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Sour Mash

Uk Trade Deficit Hits Record High

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Didn't see any comments on this, strange.

Trade Deficit at record level

So much for the theory that turning the currency into toilet paper and abandoning the population to inflation was going to lift the economy out of the doldrums ...But don't worry, it's 'only' because of oil imports and high oil prices.

However, once volatile items such as oil and aircraft are stripped out, the deficit narrowed from October's record figure thanks to a sharp rise in car exports.

Whoops, we used to be a net exporter not so long ago. And if we were to see some sort of improvement in economic activity then we'll need to import even more oil, probably at even higher prices.

Also, love how economists like to say "But if you strip out all the bad stuff it doesn't look so bad". Must be the same guy who tries to handwave away the inflation figures by saying "if you strip out the inflationary things we didn't have any inflation".

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This news, out yesterday, sent the pound up sharply. Bad news for housing also keeping sterling resilient. Powerful copntrary market at the moment.

Not much is going to happen until 2 events occur: sterling and house collapse. The deadly duo that will give us our 15-20% off this year. Maybe more.

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This news, out yesterday, sent the pound up sharply. Bad news for housing also keeping sterling resilient. Powerful copntrary market at the moment.

Not much is going to happen until 2 events occur: sterling and house collapse. The deadly duo that will give us our 15-20% off this year. Maybe more.

RB,

I dont know what to make of it. Normally a trade deficit, drives the value of the pound down, as we pound holders sell pounds to buy more foreign stuff.

Perhaps the City is making lots of money on 'invisibles'. Who knows, some of that City trade my even be legit. Does anyone have any figures for our 'services'?

If we still have a deficit, with the balance made up by financing, then sooner or later that pound is going to go lower, which will give us some almighty inflation.

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UK trade deficit hits record high

Oil imports push Britain's goods trade gap to £8.7bn for the month of November, wrongfooting City economists

....

....

However, once volatile items such as oil and aircraft are stripped out, the deficit narrowed from October's record figure thanks to a sharp rise in car exports.

Next month there'll likely be some more "volatile" items to be stripped out to prove the "narrowed" deficit and the month after that and the month after that......

Edited by billybong

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What the big boys in the city do is whatever the news they go the opposite of what you would think. They know millions of small traders around the world buy the news.

Then they gradually push it the opposite of what makes sense, until the small traders eventually give up and sell at a large loss. Only then does the market go the way that makes sense.

Case in point.. when the BP rig went down in the gulf, the big boys pushed down the price of oil for weeks. Until all those small speculators speculating on leverage finally gave up hope and sold at a loss weeks later.

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What the big boys in the city do is whatever the news they go the opposite of what you would think. They know millions of small traders around the world buy the news.

Then they gradually push it the opposite of what makes sense, until the small traders eventually give up and sell at a large loss. Only then does the market go the way that makes sense.

Case in point.. when the BP rig went down in the gulf, the big boys pushed down the price of oil for weeks. Until all those small speculators speculating on leverage finally gave up hope and sold at a loss weeks later.

absolutely, their whole meaning in life is it to work out what side the little people are on and do the opposite, nothing to do with their own analysis, they will never preempt a move or event, their only goal in life (its written in their contract) wait to see what joe bloggs does, do nothing before that moment or your sacked and then do the opposite all the time, or possibly joe bloggs is just plain wrong most of the time, and how do they know what joe bloggs thinks will happen, what if joe bloggs thinks they think ill do this so i´ll do that, or maybe youbve been watching too much of The Princess Bride

Edited by Tamara De Lempicka

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This news, out yesterday, sent the pound up sharply. Bad news for housing also keeping sterling resilient. Powerful copntrary market at the moment.

Not much is going to happen until 2 events occur: sterling and house collapse. The deadly duo that will give us our 15-20% off this year. Maybe more.

The world is awash with money chasing a decent yield.

A fall in sterling's value only means foreign buyers snapping up properties in London and then re-fuelling the ripple effect outwards

to the rest of the country.

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This news, out yesterday, sent the pound up sharply. Bad news for housing also keeping sterling resilient. Powerful copntrary market at the moment.

Not much is going to happen until 2 events occur: sterling and house collapse. The deadly duo that will give us our 15-20% off this year. Maybe more.

In case it slipped your notice Sterling has already collapsed

tim

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Case in point.. when the BP rig went down in the gulf, the big boys pushed down the price of oil for weeks. Until all those small speculators speculating on leverage finally gave up hope and sold at a loss weeks later.

Its good to see "wealth creation" alive and well in the City. Give them another bonus!

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In case it slipped your notice Sterling has already collapsed

tim

Sterling has not collapsed collapsed. The collapse is not complete until the accounts start to balance. Until that day arrives, the currency is still over priced. It is only logical.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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