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A SHORT LIVED RECOVERY ?

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Re: A SHORT LIVED RECOVERY ?

Postby Paphitis » Fri Mar 20, 2020 9:35 am

erolz66 wrote:
Paphitis wrote: It's pretty dam BAD. But not just bad for us, it would be even worse for Europe, Asia and US. We are headed towards a major train-wreck which in Australia we have never seen since the 1920s. Australians have never had a taste of war and depression or poverty before. because of that, we have become spoilt brats and taking our good fortunes for granted. Now hunger and depression could be headed our way. I am not exaggerating. If this crisis isn't controlled soon, we are all in deep shit.


Perfect time then to be trying to renegotiate trade arrangements with your biggest trading partner by setting an arbitrary deadline driven by political dogma.


There is no political dogma.

Britain just doesn't want to be a part of the EU and they have every right to make that decision and stick to it, and also go under WTO if necessary. they area sovereign country subservient to none.
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Re: A SHORT LIVED RECOVERY ?

Postby erolz66 » Fri Mar 20, 2020 9:59 am

Paphitis wrote:
erolz66 wrote:
Paphitis wrote: It's pretty dam BAD. But not just bad for us, it would be even worse for Europe, Asia and US. We are headed towards a major train-wreck which in Australia we have never seen since the 1920s. Australians have never had a taste of war and depression or poverty before. because of that, we have become spoilt brats and taking our good fortunes for granted. Now hunger and depression could be headed our way. I am not exaggerating. If this crisis isn't controlled soon, we are all in deep shit.


Perfect time then to be trying to renegotiate trade arrangements with your biggest trading partner by setting an arbitrary deadline driven by political dogma.


There is no political dogma.

Britain just doesn't want to be a part of the EU and they have every right to make that decision and stick to it, and also go under WTO if necessary. they area sovereign country subservient to none.


I have the right to decide to make changes to the roof on my house but only and idiot would refused to delay such in the face of the worst storms ever seen in multiple generations.

Announcing today that given the global situation right now the UK is at least prepared to consider extending the transition period would have more positive effect on sterling and the FTSE in these difficult times than creating £200 billion in new money and would cost nothing. Refusing to do so is a result of of political dogma and nothing else.
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Re: A SHORT LIVED RECOVERY ?

Postby Londonrake » Fri Mar 20, 2020 12:38 pm

Paphitis. You’re in the wrong business nowadays:


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Re: A SHORT LIVED RECOVERY ?

Postby Paphitis » Fri Mar 20, 2020 12:40 pm

erolz66 wrote:
Paphitis wrote:
erolz66 wrote:
Paphitis wrote: It's pretty dam BAD. But not just bad for us, it would be even worse for Europe, Asia and US. We are headed towards a major train-wreck which in Australia we have never seen since the 1920s. Australians have never had a taste of war and depression or poverty before. because of that, we have become spoilt brats and taking our good fortunes for granted. Now hunger and depression could be headed our way. I am not exaggerating. If this crisis isn't controlled soon, we are all in deep shit.


Perfect time then to be trying to renegotiate trade arrangements with your biggest trading partner by setting an arbitrary deadline driven by political dogma.


There is no political dogma.

Britain just doesn't want to be a part of the EU and they have every right to make that decision and stick to it, and also go under WTO if necessary. they area sovereign country subservient to none.


I have the right to decide to make changes to the roof on my house but only and idiot would refused to delay such in the face of the worst storms ever seen in multiple generations.

Announcing today that given the global situation right now the UK is at least prepared to consider extending the transition period would have more positive effect on sterling and the FTSE in these difficult times than creating £200 billion in new money and would cost nothing. Refusing to do so is a result of of political dogma and nothing else.


And you are one for the scaremongering. Britain is a strong country, and can weather any storm and come through the other side. If the UK can't stand on their feel, then 195 countries should hand in their sovereignty right now.

Put it this way. Britain is going to be better off during this economic crisis than most countries in the EU will, considering the fact that some EU countries are going to tank.
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Re: A SHORT LIVED RECOVERY ?

Postby Paphitis » Fri Mar 20, 2020 12:41 pm

Londonrake wrote:Paphitis. You’re in the wrong business nowadays:


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:lol: :lol: :lol:

So true!
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Re: A SHORT LIVED RECOVERY ?

Postby erolz66 » Fri Mar 20, 2020 12:50 pm

erolz66 wrote:I did 'buy the dip' , with modest amounts of cash, to add to my existing bitcoin holdings, when it dropped to the 5K USD range. So far this seems to be a not totally stupid move. Nor was it an easy decision. I was close to panic selling when the initial big drop (in lock with stock markets and other assets classes) was in full swing but managed to resist the temptation. Just. Time will tell how good or bad a call that was.


So I bought 'the dip' on 16th March at £3992. Just sold at £5855. Approx 46% gain in four days, good enough for me.
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Re: A SHORT LIVED RECOVERY ?

