Sir Howard Davies, director of the London School of Economics (LSE), has quashed talk of economic gr...
Sir Howard Davies, director of the London School of Economics (LSE), has quashed talk of economic green shoots. Talking at Incisive Media's International Investment London Forum, the former deputy governor of the Bank of England and first chairman of the FSA says although a mini recovery in bank stocks is likely, the future of the broader market "worries" him. Davies says the current recession is unlike any other he has seen, but adds it is reasonable to use previous crashes as a guide to how long it may last. Davies is unconvinced by talk of an economic recovery. "I fear I am on the ...
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