Prices rise in UK :-( - Page 1
Forum section: electronics / general

author: willd1971
author_rank: Regular Contributor
timestamp: October 11, 2016, 07:06:56 am
content: Hi Everyone,This is William from Labtronix in the UK. It's a bad week, I've had to raise prices pretty much across the store, I held off for as long as possible but the cost of importing into the UK has risen by over 20% since the start of the year. Labtronix is absorbing some of that rise in costs but it's not possible to hide it all from end customers.However, 'while stocks last' (literally meaning pre-Brexit stock) I'll support you guys here on the forum. If you contact me by email (enquire@labtronix.co.uk) or phone with enquiries for test equipment I will continue to offer the pre-Brexit prices for as long as I can - don't order directly through the website, unless you want to pay new prices.I hope this helps UK members and is also open to wider EU customersAll the bestWilliam

author: StuUK
author_rank: Frequent Contributor
timestamp: October 11, 2016, 07:14:56 am
content: I've noticed a considerable increase in prices across all sorts of electronics, even the one hung low stuff...

author: stj
author_rank: Super Contributor
timestamp: October 11, 2016, 07:26:36 am
content: it's not so much an increase in prices,it's a drop in the value of the £ because of banker games.just yesterday the bastards caused a 10% drop overnight with high-frequency frontrunning (aka automated trading).it's time it was stopped.bail-outs?? i wouldnt even give them bail!!

author: tautech
author_rank: Super Contributor
timestamp: October 11, 2016, 07:29:18 am
content: Quote from: StuUK on October 11, 2016, 07:14:56 amNot here, shipping costs are static, currency rates reasonably steady, import costs fixed and if anything we're even able to trim margins some.

author: Marco
author_rank: Super Contributor
timestamp: October 11, 2016, 02:36:56 pm
content: Quote from: stj on October 11, 2016, 07:26:36 amCurrency exchange rates have all been voodoo and gambling since Bretton Woods went away. If countries can run a trade deficit or surplus for half a century, what does the exchange rate even mean any more? The real economy has been buried in paper.

author: tszaboo
author_rank: Super Contributor
timestamp: October 11, 2016, 02:48:17 pm
content: Quote from: stj on October 11, 2016, 07:26:36 amHopefully, I dont forget to buy stuff from Amazon UK, before stores adjust their price.

author: zapta
author_rank: Super Contributor
timestamp: October 11, 2016, 03:05:05 pm
content: Quote from: stj on October 11, 2016, 07:26:36 amThat's good news for UK exporters.

author: RGB255_0_0
author_rank: Frequent Contributor
timestamp: October 11, 2016, 03:24:57 pm
content: Quote from: zapta on October 11, 2016, 03:05:05 pmGood news for the FTSE 100 since a large portion are denominated in USD. Good news for the few manufacturers/exporters we have (left). Bad news for the general public once the costs are passed on.It's a shame you can't impose the price rises onto those that voted out since this is what they wanted; instead everyone gets screwed

author: zapta
author_rank: Super Contributor
timestamp: October 11, 2016, 03:51:18 pm
content: Quote from: RGB255_0_0 on October 11, 2016, 03:24:57 pmFreedom is not free.

author: coppice
author_rank: Super Contributor
timestamp: October 11, 2016, 04:38:24 pm
content: Quote from: zapta on October 11, 2016, 03:05:05 pmIn a country that needs to import most of its raw materials that good news is very short term.

author: Kuro
author_rank: Regular Contributor
timestamp: October 11, 2016, 07:44:02 pm
content: Prices aren't rising in UK alone. I keep a number of articles in my wishlists at various online stores and regularly check these, just to keep an eye on what's happening in availability and prices. Mostly electronics and computer stuff, some others.Right now, just about everything is rising all over Europe. Some things are in short supply as well, like harddisks. RAM memory is rising fast.Two factors might have an impact: shipping of containers is more expensive, with the bankruptcy of Hanjin shipping. And traditionally, I have noticed prices are usually going up this time of year, so they can "drop" prices, giving "deals" for the holiday season later on.

