Tuesday, Mar 18, 2008
House prices have lost 12% since February 2006, just due to the currency
ThisIsMoney: Sterling's big slide may not be over yet
Sheltering behind the dollar is another troubled currency, the pound, and the fall in sterling, though largely unnoticed by the man in the street, is in many ways as dramatic as anything that is happening to the dollar
Posted by confused76 @ 08:36 PM (443 views) Add Comment
3 Comments
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1. bystander said...
Why is this not being highlighted by the mainstream media......not one mention of the dire position of the pound on the BBC at all today, but a weak pound will create hyperinflation for a country that imports almost everything. Perhaps this is what Crash and his merry men/ women/ vertically challenged/ folically challenged and whatever else, are looking for, to encourage manufacture, after years of allowing British firms to go bust or large foreign companies to take their business to cheaper, more accomadating countries in Eastern Europe. If this extremely dangerous plan works and the UK somehow becomes a manufacturing nation again, then the pound will rise again................but a more sinister theory, bandied around on this site, is that Crash is orchestrating this fall so that we are forced to become Eurofied. Unless a suitable final exchange rate is predetermined then the UK will suddenly find inflation at 25 - 30% (but thats OK interest rates will be at 0% (libor will be at 9% however), as we will be paying European prices, but without the European salaries. Happy days.....no more boom ore bust....no just bust.
2. japanese uncle said...
Fools and democracy will soon be parted.
Fools without reasonable anger and democracy will be parted even sooner.
I was edcuated back in Japan decades ago that Britons are the farthest from being conformist, which proved spectacularly wrong. IMHO this nation is almost as tamed and stupid and gutless as my compatriots.
If euro is introduced and prices are doubled as experienced by the nations on the continent, I will have sadly to leave this country, as my livelihood will no longer be sustainable.
3. stillthinking said...
I'm not tamed or gutless.