Monday, Oct 07, 2013

Proof That The Propaganda Is Working.

Thisismoney: Business optimism in the City hits highest level since 1996 as green shoots of economic recovery continue to grow

A chart clearly showing that the CBI business optimism chart has no relationship to reality. Wishful thinking that we were in the promising days of 1996 when OASIS ruled the charts and people drove Ford Escorts.
Banks, building societies and other financial services firms are the most optimistic about their business prospects for 17 years a report revealed today.
The CBI/PwC Financial Services Survey found optimism in the sector surged in the three months to the end of September amid signs of a strengthening economic recovery across Britain.
It said 59 per cent of City firms reported feeling more optimistic about their future prospects, compared to only 6 per cent which were less optimistic, giving a balance of 53 per cent - the highest reading since December 1996.

Posted by khards @ 10:49 AM (2118 views)
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12 Comments

1. phils said...

And 1996 was just before the start of the last housing boom.

Monday, October 7, 2013 11:44AM Report Comment
 

2. will said...

As the economy continues to fall, the banks can only 'look on the bright side'. Sorry banks, but wages have not kept up with CPI so houses remain just as un-affordable as in 2007 for 99% of us.

Monday, October 7, 2013 11:51AM Report Comment
 

3. mark wadsworth said...

I await our usual sunny optimists to dispell the gloom.

"Stop sitting on the sidelines" they shout "You're missing out on the fun!"

Well excuse me, how is going out to work, raising your kids, paying rent etc "sitting on the sidelines"?

Do the "Priced out" not play their part in the recovery?

Monday, October 7, 2013 12:14PM Report Comment
 

4. timmy t said...

Wrong title - should say "Thisismoney: Business optimism in the City hits highest level since 1996 as investors realise ZIRP and QE are the new norm"

Monday, October 7, 2013 12:47PM Report Comment
 

5. alan said...

MW,
Green shoots ahoy! "You're missing out on the fun!"

...and what's more the minimum wage has rocketed by 12p an hour.

Clearly the "trickle down prosperity" of the Coalition is seen in all it's glory! It's not just there to help the bankers you know!
:-)

Monday, October 7, 2013 12:57PM Report Comment
 

6. nod2glod said...

I'm a long term bear on the economies of the west. However, i have noticed a big upswing in bank related business in the city over the last month or so. Whether this is just people picking up projects again which stalled over the summer, or an actually recovery i'm not sure, but the company i work for has just had a very good quarter.

Monday, October 7, 2013 01:43PM Report Comment
 

7. khards said...

Do as we say, not as we do.

The economy is fixed, buy property, buy shares and invest in government bonds.
Sell your gold at a 'we buy gold' store.

USA! USA! USA! USA! USA! USA! USA!



/Sarc

Monday, October 7, 2013 01:55PM Report Comment
 

8. alan said...

Now the Greek government has forecast a surplus!!

What's not to like ?

Monday, October 7, 2013 05:56PM Report Comment
 

9. alan said...

Meanwhile in the USA...
Economy no longer of interest. Vast majority content to watch US pop star lick sledgehammer or football while country collapses.

http://www.infowars.com/americans-more-interested-in-miley-cyrus-football-than-obamacare-or-govt-shutdown/

Yes, graphs are included!

No Miley pictures as we don't want to over stimulate any U18s on the site...... :-)

Monday, October 7, 2013 06:03PM Report Comment
 

10. This comment has been removed as it was found to be in breach of our Blog Policies.

 

11. This comment has been removed as it was found to be in breach of our Blog Policies.

 

12. letthemfall said...

Seems a kind of economic corruption. Now the US faces default - t bills down today.

Wednesday, October 9, 2013 10:36AM Report Comment
 

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