$1.48 to the £ today....this is getting ridiculous
Jan 24th 2012, 8:19 pm
#302
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: $1.48 to the £ today....this is getting ridiculous
Well I damn well will if you and your little band of **** buddies take over yet another thread with your childish comments. Just how old are you guys anyway, just hitting puberty by the looks of things.
Jan 24th 2012, 8:20 pm
#303
Not allowed opinions.
Joined: Nov 2009
Location: Sydney
Posts: 4,565
Re: $1.48 to the £ today....this is getting ridiculous
Jan 24th 2012, 9:16 pm
#305
BE Enthusiast
Joined: Feb 2008
Location: Canberra
Posts: 899
Re: $1.48 to the £ today....this is getting ridiculous
Australia is now a safe haven, according to the Wall Street Journal.
http://blogs.wsj.com/dealjournalaust...fe-haven-rush/
The following sums it up:
"Strong demand for Australia’s high yielding, AAA rated bonds has helped drive the Australian dollar to historic highs against the U.S. dollar. It is also keeping the growth-sensitive currency well supported in a period of a global slowdown. Net debt is projected to peak at around 9.0% of national output–which the government says is less than a tenth of the average position of major economies–and Canberra plans to return a budget surplus in the 2012-2013 fiscal year."
Even news that inflation was 0% in the December quarter resulted in a rise in the "Ozzie Battler". Switzerland of the South I say.
I'm trying not to be smug (honest), but it's a losing battle.
Happy Australia Day folks
http://blogs.wsj.com/dealjournalaust...fe-haven-rush/
The following sums it up:
"Strong demand for Australia’s high yielding, AAA rated bonds has helped drive the Australian dollar to historic highs against the U.S. dollar. It is also keeping the growth-sensitive currency well supported in a period of a global slowdown. Net debt is projected to peak at around 9.0% of national output–which the government says is less than a tenth of the average position of major economies–and Canberra plans to return a budget surplus in the 2012-2013 fiscal year."
Even news that inflation was 0% in the December quarter resulted in a rise in the "Ozzie Battler". Switzerland of the South I say.
I'm trying not to be smug (honest), but it's a losing battle.
Happy Australia Day folks
Jan 24th 2012, 9:25 pm
#306
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: $1.48 to the £ today....this is getting ridiculous
Why ? This is a forum full of people that have come here to live so why not be smug ? If others going to the UK are anything like us it doesn't matter one way or another, safe haven, risky it's all just money talk. 
Jan 24th 2012, 11:30 pm
#308
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: $1.48 to the £ today....this is getting ridiculous
http://www.guardian.co.uk/business/2...conomy-shrinks
UK moves closer to second recession as economy shrinks 0.2%
• Drop in manufacturing output dents hopes UK can avoid slump
• Data reinforces expectations of new round of QE
• Chancellor says government will not change fiscal plans
Jan 24th 2012, 11:44 pm
#309
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: $1.48 to the £ today....this is getting ridiculous
We get it really, you live in awesome Sydney so don't worry yourself 
Jan 25th 2012, 2:48 am
#311
Banned
Joined: Apr 2011
Posts: 280
Re: $1.48 to the £ today....this is getting ridiculous
http://www.guardian.co.uk/business/2...conomy-shrinks
UK moves closer to second recession as economy shrinks 0.2%
• Drop in manufacturing output dents hopes UK can avoid slump
• Data reinforces expectations of new round of QE
• Chancellor says government will not change fiscal plans
So we will tell the markets we will stick to our cuts, even though, we won't, we will then print some more cash to buy our own turds, sorry GILTS, and hope the pound falls further, so we can eventually export more cheap cars to the Euro zone....
Actually negative GDP ain't all that bad, it means the lack of growth in personal debt means we are taking on less debt, so getting richer....Thats how i would spin it if i were the BBC....
Jan 25th 2012, 12:35 pm
#312
Possum. Amiculum. Latrina
Joined: Jan 2011
Location: Footloose
Posts: 3,427
Re: $1.48 to the £ today....this is getting ridiculous
GDP contracts because December wasn't cold enough for the UK to use more gas and electricity.
So we will tell the markets we will stick to our cuts, even though, we won't, we will then print some more cash to buy our own turds, sorry GILTS, and hope the pound falls further, so we can eventually export more cheap cars to the Euro zone....
Actually negative GDP ain't all that bad, it means the lack of growth in personal debt means we are taking on less debt, so getting richer....Thats how i would spin it if i were the BBC....
So we will tell the markets we will stick to our cuts, even though, we won't, we will then print some more cash to buy our own turds, sorry GILTS, and hope the pound falls further, so we can eventually export more cheap cars to the Euro zone....
Actually negative GDP ain't all that bad, it means the lack of growth in personal debt means we are taking on less debt, so getting richer....Thats how i would spin it if i were the BBC....
Jan 25th 2012, 1:01 pm
#315
Banned
Joined: Apr 2011
Posts: 280
Re: $1.48 to the £ today....this is getting ridiculous