Monday, December 3, 2007
Vince Cable “… almost certainly on the point of a big crash”
From today's (Monday) wake up to money. 14 mins 15 secs in. Vince Cable dicussus his proposal for a strategy for repossessions to avoid the misery of the last crash. He says "... almost certainly on the point of a big crash..." They then get some CML cheerleader to come on. Brilliant stuff. Looks like the Lib Dems have realised that the "miracle economy" is not what it seems, and has been propped up by cheap money, massive mortages with the underlying been an overpriced asset.