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© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Rate hikes, inflation tug Asian shares, British pound lower
By YURI KAGEYAMA TOKYO©2024 GPlusMedia Inc.
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Axel
The UK "elite" was tripping over itself to be the front man in US/NATOs confrontation with Russia. Dumb, dumb, dumb. Like the Romanian commanders at Stalingrad asked and the Germans and were quickly granted the privilege of being the first to storm Stalingrad...... Trotsky said, "history repeats. First as tragedy and then as farce." The UK has been turned into farce.
I just hope Japan can get out from under the American jackboot very soon or I fear it's heading down the same path.
Wakarimasen
If all of this doesn't signal an imminent economic and financial crisis I don't know what does.
FizzBit
Selling England by the Pound.
Tell_me_bout_it
BOJ's lame attempt to buy JPY lasted for like what, 2 days?
it's back on track to JPY150/USD.
I have officially lost hope for JPY.
fxgai
Some of us get it :) Classic
FizzBit
Hi Eric, it’s an old Peter Gabriel Genesis album title from 1973. Their 5th album, though Trespass is my favorite from 1970.
fxgai
Selling England was the first Peter Gabriel Genesis album I bought, and yeah it’s probably my favorite of his ones. Love Firth if Fifth.
But yeah for those who don’t k ow what we are mumbling about, the album was written at a time when the UK was in a rough patch, I gather, and it is perhaps a similar kind of time today.
I am a big supply side fan though so rooting for Kwasi Kwarteng’s plan to be a success. Need a gutsier central bank though.
FizzBit
Just assume piano.
Well word is he’s a genius. I hope he works out for ya’ll.
wallace
Yesterday, with the dollar rate, selling mortgages were suspended. Not much help for the poor with their cost of living struggles. Many decide between taking a bath and heating.
Harry_Gatto
Clueless Truss and her equally clueless Chancellor have driven the Pound down.
Eric
I think everyone gets it. It's just not particularly witty or funny. Don't mean to say it's the opposite of that either. Just neither here or there but I can assure you, you aren't in any kind of exclusive club because 'you get it'.
kurisupisu
It’s an exciting time in the UK
People are getting a leg up to combat inflation.
More money (tax cuts) means more discretionary spending.
I’m looking forward to making more money off this novel economic approach.
Messrs Truss and Kwarteng, I salute you!!!