Printing Money

StevieJ

purch wrote: »

I think there will be a huge amount that has been written down by too much, but also stuff that hasn't yet been marked down to a realistic level.

It will take more than a year or two to find out exactly what is performing, and has a value and what has to be totally written off.

I guess a turnaround in the housing market would completely transform the situation and make a profit for US and UK govts, mmmm.

Kenny4315

Generali wrote: »

Take a simple economy. 3 people, 3 cans of cold beer, 3 pound coins, one each. It's clear that the beers will sell for a pound each.

Mr Clown & Hs Darling have already drank the 3 beers, but they'll still have your CASH anyway :beer: . 2 for that Fat Bar Steward Clown :mad: :mad: & One For Hs Darling. :mad:

harryhound

StevieJ wrote: »

I guess a turnaround in the housing market would completely transform the situation and make a profit for US and UK govts, mmmm.

Are we agreed that this is Alice in Wonderland stuff during this and the next 5 year Government term unless inflation gets out of hand?

Did I hear a news item: The world's [strike]most[/strike] second most successful exporting country has had trouble selling its latest bond issue?

Where does that put an off shore island of 60 million people, with a now flaky looking financial services industry, with the most urgent need to refinance it's short term loans?