Hold On to Your Hats We're in for Difficult Times Ahead ; Professor David Smith Is a Visiting Professor of Business and Economic Forecasting at the University of Derby and Chairman of the Shadow Monetary Policy Committee. He Discusses the Current Financial Turmoil and the Reasons Behind It.

Summary

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Professor David Smith is a visiting professor of business and economic forecasting at the University of Derby and chairman of the Shadow Monetary Policy Committee. He discusses the current financial turmoil and the reasons behind it.

The proposed government bail-out of American banks and its effects on the global, UK and local economy is a hot topic at the moment.

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Hold On to Your Hats We're in for Difficult Times Ahead ; Professor David Smith Is a Visiting Professor of Business and Economic Forecasting at the University of Derby and Chairman of the Shadow Monetary Policy Committee. He Discusses the Current Financial Turmoil and the Reasons Behind It.

Another major talking point is gauging how closely a major recession might be upon us.

The first point I would make is that the events of the last few months are almost without precedent. We have to look back to the Great Depression...

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