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Bank of England sees speedier COVID recovery and upgrades growth forecast . . .
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By (user no longer on site)
over a year ago
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"Yea but do remember that the Euro is .16 lower than GBP. How crap is that and so consistently too.  "
Haha, I don’t you think you know how currency exchange rates work, embarrassing  |
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION. Stoke. |
Okay. I will say it one more time for you. BOE data come from real world experience data - consumer retail figures. Trading. Manufacturing output over the last month and three months.
These arent let's take a guess - they are actual. |
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By (user no longer on site)
over a year ago
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"Okay. I will say it one more time for you. BOE data come from real world experience data - consumer retail figures. Trading. Manufacturing output over the last month and three months.
These arent let's take a guess - they are actual."
Good to hear, I shall look forward to using forecasts and estimates in the future |
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By (user no longer on site)
over a year ago
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"Yea but do remember that the Euro is .16 lower than GBP. How crap is that and so consistently too. "
One pound sterling buys you 1.16 Euros. And 1.16 is more than 1.
   |
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""Bank of England sees speedier COVID recovery and upgrades growth forecast - but holds interest rate".
So good. I said it twice lol.  "
Good news though I've got a nice 5 year fixed rate mortgage so interest rates don't really matter much to me at the moment |
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION. Stoke. |
""Bank of England sees speedier COVID recovery and upgrades growth forecast - but holds interest rate".
So good. I said it twice lol.
Good news though I've got a nice 5 year fixed rate mortgage so interest rates don't really matter much to me at the moment "
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By *mmabluTV/TS
over a year ago
upton wirral |
"Okay. I will say it one more time for you. BOE data come from real world experience data - consumer retail figures. Trading. Manufacturing output over the last month and three months.
These arent let's take a guess - they are actual.
Good to hear, I shall look forward to using forecasts and estimates in the future "
Remoaners have only ever argued on forecasts about the disaster of leaving the EU funny how you have changed your tune! |
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By (user no longer on site)
over a year ago
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"Okay. I will say it one more time for you. BOE data come from real world experience data - consumer retail figures. Trading. Manufacturing output over the last month and three months.
These arent let's take a guess - they are actual.
Good to hear, I shall look forward to using forecasts and estimates in the future Remoaners have only ever argued on forecasts about the disaster of leaving the EU funny how you have changed your tune!"
Question? Can we rely on forecasts and estimates or not ?? |
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By *obka3Couple
over a year ago
bournemouth |
""Bank of England sees speedier COVID recovery and upgrades growth forecast - but holds interest rate".
So good. I said it twice lol.
Forecast? "
Is Botis still in charge or has your forecast been wrong again |
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By (user no longer on site)
over a year ago
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""Bank of England sees speedier COVID recovery and upgrades growth forecast - but holds interest rate".
So good. I said it twice lol.
Forecast?
Is Botis still in charge or has your forecast been wrong again "
Who is this ‘Botis’ character and what is he/she in charge off? |
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By (user no longer on site)
over a year ago
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""Bank of England sees speedier COVID recovery and upgrades growth forecast - but holds interest rate".
So good. I said it twice lol.
Forecast? "
This is quite amusing. Someone at some point says something and you hold on to it forever
Forecasts are just that, Forecasts.
By all means read them, listen to them, believe them or don't.
Just always remember, it’s an estimate. |
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By (user no longer on site)
over a year ago
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""Bank of England sees speedier COVID recovery and upgrades growth forecast - but holds interest rate".
So good. I said it twice lol.
Forecast?
This is quite amusing. Someone at some point says something and you hold on to it forever
Forecasts are just that, Forecasts.
By all means read them, listen to them, believe them or don't.
Just always remember, it’s an estimate."
I know, that is exactly my point, I have been criticised on here in the past for using forecasts and estimates . |
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION. Stoke. |
I forecasted we would leave the EU - we did.
I forecasted that Remoaners would remoan forever afterwards - they do.
I forecast for the future that our economy - in light of real word figures - from the last month and month will increase to a point where even those above have to admit that the only way is up and that's great for the economy and jobs.
I forecast that - for some - it will never be good enough in their constant race to the bottom.
I also forecast that I won't give a crap what you answer
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By *obka3Couple
over a year ago
bournemouth |
""Bank of England sees speedier COVID recovery and upgrades growth forecast - but holds interest rate".
So good. I said it twice lol.
Forecast?
Is Botis still in charge or has your forecast been wrong again
Who is this ‘Botis’ character and what is he/she in charge off? "
Boris |
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By (user no longer on site)
over a year ago
|
""Bank of England sees speedier COVID recovery and upgrades growth forecast - but holds interest rate".
