Do we need a UK Financial Implosion thread?

[Roadkill]

That the credit rating is being downgraded because of poor projections for the uk economy.

So what?

 

[junglevip]

So what?

So what indeed. Is there a reason you neglected to answer my question. I answered yours

 

[junglevip]

Enough of this shit anyway, that greenhouse aint gonna clean itself

 

[Roadkill]

So what indeed. Is there a reason you neglected to answer my question. I answered yours

What? You didn't ask me a question. You just repeated much the same Tory guff about ratings agencies and their implications as you did when the first UK downgrade happened a few weeks ago.

 

[junglevip]

What? You didn't ask me a question. You just repeated much the same Tory guff about ratings agencies and their implications as you did when the first UK downgrade happened a few weeks ago.

I suggest you learn to read, I will ask again. what are your views on the linked articles please?

I will read them but will only reply if they are not total and utter shit. I doubt I'll be replying but I live in hope

 

[Roadkill]

I suggest you learn to read.

Snide remarks do not an argument make. I ask again - so what?

 

[junglevip]

I suggest you learn to read, I will ask again. what are your views on the linked articles please?

I will read them but will only reply if they are not total and utter shit. I doubt I'll be replying but I live in hope

 

[junglevip]

.

 

[junglevip]

What? You didn't ask me a question. You just repeated much the same Tory guff about ratings agencies and their implications as you did when the first UK downgrade happened a few weeks ago.

I suggest you learn to read, I will ask again. what are your views on the linked articles please?

I will read them but will only reply if they are not total and utter shit. I doubt I'll be replying but I live in hope

 

[Roadkill]

I suggest you learn to read, I will ask again. what are your views on the linked articles please?

I will read them but will only reply if they are not total and utter shit. I doubt I'll be replying but I live in hope

They're basically just stating the obvious - that Fitch is likely to downgrade the UK's credit rating, along with a bit of speculation on the political implications. What I'm after is what you think a ratings-agency downgrade signifies.

 

[junglevip]

They're basically just stating the obvious - that Fitch is likely to downgrade the UK's credit rating, along with a bit of speculation on the political implications. What I'm after is what you think a ratings-agency downgrade signifies.

Unfortunately I am net clever enough to dispute what you claim is obviously stated. To me it shows a further decline of the british economy. I am not an expert but I agree with this in broad terms although I think that the cost of government borrowing will increase, leading to higher interest rates and a housing market dive.

Why do I think this? Of all the views of the 'experts' this is the one that makes the most sense; that is the best that I can do.

Now if you could please elaborate on your view then I would very much appreciate that.

 

[SpineyNorman]

Let's cut to the chase eh? Should I start stockpiling tins of beans and bottled water or not?

 

[J Ed]

Better to stockpile magic beans to sell to conspiraloons...

 

[junglevip]

Let's cut to the chase eh? Should I start stockpiling tins of beans and bottled water or not?

I dont give financial advice. However, rice pudding for 15p is money well spent

 

[Roadkill]

Unfortunately I am net clever enough to dispute what you claim is obviously stated. To me it shows a further decline of the british economy. I am not an expert but I agree with this in broad terms although I think that the cost of government borrowing will increase, leading to higher interest rates and a housing market dive.

Why do I think this? Of all the views of the 'experts' this is the one that makes the most sense; that is the best that I can do.

Now if you could please elaborate on your view then I would very much appreciate that.

I stated my views on the threads when Moody's downgraded the UK's sovereign debt rating a few weeks ago. In brief, it doesn't matter. The ratings agencies are increasingly discredited, and in any case, all they're doing is dishing out subjective judgements that don't wield the clout they did a few years ago. Nor do they say very much - directly, at least - about the state of the economy. Loads of countries have had their credit ratings downgraded in the last few years, and in most cases it's made very little difference. The UK continues to borrow at record low interest rates and there's no good reason to believe that a bit of piss and wind from Moody's or its ilk will of itself make much difference. I suggest you find some better 'experts' to read.

 

[junglevip]

I stated my views on the threads when Moody's downgraded the UK's sovereign debt rating a few weeks ago. In brief, it doesn't matter. The ratings agencies are increasingly discredited, and in any case, all they're doing is dishing out subjective judgements that don't wield the clout they did a few years ago. Nor do they say very much - directly, at least - about the state of the economy. Loads of countries have had their credit ratings downgraded in the last few years, and in most cases it's made very little difference. The UK continues to borrow at record low interest rates and there's no good reason to believe that a bit of piss and wind from Moody's or its ilk will of itself make much difference. I suggest you find some better 'experts' to read.

