Greek Financial Crisis

[Librarian]

Haven't got the time but you've got time to chat bubbles on here for 25 hours a day.

OK MATE

The life of a fake business man is all consuming

 

[harris78]

What's your business ?

Bizarro is in the plate and ouzo distribution business. Apparently the Greeks were one of his biggest clients but have fallen on hard times.

 

[bizzaro]

Haven't got the time but you've got time to chat bubbles on here for 25 hours a day.

OK MATE

The only one who chats bubbles is you mate. Contributing absolutely nothing here.

 

[The Cowboy]

Lost me already mate. So if it worked the other way round, and you got more in Sterling than today, that gain would be negged by the loss on the spread bet?

If you go for spread betting, yes. An FX option is not an obligation to exchange; if the rate swings in your favour you just let it expire.

 

[The Esk]

Lost me already mate. So if it worked the other way round, and you got more in Sterling than today, that gain would be negged by the loss on the spread bet?

Correct, so if the Euro strengthened the €50,000 received from your clients would be worth more in Sterling, however you would then have a corresponding loss of the spread bet, so it would roughly equal out.

 

[Brennan]

The only one who chats bubbles is you mate. Contributing absolutely nothing here.

About as much as those dastardly Greeks have contributed to 'your' business.

 

[bizzaro]

About as much as those dastardly Greeks have contributed to 'your' business.

Or yourself.

 

[bizzaro]

The life of a fake business man is all consuming

 

[Frank Gallagher]

He's a import/export trader*.

* on eBay

I thought he sold E's to european tourists outside the 051??!

 

[roydo]

If you go for spread betting, yes. An FX option is not an obligation to exchange; if the rate swings in your favour you just let it expire.

Ah, of course. I actually used to know enough about all this gubbins a few years back, could talk hurdle, (or is it straddle? Probably both!) rates and duration plays all day long. But dont need to know it anymore, so dont keep up.

 

[LouReedwalkonthewildside]

@bizzaro

 

[chicoazul]

Damo is our very own Derek Trotter of GOT.

 

[Brennan]

Or yourself.

That's not true, i bought a stack of McDonalds Coffee Vouchers from your eBay shop the other day.

 

[Allezfan]

"Cos where it all comes from is a mystery, like villa's rising wage bill or the ffp, but here's the one that's driving me bizzark, why do only greeks and chicos work?"

 

[Frank Gallagher]

Ah, of course. I actually used to know enough about all this gubbins a few years back, could talk hurdle, (or is it straddle? Probably both!) rates and duration plays all day long. But dont need to know it anymore, so dont keep up.

Sounds a bit like betfair.. laying AND backing just to cover your arse!