.. . so far anyway.
The press may well be right about all the doom but what's happened in practice?
Compared to the 1990/1991 not much: unemployment is lower, most people still have their houses - there have not been the mass repos of 1991, house prices haven't gone down much, interest rates are zero compared to double figures, if you go out in the evening people seem to be still spending like mad.
I remember the same blood curdling predictions from the early 1990: the end of the West, the rise of Japan (it was the one to watch those days), etc etc.
And what happened? By the mid to late 90s Britain was booming again.
The press may well be right about all the doom but what's happened in practice?
Compared to the 1990/1991 not much: unemployment is lower, most people still have their houses - there have not been the mass repos of 1991, house prices haven't gone down much, interest rates are zero compared to double figures, if you go out in the evening people seem to be still spending like mad.
I remember the same blood curdling predictions from the early 1990: the end of the West, the rise of Japan (it was the one to watch those days), etc etc.
And what happened? By the mid to late 90s Britain was booming again.
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