Nothing written here should be taken as investment advice and readers should note that the author will have substantial long or short positions in all securities mentioned.
Wednesday 13 July 2011
not something to look at before you try to go to bed tonight
the total liabilities are £2.4trn. The 'assets' really aren't assets in the sense that they can't be sold without having to then purchase the use of them annually. 200% real debt to GDP is a harrowing thought.
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