The Weak Pound and Foreing Player Trading

[Mole]

With the global Market giving it's damning verdict of Browns management of the UK economy, and Sterling crashing against the Euro, i think the days of buying foreign players for clubs outside the top 6 of the premiership could be over for the time being.

 

This can only be a good thing IMO for the state of English football and the national side.

[Marino]

The downside will be that with no overseas market to buy from the Prem clubs will concentrate even more on plundering young players from the likes of Saints.

[Mole]

The downside will be that with no overseas market to buy from the Prem clubs will concentrate even more on plundering young players from the likes of Saints.

 

But is that a downside?

 

If more money filters through the British leagues it's a good thing and how it should be IMO.

[1976_Child]

With the global Market giving it's damning verdict of Browns management of the UK economy, and Sterling crashing against the Euro, i think the days of buying foreign players for clubs outside the top 6 of the premiership could be over for the time being.

 

This can only be a good thing IMO for the state of English football and the national side.

 

good point - but then again when we come to sell players to overseas clubs then we take advantage of the weak exchange rate!

[Mole]

good point - but then again when we come to sell players to overseas clubs then we take advantage of the weak exchange rate!

 

Precisely and going off on a tangent this is why i think the recession in Britain could well be less harsh than on the continent. For businesses that can move quickly to take advantage of the opportunities in Europe there is real money to be made.

 

That said i'm totally ****ed off by the exchange rate as last year i got 1.47 euros to the pound and today i enquired at the post office about Euros (was collecting some i'd bought online for pathetic 1.137 - £1 and it's now 1.07 - £1.

 

I'll be taking Sterling abroad and hope to find a better rate if i need to change any more money.:mad:

[slickmick]

At last Stanley, we agree on something.

 

With the global Market giving it's damning verdict of Browns management of the UK economy, and Sterling crashing against the Euro, i think the days of buying foreign players for clubs outside the top 6 of the premiership could be over for the time being.

 

This can only be a good thing IMO for the state of English football and the national side.

 

The downside will be that with no overseas market to buy from the Prem clubs will concentrate even more on plundering young players from the likes of Saints.

 

Looks like we have planned well ahead then. As a lot of clubs are years behind us in producing their own players.

 

But is that a downside?

 

If more money filters through the British leagues it's a good thing and how it should be IMO.

 

Visionary genuis that is Lowe to have been prepared for this.

[westofshannonsaint]

Precisely and going off on a tangent....... now 1.07 - £1.

 

going off on another tangent, to get the € symbol you press Ctrl, Alt & 4 (just trying to be helpful)

 

P.S. living in Ireland I like the € being strong against the £ - great for online shopping.

[Scummer]

going off on another tangent, to get the € symbol you press Ctrl, Alt & 4 (just trying to be helpful)

 

That is helpful, I didn't know that. Thanks.

[Fuengirola Saint]

With the global Market giving it's damning verdict of Browns management of the UK economy, and Sterling crashing against the Euro, i think the days of buying foreign players for clubs outside the top 6 of the premiership could be over for the time being.

 

This can only be a good thing IMO for the state of English football and the national side.

 

Sterling is falling against the Euro because of the unprecedented interest rate cuts[ When you cut interest rates your currencies value falls.]

[Window Cleaner]

I'll be taking Sterling abroad and hope to find a better rate if i need to change any more money.:mad:

 

 

You'd be as well to take bottle tops Stan old man, Sterling is a joke south of

Dover.Just shove your bank card in any old cash distributor, at least you get the day's bank to bank rate (plus a minimal charge)

[Window Cleaner]

Sterling is falling against the Euro because of the unprecedented interest rate cuts[ When you cut interest rates your currencies value falls.]

 

Nah it's not just that. The government are printing money at a rate that defies belief. The UK is bankrupt that's what it's about. Contrary to Stanley's opinion the IMF says the UK will be the hardest hit of all because of the astronomical debt of every Brit (whether they owe money or not, if they don't other owe their share)

As you all know I live in France, we owe nothing at all, even if we wanted to borrow mega millions it's just not possible. The law says your repayments must be limited to 30% of you net income, this can be stretched to 35 or 38% in special cases but they are special. If you earn 2000 euros a month net,your total repayments are limited to 600 euros. There's no way round it (in theory)

you have to hand over your last 3 pay slips when you apply.They check on your other debts as well.

France will not be hard hit, people will loose jobs yes, but there will be very few house repossesions because of the way unemployment insurance works (57% of your average salary for up to 5 years).

[bridge too far]

.....France will not be hard hit, people will loose jobs yes, but there will be very few house repossesions because of the way unemployment insurance works (57% of your average salary for up to 5 years).

