Wednesday, 4 May 2011

UK - March Bank lending data highlights sluggish economy

http://uk.reuters.com/article/2011/05/04/uk-britain-lending-idUKTRE7431R520110504

(Reuters) - Lending to consumers and homebuyers rose less than expected in March, Bank of England data showed on Wednesday, adding to evidence of a sluggish economy from the construction sector and falling house prices.


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SS says


Deflation is on the horizon and people are failing to see it.
How long can one live by denying the inevitable?


Time will tell.

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