author: RGB255_0_0
author_rank: Frequent Contributor
timestamp: October 11, 2016, 08:18:28 pm
content: Hard drives and RAM always fluctuate. Hard drive manufacturers have consolidated so less competition is around and SSD manufacturers are taking their share also. Having said that, you can look at factual data on sites such as camelcamelcamel for Amazon pricing and a 500GB 2.5" Caviar Blue is cheaper than 18 months ago but pricing is volatile (Black Friday; "Today's" deals etc).http://uk.camelcamelcamel.com/Blue-500GB-Laptop-Hard-Drive/product/B00D81743YRAM is harder to gauge like-for-like because DDR4 is gradually ramping up production; cyclical weather and demand; and prices go up and down all the time. Again, my random (not really, >1000 reviews) selection shows it's still cheaper than 1 year agohttp://uk.camelcamelcamel.com/Corsair-CMZ8GX3M2A1600C9-Vengeance-Performance-Desktop/product/B004CRSM4IPeople's memories are selective and often short term. To make a statement certain products are "more expensive" is relative. Also prices of some products can go up because of a large customer order etc which doesn't necessarily mean that a trend is forming.

author: Towger
author_rank: Super Contributor
timestamp: October 12, 2016, 07:33:47 am
content: Quote from: vodka on October 12, 2016, 06:04:19 amAlready starting. Nissan were in Cork (denied) scoping out sites to relocate their Sunderland factory to. In reality, if they were to move I would expect it to be an eastern Europe country. Ireland is high cost and it has been a long time since Ford closed their Cork factory, so the skill base has been largely lost.http://www.eveningecho.ie/cork-news/nissan-reject-interest-carrigtwohills-amgen-site/2542272/The Irish passport office has been inundated with applications for passports from UK, under the 'Irish Granny' rule. They are currently opening a new office in London to handle these.http://www.independent.co.uk/news/uk/politics/brexit-ireland-irish-passport-britons-urged-to-stop-applying-after-eu-referendum-vote-a7107016.htmlhttp://www.irishtimes.com/opinion/do-we-really-want-to-give-irish-passports-to-all-these-brits-1.2736386Irish job websites have seen a large rise in hits from the UK. They are not too clear what is driving it at this stage.http://www.independent.ie/business/brexit/20-rise-in-ukbased-workers-looking-for-jobs-in-ireland-since-brexit-vote-35116712.htmlEdited to add links.

author: stj
author_rank: Super Contributor
timestamp: October 12, 2016, 07:56:16 am
content: Quote from: Towger on October 12, 2016, 07:33:47 amyou say that, but a lot of country's compete for industry with grants and tax exemptions etc.completely stupid of course - no point having a huge company full of robots and immigrants that pays no taxes and got the land for free and an interest-free loan to build the plant!!

author: Towger
author_rank: Super Contributor
timestamp: October 12, 2016, 08:15:57 am
content: Quote from: stj on October 12, 2016, 07:56:16 amTrue, Look at Apple Computers in Cork. The Irish government was more than happy to pay all their capital expenses and charge the company no tax, once they provide employment and the workers pay their taxes. Apple has now started to pay Ireland's low Corporation Tax and Irish GDP is up 26% in a year!http://www.irishtimes.com/business/economy/leprechaun-economics-eu-mission-to-audit-26-gdp-rise-1.2761097I still think Eastern Europe is more lightly. DELL rebuilt (supposedly a mirror image) their Limerick factory in Poland and moved all production over to it. They offered jobs in the new factory to all existing workers, which suited many as they were Polish.

author: stj
author_rank: Super Contributor
timestamp: October 12, 2016, 08:30:49 am
content: maybe.the expert at exploiting subsidy's and tax breaks is Tesla.if you read that they are opening anything, anywhere - you know that country or state is about to spend a lot of money!!

author: wraper
author_rank: Unknown
timestamp: October 12, 2016, 09:20:54 am
content: Quote from: stj on October 12, 2016, 08:30:49 amGiving tax breaks is not the same as spending taxpayer money. Actually not spending anything, only receiving.

author: Simon
author_rank: Unknown
timestamp: October 12, 2016, 11:38:35 am
content: Please can we leave the religion and other considerations of immigrants out of this. The topic is about prices, not about integration or not of certain immigrants.The currency markets as far as I'm concerned are bollocks, it only takes someone to "say something" and the pound goes up or down. for exporting it's good but sadly we don't make an awful lot to export.

