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'Run on UK' sees foreign investors pull $1 trillion out of the City
- Thread starter ASusilovic
- Start date
Are you guys traders or economists?
Remember what happens when all the media and the mobs catch onto a story. LOL.
Remember what happens when all the media and the mobs catch onto a story. LOL.
Quote from Ivanovich:
Ok, so when I read a quote saying "The UK is Finished"....
What does that exactly mean? Are you trying to suggest the UK will cease to exist? Does anyone honestly believe that will happen?
Just a matter of time when U.K. will rescue itself into European Union. A country predominantly relying on export of financial services is not viable in the long run.
Pound Rises to $1.60 First Time Since November as Stocks Rally
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By Gavin Finch and Anna Rascouet
May 27 (Bloomberg) -- The pound rose, surpassing $1.60 for the first time in almost seven months, as optimism the worst of the financial crisis is over stoked demand for assets denominated in the British currency.
maybe it is a race to the bottom.
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By Gavin Finch and Anna Rascouet
May 27 (Bloomberg) -- The pound rose, surpassing $1.60 for the first time in almost seven months, as optimism the worst of the financial crisis is over stoked demand for assets denominated in the British currency.
maybe it is a race to the bottom.
No maybe's... It is a race to the bottom and USD seems like a natural favorite.
Quote from Ivanovich:
Ok, so when I read a quote saying "The UK is Finished"....
What does that exactly mean? Are you trying to suggest the UK will cease to exist? Does anyone honestly believe that will happen?
This is a very valid point of clarification.
There is obviously no metric association with the phrase 'the U.K. is finished.'
When I read the article, and view it in the context of modern day events, I am left with the deepening conviction (that I've had for some time) that those economies deeply in debt, highly reliant on financial services to generate a larger than average share of GDP (and GNP, for that matter), and who have lost a significant portion of their manufacturing base, which describes the U.K.'s economy perfectly, are economies in steep and accelerating decline as technology transfers and wide disparities in regulation, wages and other business costs put western economies such as the U.K. at a severe competitive disadvantage.