I have been reading this article its scary how can worlds minds be so panick stricken.
An empirical nail for the austerity coffin
http://www.businessspectator.com.au/...rc=sph&src=rot
Not sure it deserved new thread but its the
economic analysis and of whether Austerity was is ever possible to work.
The data dont add up good reading infact the mess was increased by markets/governments panic button it seems.
We slowly seeing many economic influential people saying its a suicide move. What options are left to turn things around. Seems only solution is go into hyperdrive for a War(do we really want that route).
Also some seriously worrying comments further down that indicators suggest another crash storm coming. Second mega shock to the economy.
We already probably seemingly slipping with us our manufacturing figures down it seems for UK.
http://www.guardian.co.uk/business/2...-dip-recession
We certainly had spook today in the markets after currency had recovered over yesterday.
We now had run on our currency this snapshot what is present. Yep its not looking nice although not flood like slow trickle. Euro actually holding pretty well. The big winners USA as there economy recoverying well.
Quote:
Foreign Exchange Rates Live
Select currency
Name Last Open High Low Net chg. Chg. % Last Time
GBP/USD 1.5027 1.5165 1.5187 1.4986 -0.0136 -0.89% 20:28:32
EUR/GBP 0.8666 0.8611 0.8687 0.8609 +0.0055 +0.64% 20:28:32 GBP/AUD 1.4735 1.4846 1.4861 1.4690 -0.0110 -0.74% 20:28:33
GBP/CAD 1.5435 1.5630 1.5640 1.5423 -0.0194 -1.24% 20:28:31 GBP/CHF 1.4171 1.4204 1.4217 1.4093 -0.0030 -0.21% 20:28:33
GBP/NOK 8.6488 8.7010 8.7280 8.6334 -0.0539 -0.61% 20:28:33
GBP/DKK 8.6020 8.6605 8.6625 8.5865 -0.0585 -0.67% 20:28:31
GBP/SEK 9.6668 9.8052 9.8093 9.6458 -0.1382 -1.40% 20:28:33 GBP/JPY 140.6200 140.3440 140.9500 139.1150 +0.2675 +0.19% 20:28:33
GBP/NZD 1.8222 1.8379 1.8397 1.8170 -0.0165 -0.89% 20:28:33 GBP/HKD 11.6540 11.7580 11.7780 11.6210 -0.1065 -0.90% 20:28:23
GBP/SGD 1.8640 1.8781 1.8793 1.8579 -0.0139 -0.74% 20:28:26
|