Wednesday, Jun 17, 2009
Mr Cable views on economic recovery
Independant: Vincent Cable: This recession is very far from over
The mother of all economic crises seems mysteriously to have vanished in the face of a determined counter-offensive by the forces of optimism. There are daily accounts of returning confidence in financial and property markets and bodies like the National Institute of Economic and Social Research are forecasting an early return to growth. Perhaps those government ministers who spotted the "green shoots of recovery" in the frozen winter earth were not so deluded after all?
Posted by flintster1994 @ 01:37 PM (835 views) Add Comment
1 Comment
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1. will said...
The City created a false optimism to drive the stock markets higher in order to pay back some of the Government bail-out funding. Now we will witness what happens when the banks sell their market investments - another crash later this summer.