author: Simon
author_rank: Unknown
timestamp: October 12, 2016, 11:41:28 am
content: Its funny how tata could not wait to dump steel manufacturing until we voted to leave the eu, they then suddenly changed their minds. Maybe my scrap will be worth something again soon.

author: coppice
author_rank: Super Contributor
timestamp: October 12, 2016, 11:53:02 am
content: Quote from: Simon on October 12, 2016, 11:38:35 amThe UK may not export as much as it used, but it imports a huge amount. As stocks of foreign goods and materials get replenished the new stuff is 20% more expensive. That's happening in the run up to Christmas. I expect the UK public will be delighted.

author: Simon
author_rank: Unknown
timestamp: October 12, 2016, 05:22:46 pm
content: any further mention of the word immigrants or similar words or any aluring to immigration will earn the mentioner a ban of at least one week. The discussion is about exchange rates and their effect it has nothing to do with immigration and this is not going to become a flame war about immigration or we can just lock the thread if people can't behave like adults. This said in the context of the last post being removed as despite my earlier warning it took the subject back to immigration. Final warning people!

author: Simon
author_rank: Unknown
timestamp: October 12, 2016, 06:11:54 pm
content: It's not a case of the discussion going off track, all discussions end up veering slightly from the original topic but it seems fairly clear that a discussion about immigration and its effects is only going to start a row like the many rows we have had already and have necessitated closing threads. I have no objection to the thread "derailing" in the direction of exchange rates and how they work as it could be an interesting topic of discussion and is fundamentally what caused the original post but a discussion about immigration has no bearing on the original post which cited fluctuations in exchange rates and will lead us to nothing but frustration. My role here is to try and keep the peace. As has been proven time and again discussions that veer towards political or religious matters soon become a great big mud slinging match that has no place on the forum.

author: nctnico
author_rank: Super Contributor
timestamp: October 12, 2016, 07:42:59 pm
content: If you look at the longer term exchange rates (say 10 years) then you'll notice the current pound/euro exchange rate is around the level it has been for a long time between 2008 and 2014 so there is nothing new really. Sure businesses will have to change their prices based on rising or falling exchange rates but hasn't that been the case with constantly changing petrol/diesel prices? Who is surprised by that?

author: RGB255_0_0
author_rank: Frequent Contributor
timestamp: October 12, 2016, 08:41:17 pm
content: Quote from: nctnico on October 12, 2016, 07:42:59 pmWell war has already begun with regards to food prices. Tesco and Unilever are at war and Sainsbury's warning that they can't not pass on price rises.

author: vodka
author_rank: Frequent Contributor
timestamp: October 12, 2016, 09:05:41 pm
content: Quote from: nctnico on October 12, 2016, 07:42:59 pmI think that this sitution isn't comparable to the Lehman Brothers bankrupt. Because at first situation the fallen the pound by blast bubble , while the last was caused by a DICKHEAD what he wanted the morest democrat of the world. Adding that the new Uk goverment are more lost than an octopus on a garage and they haven't a really map for going out the CEE .As i said at last post , the down pound is a punisher by the continuos delay for signing the article 53 .So ,the worldlord feel lied by the actual UK goverment.

author: EEVblog
author_rank: Unknown
timestamp: October 12, 2016, 09:12:48 pm
content: Anyone got a feel for what would happen if Deutsche bank goes under?P.S I cleaned up this thread.

author: nctnico
author_rank: Super Contributor
timestamp: October 12, 2016, 09:25:42 pm
content: Quote from: EEVblog on October 12, 2016, 09:12:48 pmDo you really think the German government would let that happen? I don't think so and I even doubt DB is really in trouble. Besides that I have a strong feeling deals are being struck at a political level behind closed doors when it comes to the penalties DB has to pay to the US government. The problem the Germans and other EU countries have with the penalties is that EU citizens and companies ultimately will to have to pay the penalties which isn't justifyable in any way.

author: nctnico
author_rank: Super Contributor
timestamp: October 12, 2016, 09:28:59 pm
content: Quote from: RGB255_0_0 on October 12, 2016, 08:41:17 pmSeems to me the supermarkets have found an excellent moment to weed out the weaker competition. We had a supermarket price war a couple of years ago which lead to a consolidation in the supermarket landscape. Several brands / chains dissapeared in the process.

