Shorting Sterling

[Denim]

47 minutes ago, Chomper Higgot said:

Perhaps he was there for the free a/c.

Good idea. Just before we moved to Petchabun , Westgate Mall opened in Bangyai..Nonthaburi. Huge new mall. I used to go there a few minutes before opening and as soon as we were let in I used to walk around every floor in a complete circuit from ground floor to top then back down again. This was done briskly to get the heart going. Nice 5 kilometer walk in cool aircon mall. Couldn't bump into anyone if you tried in that place. Never spent a baht in there but got pretty fit. Our local ones here too small and not enough space anyway.

[Kwasaki]

Up to 40•88.

[Farmerslife]

On 9/26/2022 at 12:09 PM, Kwasaki said:

Financial experts talking on radio stations are saying,  Brexit, Covid, Ukraine war, and this mini buget has to do with the mess UK finds itself in.

Hence the bad exchange rate. 

 

All of the world has had to deal with covid and the Russian war on Ukraine.

 Brexit, Thick Lizzie and the quasi chancellor's mini budget of self-harm are the reasons why the UK finds itself in a far worse predicament than any other country.

[Chomper Higgot]

44 minutes ago, Farmerslife said:

All of the world has had to deal with covid and the Russian war on Ukraine.

 Brexit, Thick Lizzie and the quasi chancellor's mini budget of self-harm are the reasons why the UK finds itself in a far worse predicament than any other country.

UK inflation was already out of control well before Russia invaded Ukraine.

[Seppius]

2 hours ago, Farmerslife said:

All of the world has had to deal with covid and the Russian war on Ukraine.

 Brexit, Thick Lizzie and the quasi chancellor's mini budget of self-harm are the reasons why the UK finds itself in a far worse predicament than any other country.

"Any other country" bit of a broad statement lol, UK not even the highest in Europe for inflation, Netherlands has the top spot, Spain not far behind them. Turkey is around 80%

 

https://www.ft.com/content/088d3368-bb8b-4ff3-9df7-a7680d4d81b2

 

Know one knows if the new budget will work yet, but not many countries will be immune from the global recession, maybe slashing taxes is the way to go

 

Global debt

 

https://www.visualcapitalist.com/global-debt-to-gdp-ratio/

 

Again, not in the worst position of any country

 

[bert bloggs]

Good if the baht weakens makes the pound stronger,just up a bit again

[Kwasaki]

1 hour ago, bert bloggs said:

Good if the baht weakens makes the pound stronger,just up a bit again

75 to £ is coming I promise. ????

[bert bloggs]

50 minutes ago, Kwasaki said:

75 to £ is coming I promise. ????

Those were hsppy days

[Maha Sarakham]

8 hours ago, bert bloggs said:

Those were hsppy days

I still can't believe the USD is almost 1 : 38, shame it can't last forever!  I hear you!

[Chomper Higgot]

Kwarteng’s unfunded tax give away to the already wealthy is biting back. 
 

Truss needs to make some tough decisions, and she’s not got long to make them.

 

Her back bench are getting noisy, letters of no confidence are reportedly being submitted to the 1922 committee.

 

The Tory Party conference is two weeks away and right after that she’ll be back at the dispatch box facing PM’s questions.

 

Does she ‘tough it out’ or does she U-turn?

 

Perhaps time to turn on Kwarteng, or even on the BoE.

 

But she needs to decide quickly, mortgage repayment hikes are already going out in the post.

 

 

Edited September 28, 2022 by Chomper Higgot

[Denim]

10 hours ago, Maha Sarakham said:

I still can't believe the USD is almost 1 : 38, shame it can't last forever!  I hear you!

I sell online and get paid in dollars so not all bad for me either.