I’d a few pound from a bet there I won in the betfair hurdle a couple of months ago and have been humming and hawing about investing it. Plans for the summer holiday have been put on hold so I’ve been thinking about it more and more. Would lads have any thoughts on currency exchange? Sterling is 88p for a euro at the moment but that doesn’t sound too appealing. I missed the boat on Aussie dollars.
The pound is a pound
For a euro!
I was thinking aib maybe at around 95 cent. They were around 5.78 two years ago.
Buy the US$ in my humble opinion.
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Do you think the dollar will still be the world reserve currency after this. Genuine question
What’s the alternative?
A mix. A global currency
Can’t see it. The world will look for stable and familiar; not more upheaval once this bastard thing has passed
How do you value assets and debt.
The IMF are going to have to reset. Debt forgiveness and a new currency, global reserve will stimulate recovery, possibly.
Going with tradition, nobody will have money.
Yes. There’s really no alternative.
If the US devalues the dollar, which will almost certainly happen. There’s no way the EU and China will want to continue with the status quo.
In the worst case scenario where this continues for six months or more there will be enormous issues, but relatively the US can deal with them better than the EU. Just as the US recovered from the financial crisis better than the EU. The EU is largely impotent.
More likely I think is due to treatments and maybe an earlier vaccine than expected, we will get back to sort of normal in a few months. There again the US will do better, because most of the top corporations in tech and industry are American.
I honestly think China will do very badly out of this, sure they can expand more in Africa, but most of their neighbors in Asia don’t trust them. For good reason
I’m just spit balling here. Was talking to a money man in the states and his prediction was debt forgiveness and a new global reserve. He is quite clever.
I really don’t want to get political about it. I’m not a money man. Just wanted to get your spin on it, you’re strong on economics
I’m not really 
If things collapse I would agree with him, there will have to be a massive reset like the 1930s.
I don’t think it will come to that, but maybe that’s me being optimistic.
How much longer before massive collapse? Almost all sectors are paused.
The only sector going is health. Governments are burning through reserves to subsidise the effort. 2-3 months max you’re looking at a global reset
And what choice do they have in current climate? China is going to get whacked around the ears internationally when the dust settles. Theuve also also got, let me just check my figures here a sec- oh, a metric fuckton of US$ in reserves and owed. Won’t want that devaluing
The EU will take some while to sort it’s own house out. Can actually see the far right using the whole situation to create more destabilisation of the eurozone ideal. Be quashed but as I say, I believe it be a while before EU looks at anything on that front.
Be a good while again before pushes to unshackle from US$ I think
If everything resets to zero then all bets are off. I’d stay a million miles away from currency right now
The eurozone will come under massive pressure. During crisis people look inwards. But also, you can see pressure happening at the federal level in the United States. Unions are questioned at times like this