Sunday, September 28, 2008

Jon Moulton on the Economy

Alchemy boss says recession looms

One of the UK's most outspoken businessmen, private equity boss Jon Moulton, has said the UK economy is weeks away from recession. He said he feared that the US financial rescue plan may not work. "Nobody really knows how it will work, there are no good models." "This vast package may not even be big enough." "I'm a very depressing bear at the moment."

Posted by renting2 @ 08:11 PM (768 views)
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One thought on “Jon Moulton on the Economy

  • Yep, the man has it sussed, “Even if we get clear of the housing bubble, the UK still has huge government debts – the public books will not balance.”. Not forgetting that what we need is, “plain vanilla banks that people trust, that just do loans and savings – banks that regulators can regulate”. Quite obviously, “I’m going to defend the regulators – poor sods. We’ve created an unregulatable financial system.”

    Nice one.

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