Tuesday, Feb 10, 2009
Balls, but not Balls (for once) - His Master's Voice on seriousness of crisis
Yahoo/Press Association: Recession worst for century - Balls
'The economic downturn will be worse than the Great Depression and could spark a 1930s-style resurgence of the Far Right, a Cabinet minister has warned. Children's Secretary Ed Balls said the current crisis was "the most serious global recession for over 100 years", and its effects would be felt for a decade and a half.' Still, on the bright side, house prices went up last month and it's a fabulous time to invest in property, don't miss out as prices will start shooting up again soon.
Posted by montesquieu @ 12:50 AM (554 views) Add Comment
4 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. titaniccaptain said...
Anyone else think we are about to see house prices fall like a lead balloon?
2. troy said...
dunno tc, could be worse :-
from an advert a just few minutes ago top of HPC page (I kid you not)
"Some of these prophecies concern the demise of the United States over the coming year, which will be followed by man's final world war. This last war will be the result of clashing religions and the governments they sway. Billions will die! This time will far exceed even the very worst times in all human history."
http://the-end.com/2008GodsFinalWitness/?gclid=CK-knpi50ZgCFQtdQgod6g7N1A
3. p. doff said...
Did you see Prescott on Newsnight last night attempting damage limitation on Balls' comments? ......pathetic. Why has he been wheeled out into the light again anyway, I always thought he lowered the cred of Newlab, assuming they had any.
4. Eternal Sceptic said...
The truth of the depth of this recession/depression is slowly becoming mainstream.we're all on a handcart to hell.