Monday, Nov 09, 2009

Attached to headline figures

BBC News: City Diaries

From the third contributor, Stephen: "Focus on positive "growth" in headline figures means that growth of any kind and any quality will do. No need to understand exactly what that growth involves. Just keep the numbers climbing and throw money at it if we have to. When growth is not positive, we believe we are being deprived. So if the numbers stop climbing, then we just print money to make the fandango continue ... In the West, growth in the mid-part of this decade was increasingly removed from the basic underpinnings of life. It was more about house prices than house quantities and more about the "service economy" and consumption than making hard goods."

Posted by wanderinman @ 04:07 PM (690 views)
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1. mr g said...

Pity that the majority of the City and the sheeple don't think the same as Stephen.

Monday, November 9, 2009 04:51PM Report Comment

2. cynicalsoothsayer said...

I don't have any qualms about growth where it is earned through hard work or intelligence. We haven't even started bailing much of the BTL or commercial crowd; I doubt Gordon and Badger will last that long.

Monday, November 9, 2009 07:24PM Report Comment

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