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(Guardian)   Debt investors have more confidence in Greece or Italy than the UK right now   (theguardian.com) divider line
    More: Fail, Bank of England, Money, Debt, United Kingdom, Monetary policy, Loan, Central bank, Interest rate  
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814 clicks; posted to Politics » on 27 Sep 2022 at 11:46 PM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-09-27 11:47:12 PM  
Daaaaaaaaaamn!
 
2022-09-27 11:52:28 PM  
Maybe Europe would do something to help you... you know, if you hadn't told them to FOAD.
 
2022-09-27 11:53:26 PM  
I have not been paying attention to the uk. There economy in the shiatter?
 
2022-09-27 11:53:39 PM  
You'd think, at some point, humanity would learn to stop putting right-wingers in charge, because it goes badly every single farking time. Even more reliably than putting 'Communists' in charge.
 
2022-09-27 11:56:47 PM  

LordJiro: You'd think, at some point, humanity would learn to stop putting right-wingers in charge, because it goes badly every single farking time. Even more reliably than putting 'Communists' in charge.


Six of one, half dozen of the other.
 
2022-09-28 12:05:24 AM  
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2022-09-28 12:09:13 AM  
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2022-09-28 12:09:20 AM  

LordJiro: You'd think, at some point, humanity would learn to stop putting right-wingers in charge, because it goes badly every single farking time. Even more reliably than putting 'Communists' in charge.


I'm beginning to suspect massive election fraud is occurring and it just so happens to favor the pro-war parties.
 
2022-09-28 12:13:40 AM  
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All part of the plan
 
2022-09-28 12:14:51 AM  
So how's that non-binding referendum working out for you's guys?
 
2022-09-28 12:14:52 AM  

mistahtom: LordJiro: You'd think, at some point, humanity would learn to stop putting right-wingers in charge, because it goes badly every single farking time. Even more reliably than putting 'Communists' in charge.

I'm beginning to suspect massive election fraud is occurring and it just so happens to favor the pro-war parties.


More the party supported by the small number of people who own 95% of everything and want to keep it.
 
2022-09-28 12:16:35 AM  

Incontinent_dog_and_monkey_rodeo: mistahtom: LordJiro: You'd think, at some point, humanity would learn to stop putting right-wingers in charge, because it goes badly every single farking time. Even more reliably than putting 'Communists' in charge.

I'm beginning to suspect massive election fraud is occurring and it just so happens to favor the pro-war parties.

More the party supported by the small number of people who own 95% of everything and want to keep it.


Yeah, and, that is accomplished with war.
 
2022-09-28 12:17:42 AM  
It's strange to be living through history.

We've had a lot of history recently.

I'd like it to stop now.

Cheers Carter, for destroying my country.

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2022-09-28 12:20:57 AM  
Farking Milquetoast Thatcher hasn't even been in the job a month and the country's already in the shiatter.
 
2022-09-28 12:25:28 AM  
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/....aaaaaaaannnnnny day now?
 
2022-09-28 12:26:01 AM  

LucklessWonder: Farking Milquetoast Thatcher hasn't even been in the job a month and the country's already in the shiatter.


Well, to be fair, the country was in the shiatter because of the former mutant tweety bird.  The iron weathercock just isn't making it better.
 
2022-09-28 12:28:53 AM  

OrionXVI: LucklessWonder: Farking Milquetoast Thatcher hasn't even been in the job a month and the country's already in the shiatter.

Well, to be fair, the country was in the shiatter because of the former mutant tweety bird.  The iron weathercock just isn't making it better.



Sparking off what might well rupture into a global financial crisis is making it considerably worse...
 
2022-09-28 12:32:55 AM  

LordJiro: You'd think, at some point, humanity would learn to stop putting right-wingers in charge, because it goes badly every single farking time. Even more reliably than putting 'Communists' in charge.


Racism and ignorance make idiots feel good
 
2022-09-28 12:38:31 AM  

DarkDawg: I have not been paying attention to the uk. There economy in the shiatter?


It's been progressively tanking since BoJo the clown shot our collective dicks off by not bothering to get a trade agreement in place before telling the EU to fark off.

Truss just managed to accelerate the issue by saying she was going to give tax breaks to millionaires and corporations while we're in the middle of an inflationary rise.
 
2022-09-28 12:39:38 AM  

LucklessWonder: Farking Milquetoast Thatcher hasn't even been in the job a month and the country's already in the shiatter.


Sounds like she's living up to her idol's legacy.
 
2022-09-28 12:42:58 AM  
you know what, this crap- gestures vaguely... out there- is remarkably freeing.  all I can do is what I'm doing, and I'll probably be all right but if I'm not then lots of people won't be.  I'm fortunate to have the luxury to think this way and I'll continue to donate, and vote for humanity, and shout at [the equivalent of] anti mask wankers.  and I'll go down swinging if that's what it comes to.

