Monday Macro – recession alert

I think the stockmarket is right to signal an impending recession – start planning for it now. Batten down the hatches and prepare for a storm

The average UK citizen has a take-home income of around £30,000 or £600 per week. If we are to believe the stories emerging of $200 a barrel oil and much worse, then I think it perfectly reasonable to presume that the average consumer might face extra domestic costs of at least £1000 to £2000 a year in extra energy costs. That’s a material impact on the…