howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#1
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#2
This may be why King has sent out contradictory statements regarding QE that unsettled the markets and placed downwards pressure on sterling. It will help manufacturers in the short term, giving us inflation in the long term if it stays low.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#3
What a load of complete cobblers.
"Chris Williamson, chief economist at Markit, said the data represented a "major set-back to hopes that the UK economy can return to growth in the first quarter and avoid a triple-dip recession"."
A set-back to hopes???? When will these Johnnies be brought back into the fold of speaking English?
Suddenly weather forecasters make complete sense, that's how bad it is.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#4
Tom - learn a few economic facts for yourself. Taking a quote from an economist out of its full context is plainly daft.
Are you suggesting that a fall in sterling will not help our exporters? Of course it will. The downside being a rise in the cost of imports with raw materials working through to eventually impact on exports but in the short term it will help them. Longer term energy prices will be affected too of course, hence my comments on inflation.
Have you another explanation for King to be so contradictory?
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#5
Barry - I used the full quote from the article, if such is plainly daft then address your comments to Ms. Szu Ping Chan.
The commenters below the article are not all that impressed either.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#6
Tom - what a journalist chooses to quote in an article does not represent fully what was actually said in its proper context.. Something you should realise. Never let the truth stand in the way of a good story, is that not the age-old journalist motto?
I read a lot of what economists and fund managers say, daily. It is what I do every day.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
#7
The pound is far too strong. Been saying this for years.
Unless the pound reaches a sustainable level, much lower than it is now, our economy has no chance of recovery.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#8
It has a market value Alexander and that is the right value, not one that you think it should be.