So here we are in 2011 and we have QEII and that is not the cruise liner going on a voyage. But it might as well be one as we learn from Mervyn King that he believes that not only are we headed for a double dip recession but that the problems ahead may be as bad as the Great Depression if not worse!
Clearly, Mr King knows a thing or two about the Economy and need for stability in time of crises.
But I do question his undoubted wisdom this time round; the injection of around £75B over the next four months may be welcome to keep money moving but the doom and gloom of something unimaginable and worse than the Great Depression we do not need.
So if you get a chance to read this Mr King. Try to be just a bit more bullish next time.