So good. I said it twice lol.
Forecast?
Is Botis still in charge or has your forecast been wrong again
Who is this ‘Botis’ character and what is he/she in charge off?
Boris "
He is still the PM, it is still 2021, will my prediction be correct? Time will tell |
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By (user no longer on site)
over a year ago
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"I forecasted we would leave the EU - we did.
I forecasted that Remoaners would remoan forever afterwards - they do.
I forecast for the future that our economy - in light of real word figures - from the last month and month will increase to a point where even those above have to admit that the only way is up and that's great for the economy and jobs.
I forecast that - for some - it will never be good enough in their constant race to the bottom.
I also forecast that I won't give a crap what you answer
"
Here is a BOE forecast about Brexit
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
|
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION. Stoke. |
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
"
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data? |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data? "
It was from the BOE? Either they are credible or they aren’t |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t "
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates? |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?"
Fair enough, so they were wrong then but they might be right this time? |
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION. Stoke. |
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?"
lmao! |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time? "
Were they wrong? I don't know. Can you even be wrong with an estimate? |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time?
Were they wrong? I don't know. Can you even be wrong with an estimate?"
I am not sure, can you be right with an estimate? |
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION. Stoke. |
Expectation against real-world FACT:
"Next has raised its annual profit forecast again after sales during its first quarter beat the retail chain's expectations by £75m as coronavirus lockdowns eased."
Thus securing jobs and market share.
|
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time?
Were they wrong? I don't know. Can you even be wrong with an estimate?
I am not sure, can you be right with an estimate?"
I see your usual standard of debate hasn't changed in the last day or so... |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time?
Were they wrong? I don't know. Can you even be wrong with an estimate?
I am not sure, can you be right with an estimate?
I see your usual standard of debate hasn't changed in the last day or so..."
You asked a question and I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right. |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time?
Were they wrong? I don't know. Can you even be wrong with an estimate?
I am not sure, can you be right with an estimate?
I see your usual standard of debate hasn't changed in the last day or so...
You asked a question and I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right. "
Well obviously an estimate could turn out right or wrong but if it's wrong the argument will always be 'well it was only a guess'
I'm not sure I should have to be explaining this to a grown man |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time?
Were they wrong? I don't know. Can you even be wrong with an estimate?
I am not sure, can you be right with an estimate?
I see your usual standard of debate hasn't changed in the last day or so...
You asked a question and I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right.
Well obviously an estimate could turn out right or wrong but if it's wrong the argument will always be 'well it was only a guess'
I'm not sure I should have to be explaining this to a grown man"
PMSL, you don’t have to explain anything . I think the BOE are credible and all their forecasts should be taken seriously. Their latest forecast is good news, unfortunately their other pre & post Brexit forecasts have been bad news  |
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION. Stoke. |
"
I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right. "
Really? You are saying that you don't know the answer to that question?
Mind you why does that surprise me! |
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By *obka3Couple
over a year ago
bournemouth |
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time?
Were they wrong? I don't know. Can you even be wrong with an estimate?
I am not sure, can you be right with an estimate?
I see your usual standard of debate hasn't changed in the last day or so...
You asked a question and I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right.
Well obviously an estimate could turn out right or wrong but if it's wrong the argument will always be 'well it was only a guess'
I'm not sure I should have to be explaining this to a grown man
PMSL, you don’t have to explain anything . I think the BOE are credible and all their forecasts should be taken seriously. Their latest forecast is good news, unfortunately their other pre & post Brexit forecasts have been bad news "
And mostly wrong.
To be fair to them it's all guess work,there are over 50 million consumers in the uk they have to try and work out what each one will spend to make a forecast.
It's a bit like a business doing a cashflow forecast, its guess work |
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By (user no longer on site)
over a year ago
|
"
I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right.
Really? You are saying that you don't know the answer to that question?
Mind you why does that surprise me!"
No, I really really don’t know the answer, I guess shorter doesn’t know if estimates can be wrong either hence them asking? It is a very tricky question . |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time?
Were they wrong? I don't know. Can you even be wrong with an estimate?
I am not sure, can you be right with an estimate?
I see your usual standard of debate hasn't changed in the last day or so...
You asked a question and I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right.
Well obviously an estimate could turn out right or wrong but if it's wrong the argument will always be 'well it was only a guess'
I'm not sure I should have to be explaining this to a grown man
PMSL, you don’t have to explain anything . I think the BOE are credible and all their forecasts should be taken seriously. Their latest forecast is good news, unfortunately their other pre & post Brexit forecasts have been bad news
And mostly wrong.
