The general consensus yesterday was a 6 month sterling rebound.
Any thoughts?
The World is fucked, and I’m only slightly exaggerating
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That’s my bro’s opinion.
What does your sister think?
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Nobody can predict that far out, especially with all the uncertainty. I would say we are more likely to see 1.1 with the USD before we see 1.5 again.
We are in a vicious cycle of boom & bust that ultimately will require a massive bust. It has always been so, but we are building up to a mega bust.
The current cycle began at least as long ago as the Russian Rouble collapse/LTCM collapse in 1998 and probably much further back. In order to save the world financial system they pumped it full of cash indirectly causing the Tech bubble of the 00’s. To recover from the tech bubble they again slashed rates causing the housing bubble, to recover from the housing bubble they began an unprecedented program of pumping free money into the Worlds economy causing what’ll eventually turn out to be a debt bubble. Their better economic understanding and lessons learned from the great depression have staved off the end of the World for the time being, but it’s like going for the cure after a night out and ending up getting locked again, over and over, eventually the hangover you’ve postponed will kick in, in a major way.
The core problem is that Americas insane ability to consume absolutely every piece of shit product the World can produce has kept the World ticking over. Their consumption is probably peaking now and the crippling levels of personal debt there are going to destroy the country. The great white hope was that China would fill the consumption gap, but that hasn’t really happened as yet.
Marx was right the workers will eventually rise up and over throw the system, look at the debt burden around the necks of US college students for example. It’s inevitable.
That said we could tick along like this for another 20 or 30’s years skipping from crisis to crisis. But ultimately we need to hit the reset button and the only realistic way out of that now is a major global war.
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Do you have any more good news?
Ya, there’s nothing we can do about it, so don’t worry be happy, enjoy the smaller things
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I don’t see how this will have any bearing on us beating Clare ?
A war is about your only hope 
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Sadly we are sending our troops out with tactics unsuited to modern warfare. We’ve been promoting our generals based on patronage rather than skill for years and the rot has seeped down to the trenches.
They are Limerick Lions led by Donkeys and they will be mowed down in the killing fields of Thurles.
Fortunately we are not up against an aggressive force, but rather a defensive one likely to hold their positions and as such unlikely to breech our weak defensive screens, which is lucky as we have nothing in reserve
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That’s a cracking post.
She’s not in the industry pal.
When will the Germans have to underwrite the whole Deutsche show? Now that could be a fair drag on the euro
If I could like that twice I would
I haven’t a clue what he was on about but I gave it a like for you.
That’s understandable
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The uncertainty in the markets over the last 12 months is primarily down to the over supply of oil due to the Saudi’s pumping to capacity to kill off those fracking cunts ,China’s slowdown in consumption of minerals and everything else has also had a massive effect.
Sterling will recover, at least they can lower interest rates in the morning if needs be.
The likes of those property funds like Davys etc suspending trading today is great to see. Shower of cunts to a man anyway.