Friday, Jan 29, 2010
Bye Bye Buy Buy UK
Risk.net: UK will lose AAA rating in next four years
The majority of respondents to a Risk.net poll believe the UK will lose its triple-A credit rating at some point in the next four years. Of those, 30% think the UK will be downgraded this year; 20% believe its rating will be cut in 2011, while a further 8% say it will lose its triple-A status in 2012 or 2013.
“The prize of investor funds ultimately goes to the most conservative and fiscal countries,”
Posted by neil b @ 02:55 PM (610 views) Add Comment
3 Comments
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1. freemanphil said...
The only insurance against this is gold and silver related assets. Unfortunately the constitutional right to bear arms has been overridden by political correctness, so maybe build an invisible tree house and purchase a sling shot.
2. Skeptical First Time Buyer said...
I actually think this is about the best thing that can happen. We need as a society (including the sheeple) to wake up to reality and then demand sensible governance. We won't get that without a bucket of water being thrown on those who are sleeping.
Painful in the short term, better in the long run.
Governments just going to keep pumping out the valium to keep us sleepy.
We need someone else to come along with a bucket of water.
3. 51ck-6-51x said...
"The only insurance against this is gold and silver related assets"
- Not true at all. How about just not being exposed to sterling?
If that is not an option what about buying insurance itself ( e.g. CDS )?
If Au, Ag, and related assets are such great hedges against a UK Credit downgrade, what about semi-precious metals, or other wealth-store assets like ...err houses?! *sigh*