Community Views : What’s on the boards today….9th Nov 2010

9th November 2010

The Daily Telegraph

"Britain's total debt will top £10 trillion by 2015, according to PricewaterhouseCoopers, which warned the burden could slow growth for decades as interest rates eventually rise."

moraymint comments: "It makes me laugh each time I see yet another esteemed report saying that, "if the economy does not perform as well as expected …". The central assumption should, in fact, be that the economy will not perform. Full stop."

The Daily Telegraph

"Return to the Gold Standard would be madness"

meditek thinks: "Lol, anyone with the slightest regard for the future of their paper money has been pouring it into gold for years. Of course, the banks simply hate gold as it calls their bluff."

The Guardian

"The housing market continues to weaken, consumer spending remains sluggish and the economy is heading for a "moderate downturn", according to a slew of new data, suggesting that the tough financial conditions in Britain will persist despite stronger-than-expected growth in the third-quarter gross domestic product."

willb42 says: "House prices continued to decline last month, with 49% more surveyors reporting a drop in prices than a rise – the worst monthly reading since April 2009 …its not the 'worst' its the 'best'."

 The Guardian

"Multi-millionaire Terry Smith is launching a new investment fund promising easy, cheap and profitable investing for all – and he's putting in £25m of his own money"

Lazybloke thinks: "Silver has increased from $17 per ounce to $27 per ounce in this year. That is where the real investment lies until the entire debt system collapses."

The Independent

"Britain will experience a slowdown in her economic recovery but escape a "double dip" relapse into recession, says the Organisation for Economic Co-operation and Development (OECD) – the "club" of all the world's advanced economies."

KlingonsOffTheStarboardBow comments: "Oh Dear – Gordon Brown will be disappointed. His endlessly blathered predictions of a "double-dip recession" are turning to dust as the rest of his economic policy did some time ago. Milliband Minor will have to find another cunning plan of attack.

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