R K Posted November 14, 2012 Share Posted November 14, 2012 http://www.youtube.com/watch?v=9B7ldANwudI&feature=share&list=PLEDD041C5AE0BC85A Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted November 14, 2012 Share Posted November 14, 2012 If I ever meet him, I would Yin him by the Yang Quote Link to comment Share on other sites More sharing options...
R K Posted November 14, 2012 Author Share Posted November 14, 2012 If I ever meet him, I would Yin him by the Yang You're unlikely to meet him in the near term, but on track to meet him over the two year target period Quote Link to comment Share on other sites More sharing options...
Errol Posted November 14, 2012 Share Posted November 14, 2012 You're unlikely to meet him in the near term, but on track to meet him over the two year target period No, surely the meeting would be planned for some date in the future but would never actually happen. Quote Link to comment Share on other sites More sharing options...
JimDiGritz Posted November 14, 2012 Share Posted November 14, 2012 You're unlikely to meet him in the near term, but on track to meet him over the two year target period Very good! Quote Link to comment Share on other sites More sharing options...
zugzwang Posted November 14, 2012 Share Posted November 14, 2012 These guys couldn't do worse than King Clown, that's for sure. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted November 14, 2012 Share Posted November 14, 2012 Zigging and zagging are what drunk drivers do just before they plough into a tree, right? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 14, 2012 Share Posted November 14, 2012 http://blogs.telegraph.co.uk/finance/jeremywarner/100021294/bank-of-england-foresees-persistently-low-growth/ Here are the main points to be drawn from today's Inflation Report and accompanying Bank of England press conference.The biggest one was the Bank of England's admission that the UK economy may be in a period of persistently low growth. This might seem like a statement of the bleedin' obvious, but it's not something the Bank of England's Governor, Sir Mervyn King, has been prepared to concede before. He's about to leave so he can admit it now. Although a period of persistently low growth is a major problem as the govt spending is based around ever expanding growth. Quote Link to comment Share on other sites More sharing options...
R K Posted November 14, 2012 Author Share Posted November 14, 2012 Chris Giles' blog on whether Osborne's £37bn raid on QE coupons is more QE or not. http://blogs.ft.com/money-supply/2012/11/14/how-loose-is-uk-monetary-policy/#axzz2CCrGnwaW Merv seems to be sticking to the £375bn figure but accepting that it's the equivalent of £37bn additional asset purchases over 10 months. Confused? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted November 14, 2012 Share Posted November 14, 2012 http://blogs.telegra...tly-low-growth/ He's about to leave so he can admit it now. Although a period of persistently low growth is a major problem as the govt spending is based around ever expanding growth. Govt spending on an unprecedented scale is the only reason there's been any growth at all. Much more to come from December 5th. Austerity? Bwahahaha!! Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted November 14, 2012 Share Posted November 14, 2012 It reads like they are throwing in the towel. Persistant inflation with triple dip looming! Then maybe a small recovery, and quadruple dip? When is return to 2007 expected? Ok so it's about this time the retailers' will start saying this Christmas will dire, only to reveal fantastic numbers in the new year! Quote Link to comment Share on other sites More sharing options...
campervanman Posted November 14, 2012 Share Posted November 14, 2012 The UK has chosen high inflation + high house prices. Thats what happens when you swallow the save the pound sh1t. Quote Link to comment Share on other sites More sharing options...
jfk Posted November 14, 2012 Share Posted November 14, 2012 These guys couldn't do worse than King Clown, that's for sure. I used to love zig and zag, watching them on the big breakfast (when it was quite funny). Good times. Quote Link to comment Share on other sites More sharing options...
billybong Posted November 14, 2012 Share Posted November 14, 2012 (edited) And it's time for a proper measure of employment that takes into account the number of part time and temporary workers - rather than just saying the number of people employed has increased. Perhaps it should be called something like the real employment factor or something similar. For example if someone works 50% of full time hours then in the statistics that should be accounted in the employment figures as one 1/2 of a worker. If they work 33% of full time hours then that should be accounted in the employment figures as 1/3 of a worker. Edited November 14, 2012 by billybong Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted November 14, 2012 Share Posted November 14, 2012 (edited) So by 'doing something' instead of doing nothing and letting the invisible hand of the free market do it's work for us, the politicians and Bank of England have probably condemned this country to years of low or non-existant growth much like Japan for the last 20 years. Worse than that, now we're going to be properly cored out economically. These meddling sumbags think they;ve dodged the bullet, but they've gone and shot the rest of the popualtionand they don't even know it yet. It'll take these cretins years to work it out. Look at the state of some of Japan's companies now - they've destroyed the creation of new ones by pricing them out and now many of the big ones are scrambling to cut costs again, a lot of them moribund goliaths that have basically fed on cheap money to maintain their market share and squeeze out local competition. Edited November 14, 2012 by OnlyMe Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted November 14, 2012 Share Posted November 14, 2012 Not even David Smith believes the crap any more. http://www.economicsuk.com/blog/001776.html Quote Link to comment Share on other sites More sharing options...
acharmlessman Posted November 14, 2012 Share Posted November 14, 2012 So basically it's taken him five years to figure out there will be no recovery in the foreseeable future. And how much are we paying him? He says "there are good reasons to suggest we are travelling in the right direction" but unsurprisingly fails to mention what they are. Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted November 14, 2012 Share Posted November 14, 2012 (edited) Chris Giles' blog on whether Osborne's £37bn raid on QE coupons is more QE or not. http://blogs.ft.com/money-supply/2012/11/14/how-loose-is-uk-monetary-policy/#axzz2CCrGnwaW Merv seems to be sticking to the £375bn figure but accepting that it's the equivalent of £37bn additional asset purchases over 10 months. Confused? No, it's more QE. Don't listen to others, just use your brain. Besides, we had a major barny about it here yesterday. Why go elsewhere, and if you are gonna go elsewhere, why tf would you go to the mouth of Merv? Edited November 14, 2012 by Sledgehead Quote Link to comment Share on other sites More sharing options...
zugzwang Posted November 15, 2012 Share Posted November 15, 2012 So basically it's taken him five years to figure out there will be no recovery in the foreseeable future. And how much are we paying him? He says "there are good reasons to suggest we are travelling in the right direction" but unsurprisingly fails to mention what they are. There's only one positive: the markets haven't yet called time on the UK's fiscal extravagance. Which means Osborne can do lots more spending! Perhaps he'll call it Prosperity this time rather than Austerity? Get Gordon Brown back as a spad to the Treasury? As for the rest of King's speech, it's still littered with phrases like 'equilibrium' and 're-balancing'. And yet again he's blaming the rest of the world for recovery's non-appearance - those troublesome exogenous factors for which his model of the macroeconomy cannot account. But what if the economy isn't fundamentally equilibrium seeking and sustaining? What if the economy can be driven so far from its normal growth regime by Ponzi actors that only a default will restore it to stability? Quote Link to comment Share on other sites More sharing options...
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