RichM Posted February 27, 2006 Share Posted February 27, 2006 Counting on the consumer may be costly In conclusion: Combine all three of these elements and we can see that there is a reasonable case that the Bank’s hopes for consumer spending to resume its role as the engine of economic growth may well prove, to adapt a phrase, implausibly exuberant. And this argument is all the more persuasive if one also believes that fears over the pensions “crisis” may also induce some rise in people’s desire to save rather than spend. So, if consumer spending isn't going to drive the economy, then it'll be... Quote Link to comment Share on other sites More sharing options...
Guest Posted February 27, 2006 Share Posted February 27, 2006 When are we going to sink Rich? I'm getting bored at this show and want my money back... Quote Link to comment Share on other sites More sharing options...
non-FTBer Posted February 27, 2006 Share Posted February 27, 2006 Ummmmmm. Maybe it'll be insurance claims next to fuel consumer spending and DIY. I tihnk I heard somewhere that isurance claims rocket during a downturn. Quote Link to comment Share on other sites More sharing options...
CrashBear Posted February 27, 2006 Share Posted February 27, 2006 seems to be quite a few doom mongering articles recently, is this a new trend? Quote Link to comment Share on other sites More sharing options...
FTBagain Posted February 27, 2006 Share Posted February 27, 2006 Interesting that he mentioned Unemployment in artical. If unemployment keeps rising then folk will start to worry. There is nothing like FEAR to change people's behaviour! Quote Link to comment Share on other sites More sharing options...
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