UK full recession | 10 (35%) |
Alistair Darling resigns | 8 (28%) |
Spain exits Euro area | 4 (14%) |
China stock bubble bursts | 6 (21%) |
Not much surprise that we think there will be a full recession, very hard to see now how it can be avoided, but with corporate activity holding up we may just scrape by with 0% growth.
I have a nasty feeling that 3 out of the 4 come true. My vote was for Spain to exit the euro area, you read it here first. Wait to you see their sub-prime write down's on Spanish banks, whom the government bet the house on in tax and investment terms....
If Spain leaves Euro, that'll just be the beginning of a quick and messy end to that little experiment.
ReplyDeleteThat would be a pity. The Euro has been so convenient for those Britons who travel to different Eurozone countries. We get almost all the advantage of the Euro and none of the disadvantage. I do think that the Spaniards and so on should continue to belabour themselves on our behalf.
ReplyDeleteBut just think of the bonanza for De La Rue in printing all those lovely new Peseta notes!
ReplyDeleteActually, the poll was a tad unfair and/or misleading in that you had no option for 'None of the above'.
ReplyDeleteYou could in theory have a poll asking "is it more likely that we will be wiped out by AIDS or by a giant asteroid?", but to then report that "60% of respondents agreed it was likely that we will be wiped out by a giant asteroid" would be incorrect.
Darling tried to resign but Brown won't let him. All minister's are to dance to Brown's tune when and as ordered.
ReplyDeleteMark fair point, but the pedant tax accountant shines out ! ;o)
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