Sinking feeling about the British economy
With rising food and fuel prices also hitting discretionary spending, it doesn't require a rocket scientist to reach the conclusion that Britain faces minimal economic growth in the next two years, and there are quite a few City economists who reckon that our chances of facing an outright recession are no better than America's.
I think it does require a rocket scientist these days.
The Recession That Wasn't
Simply put, the recessionistas—to borrow a classic Kudlow zinger—are running out of time with both monetary and fiscal stimulus (bleh!) kicking in gear and the credit markets on the mend.
Wholesale Used Car Prices Decreased in March; Down 0.2% Year-over-year
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From Manheim Consulting today: Manheim Used Vehicle Value Index Shows
Seasonal Decline in March Despite Strong Market Demand
Wholesale used-vehicle prices ...
1 hour ago
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