We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Litore Lapis who wrote (63094)12/8/2019 1:48:34 PM
From: Elroy Jetson  Read Replies (1) of 64508
With the precipitous decline in the Pound facing Brexit, I continue to find many items cost less at than on - even after factoring in added international shipping.

Following Brexit I suspect the Pound will remain a very weak currency with an ongoing devaluation like China formerly used to boost their exports.

Like China the UK will experience much higher domestic inflation rates as a result.

The devaluation - inflation twins cut export prices by:

a.) magically reducing most wages and business profits;

b.) ginning-up the profits of capital-intensive businesses by devaluing their fixed investment cost;

c.) creates a rise in taxes paid, as profits move ahead of depreciation, which will help the UK deal with their worsening governmental budget deficits.

Someone will need to periodically remind whinging UK voters that they were the ones who voted for this outcome.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext