What the people who know think of Brown's borrowing binge
These being the folk behind the World Economic Forum's (The Davos boys and girls) 'Global Risks 2009' report, penned in collaboration by Swiss Re, MMC and Citigroup, inter alia:
"The US, United Kingdom, France, Italy, Spain and Australia are all already running high deficits. Massive government spending in support of financial institutions and growth are threatening to worsen fiscal positions that are already precarious in many countries".
Much more here, including some graphics that risk sparking epilepsy.
"The US, United Kingdom, France, Italy, Spain and Australia are all already running high deficits. Massive government spending in support of financial institutions and growth are threatening to worsen fiscal positions that are already precarious in many countries".
Much more here, including some graphics that risk sparking epilepsy.
Labels: WEF
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on Tuesday, January 13, 2009 at 2:33 pm.
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Translation: Britain is leading the world, the Labour government's policies are being emulated by the other developed economies, the Tories want you to all get thrown onto the dole so that you can be eaten by the evil top-hatted capitalists.
As parents everywhere say, 'And if X jumped off a cliff, would you follow him?'
One in a series of illuminating posts. Tough to make sense of some of those diagrams, though.
Cheers PT. The charts are a bit brain melting, aren't they?
Nice to bump into you over at CH, by the way.
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