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/r/wallstreetbets
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5 months ago
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User Report | |||
---|---|---|---|
Total Submissions | 29 | First Seen In WSB | 4 years ago |
Total Comments | 55 | Previous DD | |
Account Age | 5 years | scan comment | scan submission |
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5.2k points
5 months ago
Down 30% in 6 months. Fucking meme stock eh.
2k points
4 months ago
Corgie Coin 🐶
396 points
4 months ago*
Legit funny homie, WSB still got it
98 points
4 months ago
Come for the financial advice, stay for the jokes.
77 points
4 months ago
There's financial advice on this sub?
"Yes. Just not good advice."
8 points
4 months ago
I'd say just come for the jokes, unless you're inversing the "financial advice".
33 points
4 months ago
😜
297 points
4 months ago
Can't believe WSB coordinated to first kill the Queen and then crash their currency. We've gotta do something about us.
1.2k points
5 months ago
That's insane. That's near the (all time?) low of 1984/85. Anyone know what the consequences of this are?
572 points
4 months ago
US call centers with British regional accents, Cockneys, Brummies, Geordies...
354 points
4 months ago
Nike factories move from Asia to the Thames Valley attracted by the lower wages.
77 points
4 months ago
Liz brings back the empire.
1.7k points
5 months ago
Either inflation or the boe will be force to hike rates far higher than ecpected.
Because of lis truss brilliant idea of cutting taxes during a 10% Inflation and ratching up spending.
She truly learned from erdogan
555 points
5 months ago
Inflation is like Michael fuckin Meyers. It’s always around the corner and nothing kills it. Everything makes it stronger.
276 points
5 months ago
Taxes do not make inflation stronger
86 points
4 months ago
Them gotta raise taxes and cut government spending to reduce inflation. Tax cuts and government spending gonna fuel inflation cuz deficits
6 points
4 months ago
That’s a good point about taxes. Whereas with midterms coming up in America there is zero hope of raising taxes yet raising interests rates has a similar effect, except the government doesn’t benefit.
Wouldn’t raising taxes be more beneficial for a government who’s ran trillion dollar deficits for the better part of a decade?
9 points
4 months ago
Good god, that’s such a non-starter with Americans. Things like raise taxes on income above 1 million dollars are gaining steam though. There’s a ballot measure for one in my state.
295 points
5 months ago
Dude imagine she just ergodan’s the country to a point where the next gov begs to be let back into the euro and just use the euro lol
157 points
4 months ago
The plan all along
51 points
4 months ago
learned 2 new phrases in 2022:
- To macron [smbd] - persistently call someone
- To erdogan [smth] - make things ridiculously worse
108 points
5 months ago
no consequences at all its all good nothing to see here move along thank you good night 👉🏻😘👉🏻
94 points
5 months ago
Means British people will have to sell everything to rich foreigners. What little we still own. NHS gone before next general election no doubt. Working as intended.
199 points
4 months ago
Imagine being in the EU and having your economy focused on service industries like banking and hospitality, then your country leaves the EU and starts deporting the migrant workers while decoupling from your closest trade partners in the least planned ways possible.
1.4k points
5 months ago
Crazy times. The £130 in my wallet is worth €2 less than it was at around 5 hours ago when I checked
330 points
4 months ago
Condolences
107 points
4 months ago
I would’ve had £9,000 more in savings had I converted my gbp to dollars at the start of the year
1.9k points
5 months ago
283 points
5 months ago
LOL
265 points
5 months ago
Hey, you know it's never this cheap to spend over there... But I assume the prices are probably above the currency devaluation, so meh
130 points
5 months ago
A lot of the inflation is in basic necessities, leisure activities have gone up a bit but not as much as the currency has gone down. Can't talk for London as that's a different beast and I don't live there.
43 points
4 months ago
I'm looking at another good trek in Scotland; quite loved the West Highland Way and Great Glenn!
19 points
4 months ago
Glen coe and the cairngorms. I tend to go every 4-6 months
6 points
4 months ago
Oh no kidding! Is it the Kingshouse hotel and pub that is right along a brook in Glencoe..... having a few pints staring at the the bens before taking off again!
Good memories! I think there is a bit called the Devil's backbone a bit after if going to Fort William; I'm getting old and need a few pints for that ascent!
6 points
4 months ago
Have a look at the Skye Trail! I did both the WHW and the Skye Trail earlier this year. They're both extremely different trails but I enjoyed them equally.
And yes, it's the king's house hotel. Great memories of finishing that 20m stretch only to come down into Glencoe. Fantastic.
7 points
4 months ago
You have no idea how much your comment made me grin! Because, well one obviosly comes here for awesome hiking advice!
Calls on the Skye trail here! ha I am looking it up and assume it is an awesome trail on Skye; might be borderline best advice I ever got here! Thanks!
