Originally posted by TonyEnglish
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But I don't know what.
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Its something to do with our 10% real unemployment rate, poor educational standards, lack of manufacturing industry relative to our competitors and poor leadership.
But I don't know what.Hard Brexit now!
#prayfornodeal -
“The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”Comment
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The Pound is rising as a the consequence of the CUK Soothsayers comments yesterday that the pound was on its last legs - whatever the CUK Soothsayers specualate about the money housing or job markets - you can bet that exactly the opposite will happen.
Who posted that non-sense about house prices are set to pkunge a few days ago ?
And that wonderful prediction that the US was going to collapse in September ???!!!
!
Last edited by AlfredJPruffock; 15 October 2009, 12:05.Comment
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It's all to do with Big Mac's
http://www.telegraph.co.uk/finance/c...ty-gather.html
But right now sterling is fairly valued against both the dollar and the euro, any measure of purchasing power parity will show that. Take The Economist magazine's popular Big Mac Index. In the US the globally ubiquitous burger costs $3.57. Here it's £2.29 implying a pound/dollar exchange rate of 1.56. The actual exchange rate yesterday was 1.59 so we are within a gherkin sliver of fair value.
Go to Paris and you'd pay 3.31 euros for a Big Mac implying a euro/dollar exchange rate of 1.08 compared to the actual rate of 1.48 which shows the euro is overvalued against the dollar by 37pc – a Whopper of a premium some might say.
That's a big part of the euro/sterling story too: overvaluation of the euro rather than an undervaluation of the pound.
I'll have large fries with mine please.
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Actually that's burger king not Mac D!Originally posted by DimPrawn View PostIt's all to do with Big Mac's
http://www.telegraph.co.uk/finance/c...ty-gather.html
But right now sterling is fairly valued against both the dollar and the euro, any measure of purchasing power parity will show that. Take The Economist magazine's popular Big Mac Index. In the US the globally ubiquitous burger costs $3.57. Here it's £2.29 implying a pound/dollar exchange rate of 1.56. The actual exchange rate yesterday was 1.59 so we are within a gherkin sliver of fair value.
Go to Paris and you'd pay 3.31 euros for a Big Mac implying a euro/dollar exchange rate of 1.08 compared to the actual rate of 1.48 which shows the euro is overvalued against the dollar by 37pc – a Whopper of a premium some might say.
That's a big part of the euro/sterling story too: overvaluation of the euro rather than an undervaluation of the pound.
I'll have large fries with mine please.Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1!Comment
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How do you tell if a Scotsman is a MacDonald?Originally posted by sasguru View Post
Lift his kilt and see if he has a quarter pounder.Comment
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Is Big Mac something to do with Snow Leopeards ?
Anyway - Apples will grow again.Comment
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Lloyds short-selling doubles as traders predict share collapse
http://www.telegraph.co.uk/finance/n...-collapse.html
Could this one event trigger a tsunami? 19th October is a good day for a crash......Comment
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