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Reverse Swing Greatest exponent
Registered: Apr 2012 Posts: 3370 - Threads: 69 Location: Lord's
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Quote:
| GMReq. wrote on 17-10-2016 05:09 PM
Quote:
| Reverse Swing wrote on 14-10-2016 04:47 PM
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| Coops wrote on 13-10-2016 11:59 PM
Still got your head in the sand even though the pound has crashed to a 30 year low?
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Just goes to show how clued up the masses are.
Pound is not our currency, it is Sterling.
As for a lower Sterling, it was needed, the Sterling was overvalued anyway!
And to the people who weep about inflation, there are other factors which drive up inflation, mainly ENERGY costs such as Oil and Gas. Oh not to mention higher inflation means your debt is valued less!
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The golden ratio was breached.
£435 Billion of QE here in the UK and over the pond. I would not be surprised if notes are being printed in Isreal.
If there is one thing that is useful, it is the ability to depreciate currency. The jockeys on the stock market want to hype the profits and it does come at he detriment to the person who looks for stability.
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It's true that a weak currency will raise the cost of imports, and pump the FTSE 100, but the fact is, that every developed economy in the world is struggling to create inflation - Amreeka, EU, UK, and Japan - but now is the first time in a decade where inflation will be a certainty in a Western economy. Moreover, a weak currency will boost our exports thus increase manufacturing in the UK.
The real issue here is twofold - wages may not increase with the rate of inflation, and of course, if inflation heads towards 2%+ then the BoE will need to consider raising interest rates - kaboom.
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18-10-2016 09:34 AM |
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Private1
Registered: Aug 2002 Posts: 40942 - Threads: 1198 Location: London
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Quote:
| Reverse Swing wrote on 18-10-2016 10:34 AM
It's true that a weak currency will raise the cost of imports, and pump the FTSE 100, but the fact is, that every developed economy in the world is struggling to create inflation - Amreeka, EU, UK, and Japan - but now is the first time in a decade where inflation will be a certainty in a Western economy. Moreover, a weak currency will boost our exports thus increase manufacturing in the UK.
The real issue here is twofold - wages may not increase with the rate of inflation, and of course, if inflation heads towards 2%+ then the BoE will need to consider raising interest rates - kaboom.
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Savers are taking a hit as well.
British savers in crisis: Nest-eggs shrink as inflation rises to highest level in two years and is set to take off
Buy Gold?
There was a man in front of me in the queue in tesco's buying condoms.
When the cashier asked if he needed a bag, he said "No, she isn't that ugly"
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18-10-2016 10:34 AM |
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