rantnrave

Gdp Negative

213 posts in this topic

I can hear it now... double-dip, double-dip, double-dip, double-dip, double-dip, double-dip...

A little bit of honesty about the economy and how GDP works wouldn't go a miss.

Of course, this is only the initial figure.

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Unexpected ?

.. but of course... negative is always "unexpected",

+0.1% was the expected..

so now we await the excuses.

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yippie, more QE!

I've always said £500 bn by the end of the year ... if this figure is reached then Merv will no doubt get a bonus; Baron Merv

The negative gdp is due to the good weather and other factors outside the government's control.

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so now we await the excuses.

Excuses already coming thick 'n' fast on 5live...

Excuse #1: these Gdp figures clearly can't be trusted any more

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At least we are a triple AAA safe haven.

As long as the BOE is prepared to borrow money from the BOE to make the interest payments on other money borrowed from the BOE, or economy is in perfect working order.

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And we have set ourselves up for a negative Q2 by bring forward buying 2 weeks worth of petrol/diesel into Q1.:lol:

Given the BoE's earlier comments about construction numbers being strange in Q1 we may see revisions upwards.

Edited by koala_bear

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I think it's time I stopped following politics and the economy. I am getting visions of Ed Balls and Yvette Cooper acting inappropriately on a table in some office.

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Excuses already coming thick 'n' fast on 5live...

Excuse #1: these Gdp figures clearly can't be trusted any more

Bloke talking now is in denial that we are in recession at all. <_<

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Utterly meaningless figures when the BoE is printing 100bn/year and the government is borrowing 200bn/year!

But will impact sentiment.

The question is whether the BoE can get away with more QE. I think not.

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