not sure what boat you think I'm in

but I can guarantee it's not as nice as you think it is. Yours may even be better.

Higher import prices don't make you poorer unless everything else remains the same. Which it rarely does. So it is a case of 'swings and roundabouts' for everyone.

If I was a betting man, I'd say most of us won't really see much practical difference in our day to day lives.

Did you feel richer when the £ was at its highs vs the $/€? I can't even remember when that was, so I certainly didn't. Maybe imported fruit & veg was a bit cheaper. I probably spent the savings on booze instead so was no better off.

Posted By: CWC on October 7th 2016 at 16:19:43

Message Thread

More people should understand this. Article from a week or two back (General Chat) - Tricky Hawes, Oct 7, 13:04:28
- Look out Tricky is moaning again as politics has gone against him (n/m) (General Chat) - Boris, Oct 7, 17:59:56
- The € has fallen against the $ as well, though not quite as much (General Chat) - Higher Wrather, Oct 7, 14:23:47
  - 'not quite as much' (General Chat) - Tricky Hawes, Oct 7, 14:46:17
- Who was the historian who said, when asked about the long term effects of (General Chat) - dennis moore, Oct 7, 13:48:10
  - Not a historian - was the Chinese leader Zhou Enlai (General Chat) - Tricky Hawes, Oct 7, 13:51:33
    - oi oi, Stephen Fry in da house (n/m) (General Chat) - Old Git, Oct 7, 13:55:35
    - (Actually, for completeness - the Chinese reckon it was Kissinger who asked the question, (General Chat) - Tricky Hawes, Oct 7, 13:55:12
- Nobody really knows is the bottom line and nor will they until...... (General Chat) - Kirrie, Oct 7, 13:40:06
- Good read, thanks. Where was it from? (General Chat) - Old Git, Oct 7, 13:28:44
  - FT (n/m) (General Chat) - Tricky Hawes, Oct 7, 13:31:02
    - Oh (General Chat) - Old Git, Oct 7, 13:39:11
- it's a guess (General Chat) - paulg, Oct 7, 13:26:37
  - VMT (General Chat) - CWC, Oct 7, 13:40:23
  - The drop in sterling isn't a guess, it's actually happened (General Chat) - Old Git, Oct 7, 13:36:39
    - Fat finger!...or better still, dodgy algorithms..... (General Chat) - yellowman, Oct 7, 13:56:52
      - As has been said about 4 times, ignore the volatility last night (General Chat) - Tricky Hawes, Oct 7, 13:59:03
        
        Ok,just an observation on the fickle nature of markets/money. (n/m) (General Chat) - yellowman, Oct 7, 14:04:43
    - but the FTSE 100 is through the roof - swings and roundabouts. (n/m) (General Chat) - Kirrie, Oct 7, 13:43:04
      - unless we can pay for imported goods (including raw materials) and services using shares (General Chat) - Ralf Scrampton, Oct 7, 13:49:03
        
        well it is (General Chat) - CWC, Oct 7, 14:01:19
        
        the majority of us are not in the same boat as you (General Chat) - Ralf Scrampton, Oct 7, 14:05:18
        
        not sure what boat you think I'm in (General Chat) - CWC, Oct 7, 16:19:43
        
        You don't feel poorer because it hasn't fed through into prices in the shops yet (General Chat) - Tricky Hawes, Oct 7, 16:23:11
        
        It is if you're a shareholder (or your pension fund is) (n/m) (General Chat) - Old Git, Oct 7, 13:57:17
        
        Yep. Pension funds doing very well out of it now. (General Chat) - Yellalee, Oct 7, 13:59:02
      - Sigh. This is where people need to better informed (General Chat) - Tricky Hawes, Oct 7, 13:47:39
        
        *smug face* (General Chat) - Old Git, Oct 7, 13:53:09
  - where was the guesswork in there? (General Chat) - Tricky Hawes, Oct 7, 13:35:55
    - Didn't you get the memo? Facts are so 2015. (n/m) (General Chat) - bird table, Oct 7, 14:23:42
- Haven't read all of that, but yes. (n/m) (General Chat) - APB, Oct 7, 13:05:19

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.