Originally Posted by Beingist
Indeed, I really wish we in the U.S. could do things more like the U.K. Not that things are perfect, there, but there is something to be said about the "splendid isolation" of the Great Island across the pond. I cheered after the vote came in to not
submit to the Euro, and even though the austerity measures no doubt have their effect, I don't think it's as bad as it will be in the U.S., once that goes into effect here.
(Oh, and good move on shorting gold and the Euro
Thanks, the gold short worked out well, the EURO one is being a bit odd...
I don't think our approach over here is better than anyone else's, I see it more as a matter of timing, because there are elections etc coming up over there they are holding off making any unpopular decisions while there are votes to be canvassed for. Kind of like our lot going straight in 'too deep, too fast' as soon as they could so that the results would be evident come next election..
Even Merkel and Sarkozy are making decisions bgased on getting themselves re-elected rather than what actually needs to be done.