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SKA news - now in Wall Street Journal!
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Who da man? You da man!McCoy: "Medical men are trained in logic."
Spock: "Trained? Judging from you, I would have guessed it was trial and error."Comment
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Well done Alexei.
However on the question the article attempts to address, I think this is the key:
U.K. businesses seem to have been maximizing their margins on overseas sales rather than using the pound's depreciation to increase market share. But one thing could potentially lead to another.
"If they've been concentrating on margin, then they've been strengthening their companies, which means that they will be in better shape to grow their markets," said Jerry Blackett, chief executive of the Birmingham Chamber of Commerce.
I've seen the same here in Switzerland BTW. As the Swiss Franc has risen against the Euro we are getting "Euro special offers", but that often amounts to only 5 cents off the price of a German beer rather than the full percentage; the retailers are increasing their margins.
The real reason that everyone isdevaluingusing quantitative easing is that the Chinese refuse to raise the value of their currency.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by Sysman View PostThe real reason that everyone isdevaluingusing quantitative easing is that the Chinese refuse to raise the value of their currency.
These printed money no longer get recycled in debt, so they go into commodity markets, that's why oil is back to nearly $100 per barrel, metals way up again, food too etc.
But never mind all this - it's deflation that's the problem apparently!Comment
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Well done Alexi, this time next year son we'll all be millionaires.
"I hope Celtic realise that, if their team is good enough, they will win. If they're not good enough, they'll not win - and they can't look at anybody else, whether it is referees or any other influence." - Walter Smith
On them! On them! They fail!Comment
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