Rocket Science Economics

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.