Friday, August 31, 2007

A gloomy assessment from business about the future

The long-term view presents problems of its own

Last month the chief executive of a British high street retailer presented a strategy paper to his board. Its conclusion was stark: “We are in for a prolonged period of very sluggish growth.” The article goes on to say that “All logic suggests that house prices must fall.”

Posted by quiet guy @ 07:12 PM (39 views)
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