The race is to start in five minutes. I'm rooting for Minimise Risk for a place; I think it's an appropriate name, like Party Politics in the 1992 Grand National.
Update: placed last, of course. Camelot wins - is this a favourable augur for the Conservative PM?
Saturday, June 02, 2012
Dow 1,000 or less? Quote of the week (or century)
"If I am correct, I expect the Dow to be trading well under 1,000 by 2016. I am nailing that to my mast – and computer screen."
John Burford, Financial Trading Strategies website
John Burford, Financial Trading Strategies website
Friday, June 01, 2012
Tuesday, May 29, 2012
UK debt far worse than USA's
Reading Richard Murphy's Tax Research website, I see that Paul Krugman has graphed UK public debt since 1900 and really, it's implied, we're not in that bad a situation right now.
But you have to look at the total weight of debt in the economy, not just the government part. McKinsey did this in January and as of Q2 last year, the UK's total debt-to-GDP exceeded 500%, putting us pretty much on a par with Japan and far above eight other major economies:
And we don't have an industrial - and industrious - base like Japan's.
INVESTMENT DISCLOSURE: None. Still in cash (and index-linked National Savings Certificates), and missing all those day-trading opportunities. DISCLAIMER: Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content.
But you have to look at the total weight of debt in the economy, not just the government part. McKinsey did this in January and as of Q2 last year, the UK's total debt-to-GDP exceeded 500%, putting us pretty much on a par with Japan and far above eight other major economies:
INVESTMENT DISCLOSURE: None. Still in cash (and index-linked National Savings Certificates), and missing all those day-trading opportunities. DISCLAIMER: Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content.
UK debt far worse than USA's
Reading Richard Murphy's Tax Research website, I see that Paul Krugman has graphed UK public debt since 1900 and really, it's implied, we're not in that bad a situation right now.
But you have to look at the total weight of debt in the economy, not just the government part. McKinsey did this in January and as of Q2 last year, the UK's total debt-to-GDP exceeded 500%, putting us pretty much on a par with Japan and far above eight other major economies:
And we don't have an industrial - and industrious - base like Japan's.
But you have to look at the total weight of debt in the economy, not just the government part. McKinsey did this in January and as of Q2 last year, the UK's total debt-to-GDP exceeded 500%, putting us pretty much on a par with Japan and far above eight other major economies:
Monday, May 28, 2012
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