Friday, October 16, 2009

Take your medicine.

Ex-FSA chief Sir Howard Davies sees 'dramatic’ risks for Britain

What is disturbing is that the British people seem unwilling to face minimal belt-tightening.

Posted by devo @ 07:07 AM (990 views)
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3 thoughts on “Take your medicine.

  • I used to come to HPC for my daily dose of bear-porn. Nowadays I look at the Telegraph’s finance pages first. They’ve been consistently gloomy – and consistently right!

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  • This Joker was quite content allowing petrol to be poured over the fire when he was Chairman of the FSA, now he’s telling us we are all doomed, magic!

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  • ‘What is disturbing is that the British people seem unwilling to face minimal belt-tightening’

    Hardly surprising when they see some of the banking culprits with their noses back in the bonus trough. The biggest culprits behind the mess are the central bankers and our BoE/MPC who deliberately created the bubble with years of artificially low interest rates.

    Hard as it may be for some to believe the article would back up my feeling that the worst is yet to come and the UK has not even had the worst of the recession yet.

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