UK facing 'Sober' decade, warns Bank of England Governor Mervyn King Photo: REUTERSAlluding to the "Non-Inflationary Consistently Expansionary" [NICE] decade just passed and coining a new acronym to describe the years ahead, he warned: "The next decade will not be nice. History suggests that after a financial crisis the hangover lasts for a while. So the next decade is likely to be a 'SOBER' decade – a decade of savings, orderly budgets, and equitable rebalancing... A sober decade may not be fun but it is necessary for our economic health."
via telegraph.co.uk
No more alco-pops people...
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