Tuesday, Jul 07, 2009
Woops - maybe some duff shoots still there
The Times: Shock factory output fall dents recovery hopes
Just when the bulls were having it all their way. A sharp reminder. Silly Spring is over...
Posted by growler @ 10:11 AM (581 views) Add Comment
5 Comments
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1. Cheekie Charlie said...
I see the media can't manipulate interest rates to be lowered so the're going for the QE!
2. mark wadsworth said...
What "shock"? Is this a surprise to anybody? About half the world economy has been doing a 'cartoon character who has run off a cliff-edge and not realised it yet' type growth for at least five years.
Why are people yapping on about 'possible double-dip recession'? We're still on the first downswing and so we haven't even finished the first 'dip' yet.
3. growler said...
Indeed: With the Wily Coyotes twin in No 10.
BBC has a good section on the last three recessions - for a change - http://news.bbc.co.uk/2/hi/business/8127248.stm
4. house said...
Why are people expecting things to change. Why don't they just accept that this is the future and that the "funny" money is no longer available. Anyone with any common sense would realise that. But the BCC (British Chambers of Commerce) said that the worst of the recession is over but unemployment will continue to rise to 3.2m. I cannot understand the contradiction in their comments. Can someone enlighten me on this.
5. techieman said...
mark 'cartoon character who has run off a cliff-edge and not realised it yet' - im sure i saw someone talking like this on a video the other day, but i cant for the life of me think who it was - it may have been John Williams of Shadow stats - out of interest where are you quoting from. (its gonna bug me if i dont find out!)