Sunday, October 25, 2009

PM Podcast 23 October

Ok I listened to the PM's podcast:

  • We're still in recession on this quarters figures
  • Tightening up on lending practices (no unaffordable mortgages, no credit card cheques, no unrequested raises in credit card limits)
  • Bank bonus action
  • Limit protectionism to help recovery
So (1) is a big disappointment, they thought it would be positive growth by now.
(2) is shutting that stable door firmly after the horse went about 4 years ago, and it could be counter productive to those with huge mortgages who might feel they deserve a softer landing when they come to remortgage.
(3) I'd like to see him try!
(4) No hope in hell.

Not a bad listen, almost sounded grave and Churchillian.

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