UK doomed by size of debts thread..

[BlasterBates]

SO what was the relevance of your post above about "Major British Companies Facing Administration" which implied ordinary non-financial firms were in more trouble than other countries?
See what I mean about not having a mind like a steel trap? You post complete irrelevant crap like a doddery old fool with Alzheimers.


PS You still haven't told us if you're a janitor or a security guard.

I suppose it's difficult to see the relevance of the atricle if you're as thick as pigsh*t, but I'll spell it out to you for the benefit of the interested reader.

Quite a few British companies are now facing bankruptcy, who are funded by a British bank who is effectively insolvent, and the subsequent losses will be funded by the tax payer.

Just demonstrates the extent of the corporate debt problem in the UK and the fact that both non-financial and financial companies are in trouble.

I think if you're as thick as pigsh*t you wouldn't notice when Alzheimers came along.

[sasguru]

I suppose it's difficult to see the relevance of the atricle if you're as thick as pigsh*t, but I'll spell it out to you for the benefit of the interested reader.

Many major British companies are now facing bankruptcy, who are funded by British banks who are themselves effetcively insolvent, and the subsequent losses will be funded by the tax payer.

Many major Britsh companies are facing bankruptcy? What's new, companies go bankrupt all over the world all the time.

British banks are more insolvent that Euroland banks?

I 'm guessing security guard. Or maybe some type of simple clerical work.

[AtW]

British banks are more insolvent that Euroland banks?

Dunno, do they even have casino banks in euroland?

[BlasterBates]

British banks are more insolvent that Euroland banks?

Maybe this might give you a clue:

Total Debt to GDP (%) | Global Finance

Which compares debt levels between the UK and Euro zone countries, also for financial institutions.

Have a nice day.

[DodgyAgent]

Maybe this might give you a clue:

Total Debt to GDP (%) | Global Finance

Which compares debt levels between the UK and Euro zone countries, also for financial institutions.

Have a nice day.

So what?

[darmstadt]

I confirm that I saw this bet proposal.

Now if only BlasterBates confirms he works in intellectually demanding occupation he could be moving into new bedsit over a kebab shop next to Wandsworth HMP.

No, shed at the bottom of DA's garden...

[sasguru]

So what?

That might as well be the signature to all BB's posts.

I reckon he's low-level IT support.
Whcih means I get to keep my large house and he gets to keep hid hand-to-mouth existence in his bedsit in Euroland.

[DodgyAgent]

Maybe this might give you a clue:

Total Debt to GDP (%) | Global Finance

Which compares debt levels between the UK and Euro zone countries, also for financial institutions.

Have a nice day.

You dont do perspective do you? Your mind works in binary only. Its right or its wrong debt is good or it is bad, banks are in debt -bad. No inkling that maybe the type of debt or when the debt is due really comes into your sort of equation. The same with global warming - it is or it isnt good or bad etc etc.

[BrilloPad]

10.39am: Germany's debt auction has also just concluded --- and the breaking news is that it has sold just over €4bn of the €5bn of 10-year Bunds on offer.

The Bundesbank reported that it sold €4.057 of 10-year Bunds. The yield (or interest rate) on the debt fell slightly to 1.93%, from 1.98%, but this is the second auction in a row where the German Finance Agency has been forced to retain some debt.

We'd flagged up at 9.58am that there was a risk that the auction might not be fully subscribed (David Schnautz of Commerzbank called the results very accurately).

The result certainly isn't a disaster, and it would be wrong to suggest that 'the markets' suddenly don't trust German debt. Looking at the table of results -- Germany actually received more than €5bn of bids, but presumably some of the bids were unacceptably low.

10.36am: Here come the auction results -- with the British debt sale going smoothly.

The UK Debt Management Agency just reported that it sold its £3.75bn of five-year gilts at an average yield, or interest rate, of 1.106%. That's a drop from 1.143% at the last auction of this kind.

============================
Eurozone crisis:
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Looks like sterling is doing quite well.

[sasguru]

Your mind works in binary only. .

Definitely low level IT support
His school reports were right, I'm guessing the word "Average" figured hugely.