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Lord Lawson`s Son On Lord Turner
There is no case in favour of wait and see….by waiting we should have missed out on the great restructuring of the European economy and its trading patterns….to stay out now would be a terrible mistake.
Quote by: Lord Adair Turner
Quote made on: 2002
Quote Submitted by: David Snape
Source: Dominic Lawson of "The Sunday Times" (12/08/2012)
Editor's Notes
It seems possible that Dominic Lawson does not consider Lord Adair Turner to be his favoured candidate to replace Sir Mervyn King at the BoE.
In addition to the above, Mr Lawson went on to say: “Above all, we should not forget Turner`s obsessive proselytising for British membership of the euro while he was Director-General of the CBI. Given that the euro can be saved only by what Turner at the time described as the widely-held fallacy that the single currency requires a large central budget in Brussels, one might expect some humility: but that is not his style – and I doubt he sees the incongruity in applying for the job of printing billions of a currency he campaigned to abolish.”
Remind me not to get on the wrong side of Dominic Lawson.
(3 votes, average: 4.67 out of 10)
Loading ...Published on: August 14, 2012
World Economy Saved From Potential Meltdown
The world economy has been saved from potential meltdown and growth will be stronger than expected this year (according to a leading economic consultancy, the Centre for Economics and Business Research).
Quote by: Kathryn Cooper (Economics Correspondent for "The Sunday Times")
Quote made on: 15/04/2012
Quote Submitted by: David Butler
Source: "The Sunday Times"
Editor's Notes
The article went on to say that, according to the CEBR, the risk of a break-up of the eurozone and the implosion of the global banking system had receded, despite the continued weakness of the European economy. The CEBR had revised up its forecast for global growth from 2.5% to 2.8% and predicted a healthy 3.6% by 2015-16. Furthermore, it thought the chances of a eurozone break-up had fallen from 60% at the end of 2011 to less than one in three.
The “Sunday Times” interpreted this as adding to the growing optimism that the British economy could avoid a double-dip recession when figures for growth in the first quarter of the year were due to be released at the end of April 2012.
I want to live in the CEBR`s world economy, as the current one is far more depressing.
(1 votes, average: 10.00 out of 10)
Loading ...Published on: May 21, 2012
Timing, timing……
“Profit From The Market Rally – investors encouraged to pick up undervalued stocks”
Quote by: Ali Hussain
Quote made on: 18/03/2012
Quote Submitted by: David Snapes
Source: "The Sunday Times"
Editor's Notes
Just when it looked safe for the bulls to come out, this exhortation for us all to fill our boots was rather spoiled by actuality. In the event, the ensuing five trading days managed to conjure up a loss of 110.67 , or 1.9 per cent, for the FTSE 100 which, in the words of the Weekend F.T., “…made its biggest weekly loss since the start of the year with mining stocks leading it lower on fears over the outlook for global growth. Fears of a lingering recession in the eurozone and poor data from the U.S. housing market left traders unwilling to move the benchmark index back towards its recent peaks”. Events, dear boy, events.
(1 votes, average: 9.00 out of 10)
Loading ...Published on: March 26, 2012
