British Pound Breaks Through $2 for First Time in Nearly 15 Years

[Unspeaked]

Can someone point me to the nicest public bench in Hyde Park?

The key is to find one under a tree - shade from the sun and cover from the rain!

Of course, you could always sleep under a bridge... there's lots of them.

 

[NavyIntel007]

The British Middle Classes don't do Orlando. It's all Europe, South Africa, the Galapagos and New Zealand with them I'm afraid. Expect Orlando to be full of the roughest looking Brits you can possibly imagine, all beer bellies, sunburn and drunken behaviour. It's very affordable now.

Enjoy

The Euro is at an all time high as well ($1.36...). I would say that Europeans buy more from the US than we do in return. The currency I'm really worried about is the Yuan.

China is easing their peg on the US dollar which means they're buying less US debt to keep the Yuan deflated. If that's the case, interest rates will go up (as will the US dollar in the short term) to pay for this F'n war. It is my belief that the US economy, while fairly healthy is balancing on a tightrope. China has pumped up our economy like a balloon. Interest rates will be the kicker to pop the sucker.

China has problems too though. Their people are demanding higher salaries and the dollar is continuing to devalue against the Yuan. If the Yuan rises too fast it will practically destroy their manufacturing base overnight and kill the US economy until we can figure out a way to manufacture stuff again.

Or perhaps nothing drastically bad will happen. The good news about the global economy is that it seems the interconnection should keep markets relatively stable. Ideally when one is down others will pick up the slack and eventually pull the one up.

Fiscal responsibility by our government is the only thing that will pull the dollar back up.