Comments on: The next financial crisis has a name and it’s the United Kingdom

By: James Jubak: Countries That Have Their Financial Acts Together | Loans in

James Jubak: Countries That Have Their Financial Acts Together | Loans in — Fri, 22 Jan 2010 17:20:56 +0000

[...] more on the chances that the United Kingdom will get a credit-rating downgrade here. For a look at Japan’s financial problems, see my post “Is Japan Betting it’s [...]

By: samba

samba — Sat, 09 Jan 2010 04:42:44 +0000

Hi Jim, thanks for the article

I live in London and have diversified out of the pound with gold, euros and czech koruna, however i still have over half my cash in GBP

Could you recommend any safe havens?

I thought perhaps Hong Kong Dollars?

By: andante

andante — Fri, 08 Jan 2010 20:23:46 +0000

Is this the “Black Swan” that investors have feared?

By: DJBarber

DJBarber — Fri, 08 Jan 2010 18:52:39 +0000

And from today:
“Argentine battle over cenbank reserves deepens
BUENOS AIRES (Reuters) – An Argentine judge blocked the president’s plan to use Central Bank reserves to pay the public debt on Friday, deepening a row that has rattled financial markets and stoked political tension.”

http://www.reuters.com/article/idUSTRE60746R20100108

By: DJBarber

DJBarber — Fri, 08 Jan 2010 18:41:03 +0000

So with all that being said, if the worst case scenario plays out and developed economies start to default, or look like they maybe, maaaaybe in danger of doing do, what do we do?

It seems like that’s a process that could take many years to play out, but in the mean time where are we?
When Dubai world started talking about “freezing” debt to work out a repayment schedule the markets around the world dropped like a rock, including gold.
I don’t remember anything being sparred, including the developing world stocks (Like brazil)
I would think in the long term it would cause a continued devaluation of the Pound the Dollar and many other currencies.
But would it ultimately spark an even bigger boom in the BRIS and other economies that don’t have such a great dept ratio?
Is the rush to invest in BRIC economies just the start of the long term investing story of the next decade?
Is gold destined to keep moving up?
Pimco said that they were investigating building out an equities fund, where is that money going? Certainly not the US, or UK, or Ireland, Switzerland, Belgium, Denmark etc…