Fear and greed could have bull on the run: European investment bank Dresdner Kleinwort says that, according to its Fear and Greed Index, the end is nigh for the bull market and we're in for a worldwide economic slump.
21 February, 2007
It's all got a bit 80's hasn't it? Statues being unveilled of Margaret Thatcher, city fat cats, inflated bonuses, ipods/walkmans, Falklands/Iraq, government sleaze/ government sleaze, hospitals closing/hospitals merging, kids shooting up on housing estates/kids shooting each other on housing estates. Here comes boom and bust around the corner. Already the rate of repossesions are on the rise, there are redundancies left right and centre, greed for flat screens, fast cars and Bangkok instead of Benidorm, racking up the credit card, fur coats and no knickers. It'll all end in tears whilst a demob happy Prime Minister sticks two fingers up to us all.
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