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Brexit and how it affects enthusiasts

In a nutshell:

Goods out of the UK are suddenly cheaper.
Goods out of Japan are suddenly more expensive.
Goods out of China/Taiwan mostly unaffected.

FYI in case you want to know why Japanese manufacturers are adjusting pricing in the near future.

-alex

Quote:

Originally Posted by mav1178 (Post 2688368)

Oh geez they are flying to Yen as safe haven?

Monday would be a very interesting day.

Quote:

Originally Posted by krayzie (Post 2688426)

Oh geez they are flying to Yen as safe haven?

Whenever the economy tanks or when there is uncertainty in the marketplace, they flock to "safe" currencies and investments such as the Yen or US Treasury bonds.

Look at 2008-2012 for reference on how strong the yen got. The May jobs report was below expectations, that sent the yen soaring to 105. Yesterday's events caused it to get to 102. 6 months

On January 30 2016, we were at 1 USD = 121 Yen...

-alex

Quote:

Originally Posted by mav1178 (Post 2688368)

In a nutshell:
Goods out of the UK are suddenly cheaper.

I'm looking forward to paying less for my British-made Cadbury flakes.

So Cosworth should get cheaper then HKS? lol

Meanwhile at the Bank of Japan

https://pbs.twimg.com/media/Cbk2bf7UkAIYklw.jpg

Quote:

Originally Posted by krayzie (Post 2688458)

Meanwhile at the Bank of Japan

https://pbs.twimg.com/media/Cbk2bf7UkAIYklw.jpg

Probably the opposite, as it makes Japanese exports more expensive.

Japan's GDP is expected to be around 0.5% for this year. It may very well push them back into a recession...

I care about this a great deal because my day-to-day functions deal almost exclusively with exports out of Japan.

-alex

Quote:

Originally Posted by mav1178 (Post 2688463)

That's an inside joke pic from ZeroHedge. :lol:

Japan is fubar with negative interest rates and negative bond yields along with QE unlimited but they don't seem to be working well in keeping the yen low.

Japanese people are buying safes to put in homes so they can store cash just in case they have a bank holiday.

The BOJ will have to come up with something to intervene the markets again on Monday.

Meanwhile...

http://www.theonion.com/article/amer...-leader--53156

Quote:

WASHINGTON—In the wake of Prime Minister David Cameron’s announcement that he would leave office following the United Kingdom’s vote to exit the European Union, tens of millions of Americans expressed their confusion to reporters Friday about a system of government in which a leader would resign after making a terrible decision. “Wait, so he made a really awful choice with far-reaching negative consequences and now he’s just stepping down to let someone else take over? What?” said Colorado Springs, CO resident Evan Austin, echoing the sentiments of citizens across the United States who were left struggling to understand why a democratically elected head of government would relinquish control simply because they had been shown to have made a spectacularly bad judgment call. “So he jeopardized the future of his country, and instead of spending the next several years remaining in power while trying to paper over his mistakes, he’s just gone? Where’s the part where he denies any wrongdoing or tries to blame somebody else? This is absolutely crazy.” The American public noted, however, that they completely understood the part where voters who had made a demonstrably terrible decision continued to double down on it.

Quote:

Originally Posted by krayzie (Post 2688458)

Meanwhile at the Bank of Japan

https://pbs.twimg.com/media/Cbk2bf7UkAIYklw.jpg

AbeNomics continues unabated.

https://49.media.tumblr.com/bcd6e5cb...fu3oo1_400.gif

Quote:

Originally Posted by shiumai (Post 2688444)

I'm looking forward to paying less for my British-made Cadbury flakes.

The problem is that Hershey have started suing companies who import British Cadbury's products. You are destined to eat bitter pieces of shit that carry the Cadbury name.

Time to buy that new Aston Martin Vanquish or Bentley Continental GT? lol...

Realistically though, maybe some Loake shoes. That said the Euro took a hit too, so Spanish and French ones got cheaper too.

[ame="https://www.youtube.com/watch?v=Re4aDJL3heA"]New Order - World In Motion [OFFICIAL MUSIC VIDEO] - YouTube[/ame]

Quote:

Originally Posted by UFO (Post 2688768)

The problem is that Hershey have started suing companies who import British Cadbury's products. You are destined to eat bitter pieces of shit that carry the Cadbury name.

So far it hasn't affected the smaller stores i buy from, but if it does, I'd just have to resort to getting them sent over (I have family in England). my tastebuds (i was born in England) already boycotted hershey's long before they started suing people.