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gruffydd

British Recession Is Over - Reuters

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http://uk.reuters.com/article/topNews/idUKTRE55705L20090608

LONDON (Reuters) - The recession in Britain is over for now, a slim majority of economists said in a poll published by the Financial Times on Monday.

The newspaper said 11 of 20 economists surveyed believed the economy had stopped contracting in June and was likely to start growing in coming months, while those who said the economy was still shrinking thought the bottom of the downturn was near.

Edited by gruffydd

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http://uk.reuters.com/article/topNews/idUKTRE55705L20090608

LONDON (Reuters) - The recession in Britain is over for now, a slim majority of economists said in a poll published by the Financial Times on Monday.

The newspaper said 11 of 20 economists surveyed believed the economy had stopped contracting in June and was likely to start growing in coming months, while those who said the economy was still shrinking thought the bottom of the downturn was near.

:blink:

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I thought we needed a Quarter of GDP growth to declare the recession over, not a bunch of chin strokers, (some of whom) think we might have had one positive month?

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We shall see, but given that the same group probably didn't predict the event they're now saying is over, I ain't holding my breath.

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Do we need 2 consecutive quarters of contraction for a recession to be declared but only 1 quarter to be positive for growth to return and the recession declared over?

The economists are guessing as usual and the debt remains.

Until the debt is reduced I won't be convinced we are moving forward.

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Lol.

You guys are just so fixated on your outcomes you refuse to believe reality when it smacks you in the face.

The economy is on life support:

1. Interest rates are at multi century lows

2. The government is spending money to support the economy

3. The pound has hugely devalued creating a one off competitive advantage.

If you think that these events are not going to change reality then you are nuts!

Instead of being fixated on your certain doom and gloom outcomes happening this month or even next year you need to look further out and wonder what the ****** happens later.

Meanwhile with a massive shot of adrenaline the patient is actually up and running around the ward kissing nurses

Deal with it. But then what happens?

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You guys are just so fixated on your outcomes you refuse to believe reality when it smacks you in the face.

The economy is on life support:

1. Interest rates are at multi century lows

2. The government is spending money to support the economy

3. The pound has hugely devalued creating a one off competitive advantage.

If you think that these events are not going to change reality then you are nuts!

Instead of being fixated on your certain doom and gloom outcomes happening this month or even next year you need to look further out and wonder what the ****** happens later.

Meanwhile with a massive shot of adrenaline the patient is actually up and running around the ward kissing nurses

Deal with it. But then what happens?

Sounds like crank.

I've said before that there are too many vested interests to allow total system collapse and they will rig the system if need be. They will do everything they can to keep the illusion going.

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Meanwhile with a massive shot of adrenaline the patient is actually up and running around the ward kissing nurses

Deal with it. But then what happens?

Well, exactly.

Under the circumstances, it's reasonable to challenge the doctors who claim, "He's recovered!". Particularly where they missed the diagnosis.

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Deal with it. But then what happens?

nothing. not until we are a couple of decades out closer to the genuine periods when demographic changes or peak oil or one of those things forces a genuinely radical rethink, that's if innovation doesn't come to the rescue before then.

we just keep kicking the can down the road, relying on monetary policy, a bit of fiscal policy, some innovation, animal spirits and the the rebuilding of confidence to drive growth after this blip.

why be worried about something that can be ironed out ?

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You guys are just so fixated on your outcomes you refuse to believe reality when it smacks you in the face.

The economy is on life support:

1. Interest rates are at multi century lows

2. The government is spending money to support the economy

3. The pound has hugely devalued creating a one off competitive advantage.

If you think that these events are not going to change reality then you are nuts!

Instead of being fixated on your certain doom and gloom outcomes happening this month or even next year you need to look further out and wonder what the ****** happens later.

Meanwhile with a massive shot of adrenaline the patient is actually up and running around the ward kissing nurses

Deal with it. But then what happens?

Except the debt is massive. And its growing. Take away the £175 billion of extra spending we've had this year and lets see how much of a recovery we really have. Its called a pre election bounce, and its completely unsustainable unless your a delusional economist who pretends debt is wealth. Its not.

