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Sterling rallies after rate cut

13

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Wookster wrote: »

    There is no safe haven is there...

    The best farm land. Kent or the Ukraine AIUI.

    Possibly NSW in Aus. I have my doubts but supposedly west of the mountains there is excellent farmland.
  • Conflict
    Conflict Posts: 77 Forumite
    Generali wrote: »
    The best farm land. Kent or the Ukraine AIUI.

    Possibly NSW in Aus. I have my doubts but supposedly west of the mountains there is excellent farmland.

    I thought all of Aussies farm land is starting to turn to **** after 10 years of drought, guess this years record breaking heat waves you guys have got will be making it even worse.

    New Zealand is where you want if you want good farmland on the cheap - problem is its in New Zealand!

    Wouldn't touch anything at all in Eastern Europe ever. Far to unstable a place throughout history never mind now.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Conflict wrote: »
    I thought all of Aussies farm land is starting to turn to **** after 10 years of drought, guess this years record breaking heat waves you guys have got will be making it even worse.

    New Zealand is where you want if you want good farmland on the cheap - problem is its in New Zealand!

    Wouldn't touch anything at all in Eastern Europe ever. Far to unstable a place throughout history never mind now.

    The drought has been appalling in many parts of NSW. In most places the drought has broken this summer although far from all districts.

    I don't know about Kiwishire. I understand they have good land and good rain. I don't know though.
  • purch
    purch Posts: 9,865 Forumite
    The drought has been appalling in many parts of NSW

    We're gonna have a drought in the U.K. this year....

    Just as soon as all this [EMAIL="f*c@#^g"]f*c@#^g[/EMAIL] snow melts !!!!!!!!!
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • barrooo
    barrooo Posts: 322 Forumite
    Wookster wrote: »
    The US$ must devalue at some point - surely someone will start selling their US$ reserves to fund an internal restructuring program. That would be the end of the US$.

    There is no safe haven is there...


    I'm not sure about the selling part, but I understand there may be a policy shift from China regarding purchasing of US government debt instruments that would obviously deflate the dollar rally
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    purch wrote: »
    We're gonna have a drought in the U.K. this year....

    No you're not. Not like Aus.

    8 years without a drop of rain.

    Never mind whether or not to water the garden, what about brushing your teeth? Can you afford the water.....?

    It's amazing talking to people in drought areas.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    !!!!!!? wrote: »
    Absolutely, it's a crapshoot amongst Dollar, Sterling and Euro but I still reckon that Sterling is most screwed, unless the Euro actually implodes of course.

    A question of time

    http://uk.biz.yahoo.com/06022009/323/german-data-shows-industry-ice-age.html

    [SIZE=-1]Capital Economics economist Jennifer McKeown said that "weak global demand has pushed the eurozone's largest economy into a very deep recession."[/SIZE] [SIZE=-1]She estimated that German gross domestic product might have contracted by a record 2.2 percent in the fourth quarter of 2008, "which would be the worst outcome of any major economy since the onset of the crisis."[/SIZE]


    It is a good job they didn't have a problem with their housing market :eek: Like what the Brits did :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    No you're not. Not like Aus.

    8 years without a drop of rain.

    Never mind whether or not to water the garden, what about brushing your teeth? Can you afford the water.....?

    It's amazing talking to people in drought areas.

    That is one good thing about Manchester (anongst many I may add!) the inhabitants will never die of thirst :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    That is one good thing about Manchester (anongst many I may add!) the inhabitants will never die of thirst :D

    Oh yeah.

    I was listening to the local radio station and there'd been a fair bit of rain about the place.

    They had a farmer on the phone who was pretty chipper and sounded happy - he won the phone in quiz and was happier still.

    The woman presenter asked if the farmer had had rain. He started crying.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    Oh yeah.

    I was listening to the local radio station and there'd been a fair bit of rain about the place.

    They had a farmer on the phone who was pretty chipper and sounded happy - he won the phone in quiz and was happier still.

    The woman presenter asked if the farmer had had rain. He started crying.

    Tell you what your boys must be master water diviners, they certainly know where to go to find it :D

    http://www.nwda.co.uk/news--events/press-releases/200901/australia-chooses-manchester.aspx
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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