To be fair to them it's all guess work,there are over 50 million consumers in the uk they have to try and work out what each one will spend to make a forecast.
It's a bit like a business doing a cashflow forecast, its guess work "
Ah, so they shouldn’t be trusted then? |
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By (user no longer on site)
over a year ago
|
"
I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right.
Really? You are saying that you don't know the answer to that question?
Mind you why does that surprise me!
No, I really really don’t know the answer, I guess shorter doesn’t know if estimates can be wrong either hence them asking? It is a very tricky question . "
I know  I explained it to you above.
They can be both right an wrong but wrong will be passed off as a 'guess' |
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION. Stoke. |
Okay. Open your exercise books at page 9.
And read from this real-world example:
__________________________
Expectation against real-world FACT:
"Next has raised its annual profit forecast again after sales during its first quarter beat the retail chain's expectations by £75m as coronavirus lockdowns eased." (Thursday 6th May 2021)
______________________________
Did Next *Expect* less and were proved to be wrong by the £75million increase against expectation?
Answers on my desk just as soon as you are able. Remember no cheating and remove your socks if you run out of digits for counting.
And start . . . .
|
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By (user no longer on site)
over a year ago
|
"
I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right.
Really? You are saying that you don't know the answer to that question?
Mind you why does that surprise me!
No, I really really don’t know the answer, I guess shorter doesn’t know if estimates can be wrong either hence them asking? It is a very tricky question .
I know I explained it to you above.
They can be both right an wrong but wrong will be passed off as a 'guess'"
So they are guessing? Good to know |
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Next the only High Street retailer left has increased market share WOW Wonder how many Burton’s Top Shop Debenhans staff they have employed. Our economy is goosed but I don’t really care because as of today am a woman and gonna retire earlier |
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By *oo hotCouple
over a year ago
North West |
"This thread is getting more surreal by the moment.
It's not the NHS that needs as much help as does the education system.
 "
Judging by a total misunderstanding of world exchange rates by some on this site... I would suggest that you might be right lol |
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By (user no longer on site)
over a year ago
|
"This thread is getting more surreal by the moment.
It's not the NHS that needs as much help as does the education system.
Judging by a total misunderstanding of world exchange rates by some on this site... I would suggest that you might be right lol"
|
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION. Stoke. |
"This thread is getting more surreal by the moment.
It's not the NHS that needs as much help as does the education system.
Judging by a total misunderstanding of world exchange rates by some on this site... I would suggest that you might be right lol"
Judging by the inability of some to properly follow a conversation and what is actually being said, I was spot on. |
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By *andy 1Couple
over a year ago
northeast |
"Okay. Open your exercise books at page 9.
And read from this real-world example:
__________________________
Expectation against real-world FACT:
"Next has raised its annual profit forecast again after sales during its first quarter beat the retail chain's expectations by £75m as coronavirus lockdowns eased." (Thursday 6th May 2021)
______________________________
Did Next *Expect* less and were proved to be wrong by the £75million increase against expectation?
Answers on my desk just as soon as you are able. Remember no cheating and remove your socks if you run out of digits for counting.
And start . . . .
"
|
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By *ebbie69Couple
over a year ago
milton keynes |
""Bank of England sees speedier COVID recovery and upgrades growth forecast - but holds interest rate".
So good. I said it twice lol. "
Yep good news again. Was reading it this afternoon on the bbc along with the trade and investment from India story |
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By *obka3Couple
over a year ago
bournemouth |
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time?
Were they wrong? I don't know. Can you even be wrong with an estimate?
I am not sure, can you be right with an estimate?
I see your usual standard of debate hasn't changed in the last day or so...
You asked a question and I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right.
Well obviously an estimate could turn out right or wrong but if it's wrong the argument will always be 'well it was only a guess'
I'm not sure I should have to be explaining this to a grown man
PMSL, you don’t have to explain anything . I think the BOE are credible and all their forecasts should be taken seriously. Their latest forecast is good news, unfortunately their other pre & post Brexit forecasts have been bad news
And mostly wrong.
To be fair to them it's all guess work,there are over 50 million consumers in the uk they have to try and work out what each one will spend to make a forecast.
It's a bit like a business doing a cashflow forecast, its guess work
Ah, so they shouldn’t be trusted then? "
I take all forecasts with a large pinch of salt, remember all the forecasts of immediate recession following a leave vote ? Etc etc. Remember the forecast of the imf, world bank and oecd etc when the coalition came to power in 2010, all these "experts" predicted we would go into a serious decline, unemployment would soar, they were wrong, the only thing these experts can correctly predict is the size of the expense claims and bloated pensions.
