Wednesday, January 7, 2009

Outlook described as ‘difficult’

Darling in new alert on depth of recession

Alistair Darling warned on Tuesday that Britain was “far from through” the recession, in a clear signal that he will have to abandon the government’s forecast that the recovery would start in the second half of this year.

Posted by gardeniadotnet @ 07:17 AM (1198 views)
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12 thoughts on “Outlook described as ‘difficult’

  • Eternal Sceptic says:

    Maybe he has just waded through all the spin, thrown away the sophisticated computer models, and finally seen the nightmare reality of what the policies of his, and other western governments, have achieved. A situation getting perilously close to Armegeddon.

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  • gardeniadotnet says:

    Mr Darling said that if rates fell close to zero, the central bank and Treasury would have to work “hand in hand”, since any operations by the Bank of England to print money would have to be authorised by him.

    His stance will disappoint many at the central bank who wanted to be given authority by the Treasury to operate quantitative easing – creating money to buy assets – within parameters agreed in advance.

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  • gardeniadotnet says:

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  • Incredible how he’s had to withdraw his ‘1/2 way through 2009 recovery’ statement so quickly.

    Frankly surprised anyone who should know about economics was daft enough to make it in the first place.

    Perhaps Mr. Brown made him say it so he didn’t still look the stupidist.

    I wonder if he threatened him with a Chinese Burn, or maybe took his marbles away.

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  • Alistair Darling warned on Tuesday that Britain was “far from through” the recession, in a clear signal that he will have to abandon the government’s forecast that the recovery would start in the second half of this year.

    Drip, drip, drip flows the bad news feed through the babies teat.
    Alistair, the babies full and now needs winding!

    Tell it how it really is.
    Drop to zero interest rates, print money like there is no tommorow. force banks to lend by gun point, bailout M&S and every other too large and fat to fail company, employ loads of the jobless to steam bubble gum off the uneven streets we trip on, Keep house prices up that are destroying disposable income which the economy needs… blah blah blah so we can all turn the lights out and get the hell out of here.

    Please hurry, this is just too agonizing for adults that have any hope for a future sustainable recovery.

    Alistair, please direct me to la la land!

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  • 5. crunchy said…

    “Tell it how it really is.
    Drop to zero interest rates, print money like there is no tommorow. force banks to lend by gun point, bailout M&S and every other too large and fat to fail company, employ loads of the jobless to steam bubble gum off the uneven streets we trip on, Keep house prices up that are destroying disposable income which the economy needs… blah blah blah so we can all turn the lights out and get the hell out of here.”

    Spot on. What a farce.

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  • All because of banks that are too big to function not fail.

    The banks are sucking the life out of us and NuLabour are doing all that they can to pump crap into our blood stream to maintain the status quo.

    There is a word for that!

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  • A jury too often has at least one member who is more ready to hang the panel than the traitor. — Abraham Lincoln (1809-1865)

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  • THE SAVERS ARE THE BANKS!

    What a paradox we live in. A land where the vicious cycle of ever growing capitalism destroys everything in its path untill there is nothing left. NOTHING!!

    Rant finally over.

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  • Crunchy. You are letting your Malct persona show through again!

    Agree with your comments @ 6 though.

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  • 11. p. doff Sometimes I get a little angry. This pussy footing around is just insulting to me.

    Malc persona? Another Mr Angry no doubt.

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