Sunday, September 28, 2008
Jon Moulton on the Economy
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."