economic snowdown in london

Things are a bit chilly in london, the bus queues are long, the shops are closed, and many shall not reopen, as it is called an economic snowdown. After being paralyzed for a week, things are beginning to stir again, but as more wintry weather is forecast for later this week, we shall have to see.

My forecast is that economic conditions will get worse, yes a lot worse, as we more into 2009. It will affect more than just the megacapitals such a as london, paris, and rome. It shall truly be an economic snowdown.