author: stj
author_rank: Super Contributor
timestamp: October 12, 2016, 10:05:10 pm
content: Quote from: EEVblog on October 12, 2016, 09:12:48 pma lot of people will get very drunk - inc me!a lot of "average" people are just waiting for the first domino to go, we are sick of these criminals.

author: nctnico
author_rank: Super Contributor
timestamp: October 12, 2016, 10:35:59 pm
content: Quote from: stj on October 12, 2016, 10:05:10 pmI hope you didn't vote for Brexit because that also means the strict rules for banks in the EU likely won't apply to banks in the UK. We shouldn't talk about letting the crooks into the UK anymore but I suppose you catch my driftEither way it doesn't help to penalize big companies because in the end the customers pay with a markup because there has to be profit one way or another. At some point there have to be ways to prosecute individuals who cross the line. In the NL bankers are required by law to swear an oath and can get blacklisted if they misbehave:https://www.bloomberg.com/view/articles/2015-04-01/dutch-bankers-start-taking-an-oath-to-behave-betterNo, it is not an April's fools joke even though the article was prublished on the first of April.

author: stj
author_rank: Super Contributor
timestamp: October 13, 2016, 01:34:15 am
content: the "city of london" is exempt from standard u.k. law and has it's own police.similar in some ways to the vatican.

author: Marco
author_rank: Super Contributor
timestamp: October 13, 2016, 02:39:04 am
content: Quote from: EEVblog on October 12, 2016, 09:12:48 pmLehman x10, except not because of what the talking heads usually say (ie. banks becoming scared to loan money) but because of trade imbalances. Just like the mortgage crisis caused a hickup in the trade "balances" worldwide, by making them more balanced, this will do the same. Because every part of the global economy is currently based on massive trade imbalances, that hurts.It takes ever increasing leverage to keep trade imbalances going, especially in Europe because we are trying to pretend printing our way out of trouble is never justified. Deutsche bank provided a lot of it.

author: grouchobyte
author_rank: Regular Contributor
timestamp: October 13, 2016, 03:27:54 am
content: Quote from: EEVblog on October 12, 2016, 09:12:48 pmThe Deutsche Bank?Ya right...what about this little economy?

author: vodka
author_rank: Frequent Contributor
timestamp: October 13, 2016, 06:02:30 am
content: Quote from: EEVblog on October 12, 2016, 09:12:48 pmSimply a CORRALITO , the german goverment will impose a money restriction for extracting money of the Deutsche bank .The question is if this measure could be contagious at other german banks or "Save Box" that have economic problems besides too could be that germans had feared and they will begin to extract the money from the german banks then the german goverment could be impose a general CORRALITO.Example CORRALITOS:General: Argentina (2001-2002),Xipre (2014-2015), Andorra (2015) ,Greece (2015).Partial: Spain for a andorrian bank during the Andorra corralito(2015).Quote from: nctnico on October 12, 2016, 09:25:42 pmSimply the Merkel go her life ,we don't want to see her run away on hellcopter as the argentian president De La Rua.The question is the german goverment can mantain this situation during more time . Because they already injected money , and manipulated the Stress test of BCE for trying to get better but the snow ball follows to grow.On resume , Deutsche bank is as the Bismarck battleship , full the holes and without course, later or soon it will sink.https://www.ft.com/content/44768ea8-8c71-11e6-8aa5-f79f5696c731

author: stj
author_rank: Super Contributor
timestamp: October 13, 2016, 06:30:45 am
content: it's not that simple,the banks are all on the hook for hundreds of billions of fake Pounds/Euro's/Dollars of worthless pieces of paper.so-called "colateralised debt obligations" for example.what are these? they are esentially "markers" like the mafia used to trade.imagine someone owes me 5000, i write "5000" on a bit of toilet paper, and lease it to you for 4 years at 5000 with the promise of interest when you redeem it after 4 years.great, but if the original "someone" goes broke, your not getting your money back, or the interest - your left holding a bit of tissue!!to make it more fun, you need to understand "rehypothecation".this is where based on the same principle as "fractional reserve" i actually lease 10 or 50 pieces of toilet paper to seperate customers backed by the same single debt.YES, it's called fraud - but they do it every day.you cant bail the bitches out this time, because the debt is greater than the entire planets money supply!!!

