Banking Doom

[AtW]

You know that joke about two people being chased by a bear, and one only having to run faster than the other.

In this case there are multiple hungry bears.

[TestMangler]

But which is which?

PJ Clarke will be along with some Brexit graphs shortly....

[OwlHoot]

Flaw. In. Plan.

I said try and position oneself ... I never said the plan would (entirely) work.

[LondonManc]

One of these is real and one is a myth

But which is which?

[TestMangler]

UK heading for new financial crisis 'on grander scale than 2008' with Bank of England 'asleep at the wheel', says ASI | Business News | News | The Independent

I blame Brexit and Global Warming.

One of these is real and one is a myth

[LondonManc]

You know that joke about two people being chased by a bear, and one only having to run faster than the other.

Well it's the same thing with UK v other countries' banks, especially US banks.

As long as we aren't more exposed and out on a limb than most of them we'll be fine (relatively speaking).

Actually, being a "safe haven" relative to places like the US might be almost as bad, if that caused foreign currency to flood in and raise sterling.

So I guess the trick is to try and position oneself as no more and no less precarious bank-wise than any other (sane) country.

Flaw. In. Plan.

[OwlHoot]

UK heading for new financial crisis 'on grander scale than 2008' with Bank of England 'asleep at the wheel', says ASI | Business News | News | The Independent

I blame Brexit and Global Warming.

You know that joke about two people being chased by a bear, and one only having to run faster than the other.

Well it's the same thing with UK v other countries' banks, especially US banks.

As long as we aren't more exposed and out on a limb than most of them we'll be fine (relatively speaking).

Actually, being a "safe haven" relative to places like the US might be almost as bad, if that caused foreign currency to flood in and raise sterling.

So I guess the trick is to try and position oneself as no more and no less precarious bank-wise than any other (sane) country.

[GB9]

Hmmmm.... make a massive statement....if you're right, you're made for life. If you're wrong, no-one knew who you were anyway. A fair gamble.

[CretinWatcher]

UK heading for new financial crisis 'on grander scale than 2008' with Bank of England 'asleep at the wheel', says ASI | Business News | News | The Independent

I blame Brexit and Global Warming.

He's right. That's why I'm divesting my investments and moving them out of the country.
Completely predictable of course except by the 52% of cretins.
Once a country has a majority of cretins it's fooked

[GB9]

All economists are in agreement apparently.......except the ones that aren't.

[DimPrawn]

UK heading for new financial crisis 'on grander scale than 2008' with Bank of England 'asleep at the wheel', says ASI | Business News | News | The Independent

I blame Brexit and Global Warming.