Realistbear Posted January 25, 2011 Author Share Posted January 25, 2011 Merv is standing on the balcony of the BoE giving the "V" sign for vigilance and smiling like a cheshire cat. Quote Link to comment Share on other sites More sharing options...
Patfig Posted January 25, 2011 Share Posted January 25, 2011 I run a retail business and I wholeheartedly agree. There has been no plan by the Torys bar slashing spending. It's an ideological crusade not an economic policy. Slash and hope. Slash and hope I like that , so apt. I am hoping our overseas customers will start to fill there boots as the pound falls of the cliff!! Quote Link to comment Share on other sites More sharing options...
or in excess of Posted January 25, 2011 Share Posted January 25, 2011 It's the snow then? A big swing then if it's gone minus. Don`t joke. They are actually blaming the snow. If that is the case, why then is this news "unexpected"? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 25, 2011 Share Posted January 25, 2011 Anyone watching odds on the coalition falling apart and an election taking place? How much have those odds just come down by??? Quote Link to comment Share on other sites More sharing options...
leicestersq Posted January 25, 2011 Share Posted January 25, 2011 Gilt yields are down. Clearly the market is impressed by the nations reduced ability to pay back the money borrowed? Quote Link to comment Share on other sites More sharing options...
Alan B'Stard MP Posted January 25, 2011 Share Posted January 25, 2011 Leaves on the line? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 25, 2011 Author Share Posted January 25, 2011 http://uk.finance.yahoo.com/news/Economy-suffers-shock-Q4-reuters_molt-1726973276.html?x=0 Economy suffers shock Q4 contraction in bad weather 9:37, Tuesday 25 January 2011 LONDON, Jan 25 (Reuters) - Britain's economy suffered a shock 0.5 percent contraction in the last three months of 20 10 after December's heavy snow took a far harsher toll than economists had forecast, official data showed on Tuesday. Its the snow what done it. If it was the weather why the shock? Games up--please present bill for lunch at till and pay up. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 Is there a word for negative growth combined with high inflation? Negflation? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 25, 2011 Share Posted January 25, 2011 BBC pumping it as the economy "shrank by 0.5% in the last quarter" Surprised they're not presenting it as 'a gradual gliding decline based on the weather, but high growth expected for the rest of 2011 based on economic fundamentals...' Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted January 25, 2011 Share Posted January 25, 2011 Oh no the miracle economy is faltering, better fire up the printing press... Quote Link to comment Share on other sites More sharing options...
Pole Posted January 25, 2011 Share Posted January 25, 2011 How to make a hpc cocktail: Create high inflation and mix it with ultra low interest rates then add some negative GDP and unemployment. At the end shake everything a little by raising IRs. Enjoy your hpc! Quote Link to comment Share on other sites More sharing options...
Lepista Posted January 25, 2011 Share Posted January 25, 2011 Has an economist ever made a correct guess?? If it was me in that job, I would be ashamed to have got it so wrong. Quote Link to comment Share on other sites More sharing options...
Constable Posted January 25, 2011 Share Posted January 25, 2011 So we're back in recession? Says a lot for Tory economic competence. There's going to be the need for a huge U turn on cuts and sadistic deficit slashing. Idiot. Now is the time to get a spine and see through the pain. HPC and everything. They should raise rates now and get it over and done with. Lefties always want to take the easy route. The don't understand basic economics. The day to repay never comes for those on the left. Quote Link to comment Share on other sites More sharing options...
Number79 Posted January 25, 2011 Share Posted January 25, 2011 Gilt yields are down. Clearly the market is impressed by the nations reduced ability to pay back the money borrowed? good news. If we could keep reducing the deficit then rates could be raised without gilt holders crippling us. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 25, 2011 Author Share Posted January 25, 2011 I wonder if the 2 GDP threads ough to be merged? Where is Masked Tulip when he is required? Quote Link to comment Share on other sites More sharing options...
Fudge Posted January 25, 2011 Share Posted January 25, 2011 Labour will say they passed on a recovering economy and it was Tory slash and burn that screwed it up. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 25, 2011 Author Share Posted January 25, 2011 I wonder if the 2 GDP threads ough to be merged? Where is Masked Tulip when he is required? Quote Link to comment Share on other sites More sharing options...
Number79 Posted January 25, 2011 Share Posted January 25, 2011 Why are the BBC reporting a contraction of 0.5% am I missing something? lmao," totally explained by the weather" Quote Link to comment Share on other sites More sharing options...
Constable Posted January 25, 2011 Share Posted January 25, 2011 Stagflation it is then. Printy printy. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted January 25, 2011 Share Posted January 25, 2011 Is there a word for negative growth combined with high inflation? Negflation? Stagflation. Also google the "misery index" for a good read. Quote Link to comment Share on other sites More sharing options...
Pole Posted January 25, 2011 Share Posted January 25, 2011 (edited) Ladies and gents, I give you: Wshaped recovery Edited January 25, 2011 by Pole Quote Link to comment Share on other sites More sharing options...
leicestersq Posted January 25, 2011 Share Posted January 25, 2011 good news. If we could keep reducing the deficit then rates could be raised without gilt holders crippling us. "Keep reducing the deficit". When did the deficit reduction start? I missed that bit completely. I have heard a lot of gas, a lot of ministers think that they have done the work already, but nothing has been done so far of any consequence. And yet the market is happy to lend money to the government at ever lower rates. I cant fathom it at all. Quote Link to comment Share on other sites More sharing options...
Number79 Posted January 25, 2011 Share Posted January 25, 2011 Where is Masked Tulip when he is required? Quote Link to comment Share on other sites More sharing options...
izzy Posted January 25, 2011 Share Posted January 25, 2011 (edited) Reuters We can all breathe a sigh of relief - it WAS the weather: Economists had only expected growth to slow to 0.5 percent after 0.7 percent growth in the third quarter, though uncertainty over the impact of December's snow disruption meant the range of forecasts was wide, ranging from 0.1 to 0.6 percent. Edited January 25, 2011 by izzy Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted January 25, 2011 Share Posted January 25, 2011 Has an economist ever made a correct guess?? If it was me in that job, I would be ashamed to have got it so wrong. Independent ones regulary do. You don't sound so cynical when Andrew Sentance talks though? Quote Link to comment Share on other sites More sharing options...
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