author: Simon
author_rank: Unknown
timestamp: October 13, 2016, 06:37:23 am
content: Indeed all the dithering is causing more problems than the fact of leaving. If we just announced plans and left the world would know the score but fact is months later no one has a plan which is what I said all along. Despite voting to leave I was not happy about the lack of a plan. The plan and the negotiating should have been done first.Many companies deal in foreign currency anyway and many won't be affected, it is those that deal with the public that will be most affected because the public deal in GBP but large companies can deal is USD or EU. The company I work for deals in all 3 and they import from china in USD, so are hoping to make more sales of other products in USD so that there is a USD cash flow without touching the pound.

author: Towger
author_rank: Super Contributor
timestamp: October 13, 2016, 08:32:25 am
content: Back on Topic...I see Unilever are looking for a 10% rise in the price off all their products, even those made in the UK. Tesco's answered no, so delivers have been halted, resulting in Tesco removing the products from their website. Unilever would appear to be the long term looses here, their warehouses will just backup and P45s issued. While Tesco just fill up empty self space with their competitors product. I am sure we can ship you some Barrys Tea to replace your supply of PG Tips.http://www.rte.ie/news/2016/1012/823607-tesco-brexit/

author: Gyro
author_rank: Super Contributor
timestamp: October 13, 2016, 09:40:52 am
content: Shock, Horror. It's Marmite and Pot Noodle too:http://www.bbc.co.uk/news/business-37639518Oh the humanity!

author: tggzzz
author_rank: Super Contributor
timestamp: October 13, 2016, 10:02:14 am
content: The end results will be:Tesco and Unilever both claim they are victimsTesco and Unilever both claim they are winners, becauseprices will stay the same, but portion sizes will be reducedthe NHS will be a long-term winner, due to reduced obesityrabid brexiteers will claim it is all a conspiracy to stop us abandoning the EU, and that it will all be alright if we think positively

author: coppice
author_rank: Super Contributor
timestamp: October 13, 2016, 10:14:18 am
content: Quote from: Simon on October 13, 2016, 06:37:23 amSo, you are unhappy there is no plan for leaving. This is very understandable, considering the referendum was not a snap event. There was plenty of time to formulate one or more plans, and suggest these to the public. However, it looks like the leave side never expected to win, since they do not appear to have drawn up any plans. I saw no evidence that any meaningful outline plans were even suggested to the public in the run up to the vote. Now you want this non-existent plan to be announced? Really?

author: coppice
author_rank: Super Contributor
timestamp: October 13, 2016, 10:15:21 am
content: Quote from: Gyro on October 13, 2016, 09:40:52 amIt will be the rhubarb war with China all over again.

author: RGB255_0_0
author_rank: Frequent Contributor
timestamp: October 13, 2016, 11:10:45 am
content: Quote from: coppice on October 13, 2016, 10:14:18 amThis is why Cameron upped sticks and left straight after the vote. He's left a divisive country behind him due to his need to get a second term by coercing the Eurosceptic right with the referendum lure.It backfired on him and the new Chancellor of the Exchequer is undoing 5 years of austerity to stave off depression.We think things are bad now? It's going to get worse the day May triggers Article 50.I don't think Brexiters should be angry at there being no plan before the vote because they shouldn't have been so naive to think Cameron would have stayed PM.The Leave and Brexit campaigns should have had a plan and people should have been questioning it - again Borris and Farage both resigned straight after and renounced and debunked promises made such as the £350m as the cowards they are. Instead of the situation now, those two particularly should be the ones to finish the work they started and not leave it to May and her cabinet to perform the dirty work.As for Deutsche Bank? They'll be fine.

author: nctnico
author_rank: Super Contributor
timestamp: October 13, 2016, 11:16:25 am
content: Quote from: Towger on October 13, 2016, 08:32:25 amThat happens over here a couple of times per year. Don't lose any sleep over it because it is just a supplier and customer playing hard ball. Unilever knows Tesco (or any other supermarket) needs the products because the people expect to find them at Tesco. Tesco OTOH wants to be the cheapest of all supermarkets so wants to get the lowest possible prices. It is an ongoing game.

author: Simon
author_rank: Unknown
timestamp: October 13, 2016, 11:49:50 am
content: the exchange rate is based on confidence - so what is it that the UK can't do that makes it less of a nation outside of the EU. I fear the mudslinging will go on for ever more and the consumer will be punished.

