http://news.bbc.co.uk/2/hi/business/8321970.stm
Does not look good for the UK, why is the UK taking longer than other EU countries to come out of the recession?
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Record recession for UK economy
- Thread starter Gushesh
- Start date
http://news.bbc.co.uk/2/hi/business/8321970.stm
Does not look good for the UK, why is the UK taking longer than other EU countries to come out of the recession?
Mila
Honorary Master
You are all wrong it's becaus the rand is so strong
I do not know a lot about world economy but how I understand it :
The reason why Britain’s currency is so strong is because the whole world owes them money. Loads of money.
So now the world is suffering and not everybody is paying them back like they used too?
Is that not part of it?
I do not know a lot about world economy but how I understand it :
The reason why Britain’s currency is so strong is because the whole world owes them money. Loads of money.
So now the world is suffering and not everybody is paying them back like they used too?
Is that not part of it?
Fieldy
Well-Known Member
The reason for the UK Recession is they have the same model as the US, where the majority of UK economy is through financial services and foreign investment. This foreign investment capital has since escaped and is not returning.
Due to this fact, and the fact that british economists believe their own forecasts, as opposed to reality, they predicted an gdp increase, not another decrease.
The UK is in a lot of trouble, and they have a long way to fall yet. Partly because of the massive bailouts that Gordon Brown issued to save the economy.
Watch this for a laugh and a dose of reality on the british banking system.
Financial Times - Interview with an investment Banker
Due to this fact, and the fact that british economists believe their own forecasts, as opposed to reality, they predicted an gdp increase, not another decrease.
The UK is in a lot of trouble, and they have a long way to fall yet. Partly because of the massive bailouts that Gordon Brown issued to save the economy.
Watch this for a laugh and a dose of reality on the british banking system.
Financial Times - Interview with an investment Banker
Fieldy
Well-Known Member
You are all wrong it's becaus the rand is so strong
I do not know a lot about world economy but how I understand it :
The reason why Britain’s currency is so strong is because the whole world owes them money. Loads of money.
So now the world is suffering and not everybody is paying them back like they used too?
Is that not part of it?
Mila, I'm afraid you are wrong. The world doesn't owe britian a lot of money. In Fact, britian owes the world a lot of money. Their bankers jumped in head first with securitization issuances and that blew up in their faces.
Britian is deeply deeply in debt. Some argue that Britians national Debt is 1.3 trillion pounds. Britian is believed to be insolvent, along with the US. Fortunately for these countries they have a strong say in the IMF and world bank and the UN, so they will not be recognized as being bankrupt until it can no longer be denied.
Mila
Honorary Master
Thanx!!
The reason for the UK Recession is they have the same model as the US, where the majority of UK economy is through financial services and foreign investment. This foreign investment capital has since escaped and is not returning.
Due to this fact, and the fact that british economists believe their own forecasts, as opposed to reality, they predicted an gdp increase, not another decrease.
The UK is in a lot of trouble, and they have a long way to fall yet. Partly because of the massive bailouts that Gordon Brown issued to save the economy.
Watch this for a laugh and a dose of reality on the british banking system.
Financial Times - Interview with an investment Banker
This seems plausible. I’m going with it.
You are all wrong it's becaus the rand is so strong
Is this TIC? The rand simply appears strong relative to the currencies it is measured against, which are all weakening. The rand is simply weakening more slowly than the benchmark currencies which are in freefall.
Ja, it's not the rand that is strong but other currencies that have weakend.
killadoob
Honorary Master
Mila, I'm afraid you are wrong. The world doesn't owe britian a lot of money. In Fact, britian owes the world a lot of money. Their bankers jumped in head first with securitization issuances and that blew up in their faces.
Britian is deeply deeply in debt. Some argue that Britians national Debt is 1.3 trillion pounds. Britian is believed to be insolvent, along with the US. Fortunately for these countries they have a strong say in the IMF and world bank and the UN, so they will not be recognized as being bankrupt until it can no longer be denied.
I think at 1.3 trillion it can longer be denied
.I mean how much worse does it need to get before it can no longer be denied, 100 trillion?