Why is the Pound Sterling not weaker?

[colhonk]

A lot more than that I think.

 

[Brisel]

 

[texas pete]

Sadly I like this post, but 5 years of Corbyn will indeed be a huge disaster, even the French are pitching to UK companies warning of the chaos which will come for that reason. They should know enough about political chaos!

The ultimate irony.

Quite a sales pitch..."reside in France, for political stability"

Strong and stable Government eh?

 

[Highland Mule]

Perhaps Cowabunga should look up `ARTICLE 13`that the EU dictators are going to push through to law. It will be the end of free speach,you tube,this forum and every type of so called Democracy in Europe.

https://www.wired.co.uk/article/wha...ean-directive-on-copyright-explained-meme-ban
“The European Parliament has voted in favour of a controversial new copyright directive that could force tech giants to do much more to stop the spread of copyrighted material on their platforms.”

Damn that unelected European Parliament.

“Simply put, the Directive on Copyright places more responsibility on websites such as YouTube, Facebook and Twitter to make sure that copyrighted materially isn’t being illegaly shared on their platforms.“

Sounds reasonable.

 

[joe soapy]

Actually we make a heck of a lot of stuff. We made more cars in 2016/17 than any time in history for instance. There's a massive new engine factory recently opened off the M54 with its back to Wolverhampton. We currently have cars built by Mini, Land/Range Rover, Jaguar, Honda, Toyota, Vauxhall/Peugeot and Nissan and probably others too. Yes, Aston Martin, Rolls Royce and Bentley of course. Trains and planes too. Diggers to trucks. Chemicals to steelworks. Food to cosmetics.
We were doing rather well until the Brexit vote. A hard Brexit will see our industry, agriculture, obliterated before any other and the Pound, unless supported somehow, probably very expensively, will fall like a stone probably causing yet another recession. One that people actually want this time so they better not bitch about it when it happens which would be if this idiotic hard exit were to happen. Which it looks like it is, more and more with each passing day.

think you arse about face with that,, farming being a primary producer gains when the pound crashes

 

[Clive]

Watched the big short again the other night,a banking crisis is on its way again

its won't be banks this time - its will be the sub prime car market / other personal credit is my bet

but do agree an economic shitstorm is clearly on the way !


2008 was never fixed is the reality, it just got delayed another decade

 

[stewart]

think you arse about face with that,, farming being a primary producer gains when the pound crashes

Nobody gains, inputs increase along with outputs balance is zero.

 

[wasted years]

its won't be banks this time - its will be the sub prime car market / other personal credit is my bet

but do agree an economic shitstorm is clearly on the way !


2008 was never fixed is the reality, it just got delayed another decade

There will need to be unemployment for that to happen though, lack of labour seems to be the issue ATM not surplus.
I would go so far as to say that in N. Cumbria if you can't get a job you aren't employable.

 

[DaveGrohl]

its won't be banks this time - its will be the sub prime car market / other personal credit is my bet

but do agree an economic shitstorm is clearly on the way !


2008 was never fixed is the reality, it just got delayed another decade

+1 except for thinking the banks won't be involved again. The crisis will prob be worse this time around. Govts did everything in their power to avoid the clearout that should've happened. Hardly any of those responsible were held to account, there's been no disincentive as a result. The whole world just paused for breath and then headed back down the same road.

Predicting WHEN it will happen is a different matter.....

 

[joe soapy]

Nobody gains, inputs increase along with outputs balance is zero.

our farm is geared to output from its own resources, so any increase in price tends to be reflected by the bottom line

 

[Exfarmer]

+1 except for thinking the banks won't be involved again. The crisis will prob be worse this time around. Govts did everything in their power to avoid the clearout that should've happened. Hardly any of those responsible were held to account, there's been no disincentive as a result. The whole world just paused for breath and then headed back down the same road.

Predicting WHEN it will happen is a different matter.....

It would have been a bit rich for the government to take action against the banks when it was Gordon Brown who encouraged the huge increase in house prices, with the ensuing 120% mortgages. Profligate profit taking, and huge bonuses so he could take a huge amount of taxes. The real course of action should have been encouraging very low house inflation and the building of bank deposits.
But then what would he have had to go on his vast spending spree?

 

[joe soapy]

been looking at buy to let and running the numbers, looks very attractive just now

 

[Yale]

been looking at buy to let and running the numbers, looks very attractive just now

Until you have to deal with tennants.....

 

[Exfarmer]

Good tenants are worth their weight in gold, bad ones willcost you

 

[joe soapy]

Good tenants are worth their weight in gold, bad ones willcost you

as ever, its all to do with good info and good selection

 

[oil barron]

Thank god for the China tarriffs or we could have been looking at parity with the dollar

 

[ollie989898]

https://www.wired.co.uk/article/wha...ean-directive-on-copyright-explained-meme-ban
“The European Parliament has voted in favour of a controversial new copyright directive that could force tech giants to do much more to stop the spread of copyrighted material on their platforms.”

Damn that unelected European Parliament.

“Simply put, the Directive on Copyright places more responsibility on websites such as YouTube, Facebook and Twitter to make sure that copyrighted materially isn’t being illegaly shared on their platforms.“

Sounds reasonable.

Fudge that! It is an all out attack on the very intrinsic nature of the web.

 

[ollie989898]

The £ is down by over 20% compared to 3 years ago. Looking back at currency I bought 3 years ago the actual rate was 1.35; today you’d be lucky to get 1.05 I guess. That’s even more than 20%!

Yet it is higher now than it was in 2009.

If you want a definition of a shitstorm 2008 was it.

The UK is too big and important a consumer market with too many vested interested surrounding it. We go down they all go down with us.

 

[Martin Holden]

Yet it is higher now than it was in 2009.

If you want a definition of a shitstorm 2008 was it.

The UK is too big and important a consumer market with too many vested interested surrounding it. We go down they all go down with us.

Sure, 2008 was dreadful by any standards! It killed off (not always immediately) a lot of businesses.

 

[turbo]

Nobody gains, inputs increase along with outputs balance is zero.

If you’re buying as much as you are selling you must be doing something wrong