How Much Longer for the "Royals"?

"It's a very good time to be rich. The global trading system is benefiting those who manage huge capital flows. But unstable systems have a way of collapsing­. And you can hear the creaking, even above the media circus of the royal wedding."



I was talking with a friend recently who was saying he believed that the next major hit to the Global Economy is going to originate in England. He had an interestin­g and plausible reason for his outlook. This Royal Wedding is going to cost England a pretty penny, but not as much as the upcoming 2012 Olympics. With the world economy pretending it isn't in a depression the British, as any host of the Olympics before them, are going to spend lots of money on infrastruc­ture in preparatio­n of the games. An upside to that is a short term employment boost for England at a time it really needs it, but again, that is short term employment­. Once the games are on those constructi­on jobs end to be replaced by service industry jobs in support of the games. That will be the first hit to the English economy, The second hit will occur when the games end and the service workers are laid off. Then, the really harsh reality hits, because, besides the Beijing Olympics, the games haven't been very well attended over the last few cycles, causing host countries to walk away from the games with a loss. A loss England will confront in 2013.
Read the Article at HuffingtonPost