Wednesday, Mar 19, 2008
UK Gold reserves sold off, inflation rising at +++2.5%, economic slowdown well underway
Press Assoc, Yahoo News: Brown vows to fight off recession
Gordon Brown ''...High levels of home ownership, low national debt, and relatively low inflation would all help to cushion the blow of the latest period of uncertainty...''
Posted by hpwatcher @ 09:15 AM (444 views) Add Comment
6 Comments
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1. paul said...
"High levels of home ownership". Yes, but under his stewardship, home ownership fell for the first time on record.
I wonder what he's going to fight recession with - bluster and smokescreen probably.
2. Ao said...
The R - word is already here looking at these apartment sales:
Bought for 192k in 2003 and after 4 years of HPI struggling to make 127k
http://www.countrywidepropertyauctions.co.uk/property-details.php?pcode=CHL080154&dbtype=sales&rps=cherpa&pamend=1205338763
Bought for 180k in 2006 and cannot get 125k
http://www.countrywidepropertyauctions.co.uk/property-details.php?pcode=CHL080241&dbtype=&rps=cherpa&pamend=1205760047
3. harold said...
"High levels of home ownership".
I title only. The banks actually 'own' more now than in the past - remember debt levels have increased.
4. inbreda said...
Great - so now we are fighting terrorism, bad breath, turbulence and volatility in the markets, and recession as well.
I haven't even had a karate lesson - what exactly does this fat oaf expect the great british public to fight it with? Is he just trying to encourage people to leave their money in the banks, even if it goes belly up, out of some sort of patriotism or to save his flabby rear?
Hopeful aint the word.
5. paul said...
"Great - so now we are fighting terrorism, bad breath, turbulence and volatility in the markets, and recession as well."
Haha. That made me laugh - thanks for that inbreda.
6. cornishman said...
Gordon Brown and "flabby rear"
yuck, what a horrible picture.