UK Total debt - Ouch

HAMISH_MCTAVISH

Degenerate wrote: »

MBA-toting sociopaths, .

Hey!!!

I resemble that remark.....:A

I'd take offense, but that bits mostly true...... :cool:

HAMISH_MCTAVISH

Degenerate wrote: »

The KPI culture is what enables knowledgeless morons people smarter than you to pose as good managers and wreak destruction on formerly good operations get rid of the deadwood employees and trim the fat within an organisation, returning it to profitability and claiming success (and enriching themselves.)

Oh.... And fixed that for you.:D

sabretoothtigger

USA has 2nd lowest time to maturity there. Short dated debt is the cheapest kind and most dangerous to roll over, the banks had this problem of long term liability (mortgages) and short termed funding.
I presume it can play out again on a government also in similar way, just takes some pressure but the weakness is there now.
They only found out madoff through external factors because too many people wanted their money back at once, so he lacked the liquidity to maintain the illusion

the UK is in the best position in that sense. Japan and Italy look to have major issues.

Japan is a self funded country but with a ageing population, they will retire and it will be time to use those savings. Again that is a question of pressure I guess.

Italy has large gold reserves if I remember right Things possibly not as bad as it appears for them, if gold continues to act as a compensator.
I heard a couple of positives for Greece recently, foreign investment encouraged and possible sale of an island to actually clear some debt not just delay it. They are still operating a deficit though which surely is not austerity ?


Its more then one factor in play, it will be interesting/horrifying to watch how it falls apart. What is needed is some very clever juggling
http://www.youtube.com/watch?v=LY3aTsmHFV8

the debt is scary but it looks manageable when looked at the time to maturity.

We may have 13 years but if every single bond that expired was not renewed we'd be in trouble. Its a confidence game

Generali

Kohoutek wrote: »

No it isn't, actually 80% is not index linked.

http://www.dmo.gov.uk/reportView.aspx?rptCode=D5E&rptName=65789185&reportpage=Market_Size

In 2010 gilts outstanding totalled £913.5 billion, of which £190.6 billion was index linked gilts (uplifted nominal value)

It's worth bearing in mind that the biggest unfunded liability, pensions for Civil Servants, is also index linked.

purch

t's worth bearing in mind that the biggest unfunded liability, pensions for Civil Servants, is also index linked.

Good point....and also most of the other unfunded liabilities that are not 'directly' index linked, will also be revalued against whatever measure of Inflation is popular at the time.