Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: Rods2 on 18 February 2013, 22:27:45

Title: Muuuuum, that mans at it again.
Post by: Rods2 on 18 February 2013, 22:27:45: George Soros of make $1bn+ profit in 1991 on ERM fame can smell more big profits by shorting the pound again. :o :o :o :o

http://www.businessinsider.com/soros-profiting-from-decline-in-pound-yen-2013-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=Business%20Insider%20Select%20Mondays%202013-02-18&utm_content=emailshare (http://www.businessinsider.com/soros-profiting-from-decline-in-pound-yen-2013-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=Business%20Insider%20Select%20Mondays%202013-02-18&utm_content=emailshare)

So expect the currency to carry on dropping and fuel and food prices rising. >:( >:( >:( >:(
Title: Re: Muuuuum, that mans at it again.
Post by: feeutfo on 18 February 2013, 22:46:33: Can't be, he's on Holiday ???

Oh, finance. At risk of opening the door for all the pedants in oof'dom...

Wha' ya sayin' Rods? Could not be arsed to read the link, not my interest personally. Being the stupid kid from the local comprehensive and all...?
Title: Re: Muuuuum, that mans at it again.
Post by: Nickbat on 18 February 2013, 22:49:20: Quote from: Rods2 on 18 February 2013, 22:27:45
George Soros of make $1bn+ profit in 1991 on ERM fame can smell more big profits by shorting the pound again. :o :o :o :o

http://www.businessinsider.com/soros-profiting-from-decline-in-pound-yen-2013-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=Business%20Insider%20Select%20Mondays%202013-02-18&utm_content=emailshare (http://www.businessinsider.com/soros-profiting-from-decline-in-pound-yen-2013-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=Business%20Insider%20Select%20Mondays%202013-02-18&utm_content=emailshare)

So expect the currency to carry on dropping and fuel and food prices rising. >:( >:( >:( >:(

Whilst I generally believe in freedom with regard to the markets, Soros is a dangerous man. Perhaps the plan is to weaken sterling to make joining the EUR an attractive proposition to the sheeple. ::) >:(
Title: Re: Muuuuum, that mans at it again.
Post by: Sir Tigger KC on 18 February 2013, 22:55:58: All part of the Osborne/Carney plan to inflate Britain's debts away.... ::)

Looking on the bright side a weak pound is good for our exporters as our goods and services will cheaper to Johnnie Foreigner. :)
Title: Re: Muuuuum, that mans at it again.
Post by: Varche on 19 February 2013, 10:58:44: Quote from: Nickbat on 18 February 2013, 22:49:20
Quote from: Rods2 on 18 February 2013, 22:27:45
George Soros of make $1bn+ profit in 1991 on ERM fame can smell more big profits by shorting the pound again. :o :o :o :o

http://www.businessinsider.com/soros-profiting-from-decline-in-pound-yen-2013-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=Business%20Insider%20Select%20Mondays%202013-02-18&utm_content=emailshare (http://www.businessinsider.com/soros-profiting-from-decline-in-pound-yen-2013-2?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Business%20Insider%20Select&utm_campaign=Business%20Insider%20Select%20Mondays%202013-02-18&utm_content=emailshare)

So expect the currency to carry on dropping and fuel and food prices rising. >:( >:( >:( >:(

Whilst I generally believe in freedom with regard to the markets, Soros is a dangerous man. Perhaps the plan is to weaken sterling to make joining the EUR an attractive proposition to the sheeple. ::) >:(

Great word. ;D ;D

In the case of the British pound (which has been getting hammered all year) the currency is weakening on a combination of weak economic prospects, a worsening balance of trade, and the expectation that newly incoming Bank of England chief Mark Carney will be inclined to ease policy further.

Ihave great hopes for Carney to do the right thing for Britain. He should, we are paying him enough. Nice to see Cameron with a huge entourage in India drumming up business. There is hope. This collapse of the pound is bad for any expats living abroad drawing Uk income - like state pension. 5% drop last month on the month before.
Title: Re: Muuuuum, that mans at it again.
Post by: goose on 19 February 2013, 11:00:51: I think we (Great Britain) should go to Ocean Finance. I saw an advert for them on the telly box last week.
They could consolidate our debts into one easy financial payment! ;D
Title: Re: Muuuuum, that mans at it again.
Post by: STMO123 on 19 February 2013, 11:13:01: Soros made $1 billion between September and January by shorting the yen, which devalued by 25% against a basket of currencies during that time. It was an intentional devaluation by the new Japanese prime minister to improve exports.