UK car produciton up 10.7 % due to exports
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UK car production jumps 10.7pc on overseas demand [^] Overall UK exports are up 15% over the last few uears (a figure I heard half a year ago) due to a weak pound making UK goods cheap in the euro zone. And the Bank of England is about to do do some more cash printing: Bank of England's MPC indicates QE2 is a case of if not when [^] Whatever hapens with Greece, the Euro has to devalue to stay in line with the US dollar, Sterling, and Swiss Frank. It is just going to price its goods out of the market if it doesnt and cause even more hardship for the majority of its zone. If QE is really so painfull for Germany, wait till it leaves the Euro, and its currency becomes so expensive its exports colapse. Then it is going to know what pain is. --edit-- Perhaps the pain is being felt already: Eurozone services and manufacturing contract for first time in two years [^]
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UK car production jumps 10.7pc on overseas demand [^] Overall UK exports are up 15% over the last few uears (a figure I heard half a year ago) due to a weak pound making UK goods cheap in the euro zone. And the Bank of England is about to do do some more cash printing: Bank of England's MPC indicates QE2 is a case of if not when [^] Whatever hapens with Greece, the Euro has to devalue to stay in line with the US dollar, Sterling, and Swiss Frank. It is just going to price its goods out of the market if it doesnt and cause even more hardship for the majority of its zone. If QE is really so painfull for Germany, wait till it leaves the Euro, and its currency becomes so expensive its exports colapse. Then it is going to know what pain is. --edit-- Perhaps the pain is being felt already: Eurozone services and manufacturing contract for first time in two years [^]
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Blackadder:'It's the same plan that we used last time and the seventeen times before that.' Mervyn King:'Exactly! And that is what is so brilliant about it! It will catch the watchful Hun totally off guard! Doing precisely what we've done eighteen times before is the last thing they'll expect us to do this time!' Quantitative easing has demonstrably failed; the Chancellor must forbid another bout[^]
Rhys "Technological progress is like an axe in the hands of a pathological criminal" "Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe"
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UK car production jumps 10.7pc on overseas demand [^] Overall UK exports are up 15% over the last few uears (a figure I heard half a year ago) due to a weak pound making UK goods cheap in the euro zone. And the Bank of England is about to do do some more cash printing: Bank of England's MPC indicates QE2 is a case of if not when [^] Whatever hapens with Greece, the Euro has to devalue to stay in line with the US dollar, Sterling, and Swiss Frank. It is just going to price its goods out of the market if it doesnt and cause even more hardship for the majority of its zone. If QE is really so painfull for Germany, wait till it leaves the Euro, and its currency becomes so expensive its exports colapse. Then it is going to know what pain is. --edit-- Perhaps the pain is being felt already: Eurozone services and manufacturing contract for first time in two years [^]
============================== Nothing to say.
Funny, it does indeed say "If, not When" in the headline, and yet in the opening paragraph it says "When, not If". Someone needs to shoot the Sub.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
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Blackadder:'It's the same plan that we used last time and the seventeen times before that.' Mervyn King:'Exactly! And that is what is so brilliant about it! It will catch the watchful Hun totally off guard! Doing precisely what we've done eighteen times before is the last thing they'll expect us to do this time!' Quantitative easing has demonstrably failed; the Chancellor must forbid another bout[^]
Rhys "Technological progress is like an axe in the hands of a pathological criminal" "Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe"
goblinTech wrote:
Quantitative easing has demonstrably failed; the Chancellor must forbid another bout[^]
That is an opinion piece with no facts to back it up. I just demonstrated that UK exports are up due to its devalued currency, which is a result of QE. If food inflation is up in the UK, unsurprising since it imports so much food, then that bodes even better for UK food producers who will see an increase in market share as people seek cheaper home produced goods. Inflation also has the advantage of writing down debt. The alternative to zero interest rates and QE was so shocking, that you would have crappped yourself if you had overheard the discussion taking place behind closed doors in the UK in Oct 2008. If you wanted to see a total collapse in UK house prices due to banks desperate for cash repopsessing and auctioning every property they had on their books AND pursuing the ex owners for the negative equity difference, you cant just toss the keys in and walk away like in the US, then yes, you could describe QE as wrong. Tell ne, how long would it have taken the ex owners to pay off that £150K negative equity each home owner would have been burdened with? Decades is the answer. Decades of total utter stagnation and depression. Inflation? Thats the least of your fears. And this MEP guy is a fool for saying it. (When was an MEP anything other than a fool anyway. )
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Funny, it does indeed say "If, not When" in the headline, and yet in the opening paragraph it says "When, not If". Someone needs to shoot the Sub.
