>   I don't think the economy in England is that better off than the rest of
> Europe...  didn't they have to suspend short selling altogether last week in
> their stock exchange?, as one of the measures to stop market dive?

Yes, on a specific share issue (HBOS), which was being systematically destroyed 
by gamblers "playing" with the stock market, for want of a better way of 
putting it.

I think so far the economic slowdown seems to have been limited to businesses 
involved in house development/buying/selling, and the associated financial 
institutions.

There seems to have been a certain drying up of consumer credit (credit card 
limits being reigned in, fewer interest-free offers around, etc.), but 
commercial credit doesn't seem to have been affected. The companies we use when 
arranging leasing deals on new systems for our clients don't seem to be 
rejecting any more applicants than they usually would, and rates don't seem to 
have gone up.

We certainly haven't seen any drop in sales, even amongst the considerable 
number of estate agents we deal with (one of them's about to open a new branch, 
so it can't be *that* bad ;-) ).

Sometimes the media really does talk us into a recession.

Regards,

Chris
--
C.M. Bagnall, Director, Minotaur IT Limited
This email is made from 100% recycled electrons



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