Thread: 55 badt to GBP / 42 badt to EUR

Originally Posted by William

I disagree. CI is more to do with the individual than the Govt.

Personal savings decisions have nothing to do with business capital investment decisions. It's always a fiscal component. The incentives must always come from the top when they are lacking at the base.

Originally Posted by William

But we told everyone "spend what the fuck you want, and will still take care of you"

this is an incentive for consumer spending, a different policy

Originally Posted by Butterfly

Originally Posted by William

I disagree. CI is more to do with the individual than the Govt.

Personal savings decisions have nothing to do with business capital investment decisions. It's always a fiscal component. The incentives must always come from the top when they are lacking at the base.

Originally Posted by William

But we told everyone "spend what the fuck you want, and will still take care of you"

this is an incentive for consumer spending, a different policy

You are a top trickle down man - Bonuses

I'm a bottom trickle up man - Saveings

Originally Posted by William

I'm a bottom trickle up man - Saveings

you will need to explain that one,

Sterling dropping like a stone. Down 8% against the Yen, 5% against the USD, God knows what it will be against the THB tomorrow.

Most worrying amongst the market rout is that HSBC (my safe bank - where I keep my foking dosh) is down 20% today!

And Tud - the Aussie dollar is dow an average of 10% on the day against everything!

Originally Posted by Butterfly

I would love to see HSBC going down,

Er, why?

yep , Thailand is now more expensive than Australia ............

good luck with that .

Originally Posted by bkkandrew

And Tud - the Aussie dollar is dow an average of 10% on the day against everything!

As my Aussie mate just remarked, "unreal".

^^^Fock am I glad I'm no longer paid in GBP! Fortuitous bit of timing that was!!

Dow now below 8000 at 7966.

^Now 7916. Down 10% in the first few minutes.

IG Index - Financial Spread Betting

9:23am

NY is not opened yet

^Futures market, my bad.

No gold bars for sale during weekends


By The Nation

Some gold shops will not trade gold bullion on weekends starting from next months after they ran out of stock the bullions and gold ornaments.

Large crowds of people were seen flocking in many gold shops after the prices of the metal reduced sharply.
However the gold ornaments will be for sale as usual.

Jitti Tangsithpakdi, the president of Gold Trader Association said Friday that the gold traders decided that starting from next month, many of gold traders would not trade the gold bullion on weekend.


"Foreign markets across the world are closed on weekend, therefore if we still trade, sellers and buyers will take risk in price margin, therefore many gold traders don't want to trade gold bullion and asked the association to explain to consumers," said Jitti
The president said that the volatility of gold price in the global market caused the gold price in Thailand to changes for many hundreds Baht in a day.
Besides the trade volume recently is much higher than usual, therefore it's risky to trade without knowing the exact price.

"Right now there are only big amount of buying order or selling order, therefore after receiving the order, we can't trade in the country but we have to trade in the foreign market which gain lower margin, so we must protect our risk," said the president.



are they running out?

Originally Posted by bkkandrew

^Futures market, my bad.

you should get better sources than those silly blogs and betting websites,

you seem to confuse those with reality,

Originally Posted by WSJ

Dow futures have fallen 550 points, the maximum amount allowed, and were locked at 8224,

Dow Jones about 5 per cent, around 430 points early at the start of trade.
Black friday again for them.

Wall Street plunges at open on recession fears
Fri Oct 24, 2008 9:42am EDT




NEW YORK (Reuters) - Stocks plummeted at the opening bell on Friday as investors dumped stocks worldwide on fears that the global economy was in the throes of recession.

The Dow Jones industrial average was down 398.08 points, or 4.58 percent, at 8,293.17. The Standard & Poor's 500 Index was down 42.09 points, or 4.63 percent, at 866.02.

The Nasdaq Composite Index was down 103.01 points, or 6.42 percent, at 1,500.90.

(Reporting by Ellis Mnyandu; Editing by James Dalgleish)

reuters.com

-2% soon after open, now -4.5%...looks like the blackest October to date - with still a week to go!

Originally Posted by Butterfly

Originally Posted by bkkandrew

^Futures market, my bad.

you should get better sources than those silly blogs and betting websites,

you seem to confuse those with reality,

Originally Posted by WSJ

Dow futures have fallen 550 points, the maximum amount allowed, and were locked at 8224,

Your lack of knowledge on financial matters is demonstrated yet again by you being unaware of the importance of IG Index (a 'betting' website) and FT Alphaville (a Financial Times blog).

Originally Posted by bkkandrew

Your lack of knowledge on financial matters is demonstrated yet again by you being unaware of the importance of IG Index (a 'betting' website)

unbelievable, so a betting website is actually a reliable financial source to forecast future market performance ? are you on drugs by any chance ?

^Try and read up on what IG Index and City Index are actually used for, then come back and apologise.

While you do your homework, I'm off to the pub.

The British pound is worthless.

I'd wipe my ass with them if they didn't have sharp edges.

Idiots and dolts trying to run a country get what they deserve. Someday your economy might rival Thailand.