www.financialpost.com/news/story.html?id=1226755
and the IMF say our economy will contract by nearly 3% in 2009.....which is worse than any year in living memory......
I am beginning to worry.....
The UK could go under if this is true and the IMF are right.
The USA for all its problems will only contract 1.6% in 2009.
Brown has basically messed up the finance system of the UK as Chancellor and now as Prime Minister. His system is TWICE as bad as anywhere else in the World and the IMF figures show that....
Spend wisely if you have to spend and only invest in real things - retail is a waste of time outside the main supermarkets......property is not going to go up in 2009 - more likely to plummet in value......gold and silver should see an increase....but oil surely will go down because demand will cripple China and Indonesia industry and could lead to riots and war because they will be hardest hit because they have less "welfare" in place than USA and UK.
Of course the BBC and Labour keep talking things up with no substance.....and the people with shares keep trying to talk up the stock market....but in reality any shares may be worthless by the summer.