Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

" Uk More Vulnerable To Economic Side Effects Of The Credit Crisis Than Eurozone Or U S"

Recommended Posts

http://www.telegraph.co.uk/money/main.jhtm.../cnrates124.xml

.../The study also concludes the UK is more vulnerable to the economic side effects of the credit crisis than either the eurozone or the US - another potentially embarrassing blow for Gordon Brown, who commissioned Prof Miles to conduct an investigation into the mortgage market in 2003.
Britain is typically thought to have had a higher neutral interest rate than both the US and the eurozone, but this gap has narrowed, Prof Miles said.
"Bottom line: the impact of the credit crunch on the wider economy may be more severe in UK than in the US and the rest of Europe," he said.

Been saying the same thing for a couple of years. Our bubble was that much bigger than in the US and EZ therefore.........................

Share this post


Link to post
Share on other sites
http://www.telegraph.co.uk/money/main.jhtm.../cnrates124.xml
.../The study also concludes the UK is more vulnerable to the economic side effects of the credit crisis than either the eurozone or the US - another potentially embarrassing blow for Gordon Brown, who commissioned Prof Miles to conduct an investigation into the mortgage market in 2003.
Britain is typically thought to have had a higher neutral interest rate than both the US and the eurozone, but this gap has narrowed, Prof Miles said.
"Bottom line: the impact of the credit crunch on the wider economy may be more severe in UK than in the US and the rest of Europe," he said.

Been saying the same thing for a couple of years. Our bubble was that much bigger than in the US and EZ therefore.........................

how embarassing for Brown pants

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.