Sunday, Oct 19, 2008
More wise words from the sage of The Sunday Times!
Times: Bank rescue won't stop the misery index rising
Economic numbers will never be the same again. A trillion here, a trillion there and soon you are talking about real money. The bank rescue pales everything else into insignificance, even if it has not yet calmed jittery markets.
Posted by flintster1994 @ 04:43 PM (219 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Letsgetreadytotumble said...
Can someone explain these figures from the article? I thought that we were the worst debters, and that Germany has a surplus. Are these figures correct?
"Maurice Fitzpatrick of Grant Thornton points out that Britain’s public debt position, which is better than in any other G7 country, is a big advantage.
Even a UK debt to GDP figure of between 40% and 50% of gross domestic product, which Alistair Darling is likely to admit to in his pre-budget report next month, is half the G7 average of 93%.
America is on 61%, Germany 63%, France 64%, Canada 68%, Italy 104% and Japan a huge 195%."
2. tick tock said...
He steels his opening quip from Bill Boner and rest from Nu- Labuz PR people.
But then, Smith has probably lost some confidence in his ability to think for himself, given his demonstrable & uncanny ability to get it all wrong, all of the time.
He still gets paid to lend us his views though, so, presumably, there are still some folks interested in what this fool has to say!