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Brexit: the most alarming thing I've heard today. - News from Nowhere [entries|archive|friends|userinfo]

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Brexit: the most alarming thing I've heard today. [Jun. 27th, 2016|06:07 pm]
Lord Mervyn King, former governor of the Bank of England, says "Don't panic."

[User Picture]From: durham_rambler
2016-06-27 08:50 pm (UTC)
So the down rating of the U.K.'s credit rating is nothing to worry about then?
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[User Picture]From: shewhomust
2016-06-28 04:14 pm (UTC)
Given the accuracy of the Agencies' ratings before the banking crash, I'm not inclined to take their opinion too seriously (except to the extent that it tends to be self-fulfilling.

And as Kipling said: If you can keep your head when all about you / Are losing theirs... you obviously haven't grasped the gravity of the situation!
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