In an article "Irish lesson" published on this blog on 14 August 2010, the author argued that the UK credit rating will be cut by the rating agencies, despite (or rather because) of the government savings, public spending cuts and austerity measures.
Recently a credit rating agency, Moody's, has confirmed such an intention.
The so-called "financial markets" have become so transparent, conspicuous and predictable in their rather crude ripping off strategy of the taxpayers that it defies belief. It adds insult to injury: this is exactly like a burglar sending an advance notice to his victims and then robbing their homes in front of their eyes.
Recently a credit rating agency, Moody's, has confirmed such an intention.
The so-called "financial markets" have become so transparent, conspicuous and predictable in their rather crude ripping off strategy of the taxpayers that it defies belief. It adds insult to injury: this is exactly like a burglar sending an advance notice to his victims and then robbing their homes in front of their eyes.
No comments:
Post a Comment