Friday, Jul 20, 2007
Landlords victims of their own success
BBC: The UK economy grew at a faster than expected rate
"The Bank's rate policy remained "in a pickle" said David Brown of Bear Stearns, agreeing that further rate hikes were likely. "UK growth is very strong, inflation is too high and monetary expansion is running far too fast. There is no end in sight to the current rate tightening cycle"
Posted by confused76 @ 12:11 PM (210 views) Add Comment
4 Comments
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1. Andy said...
Wheres TLA gone? I thought he might last another week?
2. little professor said...
Why is anyone asking Bear Stearns for advice anymore?
3. sovietuk said...
Double digit SVRs are on their way. Tough sh*t.
4. the bald man said...
The majority of growth is related to consumer spending. That says it all. We no longer manufacture we borrow to buy imported goods by mewing against our illusory property profits.