charliepetty Posted October 11, 2016 Author Share Posted October 11, 2016 Charles airports have always given very poor deals and anyone stupid enough to leave it until the airport to get their foreign currency deserves all they get in my book. Sterling has been falling since 2014 when it was realised that printing money (or quantitative easing as it is oh-so-nicely called) didn't work and instead we have diluted the worth of the currency. Sterling shows a very similar pattern against the Yuan- and let us not get too bogged down in discussions of the Chinese currency manipulation and its artificially devalued rate. What IS interesting- and people keep overlooking it- post 2007 crash Sterling was rising against the euro, which would indicate a strengthening position in Britain and a lack of confidence in Europe. Of course, that overlooks the failure of the Southern European currency failure (Greece, Portugal, Spain, possibly signs of Italy) which was being used by Berlin (or Brussels- very easy to confuse) to de-value the Euromark. Since those states slipped as far as they realistically could go- in other words to junk status- the artificial devaluation enjoyed by Germany no longer continued and their currency is finding its new value. You are an incredibly talented model designer and I have incredibly high levels of respect for your business acumen, but as for economics... But fear not, as I understand it Warren Buffett cannot design Pacer railcars. Maybe we can have a socialist government and then collapse all currency to parity/junk. Golgrafincham tree leaf for the next currency? The above comment is an economic one and not a political one. Sadly when you get quoted $170,000.00 US Dollars for a project when the Dollar/Pound is $1.53 per £1.00 Stirling and today its is $1.22 per £1.00. Which ever way your calculator is powered (Shale Gas Excluded) ITS 20% DEARER! Charlie Link to post Share on other sites More sharing options...
Wigan Wallgate OO Gauge Posted October 12, 2016 Share Posted October 12, 2016 What if you sent the money abroad first and did multiple currency conversions to get it worth more per pound Link to post Share on other sites More sharing options...
Derekstuart Posted October 12, 2016 Share Posted October 12, 2016 If you have a fast acting automatic and computerised For.Ex. trading system that can take decisions in micro seconds then you might well make money. For the average investor or trader, this is a good way to insanity- the fees alone would probably sink your finances. What if you sent the money abroad first and did multiple currency conversions to get it worth more per pound Link to post Share on other sites More sharing options...
Derekstuart Posted October 12, 2016 Share Posted October 12, 2016 Charlie, I really don't want to hijack your thread with politics or economics, but I cannot let these comments go un-challenged. It is nothing personal you understand. Sterling has fallen around 13% since our Independence Day vote (ignoring the very short term artificially high prices caused by shorting positions). If you have dropped 20% then either you are getting a bad deal from someone or your deal was placed well before the referendum. Perhaps you should consult a For.Ex. history chart and note that in 2010 the Pound was at 1.23 dollars. Seem familiar? Then there was the increase over the next 3 or so years (some might attribute the increasing value of Sterling between 2010-2013/4 as a sign of confidence in the cameron government's plan to re-balance the economy (I make no comment on whether I think that is a justified level of confidence)). You just cannot go on printing more non-existent money without expecting this to happen. Of course China does everything it can to keep the Yuan low to help its exports- you, and by extension your customers have benefited from this- where is your warning about the Chinese economy? No one is doubting the current exchange rates- as a transport/travel operator I keep a very close watch on it myself (btw we've lost on rate ourselves in the same way as you, but also gained from better export of services too making us marginally better off) but you are blaming the wrong force. Just please, whatever you do don't do any big deals in euros as I like Realtrack/DCK et al... Sadly when you get quoted $170,000.00 US Dollars for a project when the Dollar/Pound is $1.53 per £1.00 Stirling and today its is $1.22 per £1.00. Which ever way your calculator is powered (Shale Gas Excluded) ITS 20% DEARER! Charlie 2 Link to post Share on other sites More sharing options...
159220 Posted October 12, 2016 Share Posted October 12, 2016 Sadly when you get quoted $170,000.00 US Dollars for a project when the Dollar/Pound is $1.53 per £1.00 Stirling and today its is $1.22 per £1.00. Which ever way your calculator is powered (Shale Gas Excluded) ITS 20% DEARER! Charlie Oh well...such is economics. I shall still buy the DMU if it is what I want. Is the announcement on track for Warley NEC? I think I would only go to the NEC in November if there was the new DMU to see. Link to post Share on other sites More sharing options...
