Friday, Aug 10, 2007
Official - UK Economy is Stable
Yahoo News: Brown says economy is on firm footing
I always thought stable means it was level and consistant like a well balanced see-saw, not racing away like HPI or crashing like the FTSE. Even Gordon seems a little confused to what is really happening to the economy. More Interest Rate rises look likely, hardly the ideal footing for the economy to be stood on, I would have thought.
Posted by mattpascoe @ 03:03 PM (188 views) Add Comment
11 Comments
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1. planning4acrash said...
Well, this is about as comforting as the ECB pumping 0.15 trillion into the economy. Its a truism that things are probably quite bad if a politician feels that they have to stand up and publically support their actions and the economy.
2. waitingfor hpc said...
yeah and if you believe the opposite of this crook it would be about right!
3. Sold Out said...
poor old Gordon,looks like its all starting to unravel and no nu labour spin,statistics or smoke and mirrors is going to have any impact this time.I wonder if he will still be remembered as a great chancellor in a few years time,(or months even).Doesn't even look like he will be able to call a snap election in october the way things are going.
4. Bingo said...
Can anyone answer a quick question for me, I have been tracking Kensington for the last few months (just out of interest) and can't find a quote for them for the last few days. What has happened to their stock price. Have they withdrawn or something? The last I can see is for the 7th August, and then it just flat lines.
5. Onyerhike said...
Don't panic Ladies and Gentlemen - this ship is unsinkable !
6. paul said...
The title says "firm footing", the article and Crash Gordon say "we will try to maintain stability".
Big difference.
That's like responding to a crisis by saying "we won't commit ourselves to results, but when the sh^t hits the fan, we'll give ourselves an 8/10 for effort".
7. Tickockt said...
Phew what a relief!
Until Gordon popped up I thought that the Worlds Financial markets had blown up, but, If Gordon's on the side of stability, then that should be that. Right?
8. Matt said...
Don't panic Captain Manwaring,don't panic!!
9. Davidhpc said...
Bingo
Kensington were bought by a company called Investec and the deal went through this week, so listed under them now.
(wonder if they regret buying them now?)
10. uncle chris said...
Let me get this right - £1.3 trillion in debt is a firm footing. I must be particularly odd for believing that having no debt would be a firm footing.
11. harold said...
GB is just a sock puppet.