UK Stripped Of AAA Credit Rating

Taco · Post by **Taco** » February 23rd, 2013, 9:52 pm

One more nail in the coffin for the global economy.

UK Stripped Of AAA Credit Rating
http://www.youtube.com/watch?v=TQVCvPtKTnE

xiongmao · Post by **xiongmao** » February 24th, 2013, 4:44 am

We're witnessing the great leveling. Standards of living will go up in developing countries, and down in developed.

Some outliers will exist, like Switzerland and Singapore - places where the super rich will live.

I don't have much Â£ income now though, so it's not really a worry.

publicduende · Post by **publicduende** » February 24th, 2013, 12:29 pm

I guess it could even be a good thing, as pound need to go down quite a bit to be competitive.