UK Government Debt - Putting it in perspective

joe_blotts

You mean all that PIIGS sovereign debt our banks are filled with, or US subprime MBS? Yes that would be interesting.

CLAPTON

joe_blotts wrote: »

You mean all that PIGGS sovereign debt our banks are filled with, or US subprime MBS? Yes that would be interesting.

I know some-one with debts of 150,000 (it's often called a mortgage)
they 'own' a property with a market value of about 320,000 and savings of about 25,000

I think the second bit of information is relevant in the context of a discussion about debt

sorry you don't

joe_blotts

CLAPTON wrote: »

I know some-one with debts of 150,000 (it's often called a mortgage)
they 'own' a property with a market value of about 320,000 and savings of about 25,000

I think the second bit of information is relevant in the context of a discussion about debt

sorry you don't

Afraid I don't understand your point. Which bit of information do I apparently not feel is relevent?

chewmylegoff

joe_blotts wrote: »

You mean all that PIGGS sovereign debt our banks are filled with, or US subprime MBS? Yes that would be interesting.

also, it's all very well to stick up a chart which purports to show british banking liabilities as being very high, and other countries' being much lower, but at least half of the liabilities showing up in the british column are actually the liabilities of the UK branches of foreign banks, which we have no responsibility for and which are therefore in the wrong column.

joe_blotts

chewmylegoff wrote: »

also, it's all very well to stick up a chart which purports to show british banking liabilities as being very high, and other countries' being much lower, but at least half of the liabilities showing up in the british column are actually the liabilities of the UK branches of foreign banks, which we have no responsibility for and which are therefore in the wrong column.

Afraid you lost me a bit there. I think when it says UK financials it means UK Financials ie British owned and not foreign banks.

chewmylegoff

joe_blotts wrote: »

Afraid you lost me a bit there. I think when it says UK financials it means UK Financials ie British owned and not foreign banks.

i severely doubt it, but i can't find the numbers behind the graph you are using and i don't care enough to look.

joe_blotts

Perhaps you should take it up with Morgan Stanley. That is their name at the bottom of the graph, not mine.

chewmylegoff

joe_blotts wrote: »

Perhaps you should take it up with Morgan Stanley. That is their name at the bottom of the graph, not mine.

who cares who made it, the basis of calculation is what matters, not the source.

where does the graph come from, the source page might explain the basis of calculation?

most other sources put external financial sector debt at about 300% of UK GDP. whilst it may be true that internal financial sector debt is another 300% of GDP, i rather doubt it somehow, and therefore i suspect that the liabilities of overseas banks operating in london are included in the figures. (it is also notable that some sources have UBS and credit suisse together having liabilities amounting to 600% of swiss GDP which is not reflected by the graph you have posted).

joe_blotts

I'm sure the basis of calculation s the same for each country, and as this is a graph of perspective what you see is the perspective, that our debt is the highest in the g10 by a wide margin regardless of the hair splitting your attempting

chewmylegoff

joe_blotts wrote: »

I'm sure the basis of calculation s the same for each country, and as this is a graph of perspective what you see is the perspective, that our debt is the highest in the g10 by a wide margin regardless of the hair splitting your attempting

so basically you don't know. where does the graph come from?