Tuesday, April 8, 2008

Shopkeepers sing the blues

Jobs fear as British Retail Consortiums pleads for interest rate cut

As I wrote in a blog yesterday:" However expect bleating from retailers who will blame high interest rates for their poor product range and business models. Bail out the banks, but don't forget the retailers who have also been riding high on the wave of cheap debt, and now need to reasses their approaches."....its like I can foretell the future and have mystic powers, NOT, samo, samo. Whats the date? Its time for VI's to make themselves heard, aided by the IMPARTIAL British Media

Posted by bystander @ 08:03 AM (419 views)
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2 thoughts on “Shopkeepers sing the blues

  • japanese uncle says:

    He added: “A healthy economy is a happy economy and retail sits right at the pivot of that. To boost confidence, we do need to see the gentle stimulus of a rate cut.”

    Mervyn King Esq
    Bank of England

    Dear Sir:

    Please could you cut the base rate not by meager 0.25%, but chunky 0.75%, so that people can keep spending. Some argue rate cut will bring misery to pensioners and other members of our society who basically depend on interest income, while some are cheeky enough to question whether an economy riddled with 1.4 trillion personal debt can ever be called a healthy economy. You should not listen to such voice of the devil. The interest of such insignificant section of our society must be sacrificed to a greater cause, i.e. the profits of large retail organizations and the financial institutions that finance them. Voice of those who no longer contribute to the productivity of our economy should not be heeded. Likewise 1.4 trillion pounds personal debt is not really the issue at the moment, until the day when the credit will wholly be dried up and called. Meanwhile there is no point of worrying on the basis of assumption. I do believe you will agree with me. We all trust you.

    Yours sincerely,

    Robert Stephens
    Director General
    British Retail Conference

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  • this is a thinly disguised sh*t show.

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