Monday, July 28, 2008
FT’s expert view
One of the Ask the Expert series from the FT. An antidote to some of the rubbish appearing in the other papers. Quite long but worth a read, for instance this quote on unemployment: "I would therefore argue that any bounce back will take time to re-assert itself and that we are still in the very early days of the correction. It is worth noting that unemployment actually only began to rise from May 1990 with housing acting as a lead indicator."