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Guest DissipatedYouthIsValuable

Behold and witness the Mighty Recovereh!

The Recovereh does not falter in the face of debt, declining salaries, unemployment, reduced global demand and house prices at absurd multiples.

Do not question the Powah of the Recovereh!

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+1

But this does not make sense. If we are not moving forwards now with everybody out pushing then we never will be moving forwards, but we can only push for so long and we need the engine to restart before our efforts are exhausted.

To deny that events are changing and we are no longer plummetting into the abyss makes no sense and probably we can get out before the gravitational forces suck us back to distruction but we are still not able to move outwards without artificially created power that is draining power away from other systems that we need to maintain a stable position.

The fact is for now, the commanders changes have stabilised our ship or at least this is possible. Even if we are still descending to distruction we are not descending as quickly. So we have more time to restart the engines.

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You guys are just so fixated on your outcomes you refuse to believe reality when it smacks you in the face.

The economy is on life support:

1. Interest rates are at multi century lows

2. The government is spending money to support the economy

3. The pound has hugely devalued creating a one off competitive advantage.

If you think that these events are not going to change reality then you are nuts!

Instead of being fixated on your certain doom and gloom outcomes happening this month or even next year you need to look further out and wonder what the ****** happens later.

Meanwhile with a massive shot of adrenaline the patient is actually up and running around the ward kissing nurses

Deal with it. But then what happens?

overdose and death possibly

or they could get the dosage just right

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Behold and witness the Mighty Recovereh!

The Recovereh does not falter in the face of debt, declining salaries, unemployment, reduced global demand and house prices at absurd multiples.

Do not question the Powah of the Recovereh!

hurrah!

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1. Interest rates are at multi century lows

Only BoE base rates, new FTB mortgages are around the level when I bought in 1997 (@3.55%).

2. The government is spending money to support the economy

The government is borrowing and printing and multi-century highs, this will push up interest rates coincident with record debt levels and a population past its peak earning potential.

3. The pound has hugely devalued creating a one off competitive advantage.

Looks about average for the last 10 years. It goes up, it goes down.

pound-daily.gif

If you think that these events are not going to change reality then you are nuts!

Its a big distortion so will change reality, I dont know what the change is but I dont think its going to be good.

Instead of being fixated on your certain doom and gloom outcomes happening this month or even next year you need to look further out and wonder what the ****** happens later.

Meanwhile with a massive shot of adrenaline the patient is actually up and running around the ward kissing nurses

Deal with it. But then what happens?

Relocation to the poor house?

VMR.

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The fact is for now, the commanders changes have stabilised our ship or at least this is possible. Even if we are still descending to distruction we are not descending as quickly. So we have more time to restart the engines.

An engine, yesterday:

broken_bike.jpg

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overdose and death possibly

or they could get the dosage just right

Unless they cure the pre-existing need for constant blood transfusions and dialysis (from foreign donors who are getting dubious about providing these services endlessly) then the patient won't get better.

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You guys are just so fixated on your outcomes you refuse to believe reality when it smacks you in the face.

The economy is on life support:

1. Interest rates are at multi century lows

2. The government is spending money to support the economy

3. The pound has hugely devalued creating a one off competitive advantage.

If you think that these events are not going to change reality then you are nuts!

Instead of being fixated on your certain doom and gloom outcomes happening this month or even next year you need to look further out and wonder what the ****** happens later.

Meanwhile with a massive shot of adrenaline the patient is actually up and running around the ward kissing nurses

Deal with it. But then what happens?

Fear not Bears,massive debts,QE,record low interest rates.Classic W recession scenario.

A bit of growth mainly from companies who ran inventories too low and interest rises to counter the inflation.Consumers strangled again.Wage growth minus.We go back into recession and thats when the HPC really happens.Thats capitulation,thats when you get in.

Even if by some miracle we see sustained growth House Prices will lag 12 months behind.Unemployment is still going higher.

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