Wednesday, January 26, 2011

I liked the comment: ‘let loose the printers of war…’

A shock and a salutary lesson

THE decline in Britain's fourth quarter GDP of 0.5% was a nasty shock for the markets (in the US, that figure would have been reported as an annualised 2%) and a reminder that economists are pretty hopeless at forecasting. Often, the most startling numbers are revised on second estimates - but it is hard to see how that can be turned into the expected 0.5% increase.

Posted by rental john @ 03:43 PM (703 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>