------------------------------------ I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^] Trolls[^]
Never noticed. Idiots. :) So, whats your thoughts on QE the Euro and Germany? I guess you probably WANT the euro to stay high, its working out great for the UK. But fomr the Euro perspective, short of Germany leaving the euro, and ending up with a super expensive mark, IMO QE AND chucking Greece out is the best way ahead. (Greece lied about its figures to get in to the Euro anyway. It should have been slung out when this was discovered in 2004)
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Never noticed. Idiots. :) So, whats your thoughts on QE the Euro and Germany? I guess you probably WANT the euro to stay high, its working out great for the UK. But fomr the Euro perspective, short of Germany leaving the euro, and ending up with a super expensive mark, IMO QE AND chucking Greece out is the best way ahead. (Greece lied about its figures to get in to the Euro anyway. It should have been slung out when this was discovered in 2004)
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It should have been slung out when this was discovered in 2004
No! It's the rest of the eurozone that should have been thrown out for not looking carefully enough! :laugh:
'As programmers go, I'm fairly social. Which still means I'm a borderline sociopath by normal standards.' Jeff Atwood
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goblinTech wrote:
Quantitative easing has demonstrably failed; the Chancellor must forbid another bout[^]
That is an opinion piece with no facts to back it up. I just demonstrated that UK exports are up due to its devalued currency, which is a result of QE. If food inflation is up in the UK, unsurprising since it imports so much food, then that bodes even better for UK food producers who will see an increase in market share as people seek cheaper home produced goods. Inflation also has the advantage of writing down debt. The alternative to zero interest rates and QE was so shocking, that you would have crappped yourself if you had overheard the discussion taking place behind closed doors in the UK in Oct 2008. If you wanted to see a total collapse in UK house prices due to banks desperate for cash repopsessing and auctioning every property they had on their books AND pursuing the ex owners for the negative equity difference, you cant just toss the keys in and walk away like in the US, then yes, you could describe QE as wrong. Tell ne, how long would it have taken the ex owners to pay off that £150K negative equity each home owner would have been burdened with? Decades is the answer. Decades of total utter stagnation and depression. Inflation? Thats the least of your fears. And this MEP guy is a fool for saying it. (When was an MEP anything other than a fool anyway. )
============================== Nothing to say.
Erudite__Eric wrote:
That is an opinion piece with no facts to back it up
I don't actually disagree with you, but the reality is... we're fucked. The unfortunate thing is that the cost of housing in the UK has been inflated beyond all reasonable levels for some years, is absolutely unrealistic, unsustainable, and probably has to fall at some point.
Rhys "Technological progress is like an axe in the hands of a pathological criminal" "Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe"
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Erudite__Eric wrote:
That is an opinion piece with no facts to back it up
I don't actually disagree with you, but the reality is... we're fucked. The unfortunate thing is that the cost of housing in the UK has been inflated beyond all reasonable levels for some years, is absolutely unrealistic, unsustainable, and probably has to fall at some point.
Rhys "Technological progress is like an axe in the hands of a pathological criminal" "Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe"
Yeah, thats the benefit of devaluing the currency. In real terms, over 10 years, inflation will take alot of that over pricing out of house prices (by maintaining their digit values). Its also good for exports. Really, the alternative to QE was so shocking... Still, the UK is looking one of the least fucked at the moment. Exports up, defecit down, Shale Gas found in Blackpool, 35,000 years of Coal deposits and its own Oil. And with a devalued currency those are competetive goods. Expect Coal mines to re-open and start exporting coal, like that Welsh one did recently.