 

Strange you should say that because as at 15 November this year in Britain, where a decade of almost uninterrupted growth has come to a grinding halt the $1.2 trillion debt is still less than half of GDP. The other three European members of the G8 are in even worse shape. They all owe more than half their GDP. Italy, with the lowest GDP of the three, has the highest debt according to the Guardian, at $2.19 trillion. Next is Germany with $2.07 trillion, followed by France at $1.63 trillion.

 

This information can be verified at:

http://en.rian.ru/business/20081115/118335408.html

[Mole]

Sterling is falling against the Euro because of the unprecedented interest rate cuts[ When you cut interest rates your currencies value falls.]

 

The Euro zone has 2.5% interest rates now following similar cuts on the continent. Yes the markets have reacted to the cuts in the UK, but the weakness in sterling is more about the weakness in the econony caused by 10 years of a Labour government and the prediction that we are the worst placed economy in the industrialised world to weather the storm.

[SaintDonkey]

Strange you should say that because as at 15 November this year in Britain, where a decade of almost uninterrupted growth has come to a grinding halt the $1.2 trillion debt is still less than half of GDP. The other three European members of the G8 are in even worse shape. They all owe more than half their GDP. Italy, with the lowest GDP of the three, has the highest debt according to the Guardian, at $2.19 trillion. Next is Germany with $2.07 trillion, followed by France at $1.63 trillion.

 

This information can be verified at:

http://en.rian.ru/business/20081115/118335408.html

 

 

Origin guardian story here http://www.guardian.co.uk/business/2008/nov/15/economics-globaleconomy

 

US national debt: 8.4 trillion I guess we can't look there for a saviour...

Edited 5 December, 2008 by SaintDonkey
typo

[Window Cleaner]

Strange you should say that because as at 15 November this year in Britain, where a decade of almost uninterrupted growth has come to a grinding halt the $1.2 trillion debt is still less than half of GDP. The other three European members of the G8 are in even worse shape. They all owe more than half their GDP. Italy, with the lowest GDP of the three, has the highest debt according to the Guardian, at $2.19 trillion. Next is Germany with $2.07 trillion, followed by France at $1.63 trillion.

 

This information can be verified at:

http://en.rian.ru/business/20081115/118335408.html

 

National debt is only a virtual reality in France.It's nothing to do with personal debt which is relatively low.

Everybody has what they need(not that they don't want more of course).

Health care is good and open to everybody (more or less)

there aren't queues for light years at hospitals,most people have somewhere to live (except those who are nutters and cant stand being within a million miles of anyone else).

The biggest problem in France today is immigration,the worse it gets the more money the government throws at it,which makes it worse because everybody wants to immigrate

[Mole]

Nah it's not just that. The government are printing money at a rate that defies belief. The UK is bankrupt that's what it's about. Contrary to Stanley's opinion the IMF says the UK will be the hardest hit of all because of the astronomical debt of every Brit (whether they owe money or not, if they don't other owe their share)

As you all know I live in France, we owe nothing at all, even if we wanted to borrow mega millions it's just not possible. The law says your repayments must be limited to 30% of you net income, this can be stretched to 35 or 38% in special cases but they are special. If you earn 2000 euros a month net,your total repayments are limited to 600 euros. There's no way round it (in theory)

you have to hand over your last 3 pay slips when you apply.They check on your other debts as well.

France will not be hard hit, people will loose jobs yes, but there will be very few house repossesions because of the way unemployment insurance works (57% of your average salary for up to 5 years).

 

I'm fully aware of the IMF's prediction (see previous post), but the weak pound does give British business a chance. The only problem is that Britain no longer has a strong manufacturing base (the backbone of an economy) so we could well be in the weeds...

 

The jury is still out IMO, but like in recent recessions the South East is going to suffer big time as this region is all about "the man without a job" i.e admin.

[bridge too far]

Origin guardian story here http://www.guardian.co.uk/business/2008/nov/15/economics-globaleconomy

 

US national debt: 8.4 trillion I guess we can't look there for a saviour...

 

That's interesting. The US national debt is a staggering 70% of its GDP. Makes our 'less than 50%' look quite benign really

[Window Cleaner]

I'm fully aware of the IMF's prediction (see previous post), but the weak pound does give British business a chance. The only problem is that Britain no longer has a strong manufacturing base (the backbone of an economy) so we could well be in the weeds...

 

The jury is still out IMO, but like in recent recessions the South East is going to suffer big time as this region is all about "the man without a job" i.e admin.

 

In fact Britain is a service industry nation.

No manufacturing, no agriculture,very few public servants who are unsackable come what may (compared to 5 million in France, plus hospital workers, old folks home workers, town council workers etc,all unsackable in theory,don't even contribute to unemployment system so great is their job security).

The unacceptable face of capitalism has been ripping the heart out of Britain these last 20 years, the Labour governmet let them do it. Banks lent money to anyone who asked nicely, to buy a cadrboard box for 200K+, then they lent them even more to go on holiday,have private health treatment and whatever.

