Friday, Sep 14, 2007
A healthy slowdown instead! House about that? David...
Guardian: Credit turmoil a threat to UK economy, say forecasters
"A credit crunch is going to hit industries like private equity and hedge funds very hard indeed. This is important because it has been where all the growth is coming from and it has been difficult for the Bank to control this industry using short-term interest rates when many of these firms borrow in the long term. A slowdown in this sector will be welcome. You can't run an economy with house prices rising by 10-12% when you have an inflation target of 2%. But the problem is the market usually over-reacts and it can be difficult to stop the turbulence."
Posted by confused76 @ 09:12 AM (236 views) Add Comment
3 Comments
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1. Alan said...
Please just ignore David. It's ruining the value of this site.
2. confused76 said...
I actually find him entertaining like Saddam's spokesman, Comical Ali
3. Papabear said...
I agree witha Alan - too many people seem more interested in arguing with one person (David) than posting serious contributions to this forum. Personally I find David's post rather boring (they tend to be one-liners anyway) and predictable. Let him wallow in his conviction that house prices will forever go up...