UK economy worse then first thought!
Submitted by SIERRAHPBT on Sun, 08/10/2008 - 22:09Dear Jim:
If this is anything but a another bear trap I am the biggest fool on the planet.
Regards
Alex
(Click on chart to enlarge in PDF format).
Dear Jim,
I think in a year they will say the same thing again - that they thought it would have been over already! The worst is not over, and that is why Paulson is leaving in January. He knows why! Why else would he leave? It was unwinable!
Best
CIGA Big Tatanka
UK economy 'worse than thought'
Many UK manufacturers face an 'uncomfortable' time, the CBI says.
The CBI, the UK's largest employers' organisation, has warned that the UK economy is deteriorating faster than it previously thought.
There was "no doubt that the mood has darkened in the last two or three months," its director general Richard Lambert warned members in a letter.
Forecasters, including the CBI, had been "over-optimistic" about the economic outlook, he added.
High inflation and slowing growth have prompted fears of a possible recession.
A year ago it seemed reasonable to hope that the worst would be over by now. That has not turned out to be the case
The level of inflation - which most analysts expect to surpass 4% when the July figures are released this week - had taken people "by surprise", Mr Lambert said in the letter, seen by the BBC.
And he added that the credit crunch had been "bigger and broader" than first expected.
"A year ago it seemed reasonable to hope that the worst would be over by now. That has not turned out to be the case."
More...
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Dear Jim,
I can't help but
think bush is in china why? I think big things are happening and going to happen while he is gone, why? Hmmmm, something is going to break, war with russia, iran, monetary. I think tomorrow will be interesting. Peace
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
this is what scares me.. our
this is what scares me.. our special forces troops are in Georgia training the georgian military... you know we sold them high tech weapons.. now that is being used against Russia! what do you think they shot those russian planes down with? this would be like Russia training guatamalan troops that were going into Mexico and we came to help Mexico! we would not like them making trouble in our hemisphere so why are we making trouble in theirs! its all messed up! this thing is going to snowball! to many ship movements to the gulf etc.. from now threw October it is going to be intersting.. get prepared! this will sway the election to McINSANE!
as for me and my home, we shall worship the LORD
"Ineptocracy: a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed are rewarded with goods and services paid for by the confisc