Sunday, Feb 21, 2010
Economic indicators in the UK and the rest of Europe
Mish blog: UK Business lending Falls At Record Pace; UK Mortgage Lending Drops 32% to 10 Year Low; Bundesbank Fears Second Wave of Credit Crisis; Party's Over
Mike Shedlock makes some observations about lending to UK businesses, UK mortgage lending, UK government borrowing in January and European credit markets. The final sentence reads "The European recovery is on its last legs. The global recovery will soon follow. Prepare for an economic relapse. One is highly likely."
Posted by quiet guy @ 06:00 PM (971 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. stillthinking said...
Not a double dip, just the first dip won't be masked by government debt anymore.
2. estrader said...
@1 - I can't help but agree with you. I would say that it isn't a double dip because we never got out of the first one. Absolute panic may be over, but recovery? Not so sure.
3. Cool_hand said...
So what are the chances we will get reasonable house prices in London?
4. fallingbuzzard said...
@1,@2, stimulus by definition creates a double dip as the stimulus is withdrawn, Q3 here will be the next contraction, probably Q4 US