Reply to: When the £ was heading towards parity there were lots of gleeful posts

[Cyberman]

Does anybody seriously believe that New Lie can do any more damage to the economy ? Bring on hyperinflation. This will give them experience for when they are next in power.

[Solidec]

hyperinflation - is that what the makes my mortgate tiny so when I invoice in Euros at some point I can pay off the whole mortgage from the net proceeds of that one invoice?

Guess this whole mess really depends on what side of the fence you are on.

Borrowed to the hilt with massive debts on one side. (Profligate or just bandwagoners)

Plenty of cash savings in Sterlind accounts on the other. (Prudent or too idealistic?)

Life isnt fair etc.

[MPwannadecentincome]

What I dont think anyone has factored in is that we have never had near zero interest rates, inflation above 4% and quantitative easing together in this country. If that isnt a recipe for hyperinflation, I don't know what is.

Considering how much we rely on imports, is noone else as terrified as I am that once even a hint of inflation is recognized, its going to snowball very hard and VERY FAST?

hyperinflation - is that what the makes my mortgate tiny so when I invoice in Euros at some point I can pay off the whole mortgage from the net proceeds of that one invoice?

[DiscoStu]

What I dont think anyone has factored in is that we have never had near zero interest rates, inflation above 4% and quantitative easing together in this country. If that isnt a recipe for hyperinflation, I don't know what is.

Considering how much we rely on imports, is noone else as terrified as I am that once even a hint of inflation is recognized, its going to snowball very hard and VERY FAST?

Nope, because my remaining credit card debts will be wiped out in a flash

[sasguru]

What I dont think anyone has factored in is that we have never had near zero interest rates, inflation above 4% and quantitative easing together in this country. If that isnt a recipe for hyperinflation, I don't know what is.

Considering how much we rely on imports, is noone else as terrified as I am that once even a hint of inflation is recognized, its going to snowball very hard and VERY FAST?

Yes I had similar thoughts. Time will tell.

[Solidec]

What I dont think anyone has factored in is that we have never had near zero interest rates, inflation above 4% and quantitative easing together in this country. If that isnt a recipe for hyperinflation, I don't know what is.

Considering how much we rely on imports, is noone else as terrified as I am that once even a hint of inflation is recognized, its going to snowball very hard and VERY FAST?

[Cyberman]

As I've said many times, thank heavens we are not in the Euro. We have the tools to help our economy. Our main problem is the profligate, dangerous workmen who have no idea of when and how these tools should be used.

[OwlHoot]

.. At least here in the UK we're not in denial.

No, we're in de tulip

(IGMC)

[PM-Junkie]

From everywhere. I expect a yo-yo (TM) exchange rate

Its all down to who can screw their economy up the most and the quickest. To be sure, with the muppets we have at the helm we don't/won't be too badly on that score. But we don't suffer from several disparate and diverging economies like the Eurozone does, and that was always going to be a threat as soon as there was a downturn.

And I fully expect the dollar to suffer once they get past the inauguration of Embalmer.

That said though, we are the only ones who have the handicap of the snot goblin and his side kick.

[sasguru]

. Much much worse is still to come

From everywhere. I expect a yo-yo (TM) exchange rate

[Ravello]

Oh no, I'm posting gleefully on another board about the Euro going down. I'm an equal opportunities doom merchant.

[AlfredJPruffock]

Germans failed to sell all their latest issue of bonds, we are likely to fare even worse when its our turn in a couple of months!

Who the hell wants to buy sterlind denominated bonds when they will get bugger all back in return and may lose out on currency exchange.

Likely purchasers are pretty much the Chinese and nobody else! Maybe the swiss, but both their currencies will not lose ground to sterling in the short near to medium term.

Give it until the Budget Report before getting all excited that the pound has strengthened again. Much much worse is still to come

Are you AtW in disguise ??

[Solidec]

Germans failed to sell all their latest issue of bonds, we are likely to fare even worse when its our turn in a couple of months!

Who the hell wants to buy sterlind denominated bonds when they will get bugger all back in return and may lose out on currency exchange.

Likely purchasers are pretty much the Chinese and nobody else! Maybe the swiss, but both their currencies will not lose ground to sterling in the short near to medium term.

Give it until the Budget Report before getting all excited that the pound has strengthened again. Much much worse is still to come

[minestrone]

I was about to put part of my savings into Euros but decided it was a bad move, glad I held back now.

[expat]

Now its bounced a bit everyone has gone silent?

I am ashamed to have to say that my Euro payments have already come in to my GBP account, and I am now making payments back into Euros. So, to my surprise, I am profiting again from the rise in the pound.

But I suppose if you are a nice person then nice things happen to you