Britain has been living above it's means for 2 decades, now you are going to pay for it.

When the banks don't lend against ever spiralling property values the economy is basically f*cked.

[Window Cleaner]

That's interesting. The US national debt is a staggering 70% of its GDP. Makes our 'less than 50%' look quite benign really

 

It's nothing to do with national debt BTF, the government can float as much money as it likes. When it gets out of hand the currency falls . As long as a country can pay it's overseas bills national debt is a virtual concept.

When personal debt gets out of hand (real people can't pay the real money that they owe), the system crashes, that's what's happening now.

[bridge too far]

It's nothing to do with national debt BTF, the government can float as much money as it likes. When it gets out of hand the currency falls . As long as a country can pay it's overseas bills national debt is a virtual concept.

When personal debt gets out of hand (real people can't pay the real money that they owe), the system crashes, that's what's happening now.

 

I think we're two prongs of a fork WC

 

But critics of the government bang on about our 'national debt' and I'm merely pointing out that we're not the worst offenders.

[Mole]

In fact Britain is a service industry nation.

No manufacturing, no agriculture,very few public servants who are unsackable come what may (compared to 5 million in France, plus hospital workers, old folks home workers, town council workers etc,all unsackable in theory,don't even contribute to unemployment system so great is their job security).

The unacceptable face of capitalism has been ripping the heart out of Britain these last 20 years, the Labour governmet let them do it. Banks lent money to anyone who asked nicely, to buy a cadrboard box for 200K+, then they lent them even more to go on holiday,have private health treatment and whatever.

Britain has been living above it's means for 2 decades, now you are going to pay for it.

When the banks don't lend against ever spiralling property values the economy is basically f*cked.

 

Can't disagree with any of that.

[Window Cleaner]

I think we're two prongs of a fork WC

 

But critics of the government bang on about our 'national debt' and I'm merely pointing out that we're not the worst offenders.

 

Anyway at the end of the day the US is getting what it is determined to have by hook or by crook ,cheap oil and a spanner in the works of all emerging economies. The crisis will eventually hit the Chinese, they are now getting used to relative luxury and won't like it up 'em. It may even cause vast civil unrest,

two birds with one stone, the "oil providers" and the Chinese getting their come uppance in one fell swoop,some might say it's all carefully engineered and the

governments are just playing along with their part of the script..

[Charlie Wayman]

The pound is not falling against all currencies, only the $ and the E pricipally but most cheap Prem players come from Africa and South America, continents in Freefall + economically. Don't expect much to change.

[Mole]

The pound is not falling against all currencies, only the $ and the E pricipally but most cheap Prem players come from Africa and South America, continents in Freefall + economically. Don't expect much to change.

 

Against most currencies it's falling. The Icelandic Krona is an exeception but Iceland is totally ****ed.

[mynameisthehulk]

Anyway at the end of the day the US is getting what it is determined to have by hook or by crook ,cheap oil and a spanner in the works of all emerging economies. The crisis will eventually hit the Chinese, they are now getting used to relative luxury and won't like it up 'em. It may even cause vast civil unrest,

two birds with one stone, the "oil providers" and the Chinese getting their come uppance in one fell swoop,some might say it's all carefully engineered and the

governments are just playing along with their part of the script..

 

 

http://www.davidicke.com/index.php/

[Andy Durman]

I think the weak pound is a good thing for us. Rasiak and Skacel have reduced in price by 30% to european clubs. Now we have to find Euro clubs that want to buy them

[Scudamore]

Surely all this is evened out by the fact that British players are way overvalued?

Edited 6 December, 2008 by Scudamore

[Fuengirola Saint]

The Euro zone has 2.5% interest rates now following similar cuts on the continent. Yes the markets have reacted to the cuts in the UK, but the weakness in sterling is more about the weakness in the econony caused by 10 years of a Labour government and the prediction that we are the worst placed economy in the industrialised world to weather the storm.

 

Have you been reading the Daily Mail my old Tory chum? Can you explain to me how it would have been better if we'd had 10 more years of Tory government?

[Window Cleaner]

http://www.davidicke.com/index.php/

 

Want to explain that to me in terms a mad scientist can understand?.

Rocket Science, that I understand (fortunately for some)

David Icke?... a little less.

[Mole]

Have you been reading the Daily Mail my old Tory chum? Can you explain to me how it would have been better if we'd had 10 more years of Tory government?

 

It wouldn't. The Tories and Labour are both as bad. As for the Daily Mail comment i find the paper dull. I'm more a Daily Star/The Times reader.

Edited 6 December, 2008 by Mole

[mynameisthehulk]

Want to explain that to me in terms a mad scientist can understand?.

Rocket Science, that I understand (fortunately for some)

David Icke?... a little less.

 

Have a look at the site then, I am sure all will become clear in referece to the original post I quoted.