I'm either zen or dead inside.
but I'm relaxed about it
 
2022-09-28 12:56:15 AM  
But it's a global problem everywhere, and small businesses don't matter anyway, and stiff upper lip, and marmalade and clotted cream!
 
2022-09-28 12:57:29 AM  
All Trussed up in straps and garters.
The UK has a genuine American republican for prime minister.
Enjoy the trickle down stupidity mates!
 
2022-09-28 12:58:49 AM  
Krugman talks about it in today's column. I found this part funny:

So why the sudden run on the pound? One answer I liked came from the City of London economist Dario Perkins, who declared that the problem with the budget wasn't that it was inflationary but that it was "moronic," and that an economy run by morons has to pay a risk premium.

Also TIL that mortgages in the UK are not the 30-year fixed-rate things we Yanks are accustomed to. Variable rate, or short-term loans are the norm apparently. Which would make the housing market (and consumer demand) much more sensitive to rate changes.

Lady J: I'm either zen or dead inside.


I'm a long-time lurker and only recently got the ability to Farkie people. You get green because you've always been one I enjoy reading. Hang in there on your side, we'll hang in on our side. Moral arc of the universe yadda yadda...

I anxiously await a very well-written whatabout from the f*cking Jedi Master of whataboutism.
 
2022-09-28 1:09:52 AM  

Chajeungna: I'm a long-time lurker and only recently got the ability to Farkie people. You get green because you've always been one I enjoy reading. Hang in there on your side, we'll hang in on our side. Moral arc of the universe yadda yadda...


aww

Fark user imageView Full Size


'Moral arc of the universe' ... not heard that before..  thanks!

I recognise it and I'm on it, but my benevolence is quite macro scale.  if that makes any sense at all.
I have to reconcile eeeverything in my fevered little imagination, and it's only happening with increasing 'big picture-ing' and disengaged fatalism.

well that went darker and more analytical than i intended.  but I (selfishly) am actually fine.

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glad you stepped on to the stage!  : )
 
2022-09-28 1:16:44 AM  
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2022-09-28 1:20:07 AM  

Lady J: you know what, this crap- gestures vaguely... out there- is remarkably freeing.  all I can do is what I'm doing, and I'll probably be all right but if I'm not then lots of people won't be.  I'm fortunate to have the luxury to think this way and I'll continue to donate, and vote for humanity, and shout at [the equivalent of] anti mask wankers.  and I'll go down swinging if that's what it comes to.

I'm either zen or dead inside.
but I'm relaxed about it


Death could easily be described as the absence of all things.

That would be quite balanced and zen like
 
2022-09-28 1:31:07 AM  

DarkDawg: I have not been paying attention to the uk. There economy in the shiatter?


No. It's already way round the U-bend & twirling, twirling, twirling towards the sewers.
 
2022-09-28 1:33:00 AM  
Jerry Garcia Band - "Ain't No Bread in the Breadbox"
Youtube k3j8XnlaKmw
 
2022-09-28 1:36:01 AM  
The queen is still dead and king farkwad is a douche so time to start putting the royal properties and possessions on the block.

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2022-09-28 1:51:29 AM  

Lady J: 'Moral arc of the universe' ... not heard that before..  thanks!


The most famous modern version is from MLK, Jr. (referenced at least once in an Obama speech) and I had it backwards and really it should not be "yadda yadda'd" like I did.

"We shall overcome because the arc of the moral universe is long but it bends toward justice."

The original sentiment is from Theodore Parker around 1853. (I did not know this before looking it up just now)
 
2022-09-28 2:00:02 AM  
The US can get away with shenanigans by having other countries prop up their dollars. The Japanese can stop the bleeding by buying up their own debt, and keeping their monetary and fiscal policies so clamped down that they can suck in funds to buy their bonds at about 1% interest. For decades. They used to run trade surpluses too. As a rule.

What does the UK do? Well. Nothing really. It really might as well be Greece or Portugal. If the reaction to every setback is to just increase the budget and import more goods and services, then something is going to have to correct. And the UK economy is not as big or influential as it used to be. The UK has been resting on its laurels and playing around with Brexit. Time's up, apparently. You have to make stuff that other people need and get back to work.
 
2022-09-28 2:00:58 AM  
c.tenor.comView Full Size
 
2022-09-28 2:05:17 AM  

Chajeungna: Lady J: 'Moral arc of the universe' ... not heard that before..  thanks!

The most famous modern version is from MLK, Jr. (referenced at least once in an Obama speech) and I had it backwards and really it should not be "yadda yadda'd" like I did.

"We shall overcome because the arc of the moral universe is long but it bends toward justice."

The original sentiment is from Theodore Parker around 1853. (I did not know this before looking it up just now)


so MLK is referring to an 'independent' arc, to which we need to remain faithful.  Is Parker the same?
I interpreted it differently
 
2022-09-28 2:39:36 AM  

Lady J: so MLK is referring to an 'independent' arc, to which we need to remain faithful.  Is Parker the same?
I interpreted it differently


IANAPhilosopher and I'm not religious at all, but I internalize the saying as having faith in a people-powered long arc that bends towards justice. Sometimes it takes non-trivial excursions away from justice, of course. My own general faith - on shaky ground lately I admit - that most people are mostly good lets me keep a non-religious faith that in the long term (beyond my lifetime perhaps) the arc will bend towards justice. But since it's people-powered, not some supernatural force nudging things, we have to continually fight against the excursions. Taking a timeout to scream F*********K into the void is understandable, if not required for sanity.
 
