i must disagree with yo there, "not due to what may or may not happen"? future fear of payments is very important,would you be worried,if you loaned money to someone,that's income was likely to be reduced?.........yes nite
The debt problem hasn't worsened it's not suddenly increased due to the brexit vote. It has the potential to cause us problems if we are denied access to the single market without accepting the free movement of labour, which would undoubtedly cause civil unrest if the free movement of labour and by extension people was agreed during negotiations.
So I can see ho it might cause a problem further down the line not allowing for stronger trade deals with non EU countries off course. But a credit rating is usualy downgrade or stripped based on a person, business or countries ability to pay due to their prior history. Not due to what may or may not happen.
They are oversensitive because they need to avoid becoming a laughing stock again, like they did in the 2008 financial crises. If they can't rate companies and countries properly, then their very reputation is at stake. So now they shoot first and ask questions later.
Live S&P 500 VIX and most major indice futures in the world. Albeit the S&P 500 Vix is not unchanged at the time of typing. But I find it to be a better barometer for market movements. Watch how it moves and how the FTSE opens, see for yourself.
sorry,yes,your right,didnt read back and yep,britain has never defaulted on any sovereign debt. but the debt problem has just slightly worsened,which the ratings agencies are highlighted,but we're still double AA. NITE
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