Credit crunch alert over UK economy

Miesespeter , Dienstag, 04.12.2007, 04:00 (vor 6200 Tagen) @ eddie09

"Morgan Stanley concluded that both Mr Brown and British households had bet that the economic cycle would never turn against them, a bet they are likely to lose.

"The financial crisis is curtailing banks' lending volumes and has to have a serious impact on growth. Given the precarious position of many balance sheets, we do not think that there is any quick fix.

"We have serious concerns about the ability of central banks to reflate the consumer at this point given the excess gearing that already exists within many segments of the economy," said the report"

Das Sentiment ist somit extrem negativ.
Aber wie vertraegt sich das mit den Daten?
Wieso soll die BoE so grosse Schwierigkeiten mit Reflation haben, wenn M4 year-on-year zwischen 10-15% waechst (je nach Bemessungsgrundlage)?
Auch 10% Geldmengenwachstum ist nicht gerade deflationaer.

BoE stats

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Everything is ok