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No currency wars here. Sterling renews its sharp 2013 decline as BOE Governor King has a "what...

No currency wars here. Sterling renews its sharp 2013 decline as BOE Governor King has a "what me worry" attitude about the bank's forecast inflation is set to rise to 3%, and will stay above its 2% target until 2016. "This is not the result of easy monetary policy, nor does it reflect what's going on in the economy." When is King's retirement again? FXB -3.7% YTD.
Comments (15)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    What is going on right now is a currency war....but noone wants to admit it...
    13 Feb 2013, 07:26 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    The Brits led that war (among others) in the 30s, but they also had a significant industrial production complex.
    13 Feb 2013, 02:59 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8771) | Send Message
     
    UK needs more austerity. The current level of austerity may seem OK, but I posit that there has not been enough pain inflicted yet. With more pain, there should be room for a few more recessions, after which the country collapses and the citizens emerge pure in soul.

     

    Austerity rules, stimulus drools!
    13 Feb 2013, 08:52 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Yes, more $500 hammers are needed to fix this problem.
    13 Feb 2013, 09:49 AM Reply Like
  • Macro Investor
    , contributor
    Comments (8771) | Send Message
     
    I would rather starve the people than buy $500 hammers.
    13 Feb 2013, 10:21 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Check our obesity rates. No danger of starvation....
    13 Feb 2013, 11:52 AM Reply Like
  • Padawan learner
    , contributor
    Comments (60) | Send Message
     
    Macro,
    Café Hayek and Professor of Economics Russ Roberts of GMU have a little more actual data regarding the spending pattern of the British government. One link of several provided. If you take the time to investigate, Professor Roberts provides links to show where he acquired his data including sites managed by the British government.

     

    http://bit.ly/VgimeF

     

    Speeches about cutting government does not equate to austerity, you must actually cut spending to achieve austerity.

     

    It appears to an outsider that you are spending too much time reading articles designed to confirm your bias.
    13 Feb 2013, 02:11 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8771) | Send Message
     
    I agree mick, that's why I would starve the people.
    13 Feb 2013, 08:36 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8771) | Send Message
     
    I just want to cut Social Security, Medicare, Medicaid, Unemployment, AFDC, Section 8 housing, and other wasteful stuff that helps people in need.
    13 Feb 2013, 08:37 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Please don't have them cut Section 8. I rent a house to a lady who's been paying me with that for 7... straight.... years.....
    14 Feb 2013, 08:14 AM Reply Like
  • Cliff Hilton
    , contributor
    Comments (1493) | Send Message
     
    Remember 20 cent a gallon gas? Hammers were 25 cent each then. Yes, you'll pay $500 for a hammer, if you live that long. Come on inflation...
    13 Feb 2013, 12:53 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Soylent green readiness pill.
    13 Feb 2013, 01:19 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    People in NEED....that is everyone...we NEED to limit that a little I think...if you have two arms and two legs...you are not in need
    14 Feb 2013, 08:09 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    youngman, you should only have to work if you want to, right?

     

    In defense of macro investor's handout policy, we have shipped most of our decent manual labor jobs overseas. A result of "free trade" policies with countries with no OSHA, EPA, etc. guidelines to follow.

     

    Thank you, Clinton and Bush.
    14 Feb 2013, 08:20 AM Reply Like
  • Macro Investor
    , contributor
    Comments (8771) | Send Message
     
    OK, young man, you are not in need. Now surrender your social security.
    15 Feb 2013, 08:53 AM Reply Like
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