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I was just thinking that the inflationary pressures and the slide of the pound against the dollar and euro would require raising interest rates, but that would just make the credit crunch worse. So the UK will be hit hard, very hard.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Wed Jan 16th, 2008 at 09:31:20 AM EST
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