Saturday, September 6, 2008
“I won’t have it!” Don’t worry, you’re not gettin’ it.
Hugh Johnson, the founder and head of Johnson Illington, the US fund manager, said: “Today’s data shows that we are almost certainly in a recession. It suggests very strongly that the economy is contracting in the third quarter and that that is likely to continue into the fourth. I knew the economy was doing really poorly, but today’s figures are still a bit of a surprise.” Listen fella, you're at least a year behind the curve....or are you bluffin'?