[Politics] Liz Truss **RESIGNS 20/10/2022**

[Weststander]

Are there any apolitical economists on here?

Why has the Euro crashed against the USD since May 2021, crashing further today, what gives?

 

[pb21]

Are there any apolitical economists on here?

Why has the Euro crashed against the USD since May 2021, crashing further today, what gives?

Global economy is ****ed, US$ Increasingly seen as the safest bet...

 

[deletebeepbeepbeep]

Are there any apolitical economists on here?

Why has the Euro crashed against the USD since May 2021, crashing further today, what gives?

Because in uncertain times the dollar is seen as a safer bet over the pound or euro.

 

[WATFORD zero]

Are there any apolitical economists on here?

Why has the Euro crashed against the USD since May 2021, crashing further today, what gives?

View attachment 152135

View attachment 152136

I'm not an economist in any way shape or form, but even I can recognise a bunch of incompetent narcissists when they are heading my way in top gear

 

[Harry Wilson's tackle]

Are there any apolitical economists on here?

Why has the Euro crashed against the USD since May 2021, crashing further today, what gives?

You need to sort out your Y axes, mate.

(I have deleted those abominable figures because they were making my eyeballs hurt. )

 

[A1X]

Are there any apolitical economists on here?

Why has the Euro crashed against the USD since May 2021, crashing further today, what gives?

View attachment 152135

View attachment 152136

The US raised rates today which always causes a spike in the value of the dollar. However the pound is also going down fast against the Euro so this is not just a US issue.

 

[Weststander]

Because in uncertain times the dollar is seen as a safer bet over the pound or euro.

It's surprising that that's never evolved. The Eurozone is a huge trading block and currency, its GDP 68% that of the US, a powerhouse in exporting goods = hard cash inflows.

I wonder if markets trust a far more capitalist hub?

 

[Weststander]

You need to sort out your Y axes, mate.

(I have deleted those abominable figures because they were making my eyeballs hurt. )

Lazily snapped them from an iPhone. Sorry about the migraine.

 

[KZNSeagull]

Are there any apolitical economists on here?

Why has the Euro crashed against the USD since May 2021, crashing further today, what gives?

I believe that the Euro has fallen against the USD this year because the US are not reliant upon Russian Oil and Gas whereas the EU very definitely are! Dunno why it has crashed today though.

 

[Harry Wilson's tackle]

You mean the Kwasi with a degree in classics?

"Classics at Cambridge combines many disciplines and perspectives in the study of Greek and Roman Antiquity. The Greek and Roman world is studied here as a period in the past and through the receptions of classical culture, language and philosophy both historically and in the present day."

What better grounding can you have to run the economy of a once great nation. Alas that is no more.

Where is Mr Blobby when you need him?

That's truly shocking. I almost don't know what to say.

 

[Harry Wilson's tackle]

It's surprising that that's never evolved. The Eurozone is a huge trading block and currency, its GDP 68% that of the US, a powerhouse in exporting goods = hard cash inflows.

I wonder if markets trust a far more capitalist hub?

I suspect the Euro may have stayed a little stronger had one of the countries on the border with the EU not been invaded by Russia.

See how the US economy would fare if China were to invade Canada.

 

[monty uk]

That's truly shocking. I almost don't know what to say.

Try "Blobby Blobby Blobby".

That'll do.

 

[Audax]

The US raised rates today which always causes a spike in the value of the dollar. However the pound is also going down fast against the Euro so this is not just a US issue.

And the Yen. GBP has taken an absolute battering today.

 

[KZNSeagull]

It's surprising that that's never evolved. The Eurozone is a huge trading block and currency, its GDP 68% that of the US, a powerhouse in exporting goods = hard cash inflows.

I wonder if markets trust a far more capitalist hub?

The US is only 1 country though which probably makes it naturally more stable.

 

[Since1982]

Well done Lizzy. Fantastic mini budget

I’m genuinely interested in why you think that?

 

[Guinness Boy]

Anyone can say anything, post the vilest nonsense possible and nothing is done.

Then perfectly legitimate threads get moved to the Bear Pit.

There are some bonkers decisions being made.

I’ve been here since 2008 and it has never been this bad.

Well I’m a mod. If you don’t like it, dry your eyes and debate it.

IMO this country has just been sold to disaster capitalists by a bunch of incompetent fascists. Not just the poor - the middle classes too. If you disagree tell me why?


Sent from my iPhone using Tapatalk

 

[Weststander]

The US raised rates today which always causes a spike in the value of the dollar. However the pound is also going down fast against the Euro so this is not just a US issue.

Since Putin started the genocidal war:

Euro lost 15% to USD.
GPB lost 20% to USD.
GBP lost 7% to Euro.

[Yes, I realise they're all interrelated stats].

So with a bit of digging, I can see that when exchange rates are mentioned and "the collapse of Sterling", the overwhelming majority of this has been suffered by the Eurozone too and it started 9 months before Putin acted.

My instinct is that the USD have the globe by the goolies on exchange rates, it's literally THE safe haven for assets in any crash, in this crash. Funds pouring in from 'Emerging Markets' too as everyone ditches Russia, parts of Asia, Latin America.

 

[rogersix]

Are there any apolitical economists on here?

Why has the Euro crashed against the USD since May 2021, crashing further today, what gives?

the masters of the universe know that the german economy recently went into negative growth

 

[Weststander]

Well I’m a mod. If you don’t like it, dry your eyes and debate it.

IMO this country has just been sold to disaster capitalists by a bunch of incompetent fascists. Not just the poor - the middle classes too. If you disagree tell me why?


Sent from my iPhone using Tapatalk

@GB, respectfully, in light in the genocide and the rape of kids by real fascists just now in Ukraine, I think that's not the best term to use here.

 

[Guinness Boy]

@GB, respectfully, in light in the genocide and the rape of kids by real fascists just now in Ukraine, I think that's not the best term to use here.

Respectfully they are far right fascists in my opinion. I get that others might not agree. Sending brown people who have escaped the horrors of war to Rwanda? Fascist. Failing to complete it because they didn't do their legal due diligence? Incompetence. Shutting down debate? Fascist.