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26 Oct 16
09:18
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25 Jul 14
Nigel Farage (so called genius on this forum) told other M.E.P's it was a failing currency is he right should I sell all my Euros?
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Replies: 16
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You should keep your Euros only because you dislike Sterling.
Your hatred of Sterling is like your hatred of Britain,irrational. |
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PM Gordon Brown sold British Gold reserves for the euro
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Aaah these British loving Brexiteers....
http://www.dailymail.co.uk/news/article-3659328/Brexit-buccaneer-rakes-220million-Hedge-fund-tycoon-declares-winner-betting-stock-value-falling.html |
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An odious individual who's only God is money.
Nearly as odious as that Remain champion George Soros Although the champion in this debate is the pension laden ex Goldman Sachs director Peter Sutherland. He wants to smash the nation state for the markets,he wants open borders for the cheap labour. He himself is insulated from all this with his multiple pensions,chauffeur driven limousine and house in a gated community in London. |
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Not a currency for the long term perhaps
http://www.telegraph.co.uk/business/2016/10/24/the-eurozone-is-turning-into-a-poverty-machine/ |
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think thats the after affects of subprime.
but the outlook is bright. every bad thing that happened subprime has bottomed out so expect poverty to start reversing very soon. |
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But you can't devalue the euro to boost your economy G1, ask the Greeks, what time does poverty reverse for them?
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dead as a dodo
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Should I sell the Euro and buy the Pound?
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Do they exchange coins?
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who knows when poverty reverses.
something had to be done post subprime as the banks got in a right mess. as a result people got poorer over time. its always the poor who take the hit. luckily though everything has bottomed out so its only a matter of time till poverty does too. austerity has reduced debt to gdp in all of the countries who were in trouble....even greece. very poor reporting by the telegraph who just looked at the poverty figures without working out what actually caused it...subprime. |
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Platini
dead as a dodo A missed opportunity Plat, surprised at you.  |
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Problem is another recession is always going to come this time there are no tools left to fix it.
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Did we ever exit the last one? It's only an artificial, kick the can down the road recovery. It's landed company pensions in absolute 5hit street. The vast majority of people have shown no benefit from it, in fact quite the reverse. No improved productivity and no real wage rises for 8 years plus.
Interest rates need to be slowly brought back to "normal" rates. Markets and house prices are going to suffer. House prices have been allowed to rise out of all proportion to people's earnings. We are heading towards having a nation of renting wage slaves with few assets. Normalising interest rates can change this. Company pension deficits would become manageable and people could get a real return on their savings, rather than encouraging people to take on unmanageable debts with all the cheap money available. |
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But for a large chunk of the population basic utilities have shot up way above the inflation rate, whilst there has been an 8 year negative in wage increases
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Agree with stow, Broony told us it would be recession for two or three years. My house is paid for, but we need prices to drop and more new ones built, sadly these two occurrences are incompatible for house builders. People spend money on all sorts of things when moving house and this helps keep the larger economy going.
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