Thursday, Nov 05, 2009

Frankenstein economy set to crash as Quantative Resusitation starts to fail

Guardian: Zombie economy promises frights in store for us all

Neither alive nor dead, the UK economy staggering along courtesy of taxpayer billions, low interest rates and a short-term VAT cut is in Zombie Limbo Land. Artifical resuscitation has got little more than a twitch out of the corpse and even if Frankenstein's monster comes twitching back to life in the final three months of 2009, the outlook for 2010 is not good

Posted by enuii @ 09:16 PM (1074 views)
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1. mr g said...

I've started to have some respect for the Guardian recently as most of it's articles about the economy and housing market have actually looked at the situation realistically, in contrast to the cr*p put out by the Express.

Thursday, November 5, 2009 09:26PM Report Comment

2. fallingbuzzard said...

I think the general public might be getting it by now!

Thursday, November 5, 2009 11:50PM Report Comment

3. dbc reed said...

The Guardian is creating a niche for itself in these radical analyses of the economy which are not lost in technical detail like the FT's.The Guardian economics writers seem more confident in their opinions somehow and less given to needless qualification of statements made. This piece by Elliott is not as extreme (meaning good)as his previous piece on the American dream which contained a major denunciation of Homeownerist policy of offering house price rises instead of good wages as well as his more idiosyncratic attack on the joint stock company where he is out on his own at present but deserves more support.The Stock market is, lets face it ,a major irrelevance.Nobody is taking a blind bit of notice of what shares are doing at the moment.

Friday, November 6, 2009 12:00AM Report Comment

4. cat and canary said...

aint it funny, mr g, how the left and the right are all mixed up right now.

labour are being accused of supporting the rich

the conservatives are more vocal about curbing mega bonuses to the mega rich

now the guardian appears to be wading into labour

and the populus seem to be swinging to the right in order to knock out a left hand government for having too right handed financial policies!

im confused! :S

Friday, November 6, 2009 12:02AM Report Comment

5. paul said...

Two years on and the recovery is still six months away.

I think the UK's economists are starting to get the message ...

Friday, November 6, 2009 12:12AM Report Comment

6. letthemfall said...

I've always found the Guardian to be one of the better broadsheets. It seems the better journalists in general work for the Guardian if they can; it's a popular employee. It's analysis is usually of a high standard. If it is considered "left-wing" that is not out of dogma but more in contrast to the other predominantly Conservative-supporting papers. As dbc reed says, it provides the best economic analysis for the layman.

Friday, November 6, 2009 10:06AM Report Comment

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