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It should have been slung out when this was discovered in 2004
No! It's the rest of the eurozone that should have been thrown out for not looking carefully enough! :laugh:
'As programmers go, I'm fairly social. Which still means I'm a borderline sociopath by normal standards.' Jeff Atwood
Mind you, when it comes to balancing its books, the entire EU is hosed! :) Its a farce the EU. The only good thing it has was Shengen and the Euro. Shame if it loses them. If it does the rest of it might as well just fuck off to oblivion, its a useless big cunt of a thing. This is how useless it is: Within the last 10 years LPG has become a fairly popular fuel for cars. For much longer than this, there has been an EU. A United Europe. SO WHY IS EVERY LPG ADAPTER DIFFERENT IN EVERY FUCKING EU COUNTRY! How NON Union is that! They cant even orgainse a relatively simple thing like that! Wankers!
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Mind you, when it comes to balancing its books, the entire EU is hosed! :) Its a farce the EU. The only good thing it has was Shengen and the Euro. Shame if it loses them. If it does the rest of it might as well just fuck off to oblivion, its a useless big cunt of a thing. This is how useless it is: Within the last 10 years LPG has become a fairly popular fuel for cars. For much longer than this, there has been an EU. A United Europe. SO WHY IS EVERY LPG ADAPTER DIFFERENT IN EVERY FUCKING EU COUNTRY! How NON Union is that! They cant even orgainse a relatively simple thing like that! Wankers!
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Don't get me started on LPG... ... ... :mad: too late! How gas makers have managed to get tax cuts on something that is as bad as any petroleum-based fuel, only with lower efficiency (ie reduced power with the same engine), so you must use *even more* of the stuff to drive the same distance is totally ******. Sorry for the unrelated ranting :-\
'As programmers go, I'm fairly social. Which still means I'm a borderline sociopath by normal standards.' Jeff Atwood
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Don't get me started on LPG... ... ... :mad: too late! How gas makers have managed to get tax cuts on something that is as bad as any petroleum-based fuel, only with lower efficiency (ie reduced power with the same engine), so you must use *even more* of the stuff to drive the same distance is totally ******. Sorry for the unrelated ranting :-\
'As programmers go, I'm fairly social. Which still means I'm a borderline sociopath by normal standards.' Jeff Atwood
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Mind you, when it comes to balancing its books, the entire EU is hosed! :) Its a farce the EU. The only good thing it has was Shengen and the Euro. Shame if it loses them. If it does the rest of it might as well just fuck off to oblivion, its a useless big cunt of a thing. This is how useless it is: Within the last 10 years LPG has become a fairly popular fuel for cars. For much longer than this, there has been an EU. A United Europe. SO WHY IS EVERY LPG ADAPTER DIFFERENT IN EVERY FUCKING EU COUNTRY! How NON Union is that! They cant even orgainse a relatively simple thing like that! Wankers!
============================== Nothing to say.
Erudite__Eric wrote:
How NON Union is that! They cant even orgainse a relatively simple thing like that! Wankers!
Because EU doesn’t have a real and respected government-like structure with clearly defined responsibilities: enforcing standards, enforcing financial discipline, foreign office, military forces coordination and/or high command, Interpol-like structure and intelligence etc. etc. etc. The current thing is an amorphous money-sucking structure with no visible positive impact which generates a lot of declarations and recommendations which are vastly used as a toilet paper from the EU countries.
There is only one Vera Farmiga and Salma Hayek is her prophet! Advertise here – minimum three posts per day are guaranteed.
