Sunday, Jul 16, 2006

More concern over the Global Economy

Times Online: Britain and world set for hard landing

Fears are growing of a sharp slowdown in the global economy, triggered by big increases in energy prices and rising interest rates. Economists at HSBC say there is a greater risk of a hard landing for both the world economy and Britain.

Posted by uncle chris @ 01:14 AM (598 views)
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10 Comments

1. bidin'matime said...

There's no escaping the hard facts of life: as any six year old can tell you - as the swing goes up, the pressure to swing back steadily gets greater and all the more unstoppable.

The mistake these supposed experts make is believing that life is more complex than it really is.

Sunday, July 16, 2006 10:22AM Report Comment
 

2. paul said...

David Smith is the economists' last bull. He was parping and braying only a couple of weeks ago about how great the economy was.

Sunday, July 16, 2006 11:17AM Report Comment
 

3. Bloody Annoyed said...

I like so many others find it frustrating that to be able to afford somewhere remotely decent to live in my own country there needs to be a change in economic circumstances that will bankrupt and inflict misery on so many others.We all know the market economy is the lesser of many evils but it is far from perfect.We have all been dehumanised to fit the demands of this system rather than it serving us. I am one of the dwindling few in a healthy financial position but I am not in the mood to gloat.

Sunday, July 16, 2006 04:56PM Report Comment
 

4. Hardlanding said...

Hey The Times put my handle in a headline!

P.S. The Lebanon situation means its all going to kick off in the markets tomorrow; oil is going up, inflation is going up, gold is going up and stock markets are going down.

Sunday, July 16, 2006 07:31PM Report Comment
 

5. Sloth said...

Here's his 'blog.

http://economicsuk.com/blog/

Sunday, July 16, 2006 08:31PM Report Comment
 

6. paul said...

bidin I like your logic there too - believing that life is more complicated than it really is.

It's frighteningly simple - the signifiance of David Smith's admission that the bears were right is actually newsworthy on its own. When I mentioned on his site that he might be wrong he banned me from posting. He said only a month or so ago after the huge stock market losses that "the sound of the bears becomes cacophonous".

Funny that now he sounds like a bear.

Sunday, July 16, 2006 08:41PM Report Comment
 

7. Tensecs said...

bloody annoyed - have you seen the thread on the forum "does this site make you happy?" I think its a good question.

Monday, July 17, 2006 12:11PM Report Comment
 

8. sebastian said...

Not yet the thread yet, but the idea that their might be a house price crash makes me happier than the thought of being priced out for ever..

Monday, July 17, 2006 08:06PM Report Comment
 

9. sebastian said...

Haha, I love this from that blog:

"Nothing has yet happened to suggest that we will ever break out of the cycles that have defined our economic history since the dawn of trade. Recession is just recalibration - it's to be expected. Our challenge is to acknowledge that such periods are inevitable and to learn to mitigate the human and social costs."

- Jonathan

http://www.economicsuk.com/blog/000356.html#more

Monday, July 17, 2006 08:12PM Report Comment
 

10. sebastian said...

oops, missed the last bit:

"I suspect Mr Wolfson belongs to the Branson School of Economics - which holds that balloons can go up indefinitely."

sorry, double post, twice in a day..kill me now.

Monday, July 17, 2006 08:12PM Report Comment
 

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