Tuesday, Nov 13, 2007
Outlook more gloomy than post-9/11
Times Online: IoD warning over slump in confidence
THE credit crisis has led to a sharper fall in business confidence than in the wake of the September 11, 2001 attacks on America, according to the Institute of Directors.
Posted by peter @ 08:03 AM (404 views) Add Comment
4 Comments
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1. inflation is eating my savings said...
Perhaps the power-that-be will decide it is time for another attack- just to stimulate the economy
2. paul said...
The Iod have always been a rather clueless bunch, as reflected in this press release which can be summarized as "whaaa ... ?"
The fact that David Smith is writing it says it all too:
"Analysts expect inflation to edge up from 1.8% to 1.9% but some fear it could rise above the Bank’s 2% target"
Yeah thanks David for your rather stupidly optimistic projection of a 0.1% increase in inflation. You were wrong (again).
3. Orwell said...
Now don't forget Paul, David Smith is the lerned one - not us!
Oh and Paul, why do you have scepticism for Property Snake? Is it kosher or not?
4. paul said...
I'm not especially sceptical about property snake - it's a good general guide, but it is only as reliable as the website data that it polls.