Thanks for the reply

EDIT

I feel that you dont understand the subject well enough to criticize but give yourself a pat on the back for trying.

 

[junglevip]

Lets see who's ideas are closest to the outcome in a year or so. I hope that the economy recovers.... ... .. .

EDIT:

Even though a complete reset is needed and healthy communities is the goal of the people and not financial wealth

 

[junglevip]

I stated my views on the threads when Moody's downgraded the UK's sovereign debt rating a few weeks ago. In brief, it doesn't matter. The ratings agencies are increasingly discredited, and in any case, all they're doing is dishing out subjective judgements that don't wield the clout they did a few years ago. Nor do they say very much - directly, at least - about the state of the economy. Loads of countries have had their credit ratings downgraded in the last few years, and in most cases it's made very little difference. The UK continues to borrow at record low interest rates and there's no good reason to believe that a bit of piss and wind from Moody's or its ilk will of itself make much difference. I suggest you find some better 'experts' to read.

Genius etc...

 

[butchersapron]

You have made 50% of the posts on this thread and have said precisely nothing. You have demonstrated one thing loud and clear though.

 

[junglevip]

You have made 50% of the posts on this thread and have said precisely nothing. You have demonstrated one thing loud and clear though.

More bullshit from a wanker such as yourself. I am not an expert as I have already said. It seems that people like yourself regard yourselves as experts because a few of your posts gets a like or two. Not credible

 

[Hocus Eye.]

It is clear from the posts above that to answer the question in the OP: "no".

 

[butchersapron]

Right, here's some solid info and analysis that may get this thread on track. looks complicated but it actually very simple. This is the sort of context/framework that a thread like this will need to start from if it's to get anywhere

 

[shifting gears]

More bullshit from a wanker such as yourself.

This delicious irony has tickled me.

I suggest going back over your 'contribution' to the thread. Then I would lurk more, and post less. Maybe even do some reading.

 

[junglevip]

This delicious irony has tickled me.

I suggest going back over your 'contribution' to the thread. Then I would lurk more, and post less. Maybe even do some reading.

Poor, lets have you views. I posted my personal views as a layman. Not some link that I did not understand like that wanker butchersapron just did. Please I'd like to read them

 

[junglevip]

 

[ymu]

Thanks for the reply

EDIT

I feel that you dont understand the subject well enough to criticize but give yourself a pat on the back for trying.

Well, this guy undoubtedly does know what he is talking about, as does Roadie. You have zero understanding because you apparently get all your information from right-wing polemicists inclined towards conspiraloonery.

Why we should ignore the credit ratings agencies

Yesterday, Moody’s, the credit rating agency, threatened the UK with a downgrade of its AAA rating. Although the government tried, as usual with any negative economic news, to blame this on the eurozone crisis, Moody’s made clear that their action was primarily the result of the UK’s poor economic outlook, as revealed in the Autumn Statement – lower growth and higher debt and deficits.

It would be tempting for those of us who have been saying for some time that the government’s fiscal policy was damaging the economy to point to Moody’s action as yet another reason for the government to change course. As I put it in the spring “you do not gain credibility by sticking to a strategy that is not working”; unfortunately, that is precisely what the government has done, with unsurprising results.

But we would be wrong to claim Moody’s actions, or indeed any actual downgrading by Moody’s or any other credit ratings agency, as a vindication. The misdeeds and incompetence of the credit ratings agencies in the run-up to the financial crisis has been well documented. What is less well understood is that when it comes to rating sovereign debt, they simply do not know what they are talking about; worse than that, they do not even understand what their own credit ratings mean.

...

 

[Roadkill]

Thanks for the reply

EDIT

I feel that you dont understand the subject well enough to criticize but give yourself a pat on the back for trying.

Max Keiser FFS.

 

[junglevip]

Well, this guy undoubtedly does know what he is talking about, as does Roadie. You have zero understanding because you apparently get all your information from right-wing polemicists inclined towards conspiraloonery.

Cheers. Top linking! How about a view from you personaly that relates to the thread (the title is at the top)

 

[junglevip]

Max Keiser FFS.

Poor

 

[Firky]

Max Keiser FFS.

Peter Oborne...

Parts of this thread read like the scaremongering shite you get in the Daily Express.