author: StuUK
author_rank: Frequent Contributor
timestamp: October 13, 2016, 11:57:13 am
content: Quote from: nctnico on October 13, 2016, 11:16:25 amExactly that. As usual it's just the media picking up on any story to prove that we're in trouble post Brexit, but like all these things including the markets it can become a self fulfilling prophecy

author: tggzzz
author_rank: Super Contributor
timestamp: October 13, 2016, 12:35:43 pm
content: Quote from: Simon on October 13, 2016, 11:49:50 amThe elephant in the room is the trade deficit, and its integral, the national debt. There has been a deficit since (ISTR) Thatcher, and I really don't know why foreigners have continued to lend us money for so long. I suspect the reason is threefold: they've been buying up out assets, they think there are future profits to be made, and our economic situation has been more stable than theirs.Now our economic situationisunknown, full stop. Brexit caused that, completely predictably.Would you pump money into a small enterprise that had been losing money for decades and where future profits are uncertain? I wouldn't; I'd call it "money for old rope". Similarly I wouldn't pump money into a small isolated country with an uncertain future. Would you?A falling pound reduces the value of purchased assets, but makes them easier to purchase. I wonder which driving force will win out.The people that made unjustified claims (and worse told lies) about how wonderful it would be if we brexited should be dealt with in the manner traditional in the British Empire: they should be given a bottle of whisky and a revolver with one bullet, and left alone in a room.

author: jonovid
author_rank: Super Contributor
timestamp: October 13, 2016, 01:14:57 pm
content: Quoteits a long story but if I keep it short . in 2008 we had the GFC global financial crisis , they the zionist /masonic banking cartels, kicked the financial debt Can down the road. so today the problem is X10 in size. is A crisis coming?.CAN NOT SAY ANY MORE ABOUT THEM GLOBAL BANKERS!flame war Warning.

author: CJay
author_rank: Super Contributor
timestamp: October 13, 2016, 03:34:26 pm
content: Quote from: Towger on October 13, 2016, 08:32:25 amI'd be very happy with regular deliveries of Barry tea.

author: stj
author_rank: Super Contributor
timestamp: October 13, 2016, 03:55:40 pm
content: the u.k. trade deficit is a joke because of government policy.in the 1980's the government DECIDED that britain would be a "service industry" rather than a "manufacturing industry"by "service" they meant banking and the manufacture of debt as a tradeable commodity.

author: Zbig
author_rank: Frequent Contributor
timestamp: October 13, 2016, 03:59:24 pm
content: I recently purchased an Array DC load from Labtronix and I'm happy with the service.Thank you, William!

author: nctnico
author_rank: Super Contributor
timestamp: October 13, 2016, 04:37:25 pm
content: Quote from: stj on October 13, 2016, 03:55:40 pmAnd that was and still is a good move because manufacturing in West Europe became way too expensive. Government subsidized manufacturing just doesn't work.

author: Marco
author_rank: Super Contributor
timestamp: October 13, 2016, 04:49:43 pm
content: Quote from: vodka on October 13, 2016, 06:02:30 amIt's not the same as Argentine, or Cyprus or Greece or Andorra. Germany can quite easily pay the deposit guarantees.QuoteAnd put it where? No other Euro country is more likely to do a full bailout at this point.International finance with full faith and credit of governments HAS to disappear, risk has to return where it belongs, it's an unsustainable moral hazard. Of course it's propping up some other unsustainables, like trade and current account imbalances, so the transition will hurt. The pretense that trade and current account balances don't matter is the second most destructive fantasy in international policy, after cornucopianism.

author: Towger
author_rank: Super Contributor
timestamp: October 13, 2016, 04:54:01 pm
content: Quote from: CJay on October 13, 2016, 03:34:26 pmI brought a couple of boxes to Australia a couple of weeks ago. Worried about the blue gloves comming out in customs.It has come out that Unilever tried the same trick in Ireland this week.Musgraves said told them no and asked why they are not getting a 10% discount. Net result they are not getting being supplied anymore stock.Dunnes told them no as well, but are still being stocked. Dunnes is interesting as Margaret is a battle ax and basically singlehandly runs the company. Anoy her too much and she may well never stock their products anymore.