2022-09-28 2:48:49 AM  
Everybody is telling them they are wrong and they are going to continue to insist they are right.
 
2022-09-28 2:56:03 AM  

Chajeungna: Lady J: so MLK is referring to an 'independent' arc, to which we need to remain faithful.  Is Parker the same?
I interpreted it differently

IANAPhilosopher and I'm not religious at all, but I internalize the saying as having faith in a people-powered long arc that bends towards justice. Sometimes it takes non-trivial excursions away from justice, of course. My own general faith - on shaky ground lately I admit - that most people are mostly good lets me keep a non-religious faith that in the long term (beyond my lifetime perhaps) the arc will bend towards justice. But since it's people-powered, not some supernatural force nudging things, we have to continually fight against the excursions. Taking a timeout to scream F*********K into the void is understandable, if not required for sanity.


yeah ok, agreed.

i also thought, and indulge me here...
there are various arguments for why preserve vulnerable wildlife... why spend loads of money on tigers, they don't actually do anything.  there's obviously, cos ecosystems are delicate balances that rely on every piece being in place, and so on.  but there's also an argument that we should because life itself has intrinsic value... there's a cost to losing it and value to preserving it that isn't currently reflected in our cost/benefit analysis.  and I fully subscribe to that theory.

I kinda half interpreted the moral arc along those lines.  there is an intrinsic value to doing the right thing.  or importance.  that means it doesn't need to be going anywhere or pay off.

anyway.  this much I know:
 
2022-09-28 3:01:05 AM  

calufrax: [c.tenor.com image 640x480]


right click
and download
and I thank you
 
2022-09-28 4:16:20 AM  
The UK Chancellor Kwasi Kwarteng really, really believes in trickle down economics.
Fark user imageView Full Size
 
2022-09-28 4:28:56 AM  
The IMF is speaking about Britain as if it were El Salvador or Turkey - two other countries whose leaders reject sound policy in favor of rainbows and unicorns.
 
2022-09-28 4:42:34 AM  

Conservative Evangelical Millennial Cyclist: [Fark user image 425x318]


is the drooling imbecile here defending his Economic Death Cult?
 
2022-09-28 5:01:20 AM  

mofa: The UK Chancellor Kwasi Kwarteng really, really believes in trickle down economics.
[Fark user image 425x534]


Is that shop'd or the real cover they are going with?

images-wixmp-ed30a86b8c4ca887773594c2.wixmp.comView Full Size
 
2022-09-28 5:22:21 AM  

Lady J: you know what, this crap- gestures vaguely... out there- is remarkably freeing.  all I can do is what I'm doing, and I'll probably be all right but if I'm not then lots of people won't be.  I'm fortunate to have the luxury to think this way and I'll continue to donate, and vote for humanity, and shout at [the equivalent of] anti mask wankers.  and I'll go down swinging if that's what it comes to.

I'm either zen or dead inside.
but I'm relaxed about it


When there's farkall you can do about it, time to do what you can and ride it out.  Running in circles and screaming and shouting aren't going to help
 
2022-09-28 5:25:30 AM  

LucklessWonder: Farking Milquetoast Thatcher hasn't even been in the job a month and the country's already in the shiatter.


I mean it was already in the shiatter, what truss did was rather than unblock it, took a steaming dump on top on the mess and then shoved it further round the U-Bend.

/Tory = Twats
 
2022-09-28 5:40:34 AM  

ModernLuddite: So how's that non-binding referendum working out for you's guys?


Honestly? It's a bit shiat.
 
2022-09-28 7:03:03 AM  

LucklessWonder: Farking Milquetoast Thatcher hasn't even been in the job a month and the country's already in the shiatter.


"Margarine Thatcher" is my favourite so far.
 
2022-09-28 7:04:24 AM  

Paddy: mofa: The UK Chancellor Kwasi Kwarteng really, really believes in trickle down economics.
[Fark user image 425x534]

Is that shop'd or the real cover they are going with?

[images-wixmp-ed30a86b8c4ca887773594c2.wixmp.com image 850x844]


It's their cover for this week's edition:
https://twitter.com/theneweuropean/status/1574439655574949895?s=21&t=fllOs1y1HmtTUfhZmJm_mw
 
2022-09-28 8:09:40 AM  
Is this all because Elizabeth died and now they have to reprint the money with Chuck's face on it?
 
2022-09-28 8:15:08 AM  
This is why people said no deal was the cliffs edge.  How's the view heading towards the rocks?
 
2022-09-28 8:32:02 AM  
preview.redd.itView Full Size
 
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