Originally posted by darmstadt
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Eurozone debt crisis soon to be over
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Watching you cretins discuss economics must be akin to an anthropologist watching some long-hidden Amazonian tribe as they discuss advanced technology for the first time.
Hard Brexit now!
#prayfornodealComment
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The only way this is going to end is with countries dropping out of the Euro. Printing money will delay the inevitable by a few years.Comment
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...the Euro rises again against the pound and Italian yields continue to drop. If Greece actually agree the haircut with creditors and with the pound zone increasingly looking like it won't hold together, one can't help feeling that the pound may continue to sink against the Euro.I'm alright JackComment
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Originally posted by BlasterBates View Post...the Euro rises again against the pound and Italian yields continue to drop. If Greece actually agree the haircut with creditors and with the pound zone increasingly looking like it won't hold together, one can't help feeling that the pound may continue to sink against the Euro.Hard Brexit now!
#prayfornodealComment
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Originally posted by BlasterBates View Post...the Euro rises again against the pound and Italian yields continue to drop. If Greece actually agree the haircut with creditors and with the pound zone increasingly looking like it won't hold together, one can't help feeling that the pound may continue to sink against the Euro.
The market has already factored in a 60% haircut. But realistically 90% or more is needed. And then the fun will start.Comment
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Originally posted by sasguru View PostOk who's on cretin watch today? I'm busy.merely at clientco for the entertainmentComment
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Originally posted by sasguru View PostOk who's on cretin watch today? I'm busy.
The City is the fastest shrinking financial centreI'm alright JackComment
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Originally posted by BlasterBates View PostComment
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Originally posted by BlasterBates View PostJust to add some more detail. One of the problems is that the UK is dependent on financial services, and the City is shrinking fast.
The City is the fastest shrinking financial centre
If your financial centre consisted of 1 man and a dog and you get rid of the man the financial centre has shrunk by 1 (but also be 50%).
If your financial centre employs 1 million and 50,000 go then you you've lost 50,000 people which is a lot. It is however only 5% of all people employed in that sector.
So the article is technically right but as with everything you write its also totally wrong.merely at clientco for the entertainmentComment
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