charliepetty Posted October 12, 2016 Author Share Posted October 12, 2016 Charlie, I really don't want to hijack your thread with politics or economics, but I cannot let these comments go un-challenged. It is nothing personal you understand. Sterling has fallen around 13% since our Independence Day vote (ignoring the very short term artificially high prices caused by shorting positions). If you have dropped 20% then either you are getting a bad deal from someone or your deal was placed well before the referendum. Perhaps you should consult a For.Ex. history chart and note that in 2010 the Pound was at 1.23 dollars. Seem familiar? Then there was the increase over the next 3 or so years (some might attribute the increasing value of Sterling between 2010-2013/4 as a sign of confidence in the cameron government's plan to re-balance the economy (I make no comment on whether I think that is a justified level of confidence)). You just cannot go on printing more non-existent money without expecting this to happen. Of course China does everything it can to keep the Yuan low to help its exports- you, and by extension your customers have benefited from this- where is your warning about the Chinese economy? No one is doubting the current exchange rates- as a transport/travel operator I keep a very close watch on it myself (btw we've lost on rate ourselves in the same way as you, but also gained from better export of services too making us marginally better off) but you are blaming the wrong force. Just please, whatever you do don't do any big deals in euros as I like Realtrack/DCK et al... A Project for Tooling a model train in China takes upto 3 years, from inception to sale, all I know is as of today its 20% dearer as per the figures quoted. Link to post Share on other sites More sharing options...
Kelly Posted October 12, 2016 Share Posted October 12, 2016 A Project for Tooling a model train in China takes upto 3 years, from inception to sale, all I know is as of today its 20% dearer as per the figures quoted. Hopefully it'll do well for you still. Though I have no need for most DMUs for any of my plans. Other than a 210 (and 457), but that isn't ever going to be RTR viable! Link to post Share on other sites More sharing options...
charliepetty Posted October 20, 2016 Author Share Posted October 20, 2016 Sadly when you get quoted $170,000.00 US Dollars for a project when the Dollar/Pound is $1.53 per £1.00 Stirling and today its is $1.22 per £1.00. Which ever way your calculator is powered (Shale Gas Excluded) ITS 20% DEARER! Charlie As predicted Hornby has announced a 12% increase. Now lets wait for Heljan, Dapol & Bachmann. Charlie Link to post Share on other sites More sharing options...
Martin_R Posted October 20, 2016 Share Posted October 20, 2016 As predicted Hornby has announced a 12% increase. Now lets wait for Heljan, Dapol & Bachmann. Charlie My local shop suspects that there will be another double figure increase when 2017 prices are finalised.....he was not happy chappie! Link to post Share on other sites More sharing options...
charliepetty Posted October 21, 2016 Author Share Posted October 21, 2016 My local shop suspects that there will be another double figure increase when 2017 prices are finalised.....he was not happy chappie! Yes it would seem that Loco's at £170 + and DMU's at £180+ will be the norm, and we better get used to it!! Charlie Link to post Share on other sites More sharing options...
RMweb Premium Legend Posted October 21, 2016 RMweb Premium Share Posted October 21, 2016 Yes it would seem that Loco's at £170 + and DMU's at £180+ will be the norm, and we better get used to it!! Charlie Bachmann are already there! And that's without Brexit price increases. Ref Refurb 101 @£199 Link to post Share on other sites More sharing options...
Derekstuart Posted October 21, 2016 Share Posted October 21, 2016 (edited) DELETED: It's not my place or my job to explain elementary economics to anyone. I apologise for doing so. Blame the currency variation on pixies for all I care. Edited October 21, 2016 by Derekstuart Link to post Share on other sites More sharing options...
RMweb Premium Legend Posted October 21, 2016 RMweb Premium Share Posted October 21, 2016 The costs of production in China are still much less than making it in UK .the devaluation of the currency does mean it's costing about 18% more to source from China ,but it's still worthwhile . Link to post Share on other sites More sharing options...
Pixie Posted October 21, 2016 Share Posted October 21, 2016 Blame the currency variation on pixies for all I care. Wasn't me, I swear guv'. Pix Link to post Share on other sites More sharing options...
admiles Posted October 21, 2016 Share Posted October 21, 2016 DELETED: It's not my place or my job to explain elementary economics to anyone. I apologise for doing so. Blame the currency variation on pixies for all I care. Frankly if you think Brexit is not responsible for the drop in value of Sterling there is no hope for you. Link to post Share on other sites More sharing options...
charliepetty Posted October 24, 2016 Author Share Posted October 24, 2016 Frankly if you think Brexit is not responsible for the drop in value of Sterling there is no hope for you. Looks like Bachmann, Hornby, Dapol agree with the Brexit issue. Oh forgot!!! And the Oil Companies with Petrol & Diesel. Charlie Link to post Share on other sites More sharing options...
