Economic growth, you're having a laugh
http://www.bbc.co.uk/news/business-14423297
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| Double dip recession on its way . . . http://taxi-driver.co.uk/phpBB2/viewtopic.php?f=2&t=17305 |
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| Author: | Skull [ Fri Aug 05, 2011 10:10 pm ] |
| Post subject: | Double dip recession on its way . . . |
Economic growth, you're having a laugh
http://www.bbc.co.uk/news/business-14423297 |
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| Author: | Skull [ Sat Aug 06, 2011 12:36 am ] |
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http://money.uk.msn.com/news/uk-economy ... =158780337 
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| Author: | Nidge [ Sat Aug 06, 2011 9:51 am ] |
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I think this points is all out. http://www.youtube.com/watch?v=jG4JemfAvlo |
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| Author: | Skull [ Sat Aug 06, 2011 12:09 pm ] |
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Midlander wrote:
A very good video, sums it up nicely. It looks like we've only got the failure of the Dollar and the Euro and CREDIT CRUNCH II on it's way. It's nice to see the Government's got control of the situation.
The worst is yet to come.
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| Author: | wee eddie [ Sat Aug 06, 2011 2:12 pm ] |
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It used to be the "Dead Cat Bounce" |
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| Author: | Skull [ Sat Aug 06, 2011 7:57 pm ] |
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wee eddie wrote: It used to be the "Dead Cat Bounce"
Well this one never bounced, it just went splat!! 
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| Author: | GBC [ Sat Aug 06, 2011 11:27 pm ] |
| Post subject: | Re: Double dip recession on its way . . . |
Skull wrote:
Depends where you work though. The recent downturn, IMO, was no where near on the scale of the early 1990's one, although nowadays the 24 hour hysterical news outlets will twist it until it seems like it is. The 'massive freefall' of the stockmarket yesterday ended roughly at the level it was at a few months ago, but they won't say that. 
Nor will they have it as headlines when the stock markets grows by 20% again . . . |
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| Author: | GBC [ Sat Aug 06, 2011 11:31 pm ] |
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Nor will the Oil companies say much about Oil falling a massive $15 a barrell last week, back to the price ($86) where we were paying £1.22 a litre. 
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| Author: | Skull [ Sun Aug 07, 2011 1:25 am ] |
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GBC wrote: Nor will the Oil companies say much about Oil falling a massive $15 a barrell last week, back to the price ($86) where we were paying £1.22 a litre.
I think it's the bigger picture that tells the story. While I agree there are some anomalous figures, the story in Greece, Italy, Spain and America are not isolated blips on a graph. The media are a shower of [edited by admin] and don't do us any favours, but I fail to see where they have it wrong.  It's downhill from here on in.
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| Author: | Sussex [ Sun Aug 07, 2011 9:09 am ] |
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Let's hope this leads to fewer folks going abroad for their hols. Could the staycation be our saviours? Unless of course you work in some of the s*******s up north. |
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