Wednesday, Feb 03, 2010
No green shoots here.
Yahoo: Recovery falters in January snow
Heavy snow and a rise in sales tax led to an unexpected slowing in Britain's service sector last month, but investors stuck with bets the Bank of England would halt its pro-growth quantitative easing programme this week.
Posted by mr g @ 03:37 PM (421 views) Add Comment
5 Comments
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1. inbreda said...
BS excuses
2. Alfredo said...
Even the City of in Bloom, Bath cant avoid the lack of green shoots, interesting read
http://www.thisisbath.co.uk/news/Helphire-staff-braced-jobs-blow/article-1800025-detail/article.html
Yet Brown is talking about creating jobs, better work quick Gordon, to keep up with the losses.
3. fallingbuzzard said...
Weather-adjusted CIPS/Markit services PMI index was up to 99.9 in January! Buy tinned beans now, only 30p!
4. freemanphil said...
This is a joke, right? Blaming SNOW for a massive underestimation of UK GDP. But GDP is a fraud, because it includes government spending. We should only use private production when measuring GDP, because all government spending is unproductive relative to what consumers would pay for, and all public activity is at the expense of private activity, because it is paid for by the private sector via taxation and inflation.
5. fallingbuzzard said...
These surveys are sadly nonsense since they are not adjusted for the incompetence and lack of knowledge of the people that fill them out.