(, Tue 4 Apr 2017, 16:30, Reply)
and the only reason that people aren't buying your goods or services is that they can get them cheaper elsewhere, on a subjective level, your currency is overvalued. When it becomes widespread among exporters that this is the case, objectively your currency is overvalued.
www.amazon.co.uk/Economics-Dummies-Peter-Antonioni/dp/0470973250
(, Tue 4 Apr 2017, 17:09, Reply)
Well if it's over valued I'll give you 90p each for all your quids.
Fair's fair.
(, Tue 4 Apr 2017, 17:14, Reply)
(, Tue 4 Apr 2017, 17:25, Reply)
An economy that has higher costs (especially labour costs) than another will have a currency that is overvalued in comparison to the lower cost economy. This is super fucking basic macro economics. Have you ever read the business pages in a newspaper in your entire life?
(, Tue 4 Apr 2017, 17:41, Reply)
Thanks for playing though
(, Tue 4 Apr 2017, 17:50, Reply)
But this doesn't stop you constantly spouting inane bollocks. Tragically you have the vote too.
(, Tue 4 Apr 2017, 17:55, Reply)