Vague_Boy Posted August 25, 2010 Author Share Posted August 25, 2010 The final domino to fall is of course, the UK. This may not happen immediately as we in the UK have something the other Euro-based nations don't have, the ability to turn on the printing presses. However, the process is ongoing.... UK now 'third-tier economic player', says ad guru Britain may play host to the world's richest football league, but in economic terms it bears all the hallmarks of a Leyton Orient or Huddersfield, according to the boss of ad giant WPP. Sir Martin Sorrell relegated the UK and Western Europe to the obscurity of League One - destined forever to be outshone by more dynamic and free-flowing outfits in the moneyed upper divisions. Occupying the Premier League spots are the emerging global powerhouses of India, China and Brazil, along with the upwardly mobile 'next eleven' economies like Turkey, South Korea and Vietnam. LINK How can this be? Surely a country that can afford to have 8 million people economically inactive must be rolling in cash. We can afford it, can't we? Link to comment Share on other sites More sharing options...
Vague_Boy Posted August 25, 2010 Author Share Posted August 25, 2010 Morgan Stanley Says Governments Will Default, Only Question Is How LINK Link to comment Share on other sites More sharing options...
studentbob Posted August 25, 2010 Share Posted August 25, 2010 Morgan Stanley Says Governments Will Default, Only Question Is How LINK I think you should take up a different hobby. Nothing you or I, or even Brown or Cameron can do will change how international markets operate. These people are betting on the future value of an insurance policy that may or may not be affected by other people betting on whether other policies may or may not be popular enough to gain sufficient interest as to alter a particular price of something that may or may not exist sometime in the future. Soveriegn debt, my .......! Link to comment Share on other sites More sharing options...
lobster Posted August 25, 2010 Share Posted August 25, 2010 isn't a lot of the U.K/ Europe doom and gloom retoric just a means to deflect away from the massive problems in the USA,not only is the country mired in debt ,but so are states, cities and towns . they have been living beyond their means for years but no politician had the guts to tell them ,even obama does not tell them how bad it is . watching their news yesterday there was a special about how schools were asking parents to supply washing materials and toilet paper for kids . at least things have not got that bad over here Link to comment Share on other sites More sharing options...
Vague_Boy Posted September 23, 2010 Author Share Posted September 23, 2010 Latest update as the systemic collapse intensifies: Ireland sells €1.5bn of bonds amid warnings of Greek-style crisis Why The Irish Debt Crisis Could Be Worse Than Spain, England, And Even Iceland 73 percent say Anglo-Irish bank will bankrupt country Link to comment Share on other sites More sharing options...
wednesday1 Posted September 23, 2010 Share Posted September 23, 2010 Latest update as the systemic collapse intensifies: Ireland sells €1.5bn of bonds amid warnings of Greek-style crisis Why The Irish Debt Crisis Could Be Worse Than Spain, England, And Even Iceland 73 percent say Anglo-Irish bank will bankrupt country Jeez you're a right laugh you ain'tcha! Link to comment Share on other sites More sharing options...
Wildcat Posted September 23, 2010 Share Posted September 23, 2010 The irony is that Ireland's problems are a direct result of the austerity measures VagueBoy has been championing. http://www.touchstoneblog.org.uk/2010/09/ireland-the-folly-of-extreme-austerity/ Link to comment Share on other sites More sharing options...
wednesday1 Posted September 23, 2010 Share Posted September 23, 2010 The irony is that Ireland's problems are a direct result of the austerity measures VagueBoy has been championing. http://www.touchstoneblog.org.uk/2010/09/ireland-the-folly-of-extreme-austerity/ Who will VB be blaming when it happens here after the ConDem's cut's? Link to comment Share on other sites More sharing options...
Longcol Posted September 24, 2010 Share Posted September 24, 2010 Who will VB be blaming when it happens here after the ConDem's cut's? And why is he posting on SF - given his success in predicting the future of the UK economy I'm surprised he hasn't be snapped up by one of the big finance houses :hihi: Link to comment Share on other sites More sharing options...
Vague_Boy Posted September 24, 2010 Author Share Posted September 24, 2010 Eurocrash: How long before France has to face the music? There’s only a week to go now before Mr & Mrs Slog pack up the car with bags, dogs and wine boxes before heading out of the fiscal frying pan that is France, and back to the raging fire that is Coalition Britannia. We’ve been here for most of the Summer, and during that time discussed with many friends of several nationalities the extraordinary upweight in road works and municipal repair projects going on here. Everyone has noticed it. And most people know precisely what it’s all about. “The good days are leaving,” said a French friend to me three weeks ago, “and so we must use the last of the sun while it still shines”. “We noticed it the minute we got back,” English chums we met for lunch told us, “they’re obviously spending every last centime while the going’s good”. France knows – or least, fonctionnaire France knows – that the game’s up. Germany has run out of patience, and the eurozone has run out of money. Local government – with its mysteriously direct route to EU funds – is putting in sewers, laying drains, resurfacing roads and replacing old signage on such a scale, the whole of our department looks like one gigantic episode of Challenge Anneka. It is the year of the cash cow, and the French are milking it furiously. LINK "The game’s up". Couldn't have put it better myself. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.