| ▲ | mark_l_watson 2 hours ago | ||||||||||||||||
Potentially, the raising interest rates because investors don’t trust the long term stability of the UK economic system (more spending on pro-war activities, sluggish economic growth, and higher than expected government borrowing) will crash their financial system. I hope I don’t sound too selfish but I am a USA citizen, and I would rather worry about my own country’s medium-term financial future. | |||||||||||||||||
| ▲ | jalev 2 hours ago | parent | next [-] | ||||||||||||||||
The UK's financial system made it out battered but bruised in the 70s which were a magnitude worse than what we have right now (double digit unemployment, inflation double digit, interest rates at like 15%, an IMF bailout...). Any talk of the British financial system collapsing is as realistic as the S&P500 dropping 50% in the near future: sure it can happen but the chances are so statistically small you have a better chance of winning the lottery. | |||||||||||||||||
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| ▲ | noir_lord 2 hours ago | parent | prev | next [-] | ||||||||||||||||
If I was American I’d be worried about the US as well. You elected a circus. | |||||||||||||||||
| ▲ | cryptonym 2 hours ago | parent | prev | next [-] | ||||||||||||||||
Let's play a game > Potentially, the raising interest rates because investors don’t trust the long term stability of the [Guess the country] economic system (more spending on pro-war activities, sluggish economic growth, and higher than expected government borrowing) will crash their financial system. | |||||||||||||||||
| ▲ | alex_duf 2 hours ago | parent | prev [-] | ||||||||||||||||
>I hope I don’t sound too selfish but I am a USA citizen The rest of the world is getting tired of worrying about the US's economical situation, whether it the dotcom bubble, the sub-primes, or now the potential AI bubble. So apologies for being blunt here, but yes it does sound selfish to me | |||||||||||||||||
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