Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

U K No Longer The Miracle Economy But Goldilocks Economy

Recommended Posts

http://business.guardian.co.uk/story/0,,1865576,00.html

UK hailed as the new Goldilocks economy

· Britain is neither too hot nor too cold, says OECD

· Rich nations club revises growth forecast up to 2.8%

Ashley Seager in Paris

Wednesday September 6, 2006

The Guardian

Chancellor Gordon Brown
The chancellor, Gordon Brown. Photograph: AP
The British economy should take over the mantle of a "Goldilocks" economy from the US, the Organisation for Economic Cooperation and Development said yesterday as it sharply revised up its growth forecast for Britain this year.
The OECD's chief economist, Jean-Philippe Coitus, said the Goldilocks situation - where a country combines strong economic growth with low inflation and is neither too hot nor too cold - had traditionally been applied to the US in the late 1990s. "But in fact, without any fanfare, the UK has achieved this. It is a Goldilocks economy. It is in fact surprising how stable the UK economy has been. It is doing very well."
......../
Mr Coitus seemed relaxed about the US housing market, which is showing signs of a rapid cooling.
He pointed to the experiences of Australia and Britain where housing markets had cooled rather than crashed in response to higher interest rates over the past couple of years.
"The US economy needs to slow down below its long-term trend rate of growth and a cooling housing market is part of that."

Growth with low inflation. "Had cooled?" We haven't started cooling yet! :lol::lol::lol::lol::lol:

Edited by Realistbear

Share this post


Link to post
Share on other sites

http://business.guardian.co.uk/story/0,,1865576,00.html

UK hailed as the new Goldilocks economy

· Britain is neither too hot nor too cold, says OECD

· Rich nations club revises growth forecast up to 2.8%

Ashley Seager in Paris

Wednesday September 6, 2006

The Guardian

Chancellor Gordon Brown
The chancellor, Gordon Brown. Photograph: AP
The British economy should take over the mantle of a "Goldilocks" economy from the US, the Organisation for Economic Cooperation and Development said yesterday as it sharply revised up its growth forecast for Britain this year.
The OECD's chief economist, Jean-Philippe Coitus, said the Goldilocks situation - where a country combines strong economic growth with low inflation and is neither too hot nor too cold - had traditionally been applied to the US in the late 1990s. "But in fact, without any fanfare, the UK has achieved this. It is a Goldilocks economy. It is in fact surprising how stable the UK economy has been. It is doing very well."
......../
Mr Coitus seemed relaxed about the US housing market, which is showing signs of a rapid cooling.
He pointed to the experiences of Australia and Britain where housing markets had cooled rather than crashed in response to higher interest rates over the past couple of years.
"The US economy needs to slow down below its long-term trend rate of growth and a cooling housing market is part of that."

Growth with low inflation. "Had cooled?" We haven't started cooling yet! :lol::lol::lol::lol::lol:

I was wondering why an uber bear was posting a post that is, if anything bullish. Then I realised, he didn't understand the subject matter. Best stick to Adam and Eve, young earth boll*x theory, "inteligent creator" laughable so-called theory, etc.

Warmest regards,

NBNB :ph34r:

Share this post


Link to post
Share on other sites

http://business.guardian.co.uk/story/0,,1865576,00.html

UK hailed as the new Goldilocks economy

· Britain is neither too hot nor too cold, says OECD

· Rich nations club revises growth forecast up to 2.8%

Ashley Seager in Paris

Wednesday September 6, 2006

The Guardian

Chancellor Gordon Brown
The chancellor, Gordon Brown. Photograph: AP
The British economy should take over the mantle of a "Goldilocks" economy from the US, the Organisation for Economic Cooperation and Development said yesterday as it sharply revised up its growth forecast for Britain this year.
The OECD's chief economist, Jean-Philippe Coitus, said the Goldilocks situation - where a country combines strong economic growth with low inflation and is neither too hot nor too cold - had traditionally been applied to the US in the late 1990s. "But in fact, without any fanfare, the UK has achieved this. It is a Goldilocks economy. It is in fact surprising how stable the UK economy has been. It is doing very well."
......../
Mr Coitus seemed relaxed about the US housing market, which is showing signs of a rapid cooling.
He pointed to the experiences of Australia and Britain where housing markets had cooled rather than crashed in response to higher interest rates over the past couple of years.
"The US economy needs to slow down below its long-term trend rate of growth and a cooling housing market is part of that."

Growth with low inflation. "Had cooled?" We haven't started cooling yet! :lol::lol::lol::lol::lol:

'Mr Coitus'

are you making these newsflashes up.

Share this post


Link to post
Share on other sites

'Mr Coitus'

are you making these newsflashes up.

