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And it's not swine flu.
Portugal, Ireland, Greece, and Spain.
Greece is on the verge of collapse with it's monetary rating down to 'junk'.
Spain was downgraded today (just a little).
The domino's are wobbling.
If that lot go - the whole of Europe will follow.
First Italy - and then the UK.
Our debt problem as a proportion of GDP is actually worse than that of Greece that is teetering.
It won't be long until the UK has its rating downgraded too.
Then Interest rates rise and inflation goes crazy.
The current recession is just a dress rehearsal for the big one - just a year of two away (if we are lucky).
Portugal, Ireland, Greece, and Spain.
Greece is on the verge of collapse with it's monetary rating down to 'junk'.
Spain was downgraded today (just a little).
The domino's are wobbling.
If that lot go - the whole of Europe will follow.
First Italy - and then the UK.
Our debt problem as a proportion of GDP is actually worse than that of Greece that is teetering.
It won't be long until the UK has its rating downgraded too.
Then Interest rates rise and inflation goes crazy.
The current recession is just a dress rehearsal for the big one - just a year of two away (if we are lucky).