Can somebody clear this up for me…
Has not the UK the engaged in the practise of quantitative easing to a level previously considered unimaginable and is not the UK in rags and tatters?
Did we not have the first run on a major bank in 200 years back in 2007, and don’t we the public, own something like 85% of the previously gloried RBS because it actually couldn’t make 2+2=4.
Was it not, in the Houses of Parliament, that the heads of each major bank sat in front of a Commons Committee and it was discovered that none of the heads of the banks, had a single banking qualification between them?
Was that the UK? I think it was and much more horrific stories of gross financial mismanagement and negligence besides when it came to the economy, which in our usual cahoots with the USA we, and they, almost managed to literally close down the entire world economy.
Am sure I was sat here watching Alistair Darling explaining to the BBC Money Programme special how, we were within two hours of all the ATM’s in the UK shutting down and being unable to dispense money and an equal number of hours before all banking would have frozen and literally no ones wages would have been paid.
What…. you think Spain has problems?
And where were all you guys prior to 2008? And what was your financial analysis and data collecting telling you back then? I know Mark was predicting the Perfect Storm for the Spanish Property Market back in 2006 and I was agreeing with him.
But now all of a sudden you all know with unbelievable certainty that Spain’s economy is on the rack and you all come from where… exactly? And you were what all ahead of the ball game come the crash too I suppose?
Sorry but am afraid it is all phooey round here. I say this not to be rude, just that for about 3 years I religiously watched the stock market daily having gone in and lost a bundle and was waiting for it to come back, and I used to know the exchange rate to the € / £ by the hour, but I gave up looking at any of that quite a while back.
It matters not folks, you need to get out and live a little, lets all meet up on the Paseo in Marbella have a beer and a tapas and chill down some.
And believe it, am sure investor confidence in Spain is improving and there is an argument to say that but for quantitative easing on a MASSIVE SCALE the UK would have been in a lot worse position than Spain no?
Or do I have it all wrong?