Thursday, August 6, 2009

Forget the Great In Britain

http://www.newsweek.com/id/209953

-bills come due on Britain's role in last year's financial meltdown

-the sun that once never set on the British Empire

-History has been closing in on Britain for some time.
--> The good time is coming to an end

-Britain's geopolitical default setting would no longer be to automatically follow America's lead.
-->the basic principle (no-brainer strategy)

-at its apogee
-->at its climax (from which it will decline)

-feels like an anchor.
-->feels like an anchor around its neck (something that is causing the problem)

The global recession has hit virtually every country, but Britain more than most. The great engine room of British prosperity, the financial sector, now feels like an anchor. Britain has slipped into deflation—a decline in general price levels—for the first time in 50 years.

No comments: