Watch the British Pound collapse

islam stinks said:
Yes because only "smart" people like you should be able to.

What is sad is that you really don't get how prejudiced and elitist you sound right now.

People ask for Voter ID and you cry like a baby. Don't get the result you want and all of a sudden you are ready to bring back Jim Crow and poll taxes.
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Oh, you're sad?

Your tears nourish me. I'm using them for my jacuzzi.
 
tsuke said:
so... the only barometer you have is that the value of the pound dropped.

If Britain wants to have good trade deals and investments (or tourism) from the rest of the world a low pound is a good thing!
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How does it help their trade deals? A weak pound indicates that Britain is a bad investment not a good one.

The only thing you are right about here is the tourism. So if they want overweight Americans in their patriotic jumpsuits to visit then a weak pound is good and if they want to be able buy the things they need to live it's a bad thing. Wheels keep on spinning round...
 
Hasa Diga Eebowai said:
How does it help their trade deals? A weak pound indicates that Britain is a bad investment not a good one.

The only thing you are right about here is the tourism. So if they want overweight Americans in their patriotic jumpsuits to visit then a weak pound is good and if they want to be able buy the things they need to live it's a bad thing. Wheels keep on spinning round...
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actually lower pound price means that you can set up factories cheaper and can pay workers less vis a vis your currency.

Also it only means "bad investment" if the low pound price is there over a period of time. That shows structural defieciency. If its a one day drop then partial recovery then its like speculative stocks. They go up and down when people dump and buy. Like this everyone panic dumped the pound yesterday and the investors are picking it back up it will settle over time and thats when you will see its value as an investment.
 
Hasa Diga Eebowai said:
How does it help their trade deals? A weak pound indicates that Britain is a bad investment not a good one.

The only thing you are right about here is the tourism. So if they want overweight Americans in their patriotic jumpsuits to visit then a weak pound is good and if they want to be able buy the things they need to live it's a bad thing. Wheels keep on spinning round...
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Were you saying that when you could get 2 dollars to the pound a few years back?
 
tsuke said:
actually lower pound price means that you can set up factories cheaper and can pay workers less vis a vis your currency.

Also it only means "bad investment" if the low pound price is there over a period of time. That shows structural defieciency. If its a one day drop then partial recovery then its like speculative stocks. They go up and down when people dump and buy. Like this everyone panic dumped the pound yesterday and the investors are picking it back up it will settle over time and thats when you will see its value as an investment.
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And it means your product is going to be worth less. You certainly could stretch your foreign currency to buy more capital and labor, but your return is going to be in that weak currency. A weak pound makes them a bad investment.
 
moon2012 said:
The expression of the sick at heart. Your life must have been desolate, old chap.
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I heard he had to go to Bangkok and find a bar girl to marry. Apparently no English women would give him the time of day.

Now the Farang is stuck paying her family their monthly stipend in devalued pounds.
 
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