Quote:
Originally Posted by Earl of Bronze
I'm very relieved that I managed to sell out all my stock options before election day. If those ass-bags from Neo-Liebour get back in, I expect to see bad things happen on the stock, and futurers markets.
If the next government, whoever they are, don't get a grip on public spending, and the budget deficit quickly abd decisively. I expect the internation markets will be queuing up to hammer Stirling. That double dip recession is looking a bit more likely in my eyes....
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The EU have thought about the upcoming issues and decided the best way to deal with such things is to
regulate the credit rating agencies and considering making their own which clearly won't be politically influenced at all.
How dare they downgrade Greece rapidly because it was three weeks from defaulting? That'll teach them for doubting a Eurozone country. Maybe I'm being overly simplistic but the story really does read that the EU are considering retaliating on the agencies for doing their job and downgrading the credit of a nation in deep excrement purely because it was an inconvenient truth.
I actually totally agree the rating agencies need looking at - for being far too
generous with their sovereign ratings.