What is Digg?76 Comments
- gtluke, on 10/22/2008, -0/+18i think he's confused as to why someone might be reporting some almost pro-american news on digg.com
- SteelChicken, on 10/22/2008, -3/+19Back when the news of the US dollar was dropping, all the Euros came out in droves and rejoiced at the crumbling of the American dollar. PAYBACK IS BITCH YOU LIMEY BASTARDS.
(dont take that seriously, its all in fun) - Tanktunker, on 10/22/2008, -2/+13No it doesn't.
It means less British pounds are being bought than are being sold.
How high a currency is says nothing about how powerful or stable the country's economy is. - Akaricloud, on 10/22/2008, -1/+10Hell I think we Aussies have a better case to complain about. Around a little over a month ago the Australian was worth something like .95 of the USD, we dropped to .60 a week ago and are only back up to .66 today.
Seriously sucks. - vilago, on 10/22/2008, -0/+8it doesnt really matter that much. currency value in a global sense doesnt necessarily tell you a lot about the way the individual economy is doing. so if your wondering the dollar gaining against the pound means that the US economy is getting slightly better...think again :)
- protodon, on 10/22/2008, -1/+9Score! Trips to the UK, here I come!
- inactive, on 10/22/2008, -1/+7Depends. Are your British or American?
- inactive, on 10/22/2008, -2/+7Actually, what this means is that the British economy is sucking more than the US economy. We are doing better...relatively.
- Rockkybox, on 10/22/2008, -2/+7'Read. Know. Do.'
Stop. Trying. To. Be. Profound. You. Racist. *****.
(way more effort than it looks) - dukeeeey, on 10/22/2008, -1/+5When you 'print' tonnes of money for a 'bail out'
inflation is what happens
think Zimbabwe - vilago, on 10/22/2008, -2/+6ok i guess we should all be muslim then
- lofi4life, on 10/22/2008, -1/+5@seeingright. Don't you realise the hypocrisy of labeling a whole bunch of people that are different from you as "snobs"? News Flash: British people are not all like the bad guys in American movies. If I were to judge all Americans(I am making an assumption that you are American) by how you behave, I would wrongly think that you are all ignorant *****.
- vilago, on 10/22/2008, -1/+4I'm Briterican.
- vilago, on 10/22/2008, -3/+6anti-sementic much?
- derekJAB, on 10/22/2008, -1/+4I don't think we ever rejoiced. 2 dollars to the pound was ridiculous. 1.50 is probably about right.
- gwyrth, on 10/22/2008, -1/+4Who rejoiced? I think it more likely to scare the crap out of them since other countries have so much invested in the US...as indicated by the world-wide recession...
- representDLV, on 10/22/2008, -1/+4Wow.
- orlyfactor, on 10/22/2008, -1/+3Thanks for your insight, Eichmann.
- edebolt, on 10/22/2008, -1/+3it hit 1.62 versus the dollar during the asian session. No question the GBP is the weakest currency of late. Selling the GBP/Yen has been lucrative of late. If the GBP cannot hold this support area then the next strong support is 1.40 versus the $.
- poidh, on 10/22/2008, -1/+3Ummm, you've just described the Islamic caliphate, which has nothing to do with Jews.
- Nymphe, on 10/23/2008, -0/+2This is deflation due to credit/debt destruction making the real dollars floating around the world worth more. What we are witnessing is the largest margin call in history. Once the deleveraging is at tolerable levels, the dollar will sink again.
- mntalkase, on 10/22/2008, -3/+5Alright... I'm confused here. Isn't the Dollar gaining against the Pound, a good thing? Somebody, help me out as to why this is happening.
- rrife, on 10/22/2008, -1/+3Kind of, it means investors and other countries are not buying as much of the currency.....which usually indicates a lack of trust in that government's ability to increase the value of their own money.....so basically the buyers think the seller's economy is sucking so they're dumping the seller's currency.
- mickstephenson, on 10/22/2008, -2/+4@seeingright, the "old blue bloods" are the more likely the right wing corporate ***** that sporned the likes of you, elitism is something more correctly attributed to right wing capitalists like yourself, bashing other peoples country and saying you own is brilliant is the action of a snob, how can being liberal be associated with blue blood? you are an idiot.
- pingudownunder, on 10/22/2008, -1/+3yep ... the Aussie Dollar is officially worth less than a coke bottle cap.
