Wednesday, January 27, 2010

UK Recovery – postponed?

Don't invest in Britain: The UK economy sits 'on a bed of nitroglycerine', investors warned

''Bill Gross, who runs Pacific Investment Management Co mutual fund, said the British economy was lying on 'a bed of nitroglycerine'. In his monthly newsletter, Mr Gross said: 'The UK is a must to avoid. Its gilts are resting on a bed of nitroglycerine.''

Posted by hpwatcher @ 12:07 PM (2431 views)
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7 thoughts on “UK Recovery – postponed?

  • Interest rate increases anyone?

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  • But Britain was a ‘must avoid’.

    Sounds like Britain needs its own ring of fire called Inferno.

    And the beauty is we still have the hpc feast yet to come, not to mention the end of QE, the public sector being gutted and the possibility of IR climbing. It’s not looking good gents…

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  • And the beauty is we still have the hpc feast yet to come, not to mention the end of QE, the public sector being gutted and the possibility of IR climbing. It’s not looking good gents…

    Yup, tough times definitely ahead.

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  • Guy Fawkes will finally be vindicated.

    The last big boom.

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  • I heard this on the morning news on classic fm, strange the BBC have failed to mention it.

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  • Sparky,

    It was all over BBC Radio 4’s Today this morning.

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