Friday, Jul 23, 2010
Anyone seen this today?
BBC News: UK economic growth jumps to 1.1%
That is great news for the lads here at HPC, after all, with our stores of gold, and hoards of cash, we can really make hay now... bring on the recovery!!
Posted by smiling @ 11:42 AM (2817 views) Add Comment
12 Comments
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1. cyril said...
great - now they can put interest rates up
2. Smiling said...
nice one Cyril!......it's all going to plan.
3. titaniccaptain said...
Don't get too excited cyril.........this may be as good as it gets for the recovery.
Our resident economist has this to say.
http://www.economicvoice.com/is-the-uk-economy-bouncing-back/50012055#axzz0uVUGmKNX
4. miken said...
Growth of 1.1% (blip) is pathetic when you consider the level of stimulus being applied.
It's all about brainwashing people into thinking we are well into a recovery when we are not.
The growth will be wiped out once the government makes it's long awaited austerity cuts in the autumn which will
significantly affect both public and private (fiat) companies who are funded by the public sector.
I'm not convinced of any link between GDP and house prices though.
I wonder why 'smiling' says it's great news for us...
Is he/she suggesting we all hoard cash and gold here?
People who have hoards of cash shouldn't buy overpriced assets which will fall in value.
5. techieman said...
It really is "out there"!
6. paul said...
The BBC misusing quotes again - the headline should read
UK economic growth 'jumps' to 1.1%
The ONS is working miracles again. Glory be and hallelujah we're saved etc.
7. timmy t said...
Paul - we all know what happens when you 'jump' - gravity kicks in and pulls you straight back down to earth with a bump.
8. matt_the_hat said...
The UK needs to 'grow' by 5% just to pay the inflation tax
9. hpwatcher said...
I am not really surprised. This was Gordon Brown's pre election bounce - it's all downhill from here.
10. Waitingforhpc said...
my company is growing at 10%, as we have rampant inflation so 1.1% sounds very very low indeed!
11. This comment has been removed as it was found to be in breach of our Blog Policies.
12. Crunchy said...
How can you have a boom when the olde one hasn't popped.
Naughty, naughty, it doesn't work like that. A baloon can only take so much hot air.
Some have their fingers crossed whilst others have them firmly in their ears.