author: coppice
author_rank: Super Contributor
timestamp: October 13, 2016, 05:12:54 pm
content: Quote from: nctnico on October 13, 2016, 04:37:25 pmGermany has the highest labour costs in Europe, and yet manufactures a huge range of things on shore. It even exports large amounts of simple manufactured products to China.

author: vodka
author_rank: Frequent Contributor
timestamp: October 13, 2016, 05:34:22 pm
content: Quote from: jonovid on October 13, 2016, 01:14:57 pmSorry ,but we already are in a kind the World War, only needless to see what are happening on the Syrian Civil War where the USA are versus the Russian, where the Saudis(Sunnies) are versus Iran (Chiis),etc.The last preceding was the Spanish Civil War that was an attempted of the Stalin for doing the Spain a Soviet Satellite and for taking the strategic control from the Atlantic ,Mediterranean and Africa.But as all known the policy of the Nazism and the fascism involved on the conflict ,giving directly and indirectly supported to the Spanish Nationals Rebels.Months after to end the Spansih Civil War began the WWII.Quote from: Marco on October 13, 2016, 04:49:43 pmThis afirmation isn't true. The deposit guarantees from BCE only cover the first 100,000 € by deposit and title. The shares of stock, treasure bonds and other financial products aren't covered.Example :The pensioner german have a account on the Deutche Bank with 300,000 € and the bank goes to bankrupt . The pensioner german only will recieve 100,000 € and he will loose 200.000€ .

author: vodka
author_rank: Frequent Contributor
timestamp: October 13, 2016, 06:47:59 pm
content: Quote from: coppice on October 13, 2016, 05:12:54 pmThis isn't true , Denmark is what have the highest labour cost.http://ec.europa.eu/eurostat/statistics-explained/index.php/Wages_and_labour_costs/esBut the germans don't tell that they dominated the market simply because they have eliminated the competitors. I explain ,every country that want to join CEE , every solicitant country must sign a secret accord for getting in the CEE exchange they will recieve european subsidies. On Spain , we had to destroy all the naval and steel factories (First on the world for building ships) to change the agricultural subsidies.I don't strange that they did the same thing to british with the steel factories.And if you read the Tony Blair's memories will find the anecdote of the" little insufferable man" and as this man riled to Helmut Kohl when he always said him "NO"Anecdote of the little unsufferable manQuote

author: nctnico
author_rank: Super Contributor
timestamp: October 13, 2016, 08:06:00 pm
content: Quote from: vodka on October 13, 2016, 05:34:22 pmTrue but it is well known you shouldn't save more than 100,000 € at one bank. Besides that leaving such amounts in a bank account isn't wise because the low interest rates and inflation will make the amount of money shrink instead. You have to invest it somehow.

author: Marco
author_rank: Super Contributor
timestamp: October 13, 2016, 08:13:54 pm
content: Quote from: vodka on October 13, 2016, 05:34:22 pmYes, and? My point is Germany can quite easily afford this (assuming Deutsche Bank doesn't have sufficient funds to do it itself, which it almost certainly does). In Argentine, Cyprus and Greece there was a situation where government was not able to cover even the depositor guarantees (Cyprus needed to be bailed out by the rest of the Eurozone, despite the bail in).The governments were bankrupt at the same time as the banks.

author: Howardlong
author_rank: Super Contributor
timestamp: October 13, 2016, 08:31:30 pm
content: Quote from: nctnico on October 13, 2016, 08:06:00 pm...or £75,000 in the UK, which was reduced from £85,000 a few months ago because.... of the strong pound.

author: TAMHAN
author_rank: Frequent Contributor
timestamp: October 14, 2016, 08:27:17 am
content: Hello,you guys do know that there is an alternative to Fiat Money, no?Just checking...

author: stj
author_rank: Super Contributor
timestamp: October 14, 2016, 09:31:07 am
content: Quote from: TAMHAN on October 14, 2016, 08:27:17 amsilver, gold etc.but you need to be carefull, there are fake 10oz silver bars about, and i would never trust gold unless i was going to cut it in half.

author: zapta
author_rank: Super Contributor
timestamp: October 14, 2016, 09:53:49 am
content: Quote from: TAMHAN on October 14, 2016, 08:27:17 amCollecting DMMs, right?

