Scottish Mortgage Invest... Share Discussion Threads

[hazl] 07/7/2016 09:15

like your thinking.......

[caradog] 01/7/2016 16:13

Who mentioned GDP per head? PPP means purchasing power parity. Links to those figures - decide for yourself how important the UK is in the world and what our negotiating strength is likely to be outside the EU:

[hazl] 01/7/2016 16:07

According to forecasts,that I have read,the main jobs in the future will involve being computer literate.

Things are constantly evolving that's why I have bought into things like PRSM robotic software.
I think we were heading for a slow-down anyway whichever side won out so I personally would prefer to not have the bureaucracy of the EU.

[joe say] 01/7/2016 15:36

the fact is we are - you don't measure by GDP per person when you're negotiating do you - you look at the whole

[caradog] 01/7/2016 15:29

My point is that politicians who constantly boast that we are the 5th largest economy in the world are being selective with their facts and presenting them in a way that exaggerates Britain's importance. It may win them some brownie points at home, but less jingoism and a bit more realpolitik would serve us better in negotiations with countries like China and India, who still remember what we did to them when we were the world's only superpower.

[joe say] 01/7/2016 14:51

Grow a pair - and if you turn that on the head surely it means we are ahead of nigh on 200 countries globally?

[caradog] 01/7/2016 12:51

By my reckoning, the UK GDP is now 6th globally in dollar terms after the fall in the pound. If you strip out currency distortions altogether and measure by GDP(ppp) we have the ninth largest economy in the world.

Whichever figure you use, the UK represents only about 3% of the global economy. England about 2.5%. Our self-importance will be our downfall.

[galeforce1] 01/7/2016 12:16

Que Passa

That statistic that the UK is the 'world's 5th largest economy' (now out of date by the way, following GBP's crash) is very misleading.

The UK may have been the world's 5th largest economy by consumption, but it is about the world's 10th largest exporter.

So in other words the size of economy has been flattered by the UK importing far more in goods than it exports in goods and services combined. That's why we have a 7% trade deficit.

I expect to see this trade deficit get much worse in the next few months, as imports will be much more expensive. But until the inevitable recession kicks in we won't consume much less.

Carney could soon by talking about raising rates to defend the GBP, not reducing them from the current 0.5%, which is daft.

[galeforce1] 01/7/2016 10:43

It's all very well saying that we can now make new trading relationships with India, Latin America, Russia, China, Asia, etc, but the sad reality is that we sell almost nothing to India or China. That's because we have very little to sell.

Being part of the EU doesn't seem to have stopped Germany, France and Italy building an enormous export trade to India and China. Why should anyone think that being outside the EU is suddenly going to improve the UK's export performance? It's just nonsense.

The big reason for continuing to hold SMT is that it's follows what I call the 'Edinburgh world view' - which is that the UK economy is fundamentally very weak and that the sensible place to invest is outside the UK. I think I'm right in saying that less than 10% of the £3.5bn-odd in this trust is invested in the UK.

The GBP is likely to keep on falling. SMT's GBP share price should continue to benefit from this.

[hazl] 01/7/2016 07:15

I hope you don't mind me quoting that on the 'sha' thread?
Very interesting.Thanks.

[quepassa] 28/6/2016 08:38

Thought-provoking article by highly respected FT reporter Gideon Rachman on page 13 of today's FT headed " I do not believe that Brexit will happen".

He puts forward some interesting points.

A cartoon accompanying the article shows a cinema auditorium with the screen showing

" REFERENDUM 2 - coming soon "


Many more chapters are yet to unfold in this tale - whether or not one agrees with Mr. Rachman's views or not.


ALL IMO. DYOR.
QP

[hazl] 27/6/2016 10:00

I agree and we may have a rally start perhaps, after the initial week of July is out the way.... in my opinion.

[quepassa] 27/6/2016 08:14

With 50% of their portfolio in US stocks, the great GBP f/x weakness will certainly feed through positively to the valuations of their portfolio in sterling terms.

ALL IMO. DYOR.
QP

(ps. - yes.

after the grief/loss/frustration/surprise/shock/denial of the referendum result starts wearing off, the UK's newly regained freedom poses the most remarkable upside opportunity for the UK after years of being shackled in every way by Brussels).

[hazl] 25/6/2016 18:33

Well did you predict brexit QP?

A transaction in shares held in Treasury has given us a boost today....Friday should say.)0

[hazl] 02/6/2016 10:54

KOOV could just make it big like AMZN in the future who knows?


imo