Sothe technology stock crash in 2000/1 was not worldwide? Didn't the1997/8 Asian economic crisis and LTCM collapse have globalrepercussions, the ERM crisis in 1992 had currency volatilityeverywhere, Black Monday in 1987 was scary, the Latin American debtcrisis in 80s... we have had them all the way back to 1929. All were global financial crises.
Gordon says the economy has "underlying strength", which must be why August saw the lowest new car sales since Bobby Charlton lifted the World Cup. Oh, almost forgot: the Prime Mentalist is getting on with the job and making long term decisions as well.
The Independent
06 Sep 2008