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UK car production jumps 10.7pc on overseas demand [^] Overall UK exports are up 15% over the last few uears (a figure I heard half a year ago) due to a weak pound making UK goods cheap in the euro zone. And the Bank of England is about to do do some more cash printing: Bank of England's MPC indicates QE2 is a case of if not when [^] Whatever hapens with Greece, the Euro has to devalue to stay in line with the US dollar, Sterling, and Swiss Frank. It is just going to price its goods out of the market if it doesnt and cause even more hardship for the majority of its zone. If QE is really so painfull for Germany, wait till it leaves the Euro, and its currency becomes so expensive its exports colapse. Then it is going to know what pain is. --edit-- Perhaps the pain is being felt already: Eurozone services and manufacturing contract for first time in two years [^]
============================== Nothing to say.
Erudite__Eric wrote:
Overall UK exports are up 15% over the last few uears (a figure I heard half a year ago) due to a weak pound making UK goods cheap in the euro zone.
Not sure what you mean, it's still valued over the Euro, just not as much as it was before 2009.
"I have a theory that the truth is never told during the nine-to-five hours. " — Hunter S. Thompson My comedy.
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Erudite__Eric wrote:
Overall UK exports are up 15% over the last few uears (a figure I heard half a year ago) due to a weak pound making UK goods cheap in the euro zone.
Not sure what you mean, it's still valued over the Euro, just not as much as it was before 2009.
"I have a theory that the truth is never told during the nine-to-five hours. " — Hunter S. Thompson My comedy.
wizardzz wrote:
Not sure what you mean
Sterling used to be 1.5 euros. Now it is 1.1. That means that any sterling product is almost a third cheaper to a euro holder that it was 5 years ago. Want 30% off a new car price? Get it from the UK! Thats why UK exports are up. So in the UK 5 years ago a Ford Ka was £10,000. It stil is today. In France 5 years ago a Ford Ka was 15,000 euros. It sill is today. Now sterling went from 1.5 to 1.1 euros, a French guy can go to the UK 1ith 11,000 euros, change it to Sterling, and buy a Ford Ka, saving himself 4,000 euros over the French price. Of course if the exchange rate stays as it is, the UIK is going to do very very well. It is going to become the cheap manufacturing country for Europe (since it is part of the EU free trade zone). It is also going to start exploiting its natural resources in greater quantities. That Welsh coal mine that had the accident last week had only repoened a few years ago. Either imported coal is 30% more expensive, or UK coal can be sold abroad for a 30% profit, thus making the mine ecconomically viable.
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wizardzz wrote:
Not sure what you mean
Sterling used to be 1.5 euros. Now it is 1.1. That means that any sterling product is almost a third cheaper to a euro holder that it was 5 years ago. Want 30% off a new car price? Get it from the UK! Thats why UK exports are up. So in the UK 5 years ago a Ford Ka was £10,000. It stil is today. In France 5 years ago a Ford Ka was 15,000 euros. It sill is today. Now sterling went from 1.5 to 1.1 euros, a French guy can go to the UK 1ith 11,000 euros, change it to Sterling, and buy a Ford Ka, saving himself 4,000 euros over the French price. Of course if the exchange rate stays as it is, the UIK is going to do very very well. It is going to become the cheap manufacturing country for Europe (since it is part of the EU free trade zone). It is also going to start exploiting its natural resources in greater quantities. That Welsh coal mine that had the accident last week had only repoened a few years ago. Either imported coal is 30% more expensive, or UK coal can be sold abroad for a 30% profit, thus making the mine ecconomically viable.
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My point was that the statement that the Sterling is weak is misleading, it's really just not as strong as it has been historically.
"I have a theory that the truth is never told during the nine-to-five hours. " — Hunter S. Thompson My comedy.
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My point was that the statement that the Sterling is weak is misleading, it's really just not as strong as it has been historically.
"I have a theory that the truth is never told during the nine-to-five hours. " — Hunter S. Thompson My comedy.
Well, when you said 'Whats your point, Sterling is still higher than the euro, justnot as high as before' I thought you were asking what the point of my post was and how the devaulation of the Pound is helping UK car ecxports, so I gave you an example. If you were saying 'Whats your point, Sterling is still higher than the euro, just not as high as before but it is misleading to call weak, weaker than strong' then a) You should have explained yor odd logic 2) Asked someone else for help because it is beyond me
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