tag:blogger.com,1999:blog-2948538160252327076.post7039935811728745501..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Just one more problem to add to the listAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2948538160252327076.post-49447723058463765152008-08-22T00:24:00.000+01:002008-08-22T00:24:00.000+01:00Ta, Alice, I was being a tad slow there. I'd misi...Ta, Alice, I was being a tad slow there. I'd misinterpreted what you meant by "cumulative" - I should have guessed "cumulative annual" - but my brain wasn't properly engaged.<BR/><BR/>:-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-32909530128946853602008-08-21T20:35:00.000+01:002008-08-21T20:35:00.000+01:00So, the government is exempt from the credit crunc...So, the government is exempt from the credit crunch.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-5365998696690209302008-08-21T18:35:00.000+01:002008-08-21T18:35:00.000+01:00Alice,Good post. Some comments:- Have you tried tr...Alice,<BR/><BR/>Good post. Some comments:<BR/><BR/>- Have you tried tracking the price the government has to pay to offload the debt, or the bidding interest shown by it's buyers? That'll be the canary in the coalmine for whether the government is having problems persuading people to lend it money.<BR/>- As for the media, why would they care? Most people would never understand the issue, and most of the rest expect to benefit from the government's largesse. It won't be a media issue until it explodes. See Fannie and Freddie.<BR/>- "All this borrowing will, one day, have to be paid back". Ha Ha Ha. That'll be the Tories' problem. And the problem of all those suckers who haven't been born yet. Unborn people don't vote.<BR/>- "Darling doesn't like to say no" Indeed. That's why he got the job.<BR/>- "the growing economic calamity that the UK economy is cooking up" Let's be clear about the blame. Labour is cooking it up. Like they always do.<BR/><BR/>I'm looking towards the point where the bond vigilantes come out and tell the Goblin King how much he can spend. I hope it's soon.<BR/><BR/>NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-64844127630907327892008-08-21T17:49:00.000+01:002008-08-21T17:49:00.000+01:00asteve,During the beginning of the year, they run ...asteve,<BR/><BR/>During the beginning of the year, they run surpluses and then move into deficit. Borrowing here is defined as a negative, which it is for the taxpayer.<BR/><BR/>AliceAlice Cookhttps://www.blogger.com/profile/05753570123987780947noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-57595881491175607662008-08-21T16:55:00.000+01:002008-08-21T16:55:00.000+01:00(Sorry, I'll be more explicit...)Both graphs are t...(Sorry, I'll be more explicit...)<BR/><BR/>Both graphs are titled "borrowing" and your graphs show negative numbers now...<BR/><BR/>I'm also a bit confused about the red line... the idea that the line crosses 0 is also perplexing... we've got somewhere in the ballpark of £0.5 to £1.0tn in gross government debt... depending how you calculate it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-92018763331383864602008-08-21T16:39:00.000+01:002008-08-21T16:39:00.000+01:00asteve, I am a very poor editor, and I will re-rea...asteve, I am a very poor editor, and I will re-read and see if I find any obvious typos and grammatical errors.Alice Cookhttps://www.blogger.com/profile/05753570123987780947noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-80326995041983625122008-08-21T16:38:00.000+01:002008-08-21T16:38:00.000+01:00Lots of expensive war in recent years...B. in C.Lots of expensive war in recent years...<BR/><BR/>B. in C.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-62153598873702332302008-08-21T16:27:00.000+01:002008-08-21T16:27:00.000+01:00Alice, I spy a double negative.Borrowing is positi...Alice, I spy a double negative.<BR/><BR/>Borrowing is positive, surely?<BR/><BR/>:)Anonymousnoreply@blogger.com