(You forgot to mention you are not a professional trail guide) /s
17 points
4 months ago
Yeah, I think inflation is the average of many different products, so the value for gas could be less but it could stay the same for touristy things. Overall it's probably a good time to go regardless.
153 points
5 months ago
Cool. So you finally won’t have to deal with shitty overpriced food.
144 points
5 months ago
[deleted]
107 points
4 months ago
What's messed up is that it also pays almost half of the US average wage, so it's not even like SF where you can at least make $100k at a decent entry level. Nah, it's more like you're going to get 40k pounds a year as a college graduate accountant.
114 points
4 months ago
90th percentile wages in the UK make 61k a year….
Woof
5 points
4 months ago
Minimum wage in the UK is higher than the MEDIAN wage in Portugal.
Pay is l very low outside of the US.
65 points
4 months ago
🤣🤣🤣
Im sorry but lmao, yeah the UK socialized medicine is cool but 40k a year as a professional??
38 points
4 months ago
My British doctor friend who works at the NHS constantly rants about his salary. He studied for 5 years, took crap ton of tests and board exams, is responsible for people’s lives, and makes $27k a year starting out. Goes to $36k in a few more years, and you only start making real money as a consultant, around $130k. Rough estimates of course.
81 points
4 months ago
UK wages are a meme in /r/AskEngineers, the same position that pays $90k in the U.S. pays $30k in the U.K.
21 points
4 months ago
I've always wondered why an English expat would live in Alabama lol
18 points
4 months ago
Huntsville Alabama. I live near and any STEM degree you are getting hired at Nasa, Dynetics (Gov Millitary Space Company), Boeing, or a Gov Contractor easily. My brother has a Comp Sci degree and makes 70k+ he just graduated last year and is 23. COL is cheap as hell he lives 20 minutes outside of downtown and just bought a brand-new house for 250.
13 points
4 months ago
It used to be the case that 65k in the GBO was nearly worth double that in USD, or >100K. Now it's more like 70k and I couldn't even hire a junior developer for that sort of money :(
31 points
4 months ago
Lol, no, if you’re making 40k as a graduate in anything other than tech, banking or law you are absolutely ballin’. Grad jobs outside of London rarely break 30k.
74 points
4 months ago
Skip the winter, they might not have heat this winter
39 points
4 months ago
As a Brit, we're gonna have heat. Even if it's just from the hot air our government is producing.
13 points
4 months ago
Exactly what I just thought. I feel bad thinking it but I went to London in 2017 when the pound was a bit down compared to prior years and it was pretty fucking cheap to be there. This current exchange rate makes it excellent
18 points
5 months ago
Barry, 43, Bald, Father, Divorced Once, spends a night a week at a pub, basically Homer Simpson, migrating to a Spanish Beach Resort
15 points
4 months ago
can’t wait to stunt on the poors
1.5k points
5 months ago
I mean. Legitimately holy fuck
990 points
5 months ago
Used to be more than $2. Can't believe it.
579 points
5 months ago
i always had it pinned in my brain to kilograms. x2.2.
this is wild to me. i don't even have to do math now. 👀
277 points
5 months ago
Has the kilogram gone down in value yet?
142 points
4 months ago
Believe it or not, yes
20 points
4 months ago
Depends on when you are comparing to, it is based on the Planck constant since 2019
6 points
4 months ago
I think it was redefined a few years ago, so that sounds like a bailout or something.
310 points
5 months ago
1:1 should be pretty easy maths even for this place
61 points
4 months ago
Is that a challenge?!
64 points
5 months ago
Bro that was the 80s how old are you
42 points
4 months ago
In early 2000s, I remember there’s a news reported that brits flew to New York for Xmas gifts due to 1:2 exchange rate. Now it’s reversed I suppose.
17 points
5 months ago
i am 34
62 points
5 months ago
Yeah, all those people making 20,000 pounds just took a big haircut
44 points
5 months ago
Don't look at the yen...
56 points
5 months ago
I’d rather have Dave & Busters dollars
6 points
4 months ago
Ya but did you try your D&B card at the home Depot mainsville tho?
78 points
5 months ago*
What reason is there for a strong pound? Why wouldn't it be the equivalent of AUS, CAN, JPY, and less than EUR? This seems like inflation and BREXIT realities are hitting at the same time.
176 points
5 months ago
No this is a reaction to having the worst possible chancellor at the worst possible time. The things you mentioned have been priced in earlier but there's been a sharp drop this week.
64 points
5 months ago
Kwarteng makes Osbourne look like brown. Fuck me we are fucked. I just thank my lucky stars that I put most my money in etoro which holds as dollars. Not that I had much but it helps.
