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Mervyn King said today that we SHOULD avoid a double dip recession. That, to me, means it`s a certainty.

well of course we SHOULD, but does he think that we will?

tim

Edited by tim123

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Mervyn King said today that we SHOULD avoid a double dip recession. That, to me, means it`s a certainty.

Because they will adjust the figures so that we didn't actually leave the first dip.

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Because they will adjust the figures so that we didn't actually leave the first dip.

Yep, just give us a +0.1 growth then correct them down the following quarter when nobody is watching.

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To slightly misquote someone else on HPC (apologies I can't remeber who):

It is NOT a double dip, it is a massive single dip with printed money dropped on to the slope to give the impression of a recovery.

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Guest sillybear2

We never came out of recession Merv you dipsh*t. GDP is overstated thanks to your funny money and Zirp, and your inflation figures are a joke.

The economy is shrinking in real terms.

Yup, that's why the unemployment figures are so horrific, especially when it comes to generating jobs for school leavers and graduates.

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Judging by the BoE past predictive record it's odds on we'll have a double dip.

The only think Mystic Prat has called correctly is getting the BoE to move it's pension fund into a inflation hedge. He seems quite good at creating inflation.

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King is a liar. He's known all along that the UK is in terrible trouble and that's why he's allowed QE and the inflation. Why the hell is he still in office?

Edited by Xurbia

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Guest sillybear2

Yes, totally unexpected of course!

It looks like shoveling endless free money at a bunch of crooks in The City doesn't generate real growth or broad-based employment. However, it does seem like an ideal way to generate stagflation, so one for the textbooks. I guess a decadent rentier state where people monopolise assets and speculate on the price of mars bars was enviable before a final collapse.

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Mervyn King said today that we SHOULD avoid a double dip recession. That, to me, means it`s a certainty.

Is that one of his predictions for the medium term or for 2 years time or for some other time frame. His predictions on the economy are as credible as his predictions on inflation. Zero credibility.

That's not to say that he might just be right but if he is right it will be a total fluke.

Nostradamus he isn't, not by a long chalk.

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To slightly misquote someone else on HPC (apologies I can't remeber who):

It is NOT a double dip, it is a massive single dip with printed money dropped on to the slope to give the impression of a recovery.

couldn't agree more...

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Guest sillybear2

Is that one of his predictions for the medium term or for 2 years time or for some other time frame. His predictions on the economy are as credible as his predictions on inflation. Zero credibility.

That's not to say that he might just be right but if he is right it will be a total fluke.

Nostradamus he isn't, not by a long chalk.

You'd get more insightful forecasts out of a magic 8 ball. This time last year they said inflation would now be 1%, today he said it will soon breach 5%.

We need to collectively wise up and realise that neither a committee of clowns nor a committee of PhD's are able to accurately predict anything, so using them to make policy is one giant folly. If only Paul the Octopus was still with us, he'd know that 2 years of ultra low rates and QE can only mean one thing.

Edited by sillybear2

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You'd get more insightful forecasts out of a magic 8 ball. This time last year they said inflation would now be 1%, today he said it will soon breach 5%.

We need to collectively wise up and realise that neither a committee of clowns nor a committee of PhD's are able to accurately predict anything, so using them to make policy is one giant folly. If only Paul the Octopus was still with us, he'd know that 2 years of ultra low rates and QE can only mean one thing.

Shame that Paul the Octopus has passed away, he would have been a far better governor of the BoE. At least he couldn't have been any worse than the current incumbent and far cheaper.

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King is a scared little bureaucrat, an apologist for a system that is out of control.

We need a BoE governor who is decisive and can shape events.

He claims that ... Inflation due to weak pound ... yet he does not see ZIRP as a factor - does he not understand basic FX economics ?

He is indeed a buffoon - and will go down in history as having presided over a cataclysm.

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Mervyn King said today that we SHOULD avoid a double dip recession. That, to me, means it`s a certainty.

I wouldn't believe King if he told me that the sun would come up tomorrow.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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