Thursday, Jan 18, 2007
Merv. to Crash.
The Daily Reckoning: A letter from Mervyn King
Mock 'open letter' from Merv. to crash...
."Look, I know you hate being compared with Lawson or Clarke. But last time inflation was this bad, base rates in Britain were 10.38%. Now they're barely half that price! Yes, back in Dec. 1991 we were defending the Pound, just before that Hungarian character got us thrown out of the Eurozone system. Today sterling's at near-record highs. But this won't stop the proverbial hitting the fan this year.
And Mr Ash seems to be a fellow Holte Ender too!
Posted by ticktock @ 02:42 PM (154 views) Add Comment
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