Here in the UK we are now daily seeing TV and Newspaper articles on the impact of the sub prime and credit squeeze debacle.
Below is just one post on a BBC (Citi Group Web Article) blog:
"We have:- a Labour Government failing to deliver; health, education, law & order, adequate pensions, immigration control, a Conservative opposition bent on self destruction, a Liberal Party cast adrift on big ocean without steering, huge bailouts to Northern Rock - a 'bank' 'run' by a naive and woefully inadequate twitcher, The National Trust intending to buy up green belt land to protect the countryside from 'bent' planning officials, a massive lack of affordable housing, failing schools, The Met killing an innocent man, the Government releasing murderers early, releasing illegal immigrants and not knowing where they are, The DSS paying millions to immigrants who sign on the dole when they arrive, also paying child maintenance to immigrants even though their children are living abroad, The Goverment using HRH The Queen to 'promote' friendship between a State that stones women but which buys Typhoons from us, the BBC selling off TV House because it has run out of funds, Freeview and Satellite TV showing countless repeats for a monthly fortune, Gold at a 27 year high, Petrol and Diesel at an all time high, ASBOs not working, young soldiers getting blown up for no reason other than to secure oil rights in Iraq, Turkey massing their military for a possibly invasion of Iraq, Pakistan descending into chaos, Supermarkets buying up land adjacent to stores to stop competition, Banks making more profit per annum than some small countries GDP...... the list is endless.
Why should we care about Sub-Prime woes, we have enough to think about this side of the Pond don't we?"
To my way of thinking, the author of this BBC blog post is obviously naive to think that the sub prime issue is solely a US problem, and I believe this is just the tip of the iceberg...
My questions to the community are:
If there is a depression or a major recession just around the corner, what knock on effects will be experienced in the currency markets?
Will fundamentals rule the roost (continuous downward spiral for the immediate future) with interim technicals playing their part, OR, will the reverse be true, i.e. technicals (as normal) still drive the market with blips related to unexpected fundamentals news?
The article in question can be found at the link below. The blog that is listed below the article is particularly interesting...
http://www.bbc.co.uk/blogs/thereport...i_tsunami.html
Below is just one post on a BBC (Citi Group Web Article) blog:
"We have:- a Labour Government failing to deliver; health, education, law & order, adequate pensions, immigration control, a Conservative opposition bent on self destruction, a Liberal Party cast adrift on big ocean without steering, huge bailouts to Northern Rock - a 'bank' 'run' by a naive and woefully inadequate twitcher, The National Trust intending to buy up green belt land to protect the countryside from 'bent' planning officials, a massive lack of affordable housing, failing schools, The Met killing an innocent man, the Government releasing murderers early, releasing illegal immigrants and not knowing where they are, The DSS paying millions to immigrants who sign on the dole when they arrive, also paying child maintenance to immigrants even though their children are living abroad, The Goverment using HRH The Queen to 'promote' friendship between a State that stones women but which buys Typhoons from us, the BBC selling off TV House because it has run out of funds, Freeview and Satellite TV showing countless repeats for a monthly fortune, Gold at a 27 year high, Petrol and Diesel at an all time high, ASBOs not working, young soldiers getting blown up for no reason other than to secure oil rights in Iraq, Turkey massing their military for a possibly invasion of Iraq, Pakistan descending into chaos, Supermarkets buying up land adjacent to stores to stop competition, Banks making more profit per annum than some small countries GDP...... the list is endless.
Why should we care about Sub-Prime woes, we have enough to think about this side of the Pond don't we?"
To my way of thinking, the author of this BBC blog post is obviously naive to think that the sub prime issue is solely a US problem, and I believe this is just the tip of the iceberg...
My questions to the community are:
If there is a depression or a major recession just around the corner, what knock on effects will be experienced in the currency markets?
Will fundamentals rule the roost (continuous downward spiral for the immediate future) with interim technicals playing their part, OR, will the reverse be true, i.e. technicals (as normal) still drive the market with blips related to unexpected fundamentals news?
The article in question can be found at the link below. The blog that is listed below the article is particularly interesting...
http://www.bbc.co.uk/blogs/thereport...i_tsunami.html