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Guest KingCharles1st

Bbc Ramping Today's Gp Figure Release At 9.30

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09Q2 out ages ago at -0.8% - is this the revised figure expected at 9:30?

they were talking about GDP being positive for Q3 already...course, thats easy.

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Guest KingCharles1st
09Q2 out ages ago at -0.8% - is this the revised figure expected at 9:30?

Yes- I was having trouble aligning the graph and the news.

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Conclusion - the BBC news team are mentally deficient.

More likely, the BBC news team are under orders and dishonest.

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It's the negative recovery.

Yeh its like antimatter in Star Trek. We have the recovereh, and the anti-recovereh!

Respect my anti-recovereh!

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Only Brown's Bull$h1t Corporation could put a positive spin on -0.7% per quarter!

Aren't we borrowing 12% of GDP a year in an effort to prop up the GDP?

So that's -3.7% 'growth' per quarter growth then.

Epic failure :angry:

Edited by muggle

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Aren't we borrowing 12% of GDP a year in an effort to prop up the GDP?

You have just highlighted the problem for Brown, clearly he hasn't borrowed enough. If only he'd got Balls in No11 these GDP figures would be positive by now.

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Guest happy?

Everyone whose evidence doesn't support my prejudices is a liar or in the pocket of a bigger liar.

There - explanation sorted.

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Only Brown's Bull$h1t Corporation could put a positive spin on -0.7% per quarter!

Aren't we borrowing 12% of GDP a year in an effort to prop up the GDP?

So that's -3.7% 'growth' per quarter growth then.

Epic failure :angry:

No, no. No. No!

-0.7 per quarter means growth!

This is good news, read my sig, xcojo explained it to me...

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I think this is fascinating - I really couldn't believe it when I read the BBC and Guardian reports (Guardian takes the same line as BBC about this being a real positive.

http://www.guardian.co.uk/business/2009/au...on-gdp-revision

Just to recap, analysts expected -0.8 and the result was -0.7.

I can't help wondering that if the pundits had been expecting -0.6 and the result was -0.7 then would it have been portrayed as a calamity?

This is a perfect example of the papers trying to make a story out of nothing. What the articles should say is the result was -0.7 which was roughly in line with analysts expectations.

This kind of journalism is really disturbing.

(edited for missing minus sign)

Edited by catmandu

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