Saturday, Nov 17, 2007
Amazing how fast David Smith's tune has changed
Times: UK heads for worst growth in 15 years
“This is a very difficult time to interpret the economic tea leaves,” said Graeme Leach, chief economist at the Institute of Directors. “The evidence to date suggests we shouldn’t be too pessimistic, but my instinct suggests we’re entering the most difficult period for 15 years.” Overreliance on debt and house price inflation to sustain the growth... does this ring any bell? Or are these oracles just begging for IR cuts?
Posted by confused76 @ 10:25 PM (381 views) Add Comment
1 Comment
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1. paul said...
"Let Hercules himself do what he may, The cat will mew and dog will have his day." (Hamlet, Act V, Verse 1, Line 298)
It must grate for him to know that he banished me from his websites and deleted my posts because he wouldn't believe the warning signs a year ago.
How does it feel to be so wrong about something? I can't imagine!