Saturday, 1 January 2011

India and China's progress

It appears that India and China are likely to lead the global economic recovery in 2011.

Hardly surprising.

I'm really impressed with them China in particular with the superb new bridges they have built.

Still we in the UK are having to recover from the out of control spending over the last few years.

I think that one of the most worrying aspects is the house price fall prediction of 10%. If that does come to pass (although with such a housing shortage market forces will kick in sometime) then any interest increase will cause a lot of private landlords to go under.

Still we shall see. The economists have got it wrong so many times before.

Joke for today:- Harry gets a lot of excercise. Last week he was out 7 nights running

On this day:- 1st January

In 1863 Abraham Lincoln declared freedom for all slaves in the southern states.

In 1865 J. Edgar Hoover founder of the FBI was born

John F. Beaumont

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