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)
7 thoughts on “UK Recovery – postponed?”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
mr g says:
Interest rate increases anyone?
mrflibble says:
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…
hpwatcher says:
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.
Crunchy says:
Guy Fawkes will finally be vindicated.
The last big boom.
Sparky300 says:
I heard this on the morning news on classic fm, strange the BBC have failed to mention it.
jack c says:
This was also debated on one of yesterdays topics http://www.housepricecrash.co.uk/newsblog/2010/01/blog-amazing-what-a-few-trillion-fails-to-achieve-27421.php – Mountain Goat @38 onwards
another alan says:
Sparky,
It was all over BBC Radio 4’s Today this morning.