Postby miltiades » Fri Mar 20, 2020 12:54 pm

Paphitis wrote:
erolz66 wrote:
Paphitis wrote:
erolz66 wrote:
Paphitis wrote: It's pretty dam BAD. But not just bad for us, it would be even worse for Europe, Asia and US. We are headed towards a major train-wreck which in Australia we have never seen since the 1920s. Australians have never had a taste of war and depression or poverty before. because of that, we have become spoilt brats and taking our good fortunes for granted. Now hunger and depression could be headed our way. I am not exaggerating. If this crisis isn't controlled soon, we are all in deep shit.


Perfect time then to be trying to renegotiate trade arrangements with your biggest trading partner by setting an arbitrary deadline driven by political dogma.


There is no political dogma.

Britain just doesn't want to be a part of the EU and they have every right to make that decision and stick to it, and also go under WTO if necessary. they area sovereign country subservient to none.


I have the right to decide to make changes to the roof on my house but only and idiot would refused to delay such in the face of the worst storms ever seen in multiple generations.

Announcing today that given the global situation right now the UK is at least prepared to consider extending the transition period would have more positive effect on sterling and the FTSE in these difficult times than creating £200 billion in new money and would cost nothing. Refusing to do so is a result of of political dogma and nothing else.


And you are one for the scaremongering. Britain is a strong country, and can weather any storm and come through the other side. If the UK can't stand on their feel, then 195 countries should hand in their sovereignty right now.

Put it this way. Britain is going to be better off during this economic crisis than most countries in the EU will, considering the fact that some EU countries are going to tank.

An expert in international affairs, alas he gets everything wrong !!!
So you think that Britain will cope better during this crisis. What are you basing this assumption on ? Could it be that we are the only country in Europe that has first class Clown at the helm ? Time will tell.
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Re: A SHORT LIVED RECOVERY ?

Postby Kikapu » Fri Mar 20, 2020 1:02 pm

erolz66 wrote:
erolz66 wrote:I did 'buy the dip' , with modest amounts of cash, to add to my existing bitcoin holdings, when it dropped to the 5K USD range. So far this seems to be a not totally stupid move. Nor was it an easy decision. I was close to panic selling when the initial big drop (in lock with stock markets and other assets classes) was in full swing but managed to resist the temptation. Just. Time will tell how good or bad a call that was.


So I bought 'the dip' on 16th March at £3992. Just sold at £5855. Approx 46% gain in four days, good enough for me.

Drinks all around, yes? :D
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Re: A SHORT LIVED RECOVERY ?

Postby Londonrake » Fri Mar 20, 2020 1:24 pm

miltiades wrote:Could it be that we are the only country in Europe that has first class Clown at the helm ?


Yeah, I miss ole Toff, too. (RIP)
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Re: A SHORT LIVED RECOVERY ?

Postby Paphitis » Fri Mar 20, 2020 2:09 pm

miltiades wrote:
Paphitis wrote:
erolz66 wrote:
Paphitis wrote:
erolz66 wrote:
Paphitis wrote: It's pretty dam BAD. But not just bad for us, it would be even worse for Europe, Asia and US. We are headed towards a major train-wreck which in Australia we have never seen since the 1920s. Australians have never had a taste of war and depression or poverty before. because of that, we have become spoilt brats and taking our good fortunes for granted. Now hunger and depression could be headed our way. I am not exaggerating. If this crisis isn't controlled soon, we are all in deep shit.


Perfect time then to be trying to renegotiate trade arrangements with your biggest trading partner by setting an arbitrary deadline driven by political dogma.


There is no political dogma.

Britain just doesn't want to be a part of the EU and they have every right to make that decision and stick to it, and also go under WTO if necessary. they area sovereign country subservient to none.


I have the right to decide to make changes to the roof on my house but only and idiot would refused to delay such in the face of the worst storms ever seen in multiple generations.

Announcing today that given the global situation right now the UK is at least prepared to consider extending the transition period would have more positive effect on sterling and the FTSE in these difficult times than creating £200 billion in new money and would cost nothing. Refusing to do so is a result of of political dogma and nothing else.


And you are one for the scaremongering. Britain is a strong country, and can weather any storm and come through the other side. If the UK can't stand on their feel, then 195 countries should hand in their sovereignty right now.

Put it this way. Britain is going to be better off during this economic crisis than most countries in the EU will, considering the fact that some EU countries are going to tank.

An expert in international affairs, alas he gets everything wrong !!!
So you think that Britain will cope better during this crisis. What are you basing this assumption on ? Could it be that we are the only country in Europe that has first class Clown at the helm ? Time will tell.


Me get everything wrong?

Did you predict BREXIT won't occur or that BORIS wouldn't be PM of UK?

How did that one go? :lol:
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