Grendel
Well-Known Member
You are funny astute. You've just spent the last god knows how many page's denying that the pound has crashed. All I've done is point out the facts and provided links to them facts. You've even tried re-writing the definition of the word crash. As well as trying to redefine what constitutes whether we are or aren't in recession. Just to recap it's a measurement over two quarters not two weeks.
The fact is that not only has the pound crashed it's crashed across the board to everything that I can see except the Argentinian peso. A presentation of fact's is not wumming. It's proving your assumptions wrong. Sorry it doesn't fit with you but unfortunately facts are facts.
Still, it's a new week ahead and who knows what will happen. Maybe the shares in the house builders will continue to improve, maybe the pound will start to bounce back, maybe you'll notice. Who knows.
Unfortunately you seem to not actually accept that markets always react badly to uncertainty. Also they always recover.
The markets have had sustained periods of depression before - including one catastrophic period when we stupidly tried to tie ourselves into the Euro interest rate strategy - this is a small period of time. The pound has been lower before against the dollar and certainly against the Euro so all you are spouting is mass hysteria.
We've had far worse sustained economic concerns before and let's be honest it never once impacted the vast majority of the country as this won't.
You seem to have some huge issue as you work for a company that imports from the US. With respect that's not an issue of any relevance to any of is and providing your management have responsible and prudent practices will not impact them long term either. If prices really had to increase already that's a sign of an issue with your business and it's lack of prudence and risk assessment - nothing else,