Friday, Dec 21, 2007
The Times mentions the R word
Times: Despite signs of foreboding, recession is not a certainty
"Past episodes of recession could be traced to a combination of a few, key triggers: tighter economic policy through elevated interest rates, higher taxes or lower government spending; blows to Britain from economic problems abroad; collapses in consumer and business confidence; and a severe worsening in the financial position of either companies or households, or both." hmmmm... sounds like today. "Confidence has faltered in the present housing market, but housebuilders believe that the market is set for a slowdown, similar to the winter of 2004-05, rather than an outright crash. Prices have levelled off and sales volumes have fallen by up to 20 per cent since October." Yeah yeah yeah
Posted by confused76 @ 02:04 PM (244 views) Add Comment
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