Would you go back ?

[Captain Oates 911]

You can pickle in the Rhine now? Wow, that I did not know.

ok you asked for it:

Tourist River taxi on the Thames in London

Cockney Guide says "This is the Thames, the finest river in the world"

German tourist says "What about the Rhine"

Guide says "Well, you've got your rhine coats haven't ya " ?

[elmcitymaven 9,712]

ok you asked for it:

Tourist River taxi on the Thames in London

Cockney Guide says "This is the Thames, the finest river in the world"

German tourist says "What about the Rhine"

Guide says "Well, you've got your rhine coats haven't ya " ?

UGH. That's TERRIBLE. You really do have a seemingly inexhaustible store of bad jokes, don't you?

[Marilyn. 340]

Two different animals - mushy peas are the rehydrated marrowfat peas all softened by cooking until they become mushy but still very thick and have a little bit of seasoning but not a lot - and yes, I like them! Pea soup is made from different types of dried pies but not generally marrowfat peas, has more liquid and the peas tend to be split or whole with different seasonings and often some meat like ham added. I like pea soup as well - especially Habitant brand from Canada.

ok, thanks for the explanation...

i like my mom's homemade pea soup... yum!

[Captain Oates 911]

Oh, I know what Bristols are. I keep my own ship shape and in Bristol fashion.

Wot like madonna ?

http://justjudyjudyjudy.com/wp-content/uploads/2009/11/madonna.jpg

.

[Captain Oates 911]

UGH. That's TERRIBLE. You really do have a seemingly inexhaustible store of bad jokes, don't you?

Only sctratched the surface

I have a tendency towards the puerile with a dash of infantile

I recycle the best 10 every day ad nauseum

In mitigation - most are clean

If you beg, I will tell you my 2 stuttering jokes one day

[elmcitymaven 9,712]

Wot like madonna ?

http://justjudyjudyj.../11/madonna.jpg

.

Less pointy than that. I'm a little softer all round than Madonna (thank goodness).

Only sctratched the surface

I have a tendency towards the puerile with a dash of infantile

I recycle the best 10 every day ad nauseum

In mitigation - most are clean

If you beg, I will tell you my 2 stuttering jokes one day

Please don't make me beg. At least not in public!

[Gemmie 142]

If I moved back to the UK, I would love to go back to Bath. It was freaking gorgeous in the summer, the buildings, the street entertainment, the ice-cream and pastry shops, the cafes, the pub gardens, the fields... at night time when all the lights come on, it looks so old-fashioned and magical.

If only I could afford it again without selling my life.

[Captain Oates 911]

If I moved back to the UK, I would love to go back to Bath. It was freaking gorgeous in the summer, the buildings, the street entertainment, the ice-cream and pastry shops, the cafes, the pub gardens, the fields... at night time when all the lights come on, it looks so old-fashioned and magical.

If only I could afford it again without selling my life.

Planning an autumn trip around the biometrics appointment and Bath is on the agenda. Being from the kingdom of Eric Bloodaxe, I don't pronounce it 'Baaaarth' so I will need to do a Washington accent if the locals are not to curl their lips in dissaproval. When I was going out with the Welsh bird, her girlfriends used to go to Baaaarth for drunken hen nights so there is plenty of culture on offer I reckon.

Anyone thinking of going back should use their dollars to buy the FTSE index by by buying the etf EWU. That effectively pegs your dollars against GBP instantly at the current rate.

Then when you are ready, sell the etf and send the dollars to UK using worldfirst. It will arrive at the rate you bought the etf at.

A cheap 'hedge'. That's a hot tip. It's as hot as my pants and that's saying something

Edited June 21, 2010 by saywhat

[mawilson 2,133]

Anyone thinking of going back should use their dollars to buy the FTSE index by by buying the etf EWU. That effectively pegs your dollars against GBP instantly at the current rate.

Then when you are ready, sell the etf and send the dollars to UK using worldfirst. It will arrive at the rate you bought the etf at.

