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Moneyweek again - this time they're serious
Comments
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It fails to appreciate how much we can devalue the pound, increase immigration and change our entitlement commitments.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0
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Greece's long maturity is a result of not paying her debts,
That makes sense, Greece would have rolled over the debt every year but it was impossible meaning the debt left was longer term and the bailout was probably longer term also.
If they had just financed their spending at ten years or more maybe they would have been ok.
Thats why Im thinking the USA scenario is a potential landslide because alot of it is this annual turnover. Like they have to refi 6tn this year or something silly like that, still easily done at the moment especially with the FED.
Is the FED any positive influence in that they have done some longer term
It fails to appreciate how much we can devalue the pound,
That is a negative of its own, it might take pressure off the face value but its still a problem in total cost0
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