Jump to content
House Price Crash Forum
Sign in to follow this  
Caius

Uk Economy Faces Lehman-Type Crisis

Recommended Posts

I don't think much has improved since Keen said this.

Improved? Things have got worse. Pilot Osbourne has seen the iceberg ahead (unlike ex pilot Balls) and has asked for the engines to be slowed a bit .... now that might be a better plan to avoid the iceberg than putting the engines in full reverse and the rudder hard to starboard but either way HMS UK is going to hit, it is just a question of how long it take the rusting old hulk to sink.

Share this post


Link to post
Share on other sites

Improved? Things have got worse. Pilot Osbourne has seen the iceberg ahead (unlike ex pilot Balls) and has asked for the engines to be slowed a bit .... now that might be a better plan to avoid the iceberg than putting the engines in full reverse and the rudder hard to starboard but either way HMS UK is going to hit, it is just a question of how long it take the rusting old hulk to sink.

The only thing holding the U.K. Titanic above the water is the iceberg!

Share this post


Link to post
Share on other sites

The only thing holding the U.K. Titanic above the water is the iceberg!

:lol:

I sometimes feel the correct analogy though is when the Titanic stern is vertical and bobbing about, just before the inevitable plunge into the icy North Atlantic.

Share this post


Link to post
Share on other sites

Scottish independence

Professor Keen’s intervention sheds new light on Scotland’s debate over independence. So far much of the debate has been about whether Scotland can afford independence. Mr Keen’s forecast for the UK economy suggests Scots would be wise to consider the potential risks and uncertainties of remaining within the UK economy. A severe contraction on the scale Mr Keen outlines would make Britain’s current austerity problems appear negligible.

Asked if he thought it would be in Scotland's interests to become independent, Mr Keen said that to break away from a UK Government "which for the last 25 years has been seduced by the neo-liberal dream which we're now finding out is actually a nightmare, then to break away from that political domination is a good idea".

Turning to the issue of what currency an independent Scotland should adopt, Professor Keen suggested that to protect Scotland from the UK's imminent contraction a "smart" move for Scotland would be "to have your own parallel currency".

The article is dated April 2012 and to try to be fair to Professor Keen he does seem to be implying that the timing of the "severe contraction" will be after the vote on independence and even after an actual official independence. Mind you how he came to that (apparent) conclusion is anyone's guess.

Edited by billybong

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 404 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.