The brilliance of Mr Brown
Here, borrowed from the FT, is a map of currency movements against sterling over the last 12 months:
Light green is a rise of less than 5%, dark green 5% +. Note that the US dollar is up 38%, the Euro 20% and the Japanese Yen 57%. The Swiss Franc is up 30% and the rouble 19%. By my reckoning, sterling has fallen against every other currency in the developed world. In addition to those visibly mapped, sterling is also down against the Shekel and the Singapore dollar, these also being currencies of IMF-defined advanced economies.
So much for his mastery of the economy.
Light green is a rise of less than 5%, dark green 5% +. Note that the US dollar is up 38%, the Euro 20% and the Japanese Yen 57%. The Swiss Franc is up 30% and the rouble 19%. By my reckoning, sterling has fallen against every other currency in the developed world. In addition to those visibly mapped, sterling is also down against the Shekel and the Singapore dollar, these also being currencies of IMF-defined advanced economies.
So much for his mastery of the economy.
Labels: fun with statistics, maps, The Worst Prime Minister Since Goderich
This entry was posted
on Friday, November 14, 2008 at 6:12 pm.
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Yet you didn't comment, when the pound was strong, praising him.
If you can find me ever having written anything positive about him I will eat my hat, or come to that, any hat. That the pound has tanked against *all* reserve currencies in the last year is quite telling. I would be delighted to see data for any other 12 month period showing sterling making comparable rises against the dollar AND the loonie AND the euro AND the Swiss Franc, Yen, Oz dollar etc.
I am impressed that you have been lurking so long - apparently - and have only just broken from cover in this particular guise.
GORD4PM-ILUVIM
thepoondinyetpooooooooooocket
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