Tuesday, May 12, 2009

Are we approaching the bottom?

Britain may be over worst of recession, OECD predicts

The Paris based OECD indicate that there is a slowing in the pace of the economic slowdown in the economies of the UK, France, Italy and China. The OECD's leading indicators are a basket of economic data that in the past have had a good record of showing economic turning points. Interestingly enough the US is showing no such trough, which is surprising as economists and myself always saw the US rising out of recession first.

Posted by denzil @ 08:23 PM (1256 views)
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5 thoughts on “Are we approaching the bottom?

  • last_days_of_disco says:

    More green shoots. Man oh man, denial denial denial.

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  • People are so quick to forget about the hundreds of billions that have been spent on this artificial growth, and think it’s a natural bottom……

    One big ‘effing joke!

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  • This is clearly all very good news. Allow me to explain how politicians spin the news:

    “Let’s say that a man attacks you in the street and hits you over the head with a baseball bat, one hundred times in a minute. Then he slows down. Is that a bad thing, or a good thing?”

    “We call it… New Truth”

    YouTube: “New Truth” – Monkey Dust

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  • The OECD are not independent. They are part of the government spin machine. They talk up house prices and the economy in general and make completely stupid claims. They recently produced analysis to show that the 2.5% cut in VAT is working and that it should be extended – what utter crap.

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  • I must admit, taht given how these recession things appear to be over within a matter of hours, it’s hardly worth worrying about them. Why bother talking about 244,000 new unemployed when ten minutes later everything is wonderful and they will all be gainfully employed again? Hardly worth going through the admin of setting up their social given how quickly this awful mess has been sorted out. Thank god for gordon and his thieving underlings. They have saved us all from disaster.

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