Thursday, December 3, 2009

Down we go – wheeeeeeeee

Fitch predict possible double dip

Hope you haven't just bought a house :D

Posted by chrisch @ 05:55 PM (2210 views)
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8 thoughts on “Down we go – wheeeeeeeee

  • Bad link

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  • I Have a few friends that own medium size comapnies in this sector (25 mill plus). There has been a noticible tightening by the banks in the last 3-4 weeks. From a public perspective the banks will try and talk the market up, because their balance sheets depend upon it. In private, their actions are showing the opposite.

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  • Fallingbuzzard says:

    Doubledip is inevitable. Happens in every UK recession. Why? During the fall, actions are taken to stop the fall. This stops the fall and then when the evasive action is removed, the fall that was going to happen restarts. We only talk of doubledip because economists and politicians are obsessed with GDP growth figures. If we focused on absolute real GDP figures, then we’d never really see a double dip, just a continuous fall with one period of slower fall as the government tries to trick financial markets. Tripledip anyone?

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  • Just because Fitch say it’s going to happen, doesnt mean it will….. I dont see posts saying “Whheeee up we go”, when Stuart Law of Assetz writes a report

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  • Bonei1973, that’s because City Wire is a bit more credible than whoever Stuart Law is.

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  • Actually Fitch seem to get it wrong more often

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