My sentiments exactly. I have friends in UK. I should have bought soem Property a few years ago and I would be a multimillionaire by now.
Location location location, UK will never be backwater, japan is backwater
that is thier location exactly, backwater.
I also shouldn't again need to explain the demand for foreign currency.
Lowering the rate in UK may help them some but not as much as it may hurt them and they are better off keeping it the same and weathering the storm.
As I explained before and I think it is a matter of fact coming from another 50 year market guru. The rate of interest associated with a countires currency determines the worldwide demand for that currency. Why do you think the dollar is going to hell, the main reason IS 8 or 9 rate cuts in in less than a year or whatever the exact stat is. The lower a country lowers its inerest rate the MORE people (foreigners), that will pull their money out and take it elsewhere. As far as Japan, they are all saving their money! and loaning it to us for peanuts, no one is bringing their money to japan like they are to NZ or GB or Iceland or Australia. it is a fact that the countries with the highest currency interest rates import more funds from other countries by way of investments than countries with lower interest rates. So no matter how high tech and new japan is, they will never surpass the UK in their interest rate
DURING MY lifetime, And I have at least another 44-81 years to go.
Quote:
Originally Posted by trav72
you can buy a modern two bedroom town house in london for 250,000 pound....well i did... when you travel the world make sure you got pound in your wallet.....when the world is in crisis be sure your sitting on the side iff the west and the brits...the usa is falling from grace but the uk will remain...they have and always will be the epicentre....old and moldy, that is what they are.....but where they are and where they remain is at the top as they have for the last 500 years.....just like the guppy,,,, the liitle japanese trying to drive the grand old lady down........only to be laughed at and stampled on by the charging sterling bulls
go the pound up up up!
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