Unearthing the ratings agencies
I used this video piece by Newsnight’s Paul Mason in my A2 macro class today. It was a useful follow up to a presentation last night by Jon Moulton who was decidedly pessimistic about the risks facing the UK economy from the mountainous corporate, household and public sector debt. Paul Mason meets a couple of the people working for the ratings agencies who may decide sometime this year to downgrade the UKs triple A rating on sovereign debt. But the head of securities risk at HSBC claims that the markets have mis-priced the risk of the UK government defaulting on its new debt. The UK has never missed a coupon payment and there is a strong underlying demand for new bond issues. We covered the bond market in a recent Google wave.
More From the Digital Store
Key topic editable worksheets for the Year 1 teaching content of AQA A Level Economics.
Ideal for new or inexperienced Economics teachers, this pack contains a full copy of all the teaching & learning resources provided to delegates on our New to Teaching AQA A Level...
Comprehensive and up-to-date coverage of the core topics for the new Year 1 (AS) teaching content for this A Level Economics specification.
Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.