Reply to: Gbp

[Platypus]

Look at that - I'm spot on.

Very drole. I only just spotted your 'one decimal place' caveat

[Gibbon]

i think i have a fanny

ftfy

[HairyArsedBloke]

I think SAS is catching, that was as flimsy as one of his. I don't think you know owt. Predict £/$ at lunch time tomorrrow...

OK, I'm game.

To one decimal place I guess that at 13:00 BST GBPUSD will be: 1.4

Normal caveats apply.

Look at that - I'm spot on.

[sasguru]

I think I have a fan

I don't mind you, you're like a turd on my shoe that I can wipe off when I want.
Everone else hates you though.

[suityou01]

Would be an improvement on being an Internet Warrior.
At least you'd be something other than the biggest irritant on CUK.

I think I have a fan

[sasguru]

Which would make me a dirty spekulant

Would be an improvement on being an Internet Warrior.
At least you'd be something other than the biggest irritant on CUK.

[suityou01]

Not bad. Now put your money where your mouth is. You should make a fortune betting on a sterling collapse. If you're right.

Which would make me a dirty spekulant

[sasguru]

Well if you do your financial planning based on the drivel posted in here then lawd help you. But you're question is sound. I am of course not qualified to give any financial advice, but in my very humble opinion, we are indeed looking at the collapse of sterling.

My reasoning is this. When market liquidity dried up, we printed money. We are now no longer allowed to print any more, Mastricht says so. So we have stopped, and the most fragile economies are starting to squeak first (PIIGS) as the liquidity dries up again. Hence the trillion $ bailout from the IMF just to try and kick the can a little further down the road. But that is all it is. At some time the piper must be paid.

There are lies, damned lies and statistics as Disraeli told us. Well none so more than in the financial markets. It is possible to hide public debt. Greece managed it for example, but their private debt is less easy to hide for the reasons I mentioned earlier.

So if you take into account the increased Libor, reduced liquidity, fear of contagion, much awaited economic policy, the markets are waiting to see which way they go. I think the eurozone is teetering on the brink of collapse and the most vulnerable will go first. For a measure of the most vulnerable, look at PRIVATE debt to GDP ratio.

Not bad. Now put your money where your mouth is. You should make a fortune betting on a sterling collapse. If you're right.

[suityou01]

The inflation figures from yesterday are creating uncertainty. If the BofE were to stick to its inflation killing remit it should be raising interest rates, but that would kill off the fragile recovery.

It is between a rock and a hard place, what will it do? Are we going to have more recession or inflation instead?

I fear both

[Churchill]

The inflation figures from yesterday are creating uncertainty. If the BofE were to stick to its inflation killing remit it should be raising interest rates, but that would kill off the fragile recovery.

It is between a rock and a hard place, what will it do? Are we going to have more recession or inflation instead?

Low interest rates don't help anybody...

[suityou01]

SY, I am not having a go at you. I started this thread specifically to see if any of the wizards on this forum had a clue why GBP was suddenly collapsing. We know why Euro collapsed. But why GBP now? What is looming? Any bank failure ? etc etc. I have a family to take care of and I believe in taking action if I know what is round the corner.

You mentioned a theory about private debt. I want to know if this was a determining factor. Why ? Because if that is actually a cause, then does that mean billions of private debt is to be repaid within a few days and we do not have money? I just need a cause to currency collapse. If we are headed Argentina way then I will take action to get out of GBP and into USD. Simple as that.

Well if you do your financial planning based on the drivel posted in here then lawd help you. But you're question is sound. I am of course not qualified to give any financial advice, but in my very humble opinion, we are indeed looking at the collapse of sterling.

My reasoning is this. When market liquidity dried up, we printed money. We are now no longer allowed to print any more, Mastricht says so. So we have stopped, and the most fragile economies are starting to squeak first (PIIGS) as the liquidity dries up again. Hence the trillion $ bailout from the IMF just to try and kick the can a little further down the road. But that is all it is. At some time the piper must be paid.

There are lies, damned lies and statistics as Disraeli told us. Well none so more than in the financial markets. It is possible to hide public debt. Greece managed it for example, but their private debt is less easy to hide for the reasons I mentioned earlier.

So if you take into account the increased Libor, reduced liquidity, fear of contagion, much awaited economic policy, the markets are waiting to see which way they go. I think the eurozone is teetering on the brink of collapse and the most vulnerable will go first. For a measure of the most vulnerable, look at PRIVATE debt to GDP ratio.

[Gonzo]

SY, I am not having a go at you. I started this thread specifically to see if any of the wizards on this forum had a clue why GBP was suddenly collapsing. We know why Euro collapsed. But why GBP now? What is looming? Any bank failure ? etc etc. I have a family to take care of and I believe in taking action if I know what is round the corner.

The inflation figures from yesterday are creating uncertainty. If the BofE were to stick to its inflation killing remit it should be raising interest rates, but that would kill off the fragile recovery.

It is between a rock and a hard place, what will it do? Are we going to have more recession or inflation instead?

[sasguru]

SY, I am not having a go at you. I started this thread specifically to see if any of the wizards on this forum had a clue why GBP was suddenly collapsing. We know why Euro collapsed. But why GBP now? What is looming? Any bank failure ? etc etc. I have a family to take care of and I believe in taking action if I know what is round the corner.

You mentioned a theory about private debt. I want to know if this was a determining factor. Why ? Because if that is actually a cause, then does that mean billions of private debt is to be repaid within a few days and we do not have money? I just need a cause to currency collapse. If we are headed Argentina way then I will take action to get out of GBP and into USD. Simple as that.

Well if we knew we would all be making shed loads wouldn't we?

FWIW I believe that much of the European economy (including parts of the UK) are fooked long term as we pay ourselves too much to do too little. The market is simply exposing this fact and this trend will continue.

From a practical point fo view, hedge all your bets - I have Swiss Franc and USD accounts as well as some gold holdings. My biggest asset in the UK is my house.

[fullyautomatix]

SY, I am not having a go at you. I started this thread specifically to see if any of the wizards on this forum had a clue why GBP was suddenly collapsing. We know why Euro collapsed. But why GBP now? What is looming? Any bank failure ? etc etc. I have a family to take care of and I believe in taking action if I know what is round the corner.

You mentioned a theory about private debt. I want to know if this was a determining factor. Why ? Because if that is actually a cause, then does that mean billions of private debt is to be repaid within a few days and we do not have money? I just need a cause to currency collapse. If we are headed Argentina way then I will take action to get out of GBP and into USD. Simple as that.

[Gonzo]

We will leave the congregation to judge.
Never in the history of CUK has such a tiny intellect generated so much noise.

Really? ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Actually, I do think that over the last couple of days you have exceeded Andyw's efforts at saturation irritation. Well done!