House prices set to keep falling, the pound is falling, unemployment to rise to 3 million. This was all before 8am.
The head of Barclays bank, just one of the splendid assortment of bankers who didn't know what they had bought and from whom, now make predictions which are immediately taken as gospel by the media ready to spread yet more gloom and doom.
Times are tough, we know, but can no-one shine a glimmer of hope these days?
The pound is weak, which means that fewer people will go abroad next Summer. That means more money spent in the UK. It means there will be more tourists, attracted by the value they can get with their dollars and euros. Tourism has generated more revenue than manufacturing in this country for many years. All we need is some sunshine in 2009 and we could see the coffers swell.
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Re: Gloom and Doom again
by
Anonymous
on Thu 18 Dec 2008 12:18 GMT | Permanent Link
nice to see someone with a sensible view at last! The tabloids, broadsheets, BBC etc are all doom and gloom merchants. At the end of the day we are all still here and will be next year too. As the interest rate has fallen and returns from Building societies are going to be lower is there any alternative means of providing a long term income?
Re: Re: Gloom and Doom again
We have many income producing investment vehicles available to us. I would be happy to give you an overview of these if you e-mail me via the website or kevin@asset-im.co.uk. With many Banks and Building Societies drastically reducing savings interest rates many peoples income will suffer this year. There are alternatives. Some carry more risk than others but as above I can explain in more detail if you wish. Happy New Year.
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