Monday, December 3, 2007
Cut and Paste Journalism & Desperation all rolled into one from the Telegraph ?
"Has the economy suddenly and totally fallen out of bed? We don't know yet, and it would be dangerous at this stage to bet it has. There is a risk rates will have to go up next year, not down," he said. - No the economy fell out of bed years ago ? Credit conditions have tightened abruptly since then, driving Libor back to crisis levels of 6.60pc. The Nationwide house price index dropped 0.8pc in November, the steepest fall in 12 years. - So what and good, that's what most people want ! Really, this article is all over the place, getting desperate now, Shadow MPC my @rse !