wednesday1 Posted September 24, 2010 Share Posted September 24, 2010 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: Indeed, he claims to live in Baaaaaaaaaaarnsley too. Must be a smokescreen, he's really a wealthy tax exile! Link to comment Share on other sites More sharing options...
Longcol Posted September 24, 2010 Share Posted September 24, 2010 LINK "The game’s up". Couldn't have put it better myself. Nowt like the France I've seen (every year for the last 20 or so) - they've gradually developed their infrastructure since the 80's and it seemed to tail off two or three years ago. There might be the odd place that hasn't been improved but these are few and far between. Link to comment Share on other sites More sharing options...
Vague_Boy Posted September 29, 2010 Author Share Posted September 29, 2010 Spain set for credit rating downgrade Spain's crisis-struck economy is set to lose its top credit rating, held since 2001, in a downgrade expected from Moody's by the end of the week. The credit rating agency is expected to cut Spain's Aaa rating to Aa1 or Aa2. A one-notch cut would put Moody's ranking on a par with Fitch Ratings' AA+ classification, while a two-notch reduction would equal Standard & Poor's. LINK The unraveling keeps going right on schedule. Link to comment Share on other sites More sharing options...
Vague_Boy Posted November 21, 2010 Author Share Posted November 21, 2010 Getting closer to home now. Ireland to apply for bail-out Brian Cowen resists calls for resignation over Irish debt crisis Ireland Bailout Within 2 Weeks, Portugal in 1 Month says RBS Gee, speaking of RBS I wonder if that particular bank (y'know, the bank we the taxpayer bailed out and whose chief executives just paid themselves massive bonuses) is heavily over invested in the Irish economy. Hmmm..., I wonder... Still, I don't know what they're worried about, they should take a lead from us, we don't give a fig about debt on this side of the Irish Sea, I mean, what's the worst that could happen? Debt Crisis May Sink Euro Warns EU President Deficit commission co-chairs warn of Greece-like debt crisis in US First Athens, now Dublin. Will Lisbon and Madrid follow? Ahh.... Link to comment Share on other sites More sharing options...
Vague_Boy Posted November 24, 2010 Author Share Posted November 24, 2010 Portugal next, then Spain according to Morgan Stanley. Morgan Stanley’s Fels Sees Spain as Target If Portugal Rescued Portugal will need a bailout and investors will then focus on Spain as there’s “little to stop the contagion” from Europe’s sovereign-debt crisis, said Joachim Fels, co-chief global economist at Morgan Stanley. “I think investors have lost confidence in the ability of Portugal to turn around its situation, so it looks like Portugal will be forced into the EFSF,” Europe’s bailout fund, Fels said today in an interview on Bloomberg Television’s “Inside Track” with Erik Schatzker. “I think the focus is now on Portugal and then I think the markets will turn to Spain.” LINK The markets know the danger of having eyes bigger than your stomach. They prefer to feed on one country at a time. Greece Ireland Portugal Spain The clock is ticking for the UK. Link to comment Share on other sites More sharing options...
Vague_Boy Posted December 15, 2010 Author Share Posted December 15, 2010 One I didn't anticipate, Belgium. Eurozone debt crisis spreads to Belgium on rising political risk Europe's debt woes have moved closer to the core of monetary union after Standard & Poor's threatened to downgrade Belgium over the failure of Flemings and Walloons to form a government. The warning comes a day after the International Monetary Fund said Belgium "urgently needed" to control spending as public debt pushes above 100pc of GDP. "A clear plan is needed to contain contagion from abroad," it said. LINK As Yeats said, "Things fall apart; the centre cannot hold". Link to comment Share on other sites More sharing options...
grafikhaus74 Posted December 15, 2010 Share Posted December 15, 2010 I might be missing something obvious here, but what is cable? Sorted, mate! Link to comment Share on other sites More sharing options...
Vague_Boy Posted December 15, 2010 Author Share Posted December 15, 2010 Speeding up now. Spain has been given advance warning of a downgrade. Spain faces threat of debt downgrade Spain suffered a further blow after Moody's, the credit rating agency, warned it could downgrade the country's debt on worries over its high funding needs, public finances and banks. The move by Moody's to put the country's Aa1 rating on review on Wednesday, comes a day after investors demanded higher interest rates to hold Spanish debt in €2.5bn bond auction and Standard & Poor's threatened to downgrade Belgium. The euro fell on the announcement. LINK As the Emperor Palpatine said in Return of the Jedi, "Everything is proceeding as I have foreseen." Link to comment Share on other sites More sharing options...
Anna Glypta Posted December 15, 2010 Share Posted December 15, 2010 Vague Boy, what are you wearing under your hair shirt? http://www.guardian.co.uk/commentisfree/2010/jul/21/keynes-economic-model-recession We are in no danger. Brown abolished boom and bust. Link to comment Share on other sites More sharing options...
Berberis Posted December 15, 2010 Share Posted December 15, 2010 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: Well one benefit of the wikileaks news reports is we have found out the bank of England warned Brown of a world economic downturn well in advance. Link to comment Share on other sites More sharing options...
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