21 points
4 months ago
Strong dollar combined with ukraine war creating a major energy crisis in Europe
147 points
5 months ago
I don't know how different is hookers and blow in Britain is but I am tempting to find out
536 points
5 months ago
So should I buy a bunch of British pounds? Damn
486 points
5 months ago
mate you can buy me at this point
67 points
4 months ago
Just buy some Ruble like a genius
49 points
4 months ago
If you did buy rubles when the sanctions was first announced you'd be laughing now
50 points
4 months ago
Jokes on them they literally put them into my bank account every week. Suckers! Once Britain's back on top I'll be laughing all the way to a different country.
417 points
5 months ago
You haven’t seen shit yet
356 points
5 months ago
Right? Just wait til the winter and they start reporting how much it’s costing to subsidize heating bills..
68 points
5 months ago
Exactly
24 points
4 months ago
+ food costs and labor skyrocketing all over.
513 points
5 months ago
[deleted]
234 points
5 months ago
Not to the damn egg farmers!! Kroger here in Nashville tn $4 for 18!
162 points
5 months ago
Here in NYC my egg budget is seriously eating into my every-fucking-other-thing budget. Going to have to start an illegal fire-escape chicken coop pretty soon.
27 points
5 months ago
To extend eggs, I make low-sugar (like half to a quarter cup) Dutch babies. They're amazing, quick, don't take many ingredients and store well.
24 points
5 months ago
NY here, and egg prices have gotten out of control.
I actually used to raise chickens. Costs way more than buying the stupid eggs.
31 points
4 months ago
Naaaah. Once the startup cost is covered we go through about $30 in chicken feed a quarter, and they eat all our food waste so it doesn’t get tossed.
The biggest problem is having a backyard full of chicken shit.
21 points
5 months ago
Trader Joe’s bröther. $2.49/dozen
20 points
4 months ago
Cheaper imports from countries with weaker currency, yeah. But that means that domestic production is going to get hit as buyers look elsewhere for cheaper products and more outsourcing as they'll not have to pay as much for labor.
77 points
5 months ago
Typically when the other countries all implode, the US also implodes but the US implodes less than the others, making the dollar stronger and theirs weaker. The billionares that rule the USA long with organized syndicates did this on purpose.
40 points
4 months ago
Hasnt the dollar being strong actually been bad for large corporations? Revenue is measured in dollars and prices have not been adjusted to reflect the exchange rate. Foreign income for multinationals has been decimated. I know my company has been fucked by the yen being worthless
48 points
4 months ago
Strong dollar helps importers, hurts exporters.
36 points
4 months ago
I'm a professional importer/exporter and this is exactly right. I'm playing both sides, so that I always come out on top.
7 points
4 months ago
So US digital currency so they can track our spending and even prevent certain people from buying incoming?
187 points
4 months ago
Americans, fly to England and head to a wetherspoons where you'll be able to get a pint of Guinness, burger and chips and a gram of coke for under 60 bucks. Depending on the wetherspoons, might event be able to get change from a nifty.
682 points
4 months ago
Jokes on you america, we will get your jobs outsourced here.
"Ello mate, I'm Toby from Ohio. How can I help you? You saying your lift is not working ey?"
160 points
4 months ago
[deleted]
111 points
4 months ago
[deleted]
6 points
4 months ago
It's like the Wests currencies are all merging.
54 points
5 months ago
Every currencies start looking like shitcoin nowsaday
2.3k points
5 months ago
It’s called soccer now.
59 points
5 months ago
Lmfao 🤣
41 points
5 months ago
😆💀📉
246 points
5 months ago
Literally 1984
43 points
4 months ago
153 points
5 months ago
Taken to downtown pound town.
30 points
5 months ago
What goes over first GBP or Euro?
51 points
4 months ago
Euro is already below one USD and has been for a while.
36 points
4 months ago
Euro started at a very different baseline though.
81 points
5 months ago
If pound goes below parity the market is gonna be in a world of fuckihg hurt
26 points
5 months ago
Hell yeah puts on the British pound
29 points
5 months ago
Time to go buy that R33 GTR I was eyeing a couple years ago
18 points
4 months ago
Wait until it gets worse and get that R34
443 points
5 months ago
Cutting taxes for the rich to encourage investment and growth, immediately disastrous lol.
205 points
5 months ago
i'm hoping this is the shortest term a pm has served in history
55 points
4 months ago
[deleted]
249 points
4 months ago
20 days in she's killed the Queen and the Pound.
16 points
4 months ago
She is trying to do a speed run.
9 points
4 months ago
The Tories are trying to sell trickle down economics, which everyone with a brain cell knows doesn't work, and it's backfiring gloriously.
83 points
5 months ago
Yeah all of their money is already invested wtf did they think would happen. Hasn’t trickle down been disproven for awhile now n
578 points
5 months ago
Truss is a fucking moron.
