Tuesday, Apr 29, 2008
Pain to last three or four years,
the guardian: HBOS expects three years of pain
The rights issue and fresh credit crunch writedowns had been widely expected in the City, along with a gloomy forecast from the group for the UK economy and house prices.
Hornby made it clear that he expected the current market downturn to last "not just for 08 and 09" but for three or four years
Posted by sold out @ 10:02 PM (540 views) Add Comment
8 Comments
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1. dohousescrashinthewoods said...
Sounds like realism is starting to dawn.
2. sold out said...
Ha ha ha Greenbay and Stuart lawz think that everything is going to turn around again and we will then have 5% growth again next year.Dream on you muppets.
3. shipbuilder said...
Muppetz?
4. renting2 said...
Quelle Surprise!
5. new user 2007 said...
"Today the group said it expects prices to fall "probably by mid-single digits in 2008 and 2009"...
am I correct in interpreting this as they expect prices to fall by 5% in 2008 AND 2009?
6. planning4acrash said...
5yrs of pain? I'll give you pain, I' say, you don't know nothing bout pain till you support our Engaland Football Team, I give you fifty yrs off bleedin hurt I say.
7. techieman said...
I almost wish i was a shareholder so i could have asked some leading questions at this AGM - maybe i'll buy some this year.
8. planning4acrash said...
And I won't even MENTION Southampton FC!