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PricedOutNative

Moody’S May Strip The Uk Of Its Aaa Rating

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http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4282824

LONDON (SHARECAST) - Weak growth and a failure to meet government fiscal targets could prompt Moody’s to strip the UK of its AAA rating, the agency has warned.

Pound down a little on this. Can't say we did not see this coming LOL

Edited by PricedOutNative

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Don't hold your breath. The financial industry and Western governments are bedfellows.

Western governments aren't all going to continue to be handshakes, smiles and photo opportunities as per the credit boom years. It's coming to an end with a new era of self-interest. It's no coincidence that Geither finally gave some criticism towards the UK the other day. US Moody's will plunge the knife in, if and when it's the deserved and the opportune time, if in US interests to do so.

Gordoron was all too eager to loudly pin immediate blame for the financial crisis on the US, to try and wriggle Labour out of all responsibility to the UK electorate. The US authorities did not overlook that, secretly put much blame on the UK, and are profoundly more developed and sophisticated in serving their own interests. That Wikileaks US memo laughing about how the UK is so hung up on it's Special Relationship with the US, with recommendations of being prepared to exploit British weakness.

Shake hands with an American, check to see if you've still got all your fingers. The US, acting in their own self-interest, took possession of British gold bullion from our vaults around the British empire to pay for supplies and material before the lend-lease deal. That type of national self-interest is the future as well as self interests by the markets themselves.

It is rare for a minister of one country to attack alleged government policy in another country, even when the government of the country on the receiving end of the criticism has changed.

So these remarks by Tim Geithner, US Treasury Secretary, are of more than passing interest:

"The United Kingdom's experiment in a strategy of 'light touch' regulation to attract business away from New York and Frankfurt ended tragically."

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Western governments aren't all going to continue to be handshakes, smiles and photo opportunities as per the credit boom years. It's coming to an end with a new era of self-interest. It's no coincidence that Geither finally gave some criticism towards the UK the other day. US Moody's will plunge the knife in, if and when it's the deserved and the opportune time, if in US interests to do so.

Gordoron was all too eager to loudly pin immediate blame for the financial crisis on the US, to try and wriggle Labour out of all responsibility to the UK electorate. The US authorities did not overlook that, secretly put much blame on the UK, and are profoundly more developed and sophisticated in serving their own interests. That Wikileaks US memo laughing about how the UK is so hung up on it's Special Relationship with the US, with recommendations of being prepared to exploit British weakness.

Shake hands with an American, check to see if you've still got all your fingers. The US, acting in their own self-interest, took possession of British gold bullion from our vaults around the British empire to pay for supplies and material before the lend-lease deal. That type of national self-interest is the future as well as self interests by the markets themselves.

Yep, it's been pretty obvious with the US trying to bat attention onto Europe's problems at every opportunity, in order to cast eyes away from their own pig of an economy. Every man for himself!

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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