rinkerdink

Please just posts that include links to economic reports from experts and then amatuer opinion on them, please also assume the high ground in any subsequent differences of opinion.

£ to $ rate, economic outlook for UK and Aus and the respective housing markets too please.

I need some really good advice.

Thanks

commonwealth

you meant amateur?

commonwealth

i shall be buying mexican pesos only in the future

rinkerdink

Thanks for the correction, i realise how to spell it properly but it is one of those repeated typo's I seem to make you may see a lot of thnaks on my posts too

Wendy

don't you hate that. I make that mistake ALL the time!

(Sorry I have NO idea about house markets or economy, just dyslexic spelling )

commonwealth

commonwealth

as at 25 May 2010*



*of course we now know it's over a trillion pounds now.

DeadVim

You live in Rainham, move.

Even if it means joining the pikies on Sheppey.

**** the money, that's my advice.

Green Grass

The UK does have a mountain of debt but have retained their AAA rating due to measures being taken by the UK goverrnment. The IMF advised yesterday they are not concerned about the UK debt reduction measures. The UK debt issue is not the same as other troubled Euro economies as the UK debt maturity profile is very long term in comparison. The UK has a high quantity of 20 year to 50 year debt. Many Euro countries have hit problems by having too much debt maturing in the short term which has needed refinanced at higher rates of interest due to investor demands for higher yield.

Note also that yesterday the UK successfully issued new 10 year debt at their lowest rate of interest since the 18th century. The trillion won't ever be fully repaid and outstanding debt will be refinanced onto other long term debt issues in the future as opportunities arise.

commonwealth

although I hope you're joking. we all know this has got to stop. and if the Bank of England will continue buying gilts . . . we know where we're heading.

Green Grass

The UK might get out of deficit at some point, but I don't see it in the next 10-20 years.

commonwealth

10-20 years of potential stagnation.

chris955

You will have to excuse Commonwealth, he can't see past 'awesome Sydney'.
Good post by the way.

iamthecreaturefromuranus

The Philippines? Japan? Indonesia...... oh I give up. Where are we heading?

chris955

You know, that place, over there or up there or just left of there.