Monday, Apr 27, 2009
Darling's wishful thinking is bad news for gilts
MoneyWeek: Darling's wishful thinking is bad news for gilts
"The more the Government is seen to be messing around at the edges and shying away from getting to grips with the debt, the less keen investors will be to support its spending. That would push up gilt yields, and hit prices. The same would happen if the Government prefers to inflate its way out of debt, rather than cut spending and raise taxes – another very possible scenario."
Posted by damien @ 10:44 AM (536 views) Add Comment
4 Comments
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1. inbreda said...
All good except the "...make the UK a less attractive place for entrepreneurs to relocate..."
2. mrmickey said...
One day the Chinese are going to stop lending us money, that day is not far off then they will will have their revenge on the British Empire.
3. uncle tom said...
mrmickey,
I don't think the Chinese have any enduring dislike of the British Empire. However, the Empire of Japan (as it used to be called) is a very different story...
Within China, the British are respected for dealing with the Chinese as equals, rather than inferiors; in stark contrast to both the Japanese and Americans, whose attitudes to China is a persistant cause of affront...
4. Ftb said...
History is not my strong point but relationship built over Hong Kong must be relevant.