Who Are The Lenders?

walsworth

walsworth

Journeyman
Joined
Jul 19, 2006
Messages
1,718
Location
North Herts
I've just read a piece in The Sun (my colleague buys it) saying that Alistair Darling thinks we are walking on thin ice as regards the economy. Apparently the Government is borrowing £500million per day, just who is lending it to us?
 
Honestly, why do I get the feeling some are trying to paint this Alistair Darling as some sort of Nostradamous for stating the bleedin obvious about the recession? It's just a shame he or his the rest of his cabinet couldn't see how clear it was going to be when drawing up they're spending plans a few years earlier or selling off gold at discount prices!;)

They said the recession could be like a V shape, now I'm thinking it''ll be more of a never ending 'W', up-down up-down etc.
 
Last edited:
I read somewhere that a lot of drug money was pumped into the banks during the recession, wonder if that was mainly from that part of the world aswell?
 
Drug money wouldn't be coming from China - drug dealers get executed promptly and efficiently there, as they do in other Far and Middle Eastern countries. The Chinese have been very active in buying large shares in petroleum-related businesses and also reinvigorating things like copper and other mineral mining in Africa. They're not good on H&S in Africa, but when they're glad-handing the top officials rather handsomely, such things tend to get overlooked.
 
British government bonds are bought by pension funds, banks (to hold liquid [easily saleable] assets in case of a crisis and to hedge interest rate risk, foreign governments, private investors and wealth management funds.

Not sure I believe that thing about foreign drug money.
 
Back
Top