Tuesday, Dec 01, 2009

Could the UK's very own debt crisis hit in January?

Telegraph: Where Dubai leads, Britain could soon follow

First, if it looks like a bubble, it probably is a bubble. As Jim Krane, author of City of Gold: Dubai and the Dream of Capitalism, noted last week: "When you start building a third island shaped like a palm tree, intending it to be as big and crowded as Manhattan, you are crying out for a sober voice to bark: Stop." ...Interesting comment at the bottom suggesting that the UK is not only next to default on its debts, but SOON, citing JANUARY... could it the case?

Posted by mick rupert @ 09:38 AM (561 views)
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