Is it a defining moment?

[JohnD]

we have a triple AAA credit rating because we normally have stable strong majority governments.

you mean like Germany has, because it's had 60 years of PR and coalition governments?

something wrong with your thinking

also

The last time we had a minority government, shares dropped 40% in 6 months. the markets and the pound have already started to take a hammering.

but the last time we had a majority government, the same thing happened, more than once. Does that make you decide that FPTP caused it?
http://www.moneyextra.com/stocks/LS...period=all&IndexPeriod=&FundList=&indices=yes

 

[Lincsbodger]

we have a triple AAA credit rating because we normally have stable strong majority governments.

you mean like Germany has, because it's had 60 years of PR and coalition governments?

something wrong with your thinking

also

The last time we had a minority government, shares dropped 40% in 6 months. the markets and the pound have already started to take a hammering.

but the last time we had a majority government, the same thing happened, more than once. Does that make you decide that FPTP caused it?
http://www.moneyextra.com/stocks/LS...ll&IndexPeriod=&FundList=&indices=yes[/QUOTE]

No, you cannot compare the situation in any other country. The credit rating of a country is based on the confidence the credit organisations have in the running of a country, historically. THIS country has majority governments, weve had then for 37 years. Its matters not one jot whats going on in germany or italy or bloody Moldavia, that doesn't affect OUR credit rating. When THIS country deviates from the norm, the investors and the markets get jittery. The current uncertainty has already made the markets and the pound take a bashing, and it'tl get worse the longer were hanging in the air. Your link proves exactly my point.

 

[JohnD]

Your link proves exactly my point.

my link shows it went down from July 2007 to March 2009. In what way do you imagine that proves your point?

This link
http://www.moneyextra.com/stocks/LS..._month&IndexPeriod=3XUK&FundList=&indices=yes
shows that in the last month, it has gone down in step with the rest of Europe (but not quite as badly)

Let's hear you make up a story that this is caused by the UK election

 

[Lincsbodger]

The pound crashed at the weekend

http://www.thisislondon.co.uk/stand...in-worst-of-all-possible-outcomes-for-city.do

http://www.businessweek.com/news/20...ter-conservatives-fall-short-of-majority.html

http://www.dailymail.co.uk/news/ele...2010-Political-waiting-game-threat-pound.html

Coincidence? I think not...........

"Currencies Direct dealer Phil McHugh warned: “If something clear and decisive does not get through very quickly the ramifications are likely to be a further sell-off of the pound and a potential downgrade for the UK's credit rating.”"

"Standard & Poor's and Moody's Investors Service warned that if a credible plan to slash Britain's record budget deficit of £163 billion does not emerge from the political wreckage, a downgrade — which would lead to higher interest rates on our national debt — is bound to follow."

And he probably knows more about the subject than you...........

 

[JohnD]

you can't be sure...

anyone who tells you the pound has fallen against the dollar, and doesn't mention what the Euro and the other minor european currencies have done, is giving you a biased and incomplete picture. The right-wing press is especially unreliable.

You will be aware that the rest of Europe is not impacted by a few days of fumbling by UK politicians who failed to win an election. So if all is Europe is down that won't be the reason.

The PIIGS are much more of a cause.