No shit sherlock. My barber could have told him that at the beginning of the year. You all remember what he was saying back in the first quarter of 2011. Man’s a bloody genius, wasted cutting hair.
- If confidence doesn’t return may have to consider more asset purchases (if we don’t see additional QE I’ll eat my hat)
- Bank lending could fall
- UK mix of loose monetary policy, tight fiscal policy is the right one