Of course BOTH sides use these predictions when it suits their argument. Easier to keep calm and carry on |
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By (user no longer on site)
over a year ago
|
"
https://www.bloomberg.com/news/articles/2021-01-06/boe-governor-bailey-warns-brexit-will-bring-big-economic-losses
My forecast was spot-on. I don't give a crap what you answer. How about that for real world data?
It was from the BOE? Either they are credible or they aren’t
Its a quarter out of date though, don't you think we should be reviewing the latest data and estimates?
Fair enough, so they were wrong then but they might be right this time?
Were they wrong? I don't know. Can you even be wrong with an estimate?
I am not sure, can you be right with an estimate?
I see your usual standard of debate hasn't changed in the last day or so...
You asked a question and I honestly don’t know if an estimate can be wrong, I also don’t know if an estimate can be right.
Well obviously an estimate could turn out right or wrong but if it's wrong the argument will always be 'well it was only a guess'
I'm not sure I should have to be explaining this to a grown man
PMSL, you don’t have to explain anything . I think the BOE are credible and all their forecasts should be taken seriously. Their latest forecast is good news, unfortunately their other pre & post Brexit forecasts have been bad news
And mostly wrong.
To be fair to them it's all guess work,there are over 50 million consumers in the uk they have to try and work out what each one will spend to make a forecast.
It's a bit like a business doing a cashflow forecast, its guess work
Ah, so they shouldn’t be trusted then?
I take all forecasts with a large pinch of salt, remember all the forecasts of immediate recession following a leave vote ? Etc etc. Remember the forecast of the imf, world bank and oecd etc when the coalition came to power in 2010, all these "experts" predicted we would go into a serious decline, unemployment would soar, they were wrong, the only thing these experts can correctly predict is the size of the expense claims and bloated pensions.
Of course BOTH sides use these predictions when it suits their argument. Easier to keep calm and carry on"
It is a good point, at least I have now realised that if you make a prediction that proves to be incorrect you can just claim it was a guess, handy to know if Boris doesn’t leave this year |
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By *oo hotCouple
over a year ago
North West |
Andrew Bailey.
Brexit stalwart appointed as Governer of BoE in 2020.
Brexiter announces that everything is going to be great. His forecast is based on consumers not actually spending money on online purchases over the last 12 months and instead assuming that consumers have “saved” £200 million in the last 12 months and will now spend it in the next 7 months.
Here’s a small observation based on my local area and the people who I know... not a single person that I know has more spare cash now than they did 12 months ago and those who do have cash actually owe it to the Government. |
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By *obka3Couple
over a year ago
bournemouth |
"Andrew Bailey.
Brexit stalwart appointed as Governer of BoE in 2020.
Brexiter announces that everything is going to be great. His forecast is based on consumers not actually spending money on online purchases over the last 12 months and instead assuming that consumers have “saved” £200 million in the last 12 months and will now spend it in the next 7 months.
Here’s a small observation based on my local area and the people who I know... not a single person that I know has more spare cash now than they did 12 months ago and those who do have cash actually owe it to the Government."
Well if they havent spent it on holidays, havent spent it in pubs and restaurants they must have saved it up, people are desperate to get out and have fun to make up for last year, |
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By *mmabluTV/TS
over a year ago
upton wirral |
"I forecasted we would leave the EU - we did.
I forecasted that Remoaners would remoan forever afterwards - they do.
I forecast for the future that our economy - in light of real word figures - from the last month and month will increase to a point where even those above have to admit that the only way is up and that's great for the economy and jobs.
I forecast that - for some - it will never be good enough in their constant race to the bottom.
I also forecast that I won't give a crap what you answer
"
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"Andrew Bailey.
Brexit stalwart appointed as Governer of BoE in 2020.
Brexiter announces that everything is going to be great. His forecast is based on consumers not actually spending money on online purchases over the last 12 months and instead assuming that consumers have “saved” £200 million in the last 12 months and will now spend it in the next 7 months.
Here’s a small observation based on my local area and the people who I know... not a single person that I know has more spare cash now than they did 12 months ago and those who do have cash actually owe it to the Government.
Well if they havent spent it on holidays, havent spent it in pubs and restaurants they must have saved it up, people are desperate to get out and have fun to make up for last year, "
. Where I live some people are saving up to £5000 a year on season tickets as a result of being able to work from home . A lot of people have been able to save a lot more money than normal during Covid 19. Another with investments or a pension fund or investments will have benefitted from a good financial performance over the last year. |
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