UK Debt Crisis.

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cleo0801's picture
cleo0801
Status: Member (Offline)
Joined: Mar 7 2010
Posts: 12
UK Debt Crisis.

UniCredit has alerted investors in a client note that Britain is at serious risk of a bond market and sterling debacle and faces even more intractable budget woes than Greece.

 

Please read:

 

http://www.telegraph.co.uk/finance/economics/7423138/Europes-banks-brace-for-UK-debt-crisis.html

PacoAhlgren's picture
PacoAhlgren
Status: Member (Offline)
Joined: Feb 18 2010
Posts: 8
Re: UK Debt Crisis.

Why is any of this surprising? Industrialized nations have leveraged themselves to the hilt, socialized huge parts of their economies, and turned a blind-eye to fiscal and monetary responsibility. Economists have been warning of the consequences for over a century.

Austrian economics will mainstream in ten years. I guarantee it.

Paco Ahlgren

www.BottomViolation.com

Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
Re: UK Debt Crisis.

 I smell a Soros.

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