Who will win the 2011 election?

[Swoop]

So - there ya go - our country is lead by a parasitic wide boy !!!!

That description is surely Parekura Horomia.

[Banditbandit]

That description is surely Parekura Horomia.

Bwhahahaha .. ka kata kata ahau ... ko koe he tangata rēreke.

[Clockwork]

Bwhahahaha .. ka kata kata ahau ... ko koe he tangata rēreke.

Sorry, I don't speak Maori but I'll give it a guess....

"Bwhahahaha .. it's funny ... 'cos it's true" ???

[Winston001]

Currency trading is high risk and is essentially based around differing values of currency which change constantly and it is analysing these changes and trading that makes the money.

A forex trader expects a certain outcome, takes a position on that outcome happening and capitalises when it does.

When I put a tenner on the ABs winning tonight I am expecting an outcome, take a position and will capitalise when it happens.

Agreed but there is more to it. When entering a trade the buyer/seller also needs to hold a counter option - an opposite sell/buy. Just in case the trade goes badly wrong. The traders skill is to remember and juggle lots of trades and counter options, both his own and others made by other people. It requires an extraordinary memory and split-second judgement.

At the end of each day the trader must have all his positions covered.

To use your example Shrub, you would also take a bet on Tonga winning but only put down $1. That way you are covered if you lose your tenner.

[puddytat]

Seeing as some of you fellas are real good at haulin' out facts & figures & stuff, would one of you's be able to answer this question.....
Is this countrys Govt debt greater or smaller than before we started down this Free Trade & State assets sales path? Going back to before Rogernomics et al?',compared to our Govt debt of today

Were we better off then when fellas would lean on a shovel & have a fag before they got back into the job of building the basic total infrastructure of this country?
Seems to me that there's too many Chiefs & not enough Indians nowadays, with heaps of Wallys' driving round in flash work utes dictating to too few actually doing the work & loading an increase in paperwork to tally every footstep on the simplest of jobs

[Pussy]

Sorry, I don't speak Maori but I'll give it a guess....

"Bwhahahaha .. it's funny ... 'cos it's true" ???

No...
It means "Aunty Huia has got an eel in her handbag".

You're welcome!

[cowpoos]

From reading your posts I doubt you do either. Currency trading is high risk and is essentially based around differing values of currency between the currencies which change constantly and it is analysing these changes and trading between the currencies to capitalise on them that makes the money. A forex trader expects a certain outcome, takes a position on that outcome happening and capitalises when it does. When I put a tenner on the ABs winning tonight I am expecting an outcome, take a position and will capitalise when it happens.

That's an overly simple description, and of course there is far more to it, but that is currency trading in a nutshell.

Well if your such a know it all...you would realise that John, brought and sold currency for investment transaction for Merrill Lynch and became the head of thier london based department I believe...not a currency speculator like you are insinuating...and your description of currency trading is a tiny tiny part of the business...I suppose your description of a builder is a guy who has a hammer?

and if you actually bother researching anything...rather than just making it up as you go...you will discover the fella was on a 4 million nzd plus salary [plus bonuses] in London...thats where he made his money...working his arse off,using his brain,investing wisely....and not listening to silly self profound know it alls like you...you need to get over your self...seriously!!

[rainman]

Seeing as some of you fellas are real good at haulin' out facts & figures & stuff, would one of you's be able to answer this question.....
Is this countrys Govt debt greater or smaller than before we started down this Free Trade & State assets sales path? Going back to before Rogernomics et al?',compared to our Govt debt of today

From what I could find, being the IMF historical series from 1860 showing public external debt as a % of GDP, we were at about 40% in 1974, lifted to 78% in 1986, and have generally dropped since then. Got to 18% in 2007 and have been climbing again since, 24% in 2009. Nowhere near the 259% of 1933 of course, but depressions do tend to increase debt levels.

RBNZ has a more recent series that also shows private overseas debt as well. This runs from 1993 and shows pubic debt as % of GDP generally decreasing (until 2008/9) but private debt increasing quite a lot.