author: TAMHAN
author_rank: Frequent Contributor
timestamp: October 14, 2016, 03:01:17 pm
content: Quote from: stj on October 14, 2016, 09:31:07 amDepends on the buyer. If you buy from a reputable dealer, you should have no such issues.

author: Kuro
author_rank: Regular Contributor
timestamp: October 14, 2016, 05:10:17 pm
content: Quote from: zapta on October 14, 2016, 09:53:49 amOnly if they are Flukes, right?

author: Simon
author_rank: Unknown
timestamp: October 14, 2016, 05:18:44 pm
content: so how much will my 179 be worth soon ?

author: tggzzz
author_rank: Super Contributor
timestamp: October 14, 2016, 06:18:42 pm
content: One of the people that "won" during Black Monday was on the BBC at lunchtime. He couldn't see a bottom for how low the pound would go against the dollar. When pushed, he said expected to see 1GBP=1USD -- but said in a way that indicated he expected it would go significantly lower.Principal reasons, in no particular order:Brexit == hard Brexit (or no Brexit)loss of confidence in the UK due to Brexittrade deficit that hasn't been controlledfinancial services in the City being eviscerated, since the EU will be only too happy to have them move thereThat's all been my presumption since before the vote, so I regard it as entirely predictable. The only "reasons"anybodyhas given for believing otherwise fall into three categorieswishful thinkingpolitical blustera belief that Johnny Foreigner will do what we say, as they supposedly did half a century ago...and I've listenedverycarefully for any reason to believe otherwise.

author: GlowingGhoul
author_rank: Regular Contributor
timestamp: October 14, 2016, 06:21:31 pm
content: Quote from: nctnico on October 13, 2016, 04:37:25 pmIt works for Germany, Switzerland, Austria. The idea that manufacturing is something that can be dispensed with in favor of service only industries is a lie. High-tech, high end, high skill manufacturing is very profitable, but a nation must make a determined effort to educate their workforce and create and business friendly environment.

author: Marco
author_rank: Super Contributor
timestamp: October 14, 2016, 06:22:16 pm
content: Quote from: tggzzz on October 14, 2016, 06:18:42 pmThat observation is about 20 years late for the UK and half a century for the world.QuoteThe UK can still do full bailouts, EU countries can not. So they get to pick their poison (may they choke on it).

author: GlowingGhoul
author_rank: Regular Contributor
timestamp: October 14, 2016, 06:48:45 pm
content: Quote from: Marco on October 14, 2016, 06:22:16 pm

author: zapta
author_rank: Super Contributor
timestamp: October 14, 2016, 08:32:34 pm
content: Quote from: Marco on October 14, 2016, 06:22:16 pm"We do full bailouts!"That's funny.

author: LabSpokane
author_rank: Super Contributor
timestamp: October 14, 2016, 11:52:51 pm
content: Well, for us Muricans, there's never been a better time to travel to the UK than the last month or two. Hotels and food are cheap right now.

author: Simon
author_rank: Unknown
timestamp: October 15, 2016, 07:28:18 am
content: Quote from: GlowingGhoul on October 14, 2016, 06:21:31 pmEducate the workforce? That's quite joke were I work. The other day a fellow engineer came to me and said "the boss wants me to write an idiot's guide for this computer program we use on the commissioning trip". I said great you're an engineer and I have to give you idiot instructions? Why don't we instead spend the time that we would spend taking screenshots and painfully writing out idiot style instructions actually showing you how the software works and explaining to you the basics of can bus (the software is for can bus communication with our ECU and the vehicle). So that is what we did and now he is a far better position to troubleshoot staff rather than get the point where "the instructions don't cover this". But management like "idiot guides" and don't seem to value people having a fundamental understanding of what they are using. When it gets to the point that you are doing this for engineers I hate to think where the company and possibly this country is going to end up.Most people would not want to share information so that they remain in a "privileged position" whereas on the other hand I prefer to share as much information as possible as I am continually frustrated by people not having a clue what I am doing and having unrealistic expectations of how stuff works or how quickly it can be done or what is possible. You can give people all the information in the world if they don't know what to do with it it's pretty useless.

author: station240
author_rank: Unknown
timestamp: October 15, 2016, 07:32:27 am
content: Speculative trading should be banned, if you want to buy and sell something to make money, actually buy it.Still funny when things like this happen.http://thedailywtf.com/articles/Special-Delivery