Thanks for your ideas.
Originally Posted by tdol
In fact my intention is:
I explain more about "folks", so NewHope has a better idea about this word.
tdol, I'm afirad you got me wrong. I didn't say "folks" in the context is definitely associated with custom and traditon. Rather the word is defined without particularly considering the context.
Also if you look at my definition carefully, I use "or". That means we don't need to satisfy all in order to use "folks". Anyway, it is just the usual meaning of "folks".
Regarding the context,
It does not just mean "people" and that's it:
- it does not really mean "people (in general)" here. Rather it is the readers/listeners who read/listen the passage/to the speaker.
- this again qualifies the definition that folks are from a particular group
- It can bring some friendly atmosphere. "Folks" is a good word to express this, not "people".
Anyway just my silly two cents.
Originally Posted by Casiopea
If you look at the sentence carefully, the first part is more to do with explaination of the meaning of "folks" in general . The second part is to more to do with explaination of the meaning of "folks" in the context :P
Simply "people" is insufficient to explain the word "folk". That's why I added more explanations (and sent my post). ^^
Wai Wai, here is the aritcle, but no link attached.
That's not all folks.
If the consensus view of Wednesday's Bank of England policy minutes is anything to go by, Britain's central bank has turned even more dovish, U.K. interest rates have just about peaked and the pound has only one way to go - down.
'We expect sterling to lose 10% in trade-weighted terms,' predicted Hans Redeker, currency strategist with BNP Paribas in London.
He echoed the overriding sentiment in the market that the pound is soon to lose the interest rate support that has kept it relatively firm for most of this year.
And if the International Monetary Fund is to be believed, the U.K. housing market also is cruising for a bruising, with real house prices set to fall over the next 18 months as previous interest rate rises hit home.
However, not everyone agrees that it is curtains for sterling just yet.
John Butler, U.K. economist at HSBC in London, argues that the Bank of England minutes are actually more hawkish than they first appear and with the bank still worried about 'unwelcome strength' in the household sector being rekindled, interest rates may be further from their peak than some think.
'The message is that everything is still to play for,' he said.
Certainly, the market had been expecting the minutes to be dovish. Economic data in recent weeks have continued to show house prices cooling down and even consumer behavior starting to respond.
As Redeker pointed out, real estate equity withdrawals that contributed 6% to disposable income last year are hardly likely to be repeated this year because of reduced real estate price expectations.
'With the savings ratio already at low levels it means that a decline in disposable incomes should translate directly into lower consumption expenditure,' he said.
With Stephen Nickell, a member of the monetary policy committee, also hinting strongly in an interview last week that rates are near their peak it isn't surprising the market was only too keen to take the sterling minutes at face value.
Why no link is provided?
I would like to know where this article from.
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