Friday, Feb 15, 2008
Bernake Says US Economy Worse Than He First Thought.
The Times: Business News
And which economist was it who said that the Credit Crunch was only at the stage of the National Anthems having just been played?
Posted by orwell @ 06:32 PM (160 views) Add Comment
1 Comment
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1. it_is_going_with_a_bang said...
"and shows that it has had a revolution in its thinking."
Revolution? or just forced into a corner due to years of mismanagement.
Dropping interest rates like a stone because you are powerless in any other form is hardly what I would call a revolution.
Entirely predictable - especially in an election year.