in the next few months as a renewed fall in oil prices and weak wage growth keep inflation well below the Bank's 2pc target.
"Sterling is the most expensive currency out there at the moment, even including the dollar."
Oliver Harvey, Deutsche Bank
Deutsche Bank said more fiscal consolidation next year relative to this year would make it “challenging” for the Bank of England to raise interest rates if austerity weighed on growth.
“[Since November] oil prices have fallen more and the inflation data are showing signs of slowing. So if we don’t have a hiking cycle in the first half of next year, there is a risk that we don’t have a hiking cycle at all.”
Markets currently expect the Bank to raise rates in January 2017. Mr Harvey said even if the Bank started to raise rates next year, the path of hikes would be much shallower than in the US, which would push sterling down to at least $1.40 against the dollar by the end of 2016.
Hamish Pepper, an analyst at Barclays, also warned that the Bank could kick rate rises into the long grass if “aggressive” spending cuts over the next three years hit consumption and weigh on growth. “Our core forecast is for Bank Rate to move higher in the middle of next year, but what we are increasingly trying to emphasise is that nothing could happen at all,” he said.
A YouGov survey last week showed household inflation expectations for 2015 were the lowest since records began in 2005. Michael Saunders, chief UK economist at Citi, said the “marked drop” had led to a “lower sense among employers and employees of what is a normal pay rise”
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Both Deutsche Bank and Barclays expect the euro to reach parity against the dollar by the end of next year as monetary policy in the US and eurozone continues to diverge.
Mr Harvey said political risks linked to Britain’s referendum on EU membership, which is due before the end of 2017, could make financing Britain’s “very wide” current account deficit, which stood at 3.7pc of GDP in the third quarter, difficult.
Deutsche Bank expects the single currency to “grind higher” against the pound over the next few years as a result.Comment
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Re: Looking Ahead
You might be right. His hair is definitely radioactive.Originally posted by Mega View Post
Be kinder than necessary because everyone you meet is fighting some kind of battle.Comment
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Re: Looking Ahead
Twice!Originally posted by Mega View Post
If he wins he'll either go down in history as another Reagan or another Hitler.
Be kinder than necessary because everyone you meet is fighting some kind of battle.Comment
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Re: Looking Ahead
After he wins by a landslide to rival Nixon/Reagan we'll be hard pressed to find any of our friends who'll admit to voting for him.Originally posted by shiny! View Post
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Re: Looking Ahead
Originally posted by Woodsman View PostAfter he wins by a landslide to rival Nixon/Reagan we'll be hard pressed to find any of our friends who'll admit to voting for him.
If so we might have to call it the first case of Immaculate Election.Comment
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Re: Looking Ahead
I'm not sure one of my favorite TV programs was popular across the border but as soon as I read your idea it reminded me of the show Arrested Development. In one of the episodes called "The Immaculate Election", one of the main characters is running against a Donald Trump like character named Steve Holt. The character Steve Holt is the quintessential moron jock. When any thoughtful response is required he always raises his fists in the air and shouts, "STEVE HOLT!". The character is so Donald Trump like it's scary.Originally posted by GRG55 View Post
Available streaming on Netflix.Comment
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Re: Looking Ahead
We don't own a television, and I have never downloaded a movie as the internet connection at the bunker is hopelessly slow.Originally posted by santafe2 View Post
My thought probably came from a combination of the basis for the current holiday season and the reference to Jesus in the picture at the bottom of Woodsman's posts.Comment
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Re: Looking Ahead
+1Originally posted by Woodsman View Post
you mean just like o'whatshisname?
i'm still amazed to see O/B stickers on cars.
but then.. they're usually on things like the prius (tesla) or accompanied by ones that say 'if you think education is expensive, try ignorance'
clearly making 'education' very expensive indeed.Comment
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