When the £ was heading towards parity there were lots of gleeful posts

[sasguru]

. Much much worse is still to come

From everywhere. I expect a yo-yo (TM) exchange rate

[PM-Junkie]

From everywhere. I expect a yo-yo (TM) exchange rate

Its all down to who can screw their economy up the most and the quickest. To be sure, with the muppets we have at the helm we don't/won't be too badly on that score. But we don't suffer from several disparate and diverging economies like the Eurozone does, and that was always going to be a threat as soon as there was a downturn.

And I fully expect the dollar to suffer once they get past the inauguration of Embalmer.

That said though, we are the only ones who have the handicap of the snot goblin and his side kick.

[OwlHoot]

.. At least here in the UK we're not in denial.

No, we're in de tulip

(IGMC)

[Cyberman]

As I've said many times, thank heavens we are not in the Euro. We have the tools to help our economy. Our main problem is the profligate, dangerous workmen who have no idea of when and how these tools should be used.

[Solidec]

What I dont think anyone has factored in is that we have never had near zero interest rates, inflation above 4% and quantitative easing together in this country. If that isnt a recipe for hyperinflation, I don't know what is.

Considering how much we rely on imports, is noone else as terrified as I am that once even a hint of inflation is recognized, its going to snowball very hard and VERY FAST?

[sasguru]

What I dont think anyone has factored in is that we have never had near zero interest rates, inflation above 4% and quantitative easing together in this country. If that isnt a recipe for hyperinflation, I don't know what is.

Considering how much we rely on imports, is noone else as terrified as I am that once even a hint of inflation is recognized, its going to snowball very hard and VERY FAST?

Yes I had similar thoughts. Time will tell.

[DiscoStu]

What I dont think anyone has factored in is that we have never had near zero interest rates, inflation above 4% and quantitative easing together in this country. If that isnt a recipe for hyperinflation, I don't know what is.

Considering how much we rely on imports, is noone else as terrified as I am that once even a hint of inflation is recognized, its going to snowball very hard and VERY FAST?

Nope, because my remaining credit card debts will be wiped out in a flash

[MPwannadecentincome]

What I dont think anyone has factored in is that we have never had near zero interest rates, inflation above 4% and quantitative easing together in this country. If that isnt a recipe for hyperinflation, I don't know what is.

Considering how much we rely on imports, is noone else as terrified as I am that once even a hint of inflation is recognized, its going to snowball very hard and VERY FAST?

hyperinflation - is that what the makes my mortgate tiny so when I invoice in Euros at some point I can pay off the whole mortgage from the net proceeds of that one invoice?

[Solidec]

hyperinflation - is that what the makes my mortgate tiny so when I invoice in Euros at some point I can pay off the whole mortgage from the net proceeds of that one invoice?

Guess this whole mess really depends on what side of the fence you are on.

Borrowed to the hilt with massive debts on one side. (Profligate or just bandwagoners)

Plenty of cash savings in Sterlind accounts on the other. (Prudent or too idealistic?)

Life isnt fair etc.

[Cyberman]

Does anybody seriously believe that New Lie can do any more damage to the economy ? Bring on hyperinflation. This will give them experience for when they are next in power.