PPRuNe Forums - View Single Post - Growing evidence that the downturn is upon us....
Old 20th Jun 2008, 16:24
  #908 (permalink)  
Grass strip basher
 
Join Date: Nov 2004
Location: The Desert but shortly to be HK!)
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RV8 as a result of the strong retail sales data and the ongoing concerns about inflation the UK money markets are now factoring in 4 (yes four) rate rises in the next 12 months..... good news.... unless you have a mortgage... or a big loan related to flight training. As a result of this bank share prices are down 6-7% in 2 days on fears of bad debts and airline share prices continue to fall....
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