A cheap 'hedge'. That's a hot tip. It's as hot as my pants and that's saying something

Well, if all you want is a straight-up currency hedge, you can take the FTSE out of the equation and buy a currency ETF, such as FXB (for GBP).

Or if a 1:1 hedge isn't enough, open a forex account and lever it up 100:1

[Captain Oates 911]

Well, if all you want is a straight-up currency hedge, you can take the FTSE out of the equation and buy a currency ETF, such as FXB (for GBP).

Or if a 1:1 hedge isn't enough, open a forex account and lever it up 100:1

ah but the interest is really bad. With an etf you get the dividends and the capital gain too.

or just go buy BP shares (adr) and make 50% cap gain plus say 6% div plus 20% currency gain

minus counseling fees for anxiety disorder

A year from now it will all be history and New Orleans will have 40 new pelicans and the prawn guys will be spending the

$ 20 ,000,000.000.00 - yes correct - 20 billion compo fund and the November elections will be past and the BP share holders will be all warm and fuzzy again.

Edited June 21, 2010 by saywhat

[mawilson 2,133]

ah but the interest is really bad. With an etf you get the dividends and the capital gain too.

or just go buy BP shares (adr) and make 50% cap gain plus say 6% div plus 20% currency gain

Or, have a 100% capital loss, as the case may be, if BP doesn't survive the gulf disaster.

Think about it: what if they can't stop the leak two months from now? No matter how much

cash they have, it won't last long if they are facing potentially unlimited liabilities.

(Disclaimer: I'm short BP, as are many other traders I know.)

[elmcitymaven 9,712]

Was going to go off on a rant about short-termism but thought better of it before I have a cup of tea.

[Captain Oates 911]

Or, have a 100% capital loss, as the case may be, if BP doesn't survive the gulf disaster.

Think about it: what if they can't stop the leak two months from now? No matter how much

cash they have, it won't last long if they are facing potentially unlimited liabilities.

(Disclaimer: I'm short BP, as are many other traders I know.)

ah but the well is owned by BP North America not by the UK parent

Let that go bust and the rest will be fine

That's what limited liability is all about.

plus I reckon BP will put 50% of this lot on Cameron who made the blowout preventer and Halliburton cement and TransOcean the rig operator.

There is more to this than what cable news has.

20 bill is pocket money to BP - after a year has gone by it will be plain sailing

Nobody wants to drill in US waters now anyway (I wouldn't) so they will settle down to Brazil/Russia/Nigeria /Indonesia/North sea/Falklands etc etc

It's too big to fail as far as the UK gov is concerned and they will tell O that if he doesn't lighten up, he can't have any more UK soldiers

[elmcitymaven 9,712]

ah but the well is owned by BP North America not by the UK parent

Let that go bust and the rest will be fine

That's what limited liability is all about.

plus I reckon BP will put 50% of this lot on Cameron who made the blowout preventer and Halliburton cement and TransOcean the rig operator.

There is more to this than what cable news has.

20 bill is pocket money to BP - after a year has gone by it will be plain sailing

Nobody wants to drill in US waters now anyway (I wouldn't) so they will settle down to Brazil/Russia/Nigeria /Indonesia/North sea/Falklands etc etc

It's too big to fail as far as the UK gov is concerned and they will tell O that if he doesn't lighten up, he can't have any more UK soldiers

I have to agree with Alan on this one. BP plc is not going down, no matter what the liability turns out to be. The structure of BP allows it to limit exposure of the parent company to exactly this sort of tragedy, as it should in its fiduciary duty to its shareholders. Traders may be going short on this one but as someone who is much more focused on 30 years+ horizons I think BP looks like an excellent bet for those who are willing to ride out 5+ years of volatility and depressed market price.

[mawilson 2,133]

20 bill is pocket money to BP - after a year has gone by it will be plain sailing

But $20 billion is neither a floor nor a ceiling on their potential liability.

Obama called the $20 billion escrow account a "good start" which clearly suggests they might go after them for more.

I'm sure they'll fight it, but picking a fight with the US Government is not something you want to do.