British pound hits record low against the dollar

Re:British pound hits record low against the dollar by warinukraine on Sunday September 25, 2022 @11:15PM (#32978964)

Thanks for the link, it was really interesting. But what is the iron law exactly?

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Re:British pound hits record low against the dollar by cavisne on Sunday September 25, 2022 @11:27PM (#32979057)

the perception/meme that krugman is always wrong as exactly the wrong time (a similar meme exists for Cramer).

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Re:British pound hits record low against the dollar by djbusby on Monday September 26, 2022 @12:02AM (#32979284)

It's Jim Cramer from CNBC (USA media) for those out of the loop.

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Re:British pound hits record low against the dollar by nairboon on Monday September 26, 2022 @08:54AM (#32982505)

Yes, sell whatever Cramer tells you to buy, to make bank.

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Re:British pound hits record low against the dollar by warinukraine on Monday September 26, 2022 @12:25AM (#32979408)

Got it.

But he is wrong? No one expects an economic argument to call the exact bottom to the date. If the sterling keeps weakening for two weeks more, I'll call him wrong. The other things he said, about the foreign debts and the likelihood of not paying, seem obviously correct to me.

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