UK plunging into recession – Bank of England wonders how to fight stagflation
Sonja Moore
Jul. 1, 2008

Bank of England finally joined the global cenral banks fighting stagflation. The inflation is rising fast like in UK like in other countries. The economy is plunging into recession. The stock and bond markets are suffreing devastating bear markets.

Home buyer mortgage approvals are 65% down from a yaer ago. The business and consumer confidence is sharply down. The real estate has taken sharp down turn. The businesses are planning massive job cuts to preserve profitability. Some businesses are citting cost rapidly to survive this cycle of devastating downturn.

Business and consumer confidence has dipped to all time lows. The productivity is also falling rapidly. British economy is plunging into a deep recession and possibly into a deflationary depression after the inflation cycle tops out.

UK plunging into recession – Bank of England wonders how to fight stagflation
Sonja Moore
Bank of England finally joined the global cenral banks fighting stagflation. The inflation is rising fast like in UK like in other countries.
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