Richard Murphy says:
September 17 2017 at 8:56 pm
First it is apparent that many of these people came from the site of Tim Worstall, an Adam Smith Institute Fellow, inclined to persistent abuse and encouraging those of like mind.
Second, I am pointing out the market works within narrow horizons. You too are ignoring the fact that this does not mean it always works. Of course we can value bonds if we assume all will continue as it is. I am saying that right now that may not be true and in that case maybe we cannot value them. What is so odd about that? This is what happens in meltdowns.
And re your comment on Greek debt, you are ignoring that Greek debt has a wholly different situation to UIK debt. Maybe you think it’s situation and that of the UK is the same and so circumstances apply equally. Clearly that is not true. Maybe you need to think about why the differences are possible and what that means instead of making what look to be rather ridiculous comments.
He’s still just not getting it, is he?