I'm With Stupid
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It's cover for giving huge tax cuts to those at the top.
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Inflation - when is this going to end?
- Thread starter Johnny Mars Bar
- Start date
SebastianBlue
President, International Julian Alvarez Fan Club
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Only likely to get more insane from here, unfortunately.Fucking hell, its close to parity !!
1 Pound Sterling =
1.05 US Dollar
That's insane.
Bill Walker
Well-Known Member
Why is the pound so weak do you think ?Only likely to get more insane from here, unfortunately.
Even the Aus$ is worth 62 pence. In 1999 I transferred some pounds to Aus $ and got 3 dollars to every pound, so it was worth 33 pence.
Thats a massive change.
I'm With Stupid
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Holy shit, I'm due to pay my university fees before the end of the week from my Malaysian bank account. I feel like I should pay in installments because by the time the second installment is due, the pound will be so low, I'll pretty much be getting a free degree.Fucking hell, its close to parity !!
1 Pound Sterling =
1.05 US Dollar
That's insane.
SebastianBlue
President, International Julian Alvarez Fan Club
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Many factors, but the biggest currently are:Why is the pound so weak do you think ?
Even the Aus$ is worth 62 pence. In 1999 I transferred some pounds to Aus $ and got 3 dollars to every pound, so it was worth 33 pence.
Thats a massive change.
1) Brexit chaos
2) War in Ukraine
3) General Inflationary Pressures
And the recent catalyst: Trickle-Down Tax Cuts (which the markets know are nonsensical and destructive to the economy; and there is some evidence that backers of the Truss government shorted the pound right before the cuts were announced).
I'm With Stupid
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Well number 2 and 3 also apply to most other European countries, so they can't be considered a reason for the pound tanking in comparison to the Euro or dollar.Many factors, but the biggest currently are:
1) Brexit chaos
2) War in Ukraine
3) General Inflationary Pressures
And the recent catalyst: Trickle-Down Tax Cuts (which the markets know are nonsensical and destructive to the economy)
SebastianBlue
President, International Julian Alvarez Fan Club
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They can be included in the many reasons. Just because they are causing issues with other currencies doesn’t mean they aren’t also causing issues with the pound.Well number 2 and 3 also apply to most other European countries, so they can't be considered a reason for the pound tanking in comparison to the Euro or dollar.
These sort of FX devaluations relative to other reserve currencies are almost never down to single factors.
Bill Walker
Well-Known Member
Used to like the Free Degrees..Holy shit, I'm due to pay my university fees before the end of the week from my Malaysian bank account. I feel like I should pay in installments because by the time the second installment is due, the pound will be so low, I'll pretty much be getting a free degree.
"When will I see you again...when will we share precious moments"
THE UK is done, bankrupt.Why is the pound so weak do you think ?
Even the Aus$ is worth 62 pence. In 1999 I transferred some pounds to Aus $ and got 3 dollars to every pound, so it was worth 33 pence.
Thats a massive change.
Brexit was the final straw, telling your nearest and dearest neighbors to *uck off, incredible and so very wrong.
gordondaviesmoustache
Well-Known Member
People will look back in a generation and be truly amazed at our arrogance, stupidity and hubris.THE UK is done, bankrupt.
Brexit was the final straw, telling your nearest and dearest neighbors to *uck off, incredible and so very wrong.
We had it and we fucking blew it, basically.