Europe on the brink of currency crisis meltdown

[HairyArsedBloke]

As long as pound drops against dollar it's okay by me.

Suits me find too - I earn in dollars.

Why do you want the pound to drop?

[AtW]

When did commodities start to drop? When the dollar started to strengthen.

Dollar did not become 2-3 times stronger compared to start of the year, nickel for example dropped almost 3 times in a year: http://www.kitcometals.com/charts/ni...cal_large.html

This means that while dollar strength that has been kicking in in the last few months probably helps the downwards trends of this and other commodities (but probably not all), however the drops in their value are much higher than increase in strength of dollar - basically speculative bubble supported in big part by hedge funds is deflating and this is the main reason for commodities other than oil to drop, the latter is helped by what seems to be now unlikely strike on Iran with Bush in power, though I think it might happen next year anyway but oil market might be okay at the time.

[Central-Scrutiniser]

Observatory Report UK Politics

Darling also said that the Royal Bank of Scotland survival had been due to the strength of the UK, and the events of the last few weeks had now left the case for Scottish independence "in tatters".

The International Economic crises presents a boon to the Government - to be re-elected they must first crush the challenge from their power bastion in Scotland now challenged by the SNP .

Next - to alienate Tory voters from Cameron by New Labour Leader Brown's repeated statments that the crises originates from America and fear of a novice Torys Government faliure to cope duirng a period of Global Economic Turmoil.

[TimberWolf]

Latest shock news: Brown says the banking crisis would never had happened if the whole world had just listened to him all along.

[HairyArsedBloke]

Latest shock news: Brown says the banking crisis would never had happened if the whole world had just listened to him all along.

Atw

[TimberWolf]

Atw

LONDON (AFP) — British Prime Minister Gordon Brown on Sunday vented his anger that other countries ignored his plan for averting global financial crises.

http://afp.google.com/article/ALeqM5...LBXsAs2RQ0roRQ

[Francko]

Suits me find too - I earn in dollars.

Why do you want the pound to drop?

You haven't made him aware of the worst effect of the pound losing value. Squirrels will move away from Uk to countries with a more stable currency.

[Cyberman]

No return to boom and bust !!

[DiscoStu]

No return to boom and bust !!

Can someone change that stuck record?

[BlasterBates]

the pound under continued pressure

..as it drops another percentage point.