Should £ stay or should it go?
Re: Should £ stay or should it go?
6% is a pretty solid rate.
AinC reels off an eloquent and thought provoking monologue adlib
- truffledog
- Expatriate
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Re: Should £ stay or should it go?
you forgot the important annotation of "ceteris paribus" which is never the caseJerry Atrick wrote: ↑Tue Sep 27, 2022 2:27 pm Panic led to lockdowns. Lockdowns led to fiscal stimulus. Stimulus led to inflation. Inflation led to monetary tightening. Tightening leads to recession.
YAAY
https://www.reuters.com/world/uk/uks-vi ... 022-09-26/
good example to prove your scenario right...gone are the times of cheap mortages..wait for the fall of property prices.
work is for people who cant find truffles
- NotYourUncle
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Re: Should £ stay or should it go?
If I were you, I'd leave a tenner in there, get all the rest out of the country that you possibly can, max out loans and credit cards, never return.. by the time it does 'get better', at least you'll be able to buy some land with yer tennerKammekor wrote: ↑Sun Sep 25, 2022 3:30 pmLeave some. Don't burn your bridges and having access to money in a UK account might come in handy in the future.Ramoaner wrote: ↑Sat Sep 24, 2022 12:48 am Good evening all,
My family and I are relocating to the Kingdom in the not too distant future having spent 3 years back in the UK and would like some sensible opinions on a financial matter.
With the pound now at an all my lifetime low, I am not sure that transferring all my liquid would be the correct decision at the moment because of the low rate.
I am lucky to have an option of leaving some money in the UK and hoping that in a few years time the rate will get better but I was wondering what your thoughts on
this would be.
I know there is no crystal ball out there but do you think the option of microfinance would outweigh leaving the money in the YUK?
Thanks for your time and appreciate any input.
Stewwy
<edit>
Imagine the horror of opening one, if you wanted to, in your position.
pronouns- it/that
as quite obviously, I identify as a f***ing watermelon
as quite obviously, I identify as a f***ing watermelon
- Jamie_Lambo
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Re: Should £ stay or should it go?
the pound went to shit yesterday! fml
Mean Dtuk Mean Trei, Mean Loy Mean Srey
Punchy McShortstacks School of Hard Knocks
Punchy McShortstacks School of Hard Knocks
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Re: Should £ stay or should it go?
I wasn't just referring to other countries, but also welfare programs. Look into the Cycle of Empires theory. I think Foreign Affairs journal did an article on it. But basically, Empires soon fall after they reach a point where they feel they are well off enough to have welfare programs. Those escalate out of control until the Empire crumbles, because no one can get the piece of cake they were promised. The common argument people have is "how much does it really impact you that there are welfare programs?" It may not impact me much directly, because I am part of those getting the cake handed to them in some way. What happens though when there is no more cake? I may have work and it may not hurt me as much, but those that rely on cake for everything are going to get pretty mad. The US just makes cake faster right now than most.Kammekor wrote: ↑Tue Sep 27, 2022 7:48 amHasn't the US handed out most money? Still the USD is very expensive. Explaining these movements is incredibly difficult and there's not just one parameter setting the price.techietraveller84 wrote: ↑Tue Sep 27, 2022 12:02 am Like where? To the Euro?! Wasn't that the point of Brexit? And from the look of it, the Euro isn't doing much better... What the West needs to stop doing is handing out money if they want their moneys to stabilize.
Re: Should £ stay or should it go?
It's time to bake your own cake.techietraveller84 wrote: ↑Tue Sep 27, 2022 11:26 pmI wasn't just referring to other countries, but also welfare programs. Look into the Cycle of Empires theory. I think Foreign Affairs journal did an article on it. But basically, Empires soon fall after they reach a point where they feel they are well off enough to have welfare programs. Those escalate out of control until the Empire crumbles, because no one can get the piece of cake they were promised. The common argument people have is "how much does it really impact you that there are welfare programs?" It may not impact me much directly, because I am part of those getting the cake handed to them in some way. What happens though when there is no more cake? I may have work and it may not hurt me as much, but those that rely on cake for everything are going to get pretty mad. The US just makes cake faster right now than most.Kammekor wrote: ↑Tue Sep 27, 2022 7:48 amHasn't the US handed out most money? Still the USD is very expensive. Explaining these movements is incredibly difficult and there's not just one parameter setting the price.techietraveller84 wrote: ↑Tue Sep 27, 2022 12:02 am Like where? To the Euro?! Wasn't that the point of Brexit? And from the look of it, the Euro isn't doing much better... What the West needs to stop doing is handing out money if they want their moneys to stabilize.
When I started working I was promised a golden pension. When I moved to Cambodia in 2009 I worried about my pension because I stopped paying premiums. It's becoming clearer and clearer the promises made will not be kept, so now I'm trying to take care of my own pension. It's a pain, although current market conditions allow for more opportunities than a year ago.
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