News for hackers. Stuff that matters.

A comment on British pound hits record low against the dollar. Parent comment

Re:British pound hits record low against the dollar by darawk on Sunday September 25, 2022 @11:48PM (#32979187)
It's not not a crisis either, though. Crisis doesn't really have a formal definition, it's just an extreme devaluation. I agree that what's happened so far is not quite yet a "crisis", but it certainly seems like Krugman was attempting to predict that not-this would happen.
[ Parent | on HN ]
Re:British pound hits record low against the dollar by colinmhayes on Monday September 26, 2022 @03:57PM (#32987538)
That tweet was 2 days ago and the pound has barely moved against the dollar since then. It lost a few cents, but that's hardly a crisis.
[ Parent | on HN ]