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02 Feb 10
19:42
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Date Joined:
04 Oct 01
has this to say about your country.
"the UK is a must to avoid. Its Gilts are resting on a bed of
nitroglycerine. High debt with the potential to devalue its currency present high risks for bond investors. In addition, its interest rates are already artificially influenced by accounting standards that at one point last year produced long-term real interest rates of 1/2 % and lower."
Translated into English = we're fȕcked.
(Did you like the ȕ? It comes from the Serbo-croat language. Dashed handy of them having a U with a little bit on the top.)
PS Bill Gross said a couple of years ago that anyone taking out a buy-o-let in the UK was 95% certain to do their conkers in.
How right was that.
"the UK is a must to avoid. Its Gilts are resting on a bed of
nitroglycerine. High debt with the potential to devalue its currency present high risks for bond investors. In addition, its interest rates are already artificially influenced by accounting standards that at one point last year produced long-term real interest rates of 1/2 % and lower."
Translated into English = we're fȕcked.
(Did you like the ȕ? It comes from the Serbo-croat language. Dashed handy of them having a U with a little bit on the top.)
PS Bill Gross said a couple of years ago that anyone taking out a buy-o-let in the UK was 95% certain to do their conkers in.
How right was that.
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