Friday, January 9, 2009
Let the treatment run its course: recession
Columnist in the Independent newspaper Andreas Whittam Smith says: "... it would be best to admit that the recession will just have to take its course, long and bitter experience though that would be." He makes the point that all the govt actions since Aug 1997 have so far prevented the worst scenarios (I guess this means HBOS going bust for instance). But we are still in a vicious downturn.