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Tired of Waiting

2011 Gov. Budget Deficits Forecasts: Greece -8.4; Uk -9.0; Usa -9.1

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Governments' Budget Deficits (as % of GDPs) :

1) Chart comparing countries governments budget deficits up to 2010 : LINK http://www.google.com/publicdata/explore?ds=ds22a34krhq5p_&ctype=l&strail=false&nselm=h&met_y=edp_b9_pc_gdp&scale_y=lin&ind_y=false&rdim=country_group&idim=country_group:eu&idim=country:uk:fr:de:ie:gr&tstart=788918400000&tunit=Y&tlen=15&hl=en&dl=en&uniSize=0.035&iconSize=0.5#ctype=l&strail=false&nselm=h&met_y=edp_b9_pc_gdp&scale_y=lin&ind_y=false&rdim=country_group&idim=country_group:non-eu&idim=country:uk:fr:de:gr:it:pt:es&tstart=788918400000&tunit=Y&tlen=15&hl=en&dl=en

2) Below, a table including Governments Budget Balances Forecasts for 2011 (6th column there) :

( Interesting to notice: Greece -8.4; UK -9.0; USA -9.1 )

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20110625_INT400.gif

Source: http://www.economist.com/node/18867642?story_id=18867642

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Edited by Tired of Waiting

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Love the way that our local media pundits are happy to excoriate Greece whilst overlooking the huge financial problems of the UK. Got to stay 'on message'.

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Love the way that our local media pundits are happy to excoriate Greece whilst overlooking the huge financial problems of the UK. Got to stay 'on message'.

We can devalue the pound to €0.20 and all the problems will go away :D

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Love the way that our local media pundits are happy to excoriate Greece whilst overlooking the huge financial problems of the UK. Got to stay 'on message'.

Yep. The Greece - UK trends in the chart is confirmed by The Economist's forecast.

Watching the BBC one would never guess that.

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Even China to have a deficit???

The difference between Greece and the UK/US is that we can afford to do it because we have experts in the financial fields working in our economies.

....no....we have a willingness to reduce deficit....what will happen when Labour get in...?.... :rolleyes:

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(...)

The difference between Greece and the UK/US is that we can afford to do it because we have experts in the financial fields working in our economies.

And because we can print it.

And maybe 'cause China is (was? :unsure: ) buying our bonds? Did Cameron convince them to buy a few more?? :unsure:

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....no....we have a willingness to reduce deficit....what will happen when Labour get in...?.... :rolleyes:

I think the government total accumulated debt is between 60% and 70% of GDP already, no? So, even if we reduce the deficits gradually, to near 3% of GDP by the end of this parliament, I think we will have then an accumulated debt near 100% of GDP. Usually this is the limit markets tolerate. The next government - whoever is in - will not be able to borrow more. They will be forced to run a balanced budget.

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Surprised india has a BIG trade deficit.

Also surprising Ireland has a BIG trade surplus.

Maybe Ireland is a better bet than the UK?!

Do all the multi-national corporations with headquarters in Ireland, to take advantage of the low corporation tax, count as Irish trade income?

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Surprised india has a BIG trade deficit.

Also surprising Ireland has a BIG trade surplus.

Maybe Ireland is a better bet than the UK?!

Its all to do with transfer pricing and ways companies use countries to dodge taxes. So your UK branch makes loads of money crap gotta pay load of tax on it, so lets fake some invoices from somewhere with low tax.... ta da instant reduction in tax.

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Or turn on the printing presses....

Guess which one they'll choose.

You mean if it is a Labour? If they do that, they will have hyperinflation within the 5 years of their government, and will then lose any chance of being in government for a generation.

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You mean if it is a Labour? If they do that, they will have hyperinflation within the 5 years of their government, and will then lose any chance of being in government for a generation.

Will they care? In that politicians only go into power to get a chance to loot the system and the country. Once they've had a bite of the looting cherry they no longer care.

Also African Bob did rather well in Hyperinflation. My dad was in HK last month noticed his house in HK had a massive extension to it quite recently.

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Surprised india has a BIG trade deficit.

Also surprising Ireland has a BIG trade surplus.

Maybe Ireland is a better bet than the UK?!

Yep. I think the largest trade surpluses (leaving the oil/gas exporters out) are:

(All in US$ billions )

1) Germany +188

2) China +172

3) Japan +62

And the largest trade deficits:

1) USA -681

2) UK -153

3) India -109

I think we are seriously fecked.

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Surprised india has a BIG trade deficit.

Also surprising Ireland has a BIG trade surplus.

Maybe Ireland is a better bet than the UK?!

Irelands big trade surplus may be due in part to Google and other companies having accounts routed through ireland to take advantage of low company tax rates.

Still , if Ireland has problems imagine how bad the UKs problems must be.

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Norway (& the Shetland Islands too, as it happens) used North Sea oil revenues to invest in industry, infrastructure projects and social improvements including education. We spent ours on three and a half million unemployed and tax breaks for the rich.

And buying each others houses for ever higher prices.

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Love the way that our local media pundits are happy to excoriate Greece whilst overlooking the huge financial problems of the UK. Got to stay 'on message'.

Nothing like cold hard figures to put things into perspective. 2nd largest trade deficit in nominal terms after the USA, but biggest trade deficit per head of population in real terms!

Sterling is going to be r@ped when this finally goes down.

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Nothing like cold hard figures to put things into perspective. 2nd largest trade deficit in nominal terms after the USA, but biggest trade deficit per head of population in real terms!

Sterling is going to be r@ped when this finally goes down.

Good point.

Trade deficits:

USA = US$ 2,200/person/year

UK = US$ 2,500/person/year

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  • 293 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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