In 1993 public debt was 30% of GDP, private 58% - 1.9 times bigger.

In 2008 public debt was only 9.4% of GDP (so much for Labour having destroyed the country's finances, eh?) but private debt was 120.8% of GDP - 12.9 times higher.

Of course I would have no concern at all how much a private enterprise borrowed if I as taxpayer didn't have to bail the fuckers out with such monotonous regularity...

Were we better off then when fellas would lean on a shovel & have a fag before they got back into the job of building the basic total infrastructure of this country?

That's a different question, and I don't think public external debt will give you the answer.

Well if your such a know it all...you would realise that John, brought and sold currency for investment transaction for Merrill Lynch and became the head of thier london based department I believe...not a currency speculator like you are insinuating.....you will discover the fella was on a 4 million nzd plus salary [plus bonuses] in London...thats where he made his money...working his arse off,using his brain,investing wisely....and not listening to silly self profound know it alls like you..

Oh shit, Shrub, you're in it now - you've pissed off the head of the John Key Fan Club...

Cowpoos, however much the man might be counted as "successful" simply for accumulating wodges of money, he still added nothing of value to the real economy, and was just another member of the vampire class.

[shrub]

Well if your such a know it all...you would realise that John, brought and sold currency for investment transaction for Merrill Lynch and became the head of thier london based department I believe...not a currency speculator like you are insinuating...and your description of currency trading is a tiny tiny part of the business...I suppose your description of a builder is a guy who has a hammer?

and if you actually bother researching anything...rather than just making it up as you go...you will discover the fella was on a 4 million nzd plus salary [plus bonuses] in London...thats where he made his money...working his arse off,using his brain,investing wisely....and not listening to silly self profound know it alls like you...you need to get over your self...seriously!!

Awww... the muppet's in love, how sweet!

[shrub]

RBNZ has a more recent series that also shows private overseas debt as well. This runs from 1993 and shows pubic debt as % of GDP generally decreasing (until 2008/9) but private debt increasing quite a lot.

In 1993 public debt was 30% of GDP, private 58% - 1.9 times bigger.

In 2008 public debt was only 9.4% of GDP (so much for Labour having destroyed the country's finances, eh?) but private debt was 120.8% of GDP - 12.9 times higher.

But of course Labour destroyed the economy - Wayne down at the pub reckons they did, and he has a grouse ute and a smokin hot missus, so ya gotta take him more seriously than boring old statistics.

[blue rider]

............ the man might be counted as "successful" simply for accumulating wodges of money, he still added nothing of value to the real economy, and was just another member of the vampire class.

and this is the crux of the matter for those that are not John Keys Fanboys. What did he achieve before applying for the Job of Prime Minister in NZ (until that time I have never even heard of the man) and more importantly WHAT has he achieved since he got to be prime minister?

And I am not talking about working as a Currency Trader, but as a Politician in NZ. Here at home, what has he achieved?

And for the next for years, what is he going to achieve then?

[puddytat]

Thanks for the info Rainman,I'll have to accept the fact that those days wernt as rosie as I remember,but Im damn sure the weather happened back then the way it was meant to

....and not listening to silly self profound know it alls like you...you need to get over your self...seriously!!

Pot calling the kettle black?

[puddytat]

and this is the crux of the matter for those that are not John Keys Fanboys. What did he achieve before applying for the Job of Prime Minister in NZ (until that time I have never even heard of the man) and more importantly WHAT has he achieved since he got to be prime minister?

And I am not talking about working as a Currency Trader, but as a Politician in NZ. Here at home, what has he achieved?

And for the next for years, what is he going to achieve then?

His biggest achievment so far has been the most profound changes to the laws of N.Z....since whenever.

As for the next term.....
An award from the Queen?
Asset sales?

[blue rider]

An award from the Queen?
Asset sales?

if I give johnboy the wanker of the day award, that would count as an achievement?

[puddytat]

He's got tough competition from Bill & Gerry