Mike Storey Posted October 24, 2016 Share Posted October 24, 2016 Charlie, I really don't want to hijack your thread with politics or economics, but I cannot let these comments go un-challenged. It is nothing personal you understand. Perhaps you should consult a For.Ex. history chart and note that in 2010 the Pound was at 1.23 dollars. Seem familiar? Then there was the increase over the next 3 or so years (some might attribute the increasing value of Sterling between 2010-2013/4 as a sign of confidence in the cameron government's plan to re-balance the economy (I make no comment on whether I think that is a justified level of confidence)). You just cannot go on printing more non-existent money without expecting this to happen. Of course China does everything it can to keep the Yuan low to help its exports- you, and by extension your customers have benefited from this- where is your warning about the Chinese economy? Sorry Derek but I too cannot let your assertions go unchallenged yet again. The lowest the pound dropped over a measured period in 2010 was about 1.44 and for most of 2010 was well above that, peaking at over 1.60 at one point. It was slightly worse in March at just over 1.37. The only time it dipped below around 1.35 since we joined the EEC/EU was in 1985 for a few months down to around 1.05 at worst, when Thatcher was in the middle of her de-industrial revolution. Since 23 June it has dropped like a brick, and ignoring the brief Thatcher blip, it is now at its worst ever. We have to tread the right side of political comment on here, but I believe your continuing disinformation, based on your previously clear inclinations, is becoming borderline. So the only matter that "seems familiar" is your aversion to the bleedin' obvious. Back to topic - what DMU? Link to post Share on other sites More sharing options...
charliepetty Posted October 24, 2016 Author Share Posted October 24, 2016 Sorry Derek but I too cannot let your assertions go unchallenged yet again. The lowest the pound dropped over a measured period in 2010 was about 1.44 and for most of 2010 was well above that, peaking at over 1.60 at one point. It was slightly worse in March at just over 1.37. The only time it dipped below around 1.35 since we joined the EEC/EU was in 1985 for a few months down to around 1.05 at worst, when Thatcher was in the middle of her de-industrial revolution. Since 23 June it has dropped like a brick, and ignoring the brief Thatcher blip, it is now at its worst ever. We have to tread the right side of political comment on here, but I believe your continuing disinformation, based on your previously clear inclinations, is becoming borderline. So the only matter that "seems familiar" is your aversion to the bleedin' obvious. Back to topic - what DMU? Nice Named Ones! Or some are. 1 Link to post Share on other sites More sharing options...
Wigan Wallgate OO Gauge Posted October 25, 2016 Share Posted October 25, 2016 Someone hypnotise Charlie to do a 156 in northern haha Link to post Share on other sites More sharing options...
60006 Posted October 25, 2016 Share Posted October 25, 2016 Someone hypnotise Charlie to do a 156 in northern haha I doubt he would need to be hypnotised. Link to post Share on other sites More sharing options...
charliepetty Posted October 25, 2016 Author Share Posted October 25, 2016 I doubt he would need to be hypnotised. Or very drunk! Link to post Share on other sites More sharing options...
RMweb Gold Scottish Modeller Posted October 25, 2016 RMweb Gold Share Posted October 25, 2016 Or very drunk! HI all, I'm not sure you can get Charlie drunk.... It's usual for him fall asleep before he gets that far. Thanks ps - the answer is 3! 1 Link to post Share on other sites More sharing options...
charliepetty Posted October 27, 2016 Author Share Posted October 27, 2016 HI all, I'm not sure you can get Charlie drunk.... It's usual for him fall asleep before he gets that far. Thanks ps - the answer is 3! Drunk, I nearly fell over when the NEW Class *** Sample arrived! Working Lights (Bi-Directional) Interior Lights, full interior detailing, intensive underfloor detailing. Far better than the Award Winning 144 & 143 Models. Runs like a dream. Now for dots! 2 Link to post Share on other sites More sharing options...
RMweb Premium newbryford Posted October 27, 2016 RMweb Premium Share Posted October 27, 2016 (edited) Drunk, I nearly fell over when the NEW Class *** Sample arrived! Working Lights (Bi-Directional) Interior Lights, full interior detailing, intensive underfloor detailing. Far better than the Award Winning 144 & 143 Models. Runs like a dream. Now for dots! Dots are no use to me. I want one with stripes. I hope it has switchable toilet lighting otherwise a certain modeller may be disappointed. Cheers Mick Edited October 27, 2016 by newbryford Link to post Share on other sites More sharing options...
matt-b Posted October 27, 2016 Share Posted October 27, 2016 Is the sample all painted up and looking the part? Or in a nice shade of primer grey? Matt Link to post Share on other sites More sharing options...
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