UK credit rating downgraded... by China UK credit rating downgraded... by China
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  1. #1

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    Default UK credit rating downgraded... by China

    Are they serious?

    The UK's credit rating has been cut by the Dagong rating agency of China.

    The agency blamed the UK's sluggish growth, which it said would be stuck in the 1.3%-1.5% range for two more years, hurting government finances.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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    Quote Originally Posted by scooterscot View Post
    They're doing it to us before the rest of the world does it to them.

    China is going to turn to ratsh!t very soon.

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    Quote Originally Posted by Churchill View Post
    They're doing it to us before the rest of the world does it to them.

    China is going to turn to ratsh!t very soon.
    And you base that incredible insight on what exactly?
    What happens in General, stays in General.
    You know what they say about assumptions!

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    Quote Originally Posted by Churchill View Post
    They're doing it to us before the rest of the world does it to them.

    China is going to turn to ratsh!t very soon.
    What was it you said to me? What would you know about it or something.


    Would this be the same China with trillions of $$$$ surplus cash in vaults and 1000's of tonnes of gold bars and all the rare earth elements tucked away?


    Stick to assembler and leave financial matters to experts like myself.
    SARS-CoV-2 - Finally something from China that still works as designed.

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    Quote Originally Posted by DimPrawn View Post
    What was it you said to me? What would you know about it or something.


    Would this be the same China with trillions of $$$$ surplus cash in vaults and 1000's of tonnes of gold bars and all the rare earth elements tucked away?


    Stick to assembler and leave financial matters to experts like myself.
    He might have a point. Ethnic, religious and political tensions are brewing away under the surface in China and could send a lot of faeces to connect with ventilators within the next few years.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

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    Quote Originally Posted by Mich the Tester View Post
    He might have a point. Ethnic, religious and political tensions are brewing away under the surface in China and could send a lot of faeces to connect with ventilators within the next few years.
    Here we go again, reality and common sense. You're going to have to stop this.

  7. #7

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    Quote Originally Posted by scooterscot View Post
    Yes.

    Are they right?

    Yes.

    What about the Western agencies, they all rate the UK as AAA?

    Job motivation: how the powerful steal from the stupid.

  8. #8

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    Quote Originally Posted by Mich the Tester View Post
    He might have a point. Ethnic, religious and political tensions are brewing away under the surface in China and could send a lot of faeces to connect with ventilators within the next few years.
    Chinese army will just shoot them all. They have a billion people, if they have to murder a million or so demonstrators, so be it.
    SARS-CoV-2 - Finally something from China that still works as designed.

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    Quote Originally Posted by Ignis Fatuus View Post
    Yes.

    Are they right?

    Yes.

    What about the Western agencies, they all rate the UK as AAA?

    Western agencies rated the nice CDOs AAA, and since UK has same credit quality it seems ok.
    "Condoms should come with a free pack of earplugs."

  10. #10

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    Quote Originally Posted by Mich the Tester View Post
    He might have a point. Ethnic, religious and political tensions are brewing away under the surface in China and could send a lot of faeces to connect with ventilators within the next few years.
    I've just taken a look outside - its nice and peaceful here in China. Not like Glasgow at all.

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