Wednesday, June 4, 2008

Sound fundamentals eh, Gordon?

Britain most vulnerable to credit crunch after decade of 'excessively loose' fiscal policy, warns OECD

''...Britain is more vulnerable to the credit crisis than any other leading economy apart from the US, alarming research showed today. Tumbling house prices and a heavy reliance on financial services have left the UK as badly exposed as America, where a recession is looming, warned the Organisation for Economic Co-operation and Development...''

Posted by hpwatcher @ 10:02 PM (634 views)
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4 thoughts on “Sound fundamentals eh, Gordon?

  • US, UK. Two spiv economies where everything is pawned for cash so the boyz can go and buy casino chips.

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  • “Price are low, the fundamentals are sound and inflation is low.”

    The biggest “my @ss” in history

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  • Thanks OECD – a decade too late, but thanks that’s really great.

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  • “Price are low, the fundamentals are sound and inflation is low.”

    The GREAT lie, that’s what that is….

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