Sunday, October 19, 2008

More wise words from the sage of The Sunday Times!

Bank rescue won't stop the misery index rising

Economic numbers will never be the same again. A trillion here, a trillion there and soon you are talking about real money. The bank rescue pales everything else into insignificance, even if it has not yet calmed jittery markets.

Posted by flintster1994 @ 04:43 PM (580 views)
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2 thoughts on “More wise words from the sage of The Sunday Times!

  • Letsgetreadytotumble says:

    Can someone explain these figures from the article? I thought that we were the worst debters, and that Germany has a surplus. Are these figures correct?

    “Maurice Fitzpatrick of Grant Thornton points out that Britain’s public debt position, which is better than in any other G7 country, is a big advantage.
    Even a UK debt to GDP figure of between 40% and 50% of gross domestic product, which Alistair Darling is likely to admit to in his pre-budget report next month, is half the G7 average of 93%.
    America is on 61%, Germany 63%, France 64%, Canada 68%, Italy 104% and Japan a huge 195%.”

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  • He steels his opening quip from Bill Boner and rest from Nu- Labuz PR people.

    But then, Smith has probably lost some confidence in his ability to think for himself, given his demonstrable & uncanny ability to get it all wrong, all of the time.

    He still gets paid to lend us his views though, so, presumably, there are still some folks interested in what this fool has to say!

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