Gbp

[d000hg]

Why would GBP gain if UK's debt ratio is worse than Greece and there is nobody out there to bail UK out?

Oh be quiet. UK is not in worse shape than Greece. Stop using terms like "debt ratio" without understanding them just because you read it on a newspaper headline.

[suityou01]

Oh be quiet. UK is not in worse shape than Greece. Stop using terms like "debt ratio" without understanding them just because you read it on a newspaper headline.

WHS

To be honest the real ratio to be concerned about is GDP to PRIVATE debt. This is the best indicator of how deeply mired a country is.

[Gonzo]

Woah! Look at GBP plummet.

[Gonzo]

Sorry, my bad.

I had the chart on a sensitive scale so it went down from $1.4825 to $1.4820.

Sorry.

[d000hg]

Sorry, my bad.

I had the chart on a sensitive scale so it went down from $1.4825 to $1.4820.

Sorry.

That's all well and good but XE.com is reporting it at $1.43.


Actually, it just dipped into the 1.42s.

[TimberWolf]

Sorry, my bad.

I had the chart on a sensitive scale so it went down from $1.4825 to $1.4820.

Sorry.

It should be around $1.429 to the £.

[Gonzo]

It should be around $1.429 to the £.

Yes, that was my number blindness.

$1.4284 right now.

[sasguru]

WHS

To be honest the real ratio to be concerned about is GDP to PRIVATE debt. This is the best indicator of how deeply mired a country is.

Oh really? Do expand oh great financial genius....

[fullyautomatix]

WHS

To be honest the real ratio to be concerned about is GDP to PRIVATE debt. This is the best indicator of how deeply mired a country is.

Tell me how this will influence the downward spiral of GBP relative to USD and other currencies.

[suityou01]

Oh really? Do expand oh great financial genius....

Happy to. Pen and paper at the ready? Then I'll begin.

Corporates can shrug off debt by restructuring, writing down, going bust, phoenixing. There are numerous ways a corporate can wriggle off the hook.

Private debt OTH is a completely different kettle of fish. If you are a homeowner and you owe money, you cannot claim limited liability for instance. This is why PRIVATE debt to GDP is a more accurate litmus test.

Got it? Nah, thought not.