Friday, Mar 27, 2009
Not 'may' but 'will'........
Times: George Soros: Britain may have to seek IMF rescue
We all know Gordon Brown - with the help of others - has effectively wrecked the UK economy and that the UK will definitely need to go cap in hand to the IMF.....
Posted by hpwatcher @ 11:07 PM (766 views) Add Comment
7 Comments
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1. inbreda said...
only one way for inflation, only one way for the GBP, only one way for house prices, only one way for interest rates.
Cut the waffle and get the fugg on with it.
2. britishblue said...
If you actually read what he says about the IMF rather than automatically putting a political slant on it you will see upon questioning that Soros states,
"it’s a possibility but it’s not a likelihood.”
Having read this board for over 5 years it is getting tiresome that many articles now are reported with a political twist rather than what they say and how they relates to the House Prices.
I for one am surprised that the bank bail out this year and the QE measures have not adversely effected the pound (which has risen against the Euro and the Swiss franc), which suggests that speculators like Soros are not overly targeting Sterling.
3. hpwatcher said...
If you actually read what he says about the IMF rather than automatically putting a political slant on it you will see upon questioning that Soros states,
"it’s a possibility but it’s not a likelihood.”
Having read this board for over 5 years it is getting tiresome that many articles now are reported with a political twist rather than what they say and how they relates to the House Prices.
I for one am surprised that the bank bail out this year and the QE measures have not adversely effected the pound (which has risen against the Euro and the Swiss franc), which suggests that speculators like Soros are not overly targeting Sterling.
It is reported as 'may'; I don't think Soros understands the mess that the UK is really in. I do take your point though.
4. Oneflew said...
Surely if Soros doesn't understand the mess the UK is in he isn't worth quoting on the subject. If he does, he is worth quoting accurately.
5. Morbotheterrible said...
Man who shorts currencies for a living publicly states negative opinion on a currency.
6. mander said...
Has Britain been invited by its closest ally America to discuss the new world order? We have successfully bubbeled so far following America easy money policy but now we do not know what to do and where to go...
Common Britain go back to real economics!
7. alan said...
This is how things could pan out. I think house prices will level off soon, and rise a few percent. This will take a few months.
Then the offshore lenders and the Chinese will start to wise up and withdraw their UK investments and cash. The pound will fall against most currencies.
Then the UK will be forced to raise interest rates to lessen the rapid decline of sterling.
At which point mortgage rates will hit 6.5% plus and the housing market dives rapidly.
Then the IMF comes in.....