7/18/2010 Mickey's Baltic Ballyhoo!!

[RJAYL]

Sure your not

Im the one drinkin the cool aid

 

[Disneynutinlondon]

Why not???

Way to go Harole Ann

 

[Disneynutinlondon]

Come on people go for it '*** I 'aint

Ok people someone tell me why c o s was bleeped out ??

 

[jilljill]

Do you think we can pack Kool Aid for the trip? The airlines will think we are smuggling something special!

Believe me we can pack kool-aid. We can just tell them we have to take it to Izzi and they will let us thru in a jiffy. Believe me, if the airlines didn't open my suitcase for a 4 pound container of jelly beans this past summer and several packs of pencils, the kool-aid will be fine.

 

[Disneynutinlondon]

I give up....what's Nov. 5th?

Bonfire night....gun powder, treason and plot and all that

 

[Pixie Dust II]

Yea! It's my first one this time! Garry will be so proud of me! ! He actually thinks I am ironing! At least I have dinner in the oven! That is a first for me at this time of the day!

 

[jilljill]

Bonfire night....gun powder, treason and plot and all that

Sounds like a party to me.

 

[RJAYL]

Bonfire night....gun powder, treason and plot and all that

EW EW I saw that movie OWWWWW

Cant remeber the name! Guy Fawkes Day

 

[jilljill]

Best get dinner going.
later

 

[Pixie Dust II]

Believe me we can pack kool-aid. We can just tell them we have to take it to Izzi and they will let us thru in a jiffy. Believe me, if the airlines didn't open my suitcase for a 4 pound container of jelly beans this past summer and several packs of pencils, the kool-aid will be fine.

My friend had laundry detergent in zip lock bags and I thought sure she would get stopped, but she went right on through. Of course I went through customs last year with an open water bottle in my jacket pocket and completely forgot I had it. Went through the airport checker too!

 

[Disneynutinlondon]

Sounds like a party to me.

November 5th 1605 when Guy Fawks attempted to blow up Parliment during the state opening....we celebrate the fact that he was unsuccessful by having large bonfire upon which we burn effegies of said Mr fawks and set off fireworks...............

...............the problem is the shops start selling them way too early and kids start buying them and letting them off

 

[Pixie Dust II]

Just like July 4th here. Firecrackers and fireworks go off for weeks ahead and our poor dog is most unhappy. At least this year she would go outside after dark when she heard the noise. Last year at the first boom she was back inside....I was sure she would be the next explosion!

 

[Disneynutinlondon]

Just like July 4th here. Firecrackers and fireworks go off for weeks ahead and our poor dog is most unhappy. At least this year she would go outside after dark when she heard the noise. Last year at the first boom she was back inside....I was sure she would be the next explosion!

Firecrackers yes got some of them going off now

 

[Pixie Dust II]

Do you have a dog?

 

[Disneynutinlondon]

Hey Harole Ann isn't amazing how everyone just disappears after the been had...........talk about pirate grabbers

 

[Pixie Dust II]

Yes, it gets real quiet, doesn't it??

 

[Disneynutinlondon]

Do you have a dog?

Thank gd no otherwise I think it would be a nervous wreck right now

 

[Disneynutinlondon]

How's your ironing coming along ?????

 

[danfromca]

WARNING ECONOMICS ALERT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

With the £ fall some of it was expected, for example an exchange rate of $2 to the £1 was unsustainable and the £ needed to fall, our exports were too expensive.

We had high interest rates which will fall soon, and that caused the rate to fall in anticipation of that, and we will have high national debt now due to the bank bail out that will need finance.

So there are reasons for it to fall, thats why I prepaid my 2009 cruise for August next year and paid it in full,

But like Banks have had a run on them, the reduction in our exchange rate became a run on the currency caused more by sentiment and talking down by our bank of England governor, and as it goes down more people want to protect their positions and it falls and falls in ever decreasing circles.

So it needed to fall, but now its falling more for 'no reason'

Therefore I am not too worried, at some point the bear market will have to move to a bull market and it will recover to sensible level, not $2 again for a long time, but back to a realistic level.

We need an interest rate cut here say 0.5% as soon as possible, to stabilize, it should be a week on Thursday, I think they should do that now. To stabilize.

Now the interesting thing as you say is why go into the $, its considered a safe haven, but pardon me for saying this, its not safe, I think there might be a honeymoon period up to and just after your presidential election, then who knows.

The UK, has done all of its 'dirty washing' very much in public, and we talk ourselves down, I feel USA hasn't done this so much so there is more 'frights' to come, maybe more in your Housing market.

Other countries also haven't come clean so our issues are in the open market, not everyone else's is.

If I was DCL I would be buying Euros forward at the moment to get the best deals for there new ships.

One bit of good news not reported, it actually fell during the day 5 cents but actually had a little bounce back and ended up far less of a fall, 'might' have reached rock bottom , but soon somewhere someone will release it is far too undervaluded now and it will go back up. It might fall a little more bfore then but I would say long term its now too low.

Just think with a very low £ and low share prices, some global investors will be eyeing up our big companies to purchase them, from Football clubs to even Disney purchasing ITV.


I think the markets have forgotten that the USA has also a very big national debt now and the USA bail out will have to be paid for as well.

Money as you say will have to find a safe haven, and its gone into the $ for now, but I personally think that is a 'honeymoon' period as you say other currencies around the world maybe safer. In the USA you are in this 'no-mans land' where your old president is in his final few months and we do not know who you will vote in as yet, and what their actual economic policies in full will be until they commence office.

When that is clear the markets could react, IE The morning after the night before and you realize what state you are actually in.

The high $ isn't that good for the USA, it will make imports cheaper such as fuel but and a big but, your exporters are going to get hit very hard, and maybe we will see some global co ordinated interest rate cuts to stop the exchange rate fluctuations and panic.

If there are more surprises yet to come, they'll likely still be in the financial sector (derivatives? credit-default swaps? Insurance?) rather than housing.
Curiously enough, I'm not really all that worried about housing. The drop in values so far has really not been all that unusual (at least not here in California, where housing prices look have looked like a rising sawtooth wave for decades). Long term trends for the country are for a recovery - the U.S. has positive population growth (slightly above ZPG natural + immigration) which means demand will ultimately eat up the excess supply.

I think you nailed it that the real surprise is that the market isn't factoring in the deficit/national debt. It just doesn't make sense for the dollar to be this strong. The real question though is where to go with that? If not the dollar what - Euros? Pounds? Gold?

 

[Pixie Dust II]

I am sure you are right. Helen and I used to talk about how the dogs were when the firecrackers were going off and she has big dogs and my little girl is only seven pounds. Now that she is two she is getting to be brave about those noises.