New Home Owners And Snagging Forum

Investments => Financial Markets and the economy => Topic started by: The Prophet on October 12, 2011, 10:23:03 am

Title: The depreciation of your money and wealth
Post by: The Prophet on October 12, 2011, 10:23:03 am

In the early 1970's the pound lost 60% of its value against other currencies and it is happening again!
The same conditions and criteria are here today, increasing budget deficits, the authorities engineering (via QE and other methods) a controlled depreciation and real negative interest rates due to the resultant high inflation.

So what about now, well the pound has fallen 25% from its peak in 2007 already.
Well done Mervyn King!