Doom & gloom

October 7, 2008

Peter Jones, the very tall one from Dragons Den, was on breakfast TV this morning saying we were talking ourselves into a recession and how typically British to do so. His point was that the economy relies on credit and that credit relies on confidence and it’s a lack of confidence that’s at the heart of what is going on in the economy. A little confidence would go a long way right now.

He went on to say that he thought that any recession would be short lived and that the sooner the banks start to trust each other and start lending each other money again the better for all of us.

It was very refreshing to see someone not talking gloom & doom. He should be on more often!

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