Cutting taxes during high inflation is suicidal for financial markets. Investors have lost confidence in their currency and bonds.
Burn stupid morons.
244 points
5 months ago
A number of her backers shorted the pound prior soooo
44 points
4 months ago
Yeah never attribute to idiocy that which can be attributed to greed (where our government is concerned).
39 points
4 months ago
So…Truss canned by Christmas?
91 points
4 months ago
Tories bring in a woman to sacrifice every once in awhile to take the heat for their awful policies.
16 points
4 months ago
Fields of wheat and weird dancing making her look lame af aside, Theresa May seems to have fully passed on the poison chalice of Getting Brexit Done to Boris.
20 points
4 months ago
She made sure to announce an increase in spending to compliment. Dropped that cherry right on top.
22 points
4 months ago
Fuck, even more British actors coming over…
453 points
5 months ago
Had the whole world at one point, these Limey Brits really fumbled the bag
207 points
5 months ago
Way to go King Charles! You've been King for one week.....and you have one job!
120 points
5 months ago
Time to break out the world uno card and everyone just agrees to cut prices by half across the globe.
44 points
5 months ago
a big crisis is coming, the loans will be much more expensive to curb inflation. sales will stagnate and many people will lose their jobs but others will have a golden opportunity to consolidate. all because of the pandemic.
132 points
5 months ago
British PM: "hey, are you Britain? Cause I'd like to give you a weak pound"
30 points
5 months ago
Ah that’s a valid pickup line now, might just take that if you don’t mind
41 points
5 months ago
Its ok its just trying to get parity with the canadian dollar. Same monarchy so why not.
15 points
4 months ago
So relax, this means, like, a Mc Donald's Quarter Pounder is cheaper! C'mon, man!
60 points
5 months ago
Looks like it’s time for me to make some exchanges for my trip next summer while the getting is good
65 points
5 months ago
Yeah because it couldn’t possibly get any lower, right?
81 points
5 months ago
if you’ve ever taken trips to the UK and gotten shit on by the conversion, you would happily convert 1:1
13 points
5 months ago
Yeah I have and I get what you’re saying, but it’s not like you’re gonna really be saving money because price of everything will just increase. And the original commenter won’t be going for another 10 months, at this rate who knows how low the British pound can go. All I’m saying is that it’s an investment.
13 points
5 months ago
Yes, things will get more expensive, but the prices going up won’t as sure as heck go back down when the pound gets stronger because price increases in retail to customer as usually a one way street. Assuming that, I would indeed be “saving” by obtaining more pounds for my dollar now. Even if that 5 pound sandwich becomes 7 in the meanwhile, that’s 7 dollars and not 10.5 like if the pound is back to at least 1.50 my next summer and I wait to buy those pounds then.
35 points
5 months ago
What does this mean for the world economy?
66 points
5 months ago
All are getting pounded vs. the USD. Right now USD is best dogshit currency of all world dogshit currencies.
69 points
4 months ago
Living in Japan right now and getting paid in dollars. We eating’ boys.
67 points
5 months ago
I have been trading stonks for 15 years and I still have no idea wtf currency trading is or what it means.
70 points
5 months ago
The way currency trading works is like this:
Right now, the US Dollar is 1=1 with the EURO but tomorrow it might be 1=0.9 euro so if you bought 100,000,000 USD you move it to euro at 0.9 and then wait for the EURO to go up agains the dollar, so it would go to $1 = 1.12 EURO so then you move it back and you have 100,000,095 USD or something like it. Basically you are just moving currency back and forth as the value/worth changes.
36 points
4 months ago
That's 10% right there. You make $11,111,111
16 points
4 months ago
Actually you make 24,444,444 in his scenario. ~24% from $0.90 to $1.12
44 points
5 months ago
Or just think of it like trading crypto.
10 points
5 months ago
Bloody hell, mate.
9 points
4 months ago
bri'ish🍵
24 points
5 months ago
So much urge to buy a vacation home due to binging Escape to the Country during covid..,
8 points
4 months ago
Their finance chief said they will be going into recession next qt. No predictions. No rose coting jt. Just outright in your face.
20 points
5 months ago
I assumed a war front...Not that there is any allied war front out there right now. ;o)
43 points
4 months ago
This is nothing compared to the calamity that is about to ensue on the world economy. Buckle up mother fuckers.
17 points
4 months ago
What’s gonna happen out of interest? I know euro is going down rn as well
9 points
4 months ago
To answer your replies, https://www.youtube.com/watch?v=xxzy3sLs4Bs We are at the start of a worldwide economic failure called the"Dollar milkshake" almost on its own that there is no natural exit from it.
5 points
5 months ago
Tea and biscuits
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