No longer GREAT Britian

[Mega]

http://www.cnbc.com/id/34162672

My cup runnth over
;)
Just crash the £ please!!!!
Mike

[GRG55]

Re: No longer GREAT Britian

http://www.cnbc.com/id/34162672

My cup runnth over
;)
Just crash the £ please!!!!
Mike

Ha ha...what's crashing is the price of oil, gold and Asian equities. I would be buying Pounds if I was you...:p

Price of oil nosedives as Dubai fall-out hits markets

The price of oil plummeted today as the fear of contagion from the financial crisis in Dubai threatened to spread across global markets.

Crude oil fell below $75 for the first time since early October with market analysts indicating that the next stop could be a rapid fall to $65 a barrel...

...Brian Myers at City traders ODL Markets said: “Markets appear to be in a state of flux at the minute.”

Ya think...:rolleyes:

[Diarmuid]

Re: No longer GREAT Britian

http://www.cnbc.com/id/34162672

My cup runnth over
;)
Just crash the £ please!!!!
Mike

Things are the same in Ireland, People are asleep, the most have no idea of the train hurtling towards them in the form of austerity measures, higher tax and decreased social services (thankful the Irish never have had the audacity to call themselves Great, so no lost sense of self importance ;-)). As one poster said, I think people have an inkling the ground is moving but are unable to articulate from whence the danger stems.

The story seems repeated in many of the "developed" countries.

The figures below do not take into account NAMA recently passed in the Dail (Parliament) - (Circa Euro 70 Billion) (Irish equivalent of TARP)

News : Irish Last Updated: Apr 24, 2009 - 5:31:05 PM Interest payments on Irish national debt to rise from 3.8% of tax revenue in 2008 to at least 20% by 2013; Pension fund loses 6.7% in Q1 2009 after loss of -30.4% in 2008 By Finfacts Team Apr 9, 2009 - 8:05:34 AM Email this article Printer friendly page Interest payments on the Irish national debt will rise from 3.8 per cent of tax revenue in 2008 to at least 20 per cent by 2013. The National Pension Reserve Fund’s value at 31 March 2009 was €15.5 billion - - down 6.7% in the quarter, following a loss of -30.4% in 2008.

When the plebs have maxed their credit cards out - keep the game going - we must ensure the stability of the financial system - re by borrowing from their kids future labour and lend it back to them at interest. :mad:

Half of €4bn cuts just to pay surging debt interest
Brendan Keenan & Michael Brennan – Irish Independent
HALF the planned €4bn in spending cuts in next month’s Budget will go towards interest payments on the swelling national debt, pre-Budget figures reveal.
The toughest Budget on record will only prevent the public finances from getting worse, according to figures in the Department of Finance’s pre-Budget Outlook.
By 2010, one euro in every six collected in tax will go on interest payments rather than government services — ratios not seen since the mid-1990s.

[GRG55]

Re: No longer GREAT Britian

Things are the same in Ireland, People are asleep, the most have no idea of the train hurtling towards them in the form of austerity measures, higher tax and decreased social services (thankful the Irish never have had the audacity to call themselves Great, so no lost sense of self importance ;-)). As one poster said, I think people have an inkling the ground is moving but are unable to articulate from whence the danger stems.

The English invented spotted dick and bangers. The Irish invented Beamish, Guinness, Murphy's, O'Hara's and Harp.

If you have to ride out a global financial disaster, the choice of preferred venue to dull the pain is a no brainer...

[unlucky]

Re: No longer GREAT Britian

Things are the same in Ireland, People are asleep, the most have no idea of the train hurtling towards them in the form of austerity measures, higher tax and decreased social services (thankful the Irish never have had the audacity to call themselves Great, so no lost sense of self importance ;-)). As one poster said, I think people have an inkling the ground is moving but are unable to articulate from whence the danger stems.

On the other hand, apart from bailing out banks the Irish govt is ploughing a different furrow from that chosen by the UK. They seem genuinely determined to get their fiscal problems under control whatever it takes, and have no idiotic notions of piling up more debt to generate "stimulus". (Rumor has it they are actually just doing whatever the ECB tells them to do).

Th UK govt is still on the path of denial.

[WildspitzE]

Re: No longer GREAT Britian

I've always found the name Great Britain funny.

Why do people feel the need to tell me that it is a luxury apartment if it is one?

[added smiley to convey joke, not actual historical understanding -- sheesh. lol]

[rjwjr]

Re: No longer GREAT Britian

...Brian Myers at City traders ODL Markets said: “Markets appear to be in a state of flux at the minute.”
Ya think...:rolleyes:

The understatement of our time. Does this guy have a newsletter and web site? With insight like that, he'll give EJ and the gang some stiff competition.