That is genuinely funny. Thank you.
Thanks for lots of historic information about how a number of counties have suffered catastrophic economic failure. You clearly put a bit of work into that post. I have no idea why.
Nobody is referring to historic bankruptcies. We are only discussing the crash over the last week or so caused by the Truss / Kwarteng actions. If you have examples of crashing economies (at the level of crisis the UK is experiencing) over the last 2-3 weeks then great. These would be valid. But 1920’s Germany or 2001 Argentina has no relevance whatsoever.
https://www.theguardian.com/business/live/
Pound drops as Treasury says OBR forecast won’t be published until 23 November
The pound has fallen even more, as it becomes clear that the fiscal watchdog’s independent assessment of the government’s tax cuts and other plans won’t be published until the medium-term fiscal policy statement on 23 November.
Sterling is now down 0.36% at $1.1075.
strathmore… what more do you want? Blood?
This is hounding of a member.
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Is it?
It strikes me that OGF is perfectly capable of putting up with a bit of challenge. I would not be so direct if I had not admired his resilience, sense of humour and (at times) sheer bloody mindedness across many threads. I can disagree with OGF but also recognise the value of his posts.
The last post he made, with its long explanation of the economic collapses across many countries and many decades, was thorough & interesting but completely misguided. Would you prefer I gave him a gold star for effort because these days everyone has to be a winner?
A band aid measure according to Business Australia
Basically unless the UK Government does a U turn inflation will be out of control (as I understand it)
Hi
A fair assessment of how others see the UK
We have a failure of our Political system.
An out of control Government and an inept opposition.
We are also delusional in thinking we are World leaders and setting an example others will follow
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It won’t just affect Britain but with our dollar down against the US dollar there are downside risks here too caused by the UK problems.
The Australian dollar is hovering around two-year lows against the greenback, and the stock market is down 15 per cent from peak to trough.
We’re inching towards a share “bear market”.
Quite an interesting article (it is an opinion piece)
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