Tuesday, July 8, 2008

Wile E Coyote economy well past the cliff edge

Recession 'looming' for UK firms

I was slightly surprised to see the Beeb reporting in such a dismal tone: The BCC's director general David Frost said the report was deeply worrying. There has been disappointing news on house building and mortgages "I am sending Alistair Darling and Gordon Brown a strong message from the businesses I meet every day up and down the country," he said. "To put more pressure on business would not only restrict business growth and hit the consumer hard, it would crush further what our economy is based on - confidence."

Posted by quiet guy @ 08:08 AM (692 views)
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4 thoughts on “Wile E Coyote economy well past the cliff edge

  • it_is_going_with_a_bang says:

    An economy based on confidence. Great.

    “Some economists believe the chances of a recession in the UK are now 50:50.

    They had hoped the slowdown in the economy would eventually reduce inflation, without turning into full-blown recession.”

    So lets get this right it’s a “belief” based on “hope”. I did wonder what the fundamental theories and workings out were that economists were using. All along it was ‘hope’.
    That explains rather alot.

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  • There will be a UK recession. It’s now inevitable.

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  • another alan says:

    These comments made just two days before the next interest rate decision is made too! Wonder why?!

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  • House prices have been falling dramatically in the absense of a recession. A toxic mix now awaits – rising unemployment, inflation, high oil prices, falling equities, tight credit conditions…..

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