Reply to: British/US stimulus to the economy is being over-done

[Doggy Styles]

Imbecile? Sounds totally French to me, not Teutonic.

Probably, but I always picture an imaginary German general saying it to one of his minions in the second world war.

[PM-Junkie]

My suspicion is that the currency turmoil, at least, will be temporary. Though whether it is temporary, and how temporary it will be depends on finding a politician with the balls to put economic demands ahead of his/her ego. So perhaps not very likely!

Clearly, with our level of indebtedness interest rates will stabilise at a much higher level after about 18 months. I reckon somewhere between 6% and 8%. Assuming the economy is rebuilding by then (big assumption), the pound will be appealing to currency traders, so the value will go up.

However, unless the pointy-heads in charge admit that our national debt is 103% of GDP instead of 45% (they discount public sector pensions and PFI demands....a bit like claiming your personal debt doesn't include your mortgage and car loan) - and actually do something about it, things will get worse.

The sad thing is that labour governments always run out of money and have never understood economics, and tory governments always end up imploding.

I'm voting for snoopy...

[BrilloPad]

That's right. Parity is here. Parity is the new Paradigm
I'm saying another 35% decline.

So then we wont have parity with the Euro!

IGMC

I guess I should leave economics to atw......

[ace00]

Shall we have a poll on whether to start a thread?

Actually the article talks of parity against the dollar, which is why I posted it in reply to ace00.

That's right. Parity is here. Parity is the new Paradigm
I'm saying another 35% decline.

[expat]

"British Pound Heading for Parity Against the Euro" - I dont think that has been done : why not start a thread on it?

Shall we have a poll on whether to start a thread?

Actually the article talks of parity against the dollar, which is why I posted it in reply to ace00.

[BrilloPad]

I think we've done this before recently, albeit with the usual snide comments about TA. I dont believe in the mystical power of TA either, but this article is on target so far.

"British Pound Heading for Parity Against the Euro" - I dont think that has been done : why not start a thread on it?

[expat]

I'm no expert (believe it or not) - but it looks to me like GB & Co have lost control, a bit like the banks, the leveraged debt ratio of UK PLC is based on un-realistic assumptions.
I thought before that maybe a 35% decline for the UKP would be the limit but I think UK PLC is staring down the barrel of a gun right now. I'm going with 1 quid = 65 euro cents.

I think we've done this before recently, albeit with the usual snide comments about TA. I dont believe in the mystical power of TA either, but this article is on target so far.

[ace00]

I'm no expert (believe it or not) - but it looks to me like GB & Co have lost control, a bit like the banks, the leveraged debt ratio of UK PLC is based on un-realistic assumptions.
I thought before that maybe a 35% decline for the UKP would be the limit but I think UK PLC is staring down the barrel of a gun right now. I'm going with 1 quid = 65 euro cents.

[BrilloPad]

Ha! You can never beat my motto:

Debt is not good. Debt you can't pay off is bad. Increasing a debt you can't pay off is f**king stupid.

Which makes Gordon Brown a complete imbecile. I like that word. It sounds slightly tutonic.

But will the plebs vote for him at the next election?

[expat]

Ha! You can never beat my motto:

Debt is not good. Debt you can't pay off is bad. Increasing a debt you can't pay off is f**king stupid.

Which makes Gordon Brown a complete imbecile. I like that word. It sounds slightly tutonic.

Imbecile? Sounds totally French to me, not Teutonic.

Dummkopf is Teutonic.

[Doggy Styles]

Ha! You can never beat my motto:

Debt is not good. Debt you can't pay off is bad. Increasing a debt you can't pay off is f**king stupid.

Which makes Gordon Brown a complete imbecile. I like that word. It sounds slightly tutonic.

[Bagpuss]

If only the banks had of lent lots more money at 125% LTV we wouldn't be in this mess - said the retard

[BrilloPad]

Our muppet leaders should have reduced interest rates a year before they did, instead of worrying about inflation. A timely boost to our economy could have saved us a lot of the pain that we will suffer in 2009. Still, you get what you vote for.

I didn't vote for them.....

[Cyberman]

Our muppet leaders should have reduced interest rates a year before they did, instead of worrying about inflation. A timely boost to our economy could have saved us a lot of the pain that we will suffer in 2009. Still, you get what you vote for.

[bobhope]

I think my cat could have done a better (or if not, no worse) job than the current lot. Certainly better than Blanchflower.