Monday, Jun 12, 2006

Time to raise Interest Rates?

BBC Website: Economy faces bumpier time - King

The global economy is set for a more turbulent time after a period of strong economic growth, Bank of England governor Mervyn King has warned.

Posted by cupidstunt @ 11:53 PM (529 views)
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1. tyrellcorporation said...

Mmmm, last time this guy piped up was summer 2004 and it caused the housing market to go into reverse. Can anyone else remember the forlorn EAs playing Tetris and staring at the passers by. That was one of the happiest periods of my life and I revelled in their misfortune; regularly stopping briefly at their windows but quickly moving on (while laughing!). Smugness has returned with avengeance though and I hope this current comment from Merv will again let me savour those happy times...

...Sorry Capitalist (but it sounds like you might agree with me anyway ;)

Tuesday, June 13, 2006 08:24AM Report Comment

2. bidin'matime said...

It was good to see this reported by Evan Davies on BBC news last night - even with mention of lower house prices. Hopefully soon people will stop looking at me in disbelief when I tell them that tough times are ahead...

Tuesday, June 13, 2006 01:22PM Report Comment

3. tyrellcorporation said...

Evan Davies is a beacon of sense amongst the mire of morons at the BBC. Last year he wrote a great piece about why he wanted a house price crash - all sound reasoning too...

I still haven't fathomed why he hasn't had his BIOS flashed by senior execs - LeftyMantra v4.16 has been available for months!

Tuesday, June 13, 2006 01:56PM Report Comment

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