I1L2T3 Posted June 4, 2012 Share Posted June 4, 2012 Whoops. George? http://uk.reuters.com/article/2012/06/04/uk-unitedkingdom-rating-eganjones-idUKBRE8530ZR20120604 Link to comment Share on other sites More sharing options...
chem1st Posted June 4, 2012 Share Posted June 4, 2012 Unemployed people can't afford to grow potatoes. Were hardly going to reduce employment, increase production, pay back our debt and realise prosperity. The BoE will print on Thursday. Mortgage rates will rise. Unemployment shall rise. Inflation will increase again (and continue to be higher than wage rises - resulting in a further deterioration of the purchasing power of the common man). Link to comment Share on other sites More sharing options...
taxman Posted June 4, 2012 Share Posted June 4, 2012 Shhhhhh......stop being unpatriotic. Don't you know that there is an embargo on real news at the moment. Link to comment Share on other sites More sharing options...
NorthernStar Posted June 4, 2012 Share Posted June 4, 2012 Not surprised, can't believe they've managed to kick the can this far down the lane and get away with it, perhaps now something will be done to address the route causes of this economic blight before it's too late. Link to comment Share on other sites More sharing options...
Guest sibon Posted June 4, 2012 Share Posted June 4, 2012 Did anybody else enjoy Grace Jones and Madness tonight:roll: Link to comment Share on other sites More sharing options...
saunaman Posted June 4, 2012 Share Posted June 4, 2012 According to RT some 20% of americans are now turning to alternative forms of news , and the major networks are in a spin as they see their ratings drop . Lamestream broadcasting needs to tighten up it's act , methinks ... Link to comment Share on other sites More sharing options...
studentbob Posted June 4, 2012 Share Posted June 4, 2012 The irony is that their twisted economic system needs a rapid rise in interest rates and inflation to enable economic growth but the coalition have been telling us that we should be grateful that they have "managed to keep interest rates at historically low levels." Either way, of course, us at the bottom will still be screwed. Edit: And that is something Messrs Miliband and Balls need to grasp. Link to comment Share on other sites More sharing options...
HeadingNorth Posted June 4, 2012 Share Posted June 4, 2012 Who, exactly, are Egan Jones? Link to comment Share on other sites More sharing options...
I1L2T3 Posted June 4, 2012 Author Share Posted June 4, 2012 The irony is that their twisted economic system needs a rapid rise in interest rates and inflation to enable economic growth but the coalition have been telling us that we should be grateful that they have "managed to keep interest rates at historically low levels." Either way, of course, us at the bottom will still be screwed. The problem with the low interest rates is that one of the main domestic purchasers of gilts, the UK pension funds, are increasingly less interested. Worse still for pensioners because gilt yields are so low pension income will decrease. Less income - less spend in the UK economy. The void will be filled be overseas gilt purchasers, increasing our overall exposure to international markets, made worse by Osborne and Cameron's incessant advertising of the UK as a safe haven. It's a slow economic suicide. Link to comment Share on other sites More sharing options...
acman Posted June 4, 2012 Share Posted June 4, 2012 Egan Jones are a credit rating agency, they are usually ahead of the others, probably the only one with any credability left. Link to comment Share on other sites More sharing options...
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