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Scott-Mc

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#1

Financial Crisis

10-10-2008, 07:28 AM

Just wondering on the flip side who has benefited from all this panic.

It has benefited me in the fact that the dollar is coming back on the pound and being from the UK and 99% of transactions being in USD that can only be a good thing.

So has this actually benefited anyone? Anyone actually taken advantage of it yet?

My bright idea is to start an ebay store to sell safes, although not going to bother I thought that was a good idea

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#2

10-10-2008, 07:33 AM

My dad who has always been a savy investor is making a killing right now. he loves this shit.

Me on the other hand, i have seen my retirement fund poop right in my asshole. I have some money burning a hole in my pocket and I'm thinking about taking some tips from the old man in the next week.

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pornguy

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#3

10-10-2008, 07:34 AM

Same with me and the Peso.

But in the long run it will equal out with the lower sales to the exchange rates.

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Scott-Mc

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#4

10-10-2008, 07:41 AM

Originally posted by pornguy

Same with me and the Peso.

But in the long run it will equal out with the lower sales to the exchange rates.

I guess depending on the type of market and what sales are needed that may be a problem if sales rates lower. Are you seeing that just now?

Again doesn't really effect me just now, most is all reoccurring who are not going to be canceling anytime soon. In fact quite the opposite with lots of companies going bust and people needing to move brings lots more business, although preferred not.

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Scott McD

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#5

10-10-2008, 07:46 AM

We almost have the same GFY handle...

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Ross

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#6

10-10-2008, 07:47 AM

I'm earning 20% almost more on my own currency (GBP) so that makes life that little bit easier. Not sure how much this whole credit crunch will effect me in the long run but so far I'm not involved in it all. I hope I don't live to regret saying that.
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Scott-Mc

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#7

10-10-2008, 07:47 AM

And are from the same place Well I am not technically from glasgow, just live close to it.

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Scott McD

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#8

10-10-2008, 08:24 AM

Originally posted by Scott-Mc

Well I am not technically from glasgow, just live close to it.

Snap !!

10 miles to be exact...

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1200mics

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#9

10-10-2008, 08:47 AM

I'm not complaining until $ is raising
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Fucksakes

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#10

10-10-2008, 08:49 AM

Originally posted by Ross

I'm earning 20% almost more on my own currency (GBP) so that makes life that little bit easier. Not sure how much this whole credit crunch will effect me in the long run but so far I'm not involved in it all. I hope I don't live to regret saying that.

same here!
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Vendot

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#11

10-10-2008, 08:53 AM

Originally posted by Scott-Mc

It has benefited me in the fact that the dollar is coming back on the pound and being from the UK and 99% of transactions being in USD that can only be a good thing.

YOU STUPID SCOTTISH IDIOT!

The pound is falling against all currencies, the dollar bear market is over. What this means is that the pound may well be falling against the dollar but you're gonna get more inflation now that interest rates are down.

Your pound will buy less and is worth less NOT more.

Last edited by Vendot; 10-10-2008, 08:54 AM.

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