Monday, April 23, 2007
Crash Or No Crash?
Time to make hay while sun shines on the markets
How significant is the fact that sterling has breached $2? The last two times it happened - during the crisis over the ERM in 1992 and in 1981 - it was followed by a painful recession. That looks unlikely this time.
Posted by nearly30 @ 02:04 PM (712 views)
6 thoughts on “Crash Or No Crash?”
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dohousescrashinthewoods says:
Funny, a month ago the media was cautious, but broadly optimistic. Doom seems to be gathering pace.
Does anyone else think the rays of sunshine are receding fast?
Sam says:
I think becuse people are finally working out that it’s this bad and we’ve (they think) not really had a massive increase in rates. people are stretching themselves to get on the housing ladder, and some are falling off. and inflation is still on the increase!!
looking ahead, the only news is bad news.
Whiteknight says:
Laughable article.
Dumb in almost every respect.
Absolutely right about one thing though. It wont be a painful recession. It will be a suicidal depression.
enuii says:
As London (and the UK) is currently viewed in some less salubrious quarters as the best place in the world to launder money especially via Private Equity Schemes and Property the pound may well be propped up for some time yet while the money continues to pour in.
inbreda says:
dhcitw – glorious sunshine has been missing for some time now. Receding? Shrivelled in a corner more like.
Scott says:
London IS the best place in the world to launder money. Boris Yeltsin (who died today), Roman Abramovich (the richest oligarch/russian mafia), Victor Bout (a russian who is the world’s richest arms dealer) and many more all praised our banking system. It says a lot for us when the world’s most dangerous people say we are dodgy!