Migration gone mad..

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

I meant sterling, not market.

If thats the best you can do to refute what I said you're losing badly, Mr 'I don't know what dumping investments means'
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

I've already refuted it, you've not had the chance to say anything differently.

It's not about losing, we're just forum users airing our opinions and nothing more than that. We won't change the world on BCF.

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

Quite frankly you have no understanding of money markets etc.

How can you state that the BoE buying back bonds cause interest rates to rise, and ignore the reeason why the BoE had to do it, i.e. billions of bonds being dumped on the market by spooked investors?

Equally, what makes you think that raising base rate 0.5% would cause a massive increase in fixed term deals, when the BoE had done the same before and after the massive jump with no apparent overreaction from the banks??
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

And the PM resigned aafter sacking her chancellor and fucking off his budget because the chaos it caused in the money markets, and not because of anything the BoE did.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

The budget which didn't come into effect?

Go on, tell us how.....

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

Look what happend to the value of sterlingaround thje time of the mini-budget.

https://tradingeconomics.com/united-kingdom/currency

And this is what is left of the mini-budget ideas.

https://www.theguardian.com/politics/2022/oct/14/kwasi-kwarteng-mini-budget-what-is-left
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

The BoE responded to investors dumping bonds and causing the devaluation of the pound. Investors dumped bonds because the lost confidence in the pound because of the mini-budget and what investors though it was likely to happen.

You must be a bit stupid to not understand this.

Sterling wasnt devalued by the BoE buying billions of pounds of bonds that were dumped on the market and wasn't devalued by the BoE increasing interest rates by 0.5%. Sterling actually recovered because of the actions of the BoE, and of course, the u-turn on the mini-budget.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

And that happened before the mini budget.....so go on, how did the black man and the woman do it with a budget which didn't come into effect?

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

Investors were spooked by firstly what they thought could be in the budget and then was in the budget.

This caused the value of the pound to fall dramatically.

Raising base rate by 0.5% doesn't cause the market for sterling to crap itself, it actually increases confidence in sterling as it's considered fiscally responsible.

Buy back bonds that have been dumped on the market doesn't devalue sterling, it does the exact opposite, and is a response to bonds being dumped onto the market.

What did the BoE do to cause sterling to devalue around the time of the mini budget because it was clearly neither of these things?
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

We've already done that bit.........so go on, how....

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

So how does raising the base rate by 0.5% cause sterling to collapse and why doesn't it happen every other time the BoE raises base rate?

How does the BoE buy a glut of bonds off the market that have been dumped there before they are dumped?
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

I already told you on the previous page.

So you're answering a question by asking me another.....so I guess you've ran out?

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

You keep just saying that the BoE raised rates before the mini-budget and this caused sterling to tank.

The bank of England has raised rates multiple times in the last few years. Why didn't Sterling tank every other time interest rates rose?

You then go on about buying back bonds but th BoE started doing that after Sterling started to tank.

Why did sterling recover after the mini-budget was largely reversed by Hunt?

You keep saying that the BoE caused all this but fail to explain exactly why raising base rate and buying back bonds cause investor confidence in Sterling to tank when the two are generally known to do the exact opposite.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

The mini budget wasn't reversed. You can't reverse something which didn't come into effect......

Tell us how you hate black people and women, without telling us how much you hate them in power, go on....

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

You're fucking deranged.

Reversed or didn't follow through with. Same effect, Chancellor sacked and PM eventually resigned.

This was not caused by the BoE but the markets losing confidence in their stewardship.
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

Left wing media like The Telegraph?

https://www.telegraph.co.uk/politics/2023/06/01/liz-truss-abandoned-plan-simon-case-led-civil-service/
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

Did you actually read that article?

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

You do realise that's another news papers version of events? As said earlier, the media went on a frenzy, much to the sigh of relief of the BoE. Go on, regurgitate more media frenzies.....

Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

SausageBhoy · Two Stroke Sniffer Joined: 18 Aug 2015 Karma :

That's what a journalist reports, did you not look into it deeper than what a journo said? I'm going to guess no.