Is it just me, or is this uncharacteristically dark and gloomy summer feeling like a rather apt metaphor for the dismal state of our nation? Just this past week alone, we have been subjected to a constant stream of ever more ominous and depressing news than I can recall in several years of life in this increasingly desperate Island.
For example, yesterday, we were treated to this happy picture by Chief European Economist Jonathan Loynes at Capital Economics:
“We have long been more concerned than most other forecasters over the outlook for the UK economy. But three developments in particular have made us even more worried.
“First, the news on the domestic economy has been worse than we anticipated…
“Second, the economy now looks set to receive less support from overseas than we had hoped… third, there is a growing danger that the downturn will be exacerbated by a contraction in bank lending to households and companies.”
Well stone my crows, the man must be a prophet. How does he do it? People usually pay good money for tarot cards this good.
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