Noticed an article on the BBC web site (source of balanced and impartial reporting) yesterday that said that France was in the merde as Hollande was unable to take any effective action on the national debt. I had a rummage around and found this site; http://www.eudebtclock.org/

If France is in the merde we are well under. When Cameron and GO say there is a need for even harsher austerity whoever forms the next govenment he ain't kidding. Just look at the rate UK debt is going up compared to other European countries. USA and Japan are in a class of their own though.

I thought I would share this as I hate to worry alone. GONE - '07 TD4 GS manual Zermatt Silver
LONG GONE - '55 Norton Dominator 99 SS cafe racer

The world is basically bankrupt and stock markets are at record highs. Wonder what's going to happen?  
Hung like Einstein, smart as a horse.

Last edited by shiggsy on 6th Nov 2014 12:47 pm. Edited 1 time in total

Scary stuff - Sweden and Finland seem to be getting things least wrong. Mind you, all we need to do is get out of the EU and our situation would improve by £55 million per day! We still need far lower government spending and far lower taxes to encourage people to earn more. This so-called "austerity" is a huge con, we really need the government to do far less and employ far fewer people. Ours - 2008 Stornoway Grey HSE Auto
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I don't pretend to understand the stock markets but if somebody loses something, surely someone, somewhere, gains? Otherwise, where does it go?

Some rich very people get richer and the rest of us get s d. It isn't really the stock market that is the problem, it's that governments and people are buying things with money they don't have. Have a look at http://themoneycharity.org.uk/money-statistics/ to see what personal debt is in the uk. As someone who is mortgage free/credit free (I own my home, cars, motorcycles) and who pays off credit cards each month the figures are pretty staggering. The figures are even worse for government.

Steve D wrote:

I don't pretend to understand the stock markets but if somebody loses something, surely someone, somewhere, gains? Otherwise, where does it go?