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UK downgrade
04-21-2013, 11:38 AM #1
Maddogg Member
Posts:97 Threads:12 Joined:Apr 2013
Sure some have heard, but for the most part all the news has covered is the boston thing

UK was downgraded thought I seen it on drudge however I go searching for a link last I could find was feb23

here we go http://www.reuters.com/article/2013/04/1...0420130419

It's always darkest before it turns absolutely pitch black
04-21-2013, 11:43 AM #2
Maddogg Member
Posts:97 Threads:12 Joined:Apr 2013
Fitch now forecasts that general government gross debt (GGGD) will peak at 101% of GDP in 2015-16 (equivalent to 86% of GDP for public sector net debt, PSND) and will only gradually decline from 2017-18.

so let me get this right the debt well go up and peak in 2016 but don't worry it will be all downhill after that woohooo I would place a bet on that will never happen

It's always darkest before it turns absolutely pitch black
04-21-2013, 11:52 AM #3
Maddogg Member
Posts:97 Threads:12 Joined:Apr 2013
Not a math teacher but some of these number never do add up. Kinda like the unemployment numbers!
reading.gif

It's always darkest before it turns absolutely pitch black
04-21-2013, 12:02 PM #4
Octo Mother Superior
Posts:41,550 Threads:1,589 Joined:Feb 2011
I see. reading.gif
04-21-2013, 12:07 PM #5
Maddogg Member
Posts:97 Threads:12 Joined:Apr 2013
well I sure in the hell wish someone would explain it to me.

It's always darkest before it turns absolutely pitch black
04-21-2013, 12:15 PM #6
Maddogg Member
Posts:97 Threads:12 Joined:Apr 2013
Just noticed how high the yen was I think that's a record 99.54

It's always darkest before it turns absolutely pitch black
04-21-2013, 12:30 PM #7
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,289 Threads:1,495 Joined:Feb 2011
There's a lot of bizarre economic shenanigans going on. The PM market is so strange and manipulated it's beyond me wtf is going on.
The Euro keeps going, yet the problems are still there, and only going to get worse.

wonder.gif




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