SKA news - now in Wall Street Journal!

[Halo Jones]

[lilelvis2000]

Who da man? You da man!

[Pondlife]

Nice one.

[milanbenes]

Congrats Alexey

Milan.

[Sysman]

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.e. the cheaper pound isn't boosting exports because the prices being charged abroad haven't reduced.

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 is devaluing using quantitative easing is that the Chinese refuse to raise the value of their currency.

[AtW]

The real reason that everyone is devaluing using quantitative easing is that the Chinese refuse to raise the value of their currency.

No, it's not the real reason. The real reason is that Govt print money because they have nearly reached the end of the road for debt they used as driver for growth in the last few decades, this means debt can't be refinanced as rich people like Chinese no longer want to buy tulip paper.

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!

[Incognito]

Well done Alexi, this time next year son we'll all be millionaires.