Oct 24, 2008

UK recession, an economy built on hubris; I mean tears...

" However, she soon made out that she was in the pool of tears which she had wept when she was nine feet high.‘I wish I hadn’t cried so much!’ said Alice." csl.

Demand destruction has just begun here and globally. The UK has proudly based its economy on dodgy finance and dodgy rich folk.

At last there is a sense that this might be really serious.....Happy 79th Anniversary

3 comments:

Anonymous said...

How bad will it get?

Anonymous said...

Anon, don't sell your gold

The Fool said...

Ditto, Terry. The paper is not gonna hold...