Sorry, couldn't resist it! The man is clearly a fool with his "Goldilock" analogy--if he is looking for an appropriate symbol of the sentiment on the street for Gordon's economy the 3 bears would be more appropriate.

"Just right.................................." :lol:

Rising unemployment, twin deficits, M4 out of control, raghing real inflation, private debt exceeding per capita US debt, bankruptcy industry booming, huge numbers of people priced out of buying a home, NHS in ruins. Just right? The man needs to have his name changed.

Share this post


Link to post
Share on other sites

I was wondering why an uber bear was posting a post that is, if anything bullish. Then I realised, he didn't understand the subject matter. Best stick to Adam and Eve, young earth boll*x theory, "inteligent creator" laughable so-called theory, etc.

Warmest regards,

NBNB :ph34r:

It was an exercise in Michael extraction. Too subtle for you I see. <_<

I presume when they have to break for a newsflash, they have an interruptus.

P.S. it would explain a lot if some of these were being made up.

No, just the substitution of the letter "i" for the "o" otherwise the article is intactus

Share this post


Link to post
Share on other sites

It was an exercise in Michael extraction. Too subtle for you I see. <_<

No, just the substitution of the letter "i" for the "o" otherwise the article is intactus

Jez - I only have time to skim read. You clearly have too much time on your hands. I've only been posting on here because i'm off ill from work, and taking the Michael out of the deluded is a way of passing the time. You've posted a whopping 7,000+ posts on here I see. Just think, if you had used that time more productively, you could have saved up for a deposit. No wonder you a rerelying on a crash.

Warmest regards,

NBNB :ph34r:

Share this post


Link to post
Share on other sites

Wasn't Goldilocks a thief? Pretty much like Nu Labour government!

I don't know about Goldilocks being a thief, but I can tell you that pretty soon people are going to realise they aren't in Kansas anymore.

Share this post


Link to post
Share on other sites

Jez - I only have time to skim read. You clearly have too much time on your hands. I've only been posting on here because i'm off ill from work, and taking the Michael out of the deluded is a way of passing the time. You've posted a whopping 7,000+ posts on here I see. Just think, if you had used that time more productively, you could have saved up for a deposit. No wonder you a rerelying on a crash.

Warmest regards,

NBNB :ph34r:

By posting on HPC I am not buyiong a house and saving money that way. :)

Seriously though, its been a quiet few months waiting for the next venture to get underway. Having gone mostly to cash for awhile, investment actioity has slowed to a crawl. Its been an odd summer and one where the usual rule of go away in May and return in October has not panned out. So far. Its an unpredictable and dangerous market out there IMO.

Share this post


Link to post
Share on other sites

By posting on HPC I am not buyiong a house and saving money that way. :)

Seriously though, its been a quiet few months waiting for the next venture to get underway. Having gone mostly to cash for awhile, investment actioity has slowed to a crawl. Its been an odd summer and one where the usual rule of go away in May and return in October has not panned out. So far. Its an unpredictable and dangerous market out there IMO.

Are you registered with Old Moores Almanac for seasonal signs of an HPC.

He's very good. Suggests winter may be cold this year.

Share this post


Link to post
Share on other sites

Goldilocks economy? before I read the post I assumed that it was Goldilocks cos it was a pretty pack of lies that only a small child would believe... ah well.

Share this post


Link to post
Share on other sites

He obviously hasn't seen the latest news on property from Aus and the US.

How do these people get into such influential positions?

They live in tall buildings made from Elephant tusks.

Share this post


Link to post
Share on other sites

http://business.guardian.co.uk/story/0,,1865576,00.html

The OECD's chief economist, Jean-Philippe Coitus, said the Goldilocks situation - where a country combines strong economic growth with low inflation and is neither too hot nor too cold - had traditionally been applied to the US in the late 1990s. "But in fact, without any fanfare, the UK has achieved this. It is a Goldilocks economy. It is in fact surprising how stable the UK economy has been. It is doing very well."

......../

Mr Coitus seemed relaxed about the US housing market, which is showing signs of a rapid cooling. He pointed to the experiences of Australia and Britain where housing markets had cooled rather than crashed in response to higher interest rates over the past couple of years. "The US economy needs to slow down below its long-term trend rate of growth and a cooling housing market is part of that."

[/indent]

Growth with low inflation. "Had cooled?" We haven't started cooling yet! :lol::lol::lol::lol::lol:

this HAS to be a wind-up!!!!!

with a surname like coitus :D ,you would expect him to be shafting a few people(like the UK!!)

..good old latin!,we love it!!!

Share this post


Link to post
Share on other sites
Guest Bart of Darkness
Jez - I only have time to skim read.

We'll bear that in mind when you post in future.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.