Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

U K Economy So Bad It Should "turn You Pale"

Recommended Posts

http://www.bloomberg.com/news/2011-01-28/u-k-pound-may-fall-toward-four-month-low-on-bollinger-technical-analysis.html

U.K. Pound May Fall Toward Four-Month Low on Bollinger: Technical Analysis
.../
“Speculation of a rate increase has driven the pound to the $1.60 level,” Okada said in Tokyo. “If you look at the consumer-price index, the pound may be a buy, but if you look at the
U.K. economy, it’s bad enough to make you turn pale
.”

So far, nothing has dented Sterling, GDP drop, housing market drop, rising unemployment and confidence vote from IMF who are NOT making any noises about lowering our AAA forecast. Could we be getting close to another big sell off in the pound?

Edited by Realistbear

Share this post


Link to post
Share on other sites

Odd isn't it, with the recent GDP figures commentators are saying "we're going to have to wait longer for rate rises now".. and at the same time the markets are factoring in a rate rise very soon.

Share this post


Link to post
Share on other sites

It is because the recovery is choppy!

Seriously though the Gov are talking about rebalancing to exports and investment. Truth is it was bad through the Blair /Brown years but masked by the public sector growth, and finance boom!

Share this post


Link to post
Share on other sites

It is because the recovery is choppy!

Seriously though the Gov are talking about rebalancing to exports and investment. Truth is it was bad through the Blair /Brown years but masked by the public sector growth, and finance boom!

.....yes, a top heavy economy. ;)

Share this post


Link to post
Share on other sites

So far, nothing has dented Sterling, GDP drop, housing market drop, rising unemployment and confidence vote from IMF who are NOT making any noises about lowering our AAA forecast. Could we be getting close to another big sell off in the pound?

Eh..?

Wasn't it at £1 = $2 when this crisis first kicked off..

The pound has already had a pretty good kicking, and when you look at what's happening in the US / Europe it's not very much rosier.

Moody's have just threatened to downgrade the US again today (Linky)

The Spanish bank bailout wasn't quite the event some were hoping..

All as bad as each other

Edited by libspero

Share this post


Link to post
Share on other sites

http://www.bloomberg.com/news/2011-01-28/u-k-pound-may-fall-toward-four-month-low-on-bollinger-technical-analysis.html

U.K. Pound May Fall Toward Four-Month Low on Bollinger: Technical Analysis
.../
“Speculation of a rate increase has driven the pound to the $1.60 level,” Okada said in Tokyo. “If you look at the consumer-price index, the pound may be a buy, but if you look at the
U.K. economy, it’s bad enough to make you turn pale
.”

So far, nothing has dented Sterling, GDP drop, housing market drop, rising unemployment and confidence vote from IMF who are NOT making any noises about lowering our AAA forecast. Could we be getting close to another big sell off in the pound?

:lol::lol::lol::lol:

Share this post


Link to post
Share on other sites

http://www.bloomberg.com/news/2011-01-28/u-k-pound-may-fall-toward-four-month-low-on-bollinger-technical-analysis.html

U.K. Pound May Fall Toward Four-Month Low on Bollinger: Technical Analysis
.../
“Speculation of a rate increase has driven the pound to the $1.60 level,” Okada said in Tokyo. “If you look at the consumer-price index, the pound may be a buy, but if you look at the
U.K. economy, it’s bad enough to make you turn pale
.”

So far, nothing has dented Sterling, GDP drop, housing market drop, rising unemployment and confidence vote from IMF who are NOT making any noises about lowering our AAA forecast. Could we be getting close to another big sell off in the pound?

Sorry RB..but the only thing that has dented Sterling so far has been Merv and his merry men.

Share this post


Link to post
Share on other sites

Because we use fiat money? Which is backed by force..

Which means they can increase the rate of return on their slaves by cracking the whip harder and harder.

In nations like Japan and CHina they can't crack the whip harder as people are quite literally dying at their work stations. In the UK how many % of the population die at the workd stations? In Japan and Korea it is rumoured to be about the same as the suicide rate but the government covers it up. Thats 26 per 100,000 people the UK peaked at 16.8 after the great crash of the 1990s.

Share this post


Link to post
Share on other sites

http://www.bloomberg.com/news/2011-01-28/u-k-pound-may-fall-toward-four-month-low-on-bollinger-technical-analysis.html

U.K. Pound May Fall Toward Four-Month Low on Bollinger: Technical Analysis
.../
“Speculation of a rate increase has driven the pound to the $1.60 level,” Okada said in Tokyo. “If you look at the consumer-price index, the pound may be a buy, but if you look at the
U.K. economy, it’s bad enough to make you turn pale
.”

So far, nothing has dented Sterling, GDP drop, housing market drop, rising unemployment and confidence vote from IMF who are NOT making any noises about lowering our AAA forecast. Could we be getting close to another big sell off in the pound?

The £ is only at $1.60 because the $ is tanking too. No confidence in either. The yanks seem happy to let the $ fall, but their economy has better prospects than ours. I wouldn't want to hold either.

Share this post


Link to post
Share on other sites

Eh..?

Wasn't it at £1 = $2 when this crisis first kicked off..

The pound has already had a pretty good kicking, and when you look at what's happening in the US / Europe it's not very much rosier.

Moody's have just threatened to downgrade the US again today (Linky)

The Spanish bank bailout wasn't quite the event some were hoping..

All as bad as each other

No one is talking about a downgrade for the UK. Pound was near parity to the Euro last year and is now around 1.17. Sterling was in the 1.40's to the dollar last May and is now close to 1.60. It has had a stellar year against these two at a time when the fundamentals (slowing GDP, rising unemployment, sinking house market, rising deficit, deteriorating trade balance) were going negative.

Sterling was 2.13 around 3 years ago but that was based on the Brown miracle which was still going at that time.

Share this post


Link to post
Share on other sites

http://www.bloomberg.com/news/2011-01-28/u-k-pound-may-fall-toward-four-month-low-on-bollinger-technical-analysis.html

U.K. Pound May Fall Toward Four-Month Low on Bollinger: Technical Analysis
.../
“Speculation of a rate increase has driven the pound to the $1.60 level,” Okada said in Tokyo. “If you look at the consumer-price index, the pound may be a buy, but if you look at the
U.K. economy, it’s bad enough to make you turn pale
.”

So far, nothing has dented Sterling, GDP drop, housing market drop, rising unemployment and confidence vote from IMF who are NOT making any noises about lowering our AAA forecast. Could we be getting close to another big sell off in the pound?

One by one the markets are breaking away from economic reality.

Share this post


Link to post
Share on other sites

....inflating deliberately.... <_<

If you look at David Blanchflower stance - unemployment is more painful than inflation, then you know what BoE is thinking.

BoE is trying to do more than what a bank should do - ensure that its IOU is good, rather than trying to manipulating the economy/asset prices.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.