Friday, 30 April 2010
'Red Lights Flashing For UK Credit Spreads According To CDS Market'
This article from Zero Hedge should scare the crap out of you, it does me. But is probably too complicated for our political elite of journalists to understand and explain. The simple conclusion is that 'the markets' realist that the UK economy is seriously screwed, so screwed that they are fleeing... There is one man to thank for this sorry state of affairs and that man is Gordon 'anyone who disagrees with me is a bigot' Brown.
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1 comment:
The last time I looked, the market was rating Turkey's government debt as less risky that the UK's !
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