escapeUK posted this great looking report: http://www.tullettprebon.com/Documen...Report_007.pdf
What do the resident economic geniuses think of it? A lot of it seems accurate and believable to me.
Executive summary:
Quite a good (if long) read. Enjoy (and report back).
Thanks to escapeUK for the heads up.
What do the resident economic geniuses think of it? A lot of it seems accurate and believable to me.
Executive summary:
- Brown (and co.) was the biggest dunce in modern history ["grotesque incompetence" - yup, that sounds like Brown]
- Brown gets lambasted quite a bit throughout, though Teflon doesn't escape Scot free
- The current government are fibbing about a lot of things too
- We are in debt up to our eyeballs
- The debt reduction plan is to fall apart at the seams
- Things are going to get worse
- House prices are going to fall
- Things might get very bad indeedy
- Lots of doom pictures too (dilapidated building interiors mostly)
...the UK economy and public finances have been managed with staggering incompetence – for sheer mismanagement, profligacy, and hubris, we know of no modern parallel for the trashing of the British economy in the decade prior to the financial crisis.
Thanks to escapeUK for the heads up.
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