Which is crap for us because we can't afford anything from abroad anymore. But great for our industry because it'll be cheaper for tourists to come acros... oh wait ... nobody can afford holidays anymore particularly with at least 12 hour flights to get here ... bugger.
Even worse - its about 40p to the Aussie Dollar. ffs. The Poms'll be gloating over that.
Still, 5-0. :-) - DrDragun, on 10/22/2008, -1/+3If it keeps falling, then terrible American tourists will be upon you. Actually, that probably isn't too scary because the UK has a comparably negative reputation for its tourists.
- ozroy, on 10/22/2008, -1/+2It's bad for me. I live in the UK and am going to the US end of this month :(
On the plus side the Australian dollar sucks even harder, so sending money back home is good :) - SatoriSeeker, on 10/23/2008, -0/+1Deflation in the money supply causes the dollar to go up, relative to the inflating and deflating of other currency's money supplies of course. From an economics point of view that's a major factor. We have a bit of deflation now because when debt is defaulted on then that part of the money supply vanishes. This is just one way to explain it / look at it, of course.
- voodoochilli, on 10/22/2008, -1/+2Yeah, I'm sure its all their fault...That would explain the housing crisis (blessing form me - now I might be able to afford a home of my own)...its their fault the world is using more resources than are actually available, and its their fault the world is total screwed. Thinking about it isnt global warming just another Jewish crazy idea, a bit like that crazy theory of relativity that is just a theory anyway, like that evolution thing they keep talking about outside the abortion clinic I like to protesting at?? And yeah, Sarah Palin must be a Jue.
Grow up - fool! - funkywood, on 10/23/2008, -0/+1It's really bad for me. I'm living in the US earning pounds. And the most expensive state, Hawaii right now too. Thankfully I'm off to Australia soon and as ozroy says, that's down even more than the pound.
Oh and it's nothing to do with the US doing relatively better, it's because all the money that was borrowed by now panicing banks was in low yielding dollars and Yen which they are now scrambling to pay back. Japan certainly hasn't had an economic boost and neither has the USA. Things are still screwed. - vilago, on 10/22/2008, -1/+2"better" is so relative right now
- bees4slippers, on 10/22/2008, -2/+3Does this mean we're going to be invaded by tourists heading towards our hotspots (read:Milton Keynes) on cheap holidays?
- inactive, on 10/22/2008, -3/+4Tanktunker:
Yes it does. Despite our tanking economy, US Dollars are seen as a better investment than Those of other tanking countries. - flashingcurser, on 10/22/2008, -0/+1The US dollar was simply a head of the curve. It fell early, making other currencies look strong. Other currencies are now falling to more traditional exchange rates with the dollar. I see this as more of a market correction. If other currencies fall significantly below this, then start to worry. Especially since the bailout, the US dollar should have lost some of its value.
- NomortaL1, on 10/22/2008, -1/+2wow! thats huge
- TrevorBradley, on 10/22/2008, -1/+2Gold is just an arbitrary rare shiny metal used as currency.
I say bring back salt! (At least we can eat it!) - nub4life, on 10/22/2008, -1/+2Canada too, though not as drastically.
- poidh, on 10/22/2008, -1/+2I don't think they did print the money. I think they borrowed it from China and Japan.
- ATLien74, on 10/22/2008, -1/+2So does this mean a trip to London may actually be affordable now?
- Noodleson, on 10/22/2008, -1/+2and then, tacos
- inexion, on 10/22/2008, -1/+2time to buy some currency
- Jeffler, on 10/22/2008, -1/+2Canada just went from 98 cents to 82.
- wellgood, on 10/22/2008, -0/+1You have a point
- funkywood, on 10/23/2008, -0/+1What he said
- Tanktunker, on 10/22/2008, -1/+2unreg:
Latvia's currency is higher than America's. - sheasie, on 10/22/2008, -0/+1Actually, I think the reason the US Dollar is so "strong" right now is because US real estate US companies are so cheap. So there is a lot of foreign interest to buy this stuff-up on the cheap. As a result, there is a lot if demand for US dollars. Bottom line: America is having a fire sale, and the entire world is invited.
- theutopian, on 10/22/2008, -1/+2Sweet! I hope it gets to $1.50 before my next trip to England!
- kravex, on 10/22/2008, -1/+1That settles it, I won't be buying Left 4 Dead off Steam, boxed version will be cheaper.
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