Friday, Oct 24, 2008
Thanks Gordon
The Mail: 'Worst financial crisis in human history': Bank boss's warning as pound suffers biggest fall for 37 years
'Worst financial crisis in human history':The pound suffered its biggest one-day fall for 37 years today after official figures revealed Britain is on the brink of recession.
The economy shrank by 0.5 per cent between July and September, its biggest decline since 1990 and the first quarter of negative growth in 16 years. No more boom and bust in otherwords.
Posted by sovietuk @ 05:57 PM (325 views) Add Comment
4 Comments
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1. planning4acrash said...
And all he needs to do is pull back troops, but taxes and let interest rates rise to market expectations to save Sterling, but, he has to satisfy his globalist paymasters who want us in the Eurozone. BASTA$D.
2. Dr Ray said...
Looks like I will be getting my wallet out again.....sigh
3. Whostolemyendowment said...
"It is the end to boom, I can say that the bust will be maintained...so no more boom and bust..."
We must not ignore the fact that this is global, and that things are moving so fast that governments can't to do anything about it. If 5 to 6 years ago they had put the brakes on {I can hear the screams from city types if it had been done back then}, and the USA had had tighter regulation (and also not a serial bankrupt 'monkey' in the Whitehouse)...we may have stood a chance...
Get ready for the UK to join the Euro before Christmas...
4. Peeps said...
p4c, yes but the Euro is also falling against the US dollar and will continue to do so if investors believe that it is likely to break.