loginandtonic Posted November 26, 2009 Share Posted November 26, 2009 front page of FT, no link yet - so does this mean his growth prediction everyone laughed at + then accepted is now back to being laughed at? Quote Link to comment Share on other sites More sharing options...
Errol Posted November 26, 2009 Share Posted November 26, 2009 Chancellor in 'Didn't see it coming' shock! Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted November 26, 2009 Share Posted November 26, 2009 Didnt he once say this was potentially the worse thing for 60 years? Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted November 26, 2009 Author Share Posted November 26, 2009 Chancellor in 'Didn't see it coming' shock! Didnt he once say this was potentially the worse thing for 60 years? they say a number of things dont they, depends if they've been reading hpc or not methinks Quote Link to comment Share on other sites More sharing options...
Errol Posted November 26, 2009 Share Posted November 26, 2009 Didnt he once say this was potentially the worse thing for 60 years? Yeah, he's finally recognised that it's worse. Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted November 26, 2009 Share Posted November 26, 2009 No green shoots? OH NOES! Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted November 26, 2009 Author Share Posted November 26, 2009 (edited) ft wont let me read any articles, says i have exceeded my 2 freebies a month, probably some cookie on my pc, but this is a screen capture of front page from a news review site says he's "to concede" i wonder if he's going to use that as an excuse for more printy printy Edited November 26, 2009 by loginandtonic Quote Link to comment Share on other sites More sharing options...
Trampa501 Posted November 26, 2009 Share Posted November 26, 2009 If he's allowed to publish his memoirs, I'd be very interested in reading them. He's probably the one guy in the cabinet I have any time for; he suffers from an urge to tell the truth. A major flaw in modern politics. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 26, 2009 Share Posted November 26, 2009 Maybe i'm stating the obvious. But: 1) Dont you want people running the country and actually have a clue ? 2) With something this big, obvious, destructive and potentially chaotic....wouldn't it be best to err on the side of....oh my god, it's going to be f**king horrendous...and plan for that scenario. Hey ho, what do I know. Quote Link to comment Share on other sites More sharing options...
oracle Posted November 27, 2009 Share Posted November 27, 2009 (edited) Maybe i'm stating the obvious. But: 1) Dont you want people running the country and actually have a clue ? 2) With something this big, obvious, destructive and potentially chaotic....wouldn't it be best to err on the side of....oh my god, it's going to be f**king horrendous...and plan for that scenario. Hey ho, what do I know. come on,it's called perception management.If they actualy told us the truth,we'd probably be quite cool.I think the above terminology could be somewhat toned down,but something along the lines of the following: yes we're aware that this downturn is rather more severe than usual,public sector expenditure is substantially higher than is desireable and we will rectify this in due course.Further diversification of the economy away from consumer spending and state apparatus is necessary" would suffice... but not.....erm,erm,hard working families,erm what recession,in real terms we've increased spending by xxx,erm hardworking families again,erm new government initiatives. when they start sticking up "keep calm and carry on" posters all over the place,it's time to panic. Edited November 27, 2009 by oracle Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 27, 2009 Share Posted November 27, 2009 (edited) come on,it's called perception management.If they actualy told us the truth,we'd probably be quite cool.I think the above terminology could be somewhat toned down,but something along the lines of the following: yes we're aware that this downturn is rather more severe than usual,public sector expenditure is substantially higher than is desireable and we will rectify this in due course.Further diversification of the economy away from consumer spending and state apparatus is necessary" would suffice... but not.....erm,erm,hard working families,erm what recession,in real terms we've increased spending by xxx,erm hardworking families again,erm new government initiatives. when they start sticking up "keep calm and carry on" posters all over the place,it's time to panic. 100% totally agree....I was errr....stating the obvious in the hope it might make people think....they should think exactly what you wrote. We make a good team Edited November 27, 2009 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted November 27, 2009 Author Share Posted November 27, 2009 http://www.lse.co.uk/FinanceNews.asp?shareprice=&ArticleCode=ggmyhp5biqk0fiq&ArticleHeadline=GlancePRESS_DIGEST__Financial_Times__Nov_27 Financial Times DARLING TO CONCEDE RECESSION WORSE THAN HE FORECAST Chancellor Alistair Darling will admit in next month's pre-budget report that the recession has been much deeper than he previously forecast. He is also expected to reveal that the economy contracted by 4.75 percent in 2009, at least one percentage point more than predicted in the budget. He is also likely to forecast output growth of 1 to 1.5 percent for next year, as he highlights signs of economic recovery ahead of a probable general election in May. Mr Darling remained reticent about the precise forecasts at Treasury questions in the Commons, though he did express a belief that 'we will see growth at the turn of the year'. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 27, 2009 Share Posted November 27, 2009 Recession 'is even worse than feared': Chancellor predicts steepest slump ever - Wail headline So the experts have been fooled or Labour has been lying and can no longer keep up the pretence. I'm so shocked I thought this jobless recovery had sorted everything out. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 27, 2009 Share Posted November 27, 2009 http://www.lse.co.uk...l_Times__Nov_27 Financial Times DARLING TO CONCEDE RECESSION WORSE THAN HE FORECAST Chancellor Alistair Darling will admit in next month's pre-budget report that the recession has been much deeper than he previously forecast. He is also expected to reveal that the economy contracted by 4.75 percent in 2009, at least one percentage point more than predicted in the budget. He is also likely to forecast output growth of 1 to 1.5 percent for next year, as he highlights signs of economic recovery ahead of a probable general election in May. Mr Darling remained reticent about the precise forecasts at Treasury questions in the Commons, though he did express a belief that 'we will see growth at the turn of the year'. well done the Bank of England....your forecasts are probably so much BS as well. Hike rates. bust a bank you know it will make sense. Quote Link to comment Share on other sites More sharing options...
Lander Posted November 27, 2009 Share Posted November 27, 2009 when they start sticking up "keep calm and carry on" posters all over the place,it's time to panic. They've already started, have you seen the one that appears in the new british gas advert? Quote Link to comment Share on other sites More sharing options...
lie to bet Posted November 27, 2009 Share Posted November 27, 2009 Didnt he once say this was potentially the worse thing for 60 years? He did and now he is saying it is worse than that. But he can still see 'growth at the end of the year.' Looks like he has most outcomes covered. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 27, 2009 Share Posted November 27, 2009 They've already started, have you seen the one that appears in the new british gas advert? great avatar! Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted November 27, 2009 Author Share Posted November 27, 2009 well done the Bank of England....your forecasts are probably so much BS as well. Hike rates. bust a bank you know it will make sense. looks like they have lost the plot totally Quote Link to comment Share on other sites More sharing options...
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