Skewered

[nostradamus]

[quote=coxapple]I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.[/quote]
The housing slump in SD is going to catch up with your UK losses, don’t worry. The stock market just works quicker.

Give us some schadenfreude we can chew on!

[barnaby33]

I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

I know its hard to imagine, but as this unravels you are going to see that many banks in Europe were FAR more leveraged than the US. The City competed over the last 20 years with Wall St by offering even more aggressive products. If Gordon Brown does end up going through with bank nationalization, the pound is really screwed. We could see parity or worse.

Just remember the deflation is global, the reflation is global and so currency debasement is relative. People running from the dollar have to run to something that isn’t being inflated even worse. Once the actual inflation makes it out from behind bank walls and people see the inflation, or we get enough inflation to counter the current deflation, get the fuck out of paper currencies. For now however its deflation ahoy!
Josh

[barnaby33]

I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

I know its hard to imagine, but as this unravels you are going to see that many banks in Europe were FAR more leveraged than the US. The City competed over the last 20 years with Wall St by offering even more aggressive products. If Gordon Brown does end up going through with bank nationalization, the pound is really screwed. We could see parity or worse.

Just remember the deflation is global, the reflation is global and so currency debasement is relative. People running from the dollar have to run to something that isn’t being inflated even worse. Once the actual inflation makes it out from behind bank walls and people see the inflation, or we get enough inflation to counter the current deflation, get the fuck out of paper currencies. For now however its deflation ahoy!
Josh

[barnaby33]

I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

I know its hard to imagine, but as this unravels you are going to see that many banks in Europe were FAR more leveraged than the US. The City competed over the last 20 years with Wall St by offering even more aggressive products. If Gordon Brown does end up going through with bank nationalization, the pound is really screwed. We could see parity or worse.

Just remember the deflation is global, the reflation is global and so currency debasement is relative. People running from the dollar have to run to something that isn’t being inflated even worse. Once the actual inflation makes it out from behind bank walls and people see the inflation, or we get enough inflation to counter the current deflation, get the fuck out of paper currencies. For now however its deflation ahoy!
Josh

[barnaby33]

I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

I know its hard to imagine, but as this unravels you are going to see that many banks in Europe were FAR more leveraged than the US. The City competed over the last 20 years with Wall St by offering even more aggressive products. If Gordon Brown does end up going through with bank nationalization, the pound is really screwed. We could see parity or worse.

Just remember the deflation is global, the reflation is global and so currency debasement is relative. People running from the dollar have to run to something that isn’t being inflated even worse. Once the actual inflation makes it out from behind bank walls and people see the inflation, or we get enough inflation to counter the current deflation, get the fuck out of paper currencies. For now however its deflation ahoy!
Josh

[barnaby33]

I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

I know its hard to imagine, but as this unravels you are going to see that many banks in Europe were FAR more leveraged than the US. The City competed over the last 20 years with Wall St by offering even more aggressive products. If Gordon Brown does end up going through with bank nationalization, the pound is really screwed. We could see parity or worse.

Just remember the deflation is global, the reflation is global and so currency debasement is relative. People running from the dollar have to run to something that isn’t being inflated even worse. Once the actual inflation makes it out from behind bank walls and people see the inflation, or we get enough inflation to counter the current deflation, get the fuck out of paper currencies. For now however its deflation ahoy!
Josh

[patientlywaiting]

[quote=barnaby33]I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

[/quote]

What does the UK produce that anybody wants?

The City on the Thames benefited from all the oil money as the Arabs, and the Russians, after 9/11, invested via London.

Now that the oil wealth is evaporating and the Middle Eastern countries have budget deficits, I don’t see London rising anytime soon.

As 9/11 becomes of a memory, oil money can again flow directly to New York and to the new money centers in the world (Dubai, Singapore, Shanghai, etc..)

It would be ironic if the UK end up having to beg to join the Euro zone.

[patientlywaiting]

[quote=barnaby33]I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

[/quote]

What does the UK produce that anybody wants?

The City on the Thames benefited from all the oil money as the Arabs, and the Russians, after 9/11, invested via London.

Now that the oil wealth is evaporating and the Middle Eastern countries have budget deficits, I don’t see London rising anytime soon.

As 9/11 becomes of a memory, oil money can again flow directly to New York and to the new money centers in the world (Dubai, Singapore, Shanghai, etc..)

It would be ironic if the UK end up having to beg to join the Euro zone.

[patientlywaiting]

[quote=barnaby33]I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

[/quote]

What does the UK produce that anybody wants?

The City on the Thames benefited from all the oil money as the Arabs, and the Russians, after 9/11, invested via London.

Now that the oil wealth is evaporating and the Middle Eastern countries have budget deficits, I don’t see London rising anytime soon.

As 9/11 becomes of a memory, oil money can again flow directly to New York and to the new money centers in the world (Dubai, Singapore, Shanghai, etc..)

It would be ironic if the UK end up having to beg to join the Euro zone.

[patientlywaiting]

[quote=barnaby33]I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

[/quote]

What does the UK produce that anybody wants?

The City on the Thames benefited from all the oil money as the Arabs, and the Russians, after 9/11, invested via London.

Now that the oil wealth is evaporating and the Middle Eastern countries have budget deficits, I don’t see London rising anytime soon.

As 9/11 becomes of a memory, oil money can again flow directly to New York and to the new money centers in the world (Dubai, Singapore, Shanghai, etc..)

It would be ironic if the UK end up having to beg to join the Euro zone.

[patientlywaiting]

[quote=barnaby33]I wouldn’t bet on the pound rising much soon, at least not in any long term or structural sense. England’s banking problem is almost as immense as Iceland’s. Its a small country, relative to the size of its banking industry. Its currency isn’t a reserve and its banks took even more risks than US banks.

[/quote]

What does the UK produce that anybody wants?

The City on the Thames benefited from all the oil money as the Arabs, and the Russians, after 9/11, invested via London.

Now that the oil wealth is evaporating and the Middle Eastern countries have budget deficits, I don’t see London rising anytime soon.

As 9/11 becomes of a memory, oil money can again flow directly to New York and to the new money centers in the world (Dubai, Singapore, Shanghai, etc..)

It would be ironic if the UK end up having to beg to join the Euro zone.

[peterb]

It wont be long before they’ll be calling it the “Pounded”. Talk about a currency in trouble!!

[peterb]

It wont be long before they’ll be calling it the “Pounded”. Talk about a currency in trouble!!

[peterb]

It wont be long before they’ll be calling it the “Pounded”. Talk about a currency in trouble!!

[peterb]

It wont be long before they’ll be calling it the “Pounded”. Talk about a currency in trouble!!

[Author]

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