Friday, July 11, 2008

Roger Bootle from Capital Economics said Britain could be facing a “real economic crisis and a financial collapse. The MPC does not have the luxury of waiting until all is absolutely crystal clear. By that time the bird will have flown.”

The money supply data from the US, Britain, and now Europe, has begun to flash warning signals of a potential crunch. Monetarists are increasingly worried that the entire economic system of the North Atlantic could tip into debt deflation over the next tw

The money supply data from the US, Britain, and now Europe, has begun to flash warning signals of a potential crunch. Monetarists are increasingly worried that the entire economic system of the North Atlantic could tip into debt deflation over the next two years if the authorities misjudge the risk.

Posted by big chris @ 07:49 PM (497 views)
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One thought on “Roger Bootle from Capital Economics said Britain could be facing a “real economic crisis and a financial collapse. The MPC does not have the luxury of waiting until all is absolutely crystal clear. By that time the bird will have flown.”

  • You read it first on this site, just prior to his ‘honourable’ retirement as govenor of the BOE and overseer of the MPC, Fast Eddie G said it would all end like this. Subsequently when he addressed the treasury sub committee looking at the first ten years of the ‘independant’ BOE and MPC he repeated his forecast (then rapidly becoming reality) and added insult to injury by saying that despite that foreknowledge they viewed the coming carnage with the personal security of knowing that ‘they’ would not have to try to sort the mess out.

    Who will be first against the wall? and who deserves to be?

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