Beagle - what’s happened to the NZD going to 62 cents US
Beagle bait...fishing no good today
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Was that Couta hoovering up the small fry today? Somebody got what has to be easy money with the divvy forth coming.
Unfortunatly with the pocket money I had available I had to make a call and went with more SKO instead.
Beagle - what’s happened to the NZD going to 62 cents US
Up over 68 cents U.S. now. Forecasting exchange rates is like forecasting the weather lol
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Weather forecasters accuracy benchmark is the percentage of number of days when the weather is similar to the day before .....beat that and you a guru forecaster
Wonder if Neils Bohr would agree
Last edited by winner69; 15-11-2018 at 10:48 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
Weather forecasters accuracy benchmark is the percentage of number of days when the weather is similar to the day before .....beat that and you a guru forecaster
Wonder if Neils Bohr would agree
Actually - weather forecasts are better these days, but yes, it used to be like that in the good old times.
Not sure, though predictions of currency exchange rates could keep pace with the recent improvements in meteorology.
But anyway - while both currency exchange rates as well as the weather are highly relevant to HLG's results - comparing the forecast accuracy of both disciplines are probably not. Shall hold my peace ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
How often have I told you to stop reading / believing what those bank economist / commentators say
Bad for your health
Interesting dichotomy in economic indicators. On one hand we have one survey after another saying business and consumer confidence is plumbing decade lows and on the other record high employments level's. At least weather forecasters get to look out the window and see what's about to hit them in the face Must admit I did have a good laugh about ANZ's pick for the U.K. / N.Z. exchange rate for Dec 2019 at 42 pence. How could they possibly have any meaningful insight into this without even knowing the outcome of Brexit negotiations ? Its just a guess, nothing more and nothing less.
Main thing is we are back to the normal currency level for HLG so when they're ordering their autumn and winter stock everything is fine and dandy.
Last edited by Beagle; 15-11-2018 at 11:10 AM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by winner69
Beagle bait...fishing no good today 
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