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Stock Market Yo-Yo Watch

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yma o hyd3/02/2009 10:32:39 am PST

re: #384 Kenneth

The UK won’t have the same problem as the Euro-zone countries will, but they will face a currency crisis. Still the UK does have more direct control over its economy than any one Eurozone country, so they might cope better. But sooner or later, the EU will pay for their mistakes. The question is whether it’s better to do so now while their banks are still solvent, or to wait and pay a much stiffer price later. It seems they’ve chosen the latter.

I’m glad you said the UK might cope better!
With the current leadership, that is Gord/NuLab, who have aggravated this crisis beyond belief I have my doubts. Yes, we’ve retained more control, but Gord and his chancellor are not controlling, they are riding us deeper into the sh*t every day.

Our only hope is an early election, this year. But then, Gord sees himself as saviour of the world, and won’t think of going before the next economic summit at the end of April, at the earliest.
Who knows how deep we’ll be in it by then!