Wednesday, January 28, 2009

Don’t Agree says Brown

Worst of all! Economists point at UK

"The UK is expected to suffer the worst slump of all advanced nations in the "deepest recession since the Second World War", world economists said today. All major economies are expected to experience steep falls in output in 2009, but the drop for Britain is forecast to be substantially greater than the average, according to the International Monetary Fund's (IMF) World Economic Outlook". (Gordo will tell the world how to go forward into prosperity tomorrow)!

Posted by alan @ 05:14 PM (1190 views)
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5 thoughts on “Don’t Agree says Brown

  • This cant be true can it? Gordon Brown has stated on many occasions that we are in a better position to weather this than most other countries. Surely he is a not a bare faced devious liar?

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  • People never blame “longs” for creating bubbles. It’s always “someone else’s fault” – the central bank, the government, the investment banks.

    People blame “shorts” for the bust that inevitably follows, even though shorting BEFORE the move cannot CAUSE the move.

    Why?

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  • uk has one of the lowest debt to GDP of the largest economies.
    This gives us more scope to borrow and use the money to help the economy.
    As long as the government doesn’t waste this money propping up deadwood.
    The government should have used tighter regulations to prevent the amount of borrowing people have been allowed to indulge in.

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  • The UK has one of the lowest debt to GDP of the major economies.
    This would give the government more room to borrow compared to other countries
    Hopefully they don’t use the money to bail out deadwood financial institutions and
    loss making car manufacturers like in the past…..oops they already have.

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