Saturday, Sep 22, 2007
Is there any silver lining to this whole fiasco?
Times: Are you between the Rock and a hard place?
Why do journalist insist there must be a silver lining?
Posted by confused76 @ 07:30 PM (264 views) Add Comment
2 Comments
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1. Scott said...
Pathetic. As if they know anything about economics.
2. Cheekie Charlie said...
"Will this crisis affect my chances of getting a good mortgage?"
In my day a good mortgage was a small mortgage not a 200K supersize mortgage! Years of media brainwash has softened peoples attitudes to debt and judgement of risk.
"Some economists now predict that the Bank of England will follow with a rate cut of its own next month."
Despite the fed lowering IR and alastair darling possibly lowering ours and rigging CPI, I cannot think of a situation where inflation will be controlled and IR cannot return "historical lows" for any sustained period. They must surely have to return to there "historic average" or above to control the present spike. If they do let inflation run, if they don't keep public sector pay inline they will face strike action like in the 70's which will grind the econony to a halt.