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[Narcissistic views on News/Politics] "UK economy lies 'on bed of nitroglycerine' - Narcissistic views ...: The government's hopes of claiming credit for reviving the British economy suffered a severe blow today when the world's biggest buyers of bonds warned that the UK was a "must to avoid" for his investors as its debt was "resting on a bed of nitroglycerine".

[Ecademy: user blogs] AA-rated Richard Woolnough challenges Pimco gilt bear Bill Gross ...: I agree with the direction of the consensus, absorbing that much new supply will be negative for gilts in the short term. However in the longer term the UK has the chance to adjust to the crisis through fiscal stimulus, financial reform and a falling exchange rate that might well provide the medicine required.

[Centurean2's Weblog] Britain can relax on its bed of nitroglycerine”¦ « Centurean2's Weblog: News that Britain is finally out of recession was greeted with hollow laughter by the media, the City and the public ”” and with good reason. But before immersing ourselves entirely in gloom, let me mention another recent news item that should, paradoxically, be treated as rather consoling.

[Clusterstock] Bill Gross: The U.K. Rests On A Pile of 'Nitroglycerine': Its gilts are resting on a bed of nitroglycerine.' High debt with the potential to devalue its currency present high risks for bond investors. 'In addition, its interest rates are already artificially influenced by accounting .

[Spiked] UK plc: a 0.1% chance of success at this rate | spiked: In plainer English that means the government and the Bank of England have made credit as cheap as possible and pumped all the billions they can into the economy, as well as cutting value-added tax (VAT) on purchases, while the pound’s slump against the Euro and the dollar has made British goods nominally cheaper on foreign markets. Yet the result has been growth of next-to-nothing after 18 months of slump.

[Nick Robinson's Newslog] BBC - Nick Robinson's Newslog: Tory economic plans: Cutting spending?: To be fair to the Tories, their point that it is vital to restore confidence in the Blighty economy by making a start on sorting out the UK's public finances would appear to be one which has the support of the International Monetary Fund, which has been stressing that the governments of states whose public finances are increasingly preoccupying, not to say alarming, distressing or even bizarre, should be getting on with devising and communicating credible exit strategies, as increasing anxiety about budget deficits could destabilize financial markets and endanger the recovery (such as it may be in the case of the UK) by causing the cost of borrowing to rise for households and businesses.

[Daily Markets] US, UK, Japan On The Fiery Hot Seat, Here's Where To Invest ...: “Each of several distinct developed economy bond markets presents interesting aspects that bear watching: 1) Japan with its aging demographics and need for external financing, 2) the U.S. with its large deficits and exploding entitlements, 3) Euroland with its disparate members - Germany the extreme saver and productive producer, Spain and Greece with their excessive reliance on debt and 4) the U.K., with the highest debt levels and a finance-oriented economy - exposed like London to the cold dark winter nights of deleveraging.

[Whatanews4u.Sports] BBC - Stephanomics: Economic growth: The IMF's take: But good news with a twist, because the Fund says we're only getting a rebound thanks to an "extraordinary amount of stimulus... there are still few indications that autonomous (not-policy-induced) private demand is taking hold, at least in advanced economies".

[Socio-Economics History Blog] Bill Gross: Avoid UK Debts ”¦ It is “Resting On A Bed Of ...: But the remarks by Gross, whose pronouncements on bond markets are regarded as highly influential, added to the sense that the economy remained in a dangerously parlous state. “The UK is a must to avoid.

[Bond Vigilantes] Exploding Myths - Bond Vigilantes: The UK government has responded in aggressive Keynesian fashion to the downturn, if this medicine works then the action will be short term in its nature and will not leave the UK with a permanent debt burden, or the increase in debt could alternately be curtailed by the arrival of a more fiscally stringent government in this year’s election. The UK has very little foreign debt and has been prudent by having the longest maturity debt profile in the G7.

[Spectator Live] The economy has gone precisely nowhere in 5 years, but at ...: "One picture is worth a thousand words" so no good Dave or Boy George waffling away and voters not taking a blind bit of notice but think what a powerful poster a graph of UK Government Debt would make from 1997 to present, or better still with HM Treasury projections to 2013/14 and £1.4 trillion.

[BBC Blog Network] BBC - Blether with Brian: Recession woes not over yet: Considering the Governments reckless policy of printing money and the obvious fact that there has to be a margin for error in all stats this is utter bunkum. I suppose we must get used to the Great Broon and his lying sycophants pushing more of this crap down our throats until we boot them out.Roll on the 6th of May and hopefully the clowns that will usually vote a wheelie bin in if it is wearing a labour rosette will realise that this lot have bankrupted us and at the very least will not vote.

[Survival4Chicks] Survival4Chicks » Blog Archive » The UK economy sits 'on a bed of ...: Bill Gross, who runs Pacific Investment Management Co mutual fund, said the British economy was lying on ‘a bed of nitroglycerine’.

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