Pound = $ 1-64
Jan 12th 2012, 11:17 am
#286
221b Baker Street
Joined: Jun 2010
Location: Miles from anywhere, Victoria, Australia.
Posts: 14,125
Re: Pound = $ 1-64
Article on the Oz news today said that internet shopping in Oz had increased three-fold over last Christmas BUT that 70% was spent in Oz. I doubt that somehow.
Jan 12th 2012, 12:24 pm
#287
BE Enthusiast
Joined: Sep 2004
Location: London - but only until I can afford to move back to Sydney
Posts: 938
Re: Pound = $ 1-64
Well it goes without saying that the UK is very, very lucky to have done its Euro-crashout in 1992 rather than having to contemplate it now.
Not sure exactly how the UK can emerge from the doldrums, though. I think they will be in for at least a lost decade (starting 2008), and the currency market reflects that. Britain has most of the negative charateristics which Japan faced c. 1990 but few of the positives e.g. strong manufacturing base and personal savings, strong export markets etc.
Not sure exactly how the UK can emerge from the doldrums, though. I think they will be in for at least a lost decade (starting 2008), and the currency market reflects that. Britain has most of the negative charateristics which Japan faced c. 1990 but few of the positives e.g. strong manufacturing base and personal savings, strong export markets etc.
Jan 12th 2012, 1:56 pm
#288
You sip .... I glug !!!
Joined: Nov 2003
Location: Over the hill!
Posts: 2,790
Re: Pound = $ 1-64
saw an "interesting" article today http://www.guardian.co.uk/business/2...ndia-recession
If the theory is true then OZ has 2 years of good times before the "crash and burn"
Start saving those cents!
If the theory is true then OZ has 2 years of good times before the "crash and burn"
Start saving those cents!
Jan 12th 2012, 10:29 pm
#289
BE Enthusiast
Joined: Jun 2011
Location: Other side of the Westgate
Posts: 654
Re: Pound = $ 1-64
saw an "interesting" article today http://www.guardian.co.uk/business/2...ndia-recession
If the theory is true then OZ has 2 years of good times before the "crash and burn"
Start saving those cents!
If the theory is true then OZ has 2 years of good times before the "crash and burn"
Start saving those cents!
Jan 12th 2012, 10:34 pm
#290
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Pound = $ 1-64
Absolutely, don't ever say this in polite company though, you'll be considered a lunatic.
Jan 12th 2012, 10:47 pm
#291
BE Enthusiast
Joined: Jun 2011
Location: Other side of the Westgate
Posts: 654
Jan 12th 2012, 11:17 pm
#292
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Jan 12th 2012, 11:17 pm
#293
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: Pound = $ 1-64
It may come sooner rather than later, maybe even within the next 12 months.
Interesting year ahead for sure !
http://m.theglobeandmail.com/globe-i...service=mobile
Jan 12th 2012, 11:26 pm
#294
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Pound = $ 1-64
Well, there have been enough articles over the last year to indicate that the China gravy train could likely come to a juddering halt within the next 1 to 2 years. Best to assume our long overdue recession is certainly on the way, and prepare accordingly.
It may come sooner rather than later, maybe even within the next 12 months.
Interesting year ahead for sure !
http://m.theglobeandmail.com/globe-i...service=mobile
It may come sooner rather than later, maybe even within the next 12 months.
Interesting year ahead for sure !
http://m.theglobeandmail.com/globe-i...service=mobile
Choose your 'experts' well.
Jan 12th 2012, 11:41 pm
#295
BE Enthusiast
Joined: Jun 2011
Location: Other side of the Westgate
Posts: 654
Re: Pound = $ 1-64
It has in much of the North, Midlands and Wales, and and even bigger crash has been masked by the collapse in Sterling.
If in 2007 you'd paid US$1,000,000 (and you can choose virtually any currency you like for this exercise) for something decent in London you'd now be lucky to get back US$700,000.
If in 2007 you'd paid US$1,000,000 (and you can choose virtually any currency you like for this exercise) for something decent in London you'd now be lucky to get back US$700,000.
Jan 13th 2012, 12:04 am
#296
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: Pound = $ 1-64
It has in much of the North, Midlands and Wales, and and even bigger crash has been masked by the collapse in Sterling.
If in 2007 you'd paid US$1,000,000 (and you can choose virtually any currency you like for this exercise) for something decent in London you'd now be lucky to get back US$700,000.
If in 2007 you'd paid US$1,000,000 (and you can choose virtually any currency you like for this exercise) for something decent in London you'd now be lucky to get back US$700,000.
Jan 13th 2012, 12:10 am
#297
BE Enthusiast
Joined: Jun 2011
Location: Other side of the Westgate
Posts: 654
Re: Pound = $ 1-64
You might have made about 10% because you were wise enough to buy Sterling at the all-time Sterling:Euro low. But any time prior to that and you'd have been scr*wed good 'an proper too.
Jan 13th 2012, 12:50 am
#298
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Pound = $ 1-64
It has in much of the North, Midlands and Wales, and and even bigger crash has been masked by the collapse in Sterling.
If in 2007 you'd paid US$1,000,000 (and you can choose virtually any currency you like for this exercise) for something decent in London you'd now be lucky to get back US$700,000.
If in 2007 you'd paid US$1,000,000 (and you can choose virtually any currency you like for this exercise) for something decent in London you'd now be lucky to get back US$700,000.
Jan 13th 2012, 1:08 am
#299
Not allowed opinions.
Joined: Dec 2009
Location: Sydney
Posts: 4,565
Re: Pound = $ 1-64
I met a woman in the UK who had inherited a house. Three bedrooms, double glazed, conservatory. Stoke on Trent.
She thought it was worth 250-300k.
The estate agent valued it at 50k
It was turned in at 39k just before Christmas.
Price dops like that must hurt someone.
She thought it was worth 250-300k.
The estate agent valued it at 50k
It was turned in at 39k just before Christmas.
Price dops like that must hurt someone.
Jan 13th 2012, 1:14 am
#300
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Pound = $ 1-64
I met a woman in the UK who had inherited a house. Three bedrooms, double glazed, conservatory. Stoke on Trent.
She thought it was worth 250-300k.
The estate agent valued it at 50k
It was turned in at 39k just before Christmas.
Price dops like that must hurt someone.
She thought it was worth 250-300k.
The estate agent valued it at 50k
It was turned in at 39k just before Christmas.
Price dops like that must hurt someone.
I agree that in shithole areas prices have probably dropped, but then there's a reason for that.