Tuesday, November 13, 2007

Outlook more gloomy than post-9/11

IoD warning over slump in confidence

THE credit crisis has led to a sharper fall in business confidence than in the wake of the September 11, 2001 attacks on America, according to the Institute of Directors.

Posted by peter @ 08:03 AM (701 views)
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4 thoughts on “Outlook more gloomy than post-9/11

  • inflation is eating my savings says:

    Perhaps the power-that-be will decide it is time for another attack- just to stimulate the economy

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  • The Iod have always been a rather clueless bunch, as reflected in this press release which can be summarized as “whaaa … ?”

    The fact that David Smith is writing it says it all too:

    “Analysts expect inflation to edge up from 1.8% to 1.9% but some fear it could rise above the Bank’s 2% target”

    Yeah thanks David for your rather stupidly optimistic projection of a 0.1% increase in inflation. You were wrong (again).

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  • Now don’t forget Paul, David Smith is the lerned one – not us!

    Oh and Paul, why do you have scepticism for Property Snake? Is it kosher or not?

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  • I’m not especially sceptical about property snake – it’s a good general guide, but it is only as reliable as the website data that it polls.

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