The !!GOOD NEWS!! thread....

[Guybrush]

Can you hear ED Balls sing, no no, can you hear Ed Balls sing, I can't hear a f***ing thing...

[anonymous-user]

Guybrush said:

Can you hear ED Balls sing, no no, can you hear Ed Balls sing, I can't hear a f***ing thing...

I caught a bit of that cretin saying if it wern't for the coalition we would have been here 2-3 years ago this morning. The man is a fvcking sociopath.

[turbobloke]

fblm said:

Well timed thread resurrection turbo... this time I'm having a baby boy in December

Good news indeed

Let's hope he never has to pay for the folly of other people putting Ed Balls anywhere near HM Treasury or any other Cabinet position.

[ralphrj]

fblm said:

Guybrush said:

Can you hear ED Balls sing, no no, can you hear Ed Balls sing, I can't hear a f***ing thing...

I caught a bit of that cretin saying if it wern't for the coalition we would have been here 2-3 years ago this morning. The man is a fvcking sociopath.

His comment this morning was that the US GDP returned to pre-crisis levels 3 years ago - implying that the coalition were responsible for the UK failing to bounce back in the same time period.

There are a couple of issues with that:

1. The US economy did not contract by as much as the UK economy did. Our recession was deeper. Therefore, the coalition had a much bigger task thanks to, among others, Ed Balls.

2. The US runs a much bigger budget deficit than we do in the UK. The US can do this as the US Dollar is the dominant global reserve currency. The Pound is not and if we had tried to run a deficit as large (relatively) as the US the Pound would have collapsed.

[anonymous-user]

ralphrj said:

His comment this morning was that the US GDP returned to pre-crisis levels 3 years ago - implying that the coalition were responsible for the UK failing to bounce back in the same time period.

There are a couple of issues with that:

1. The US economy did not contract by as much as the UK economy did. Our recession was deeper. Therefore, the coalition had a much bigger task thanks to, among others, Ed Balls.

2. The US runs a much bigger budget deficit than we do in the UK. The US can do this as the US Dollar is the dominant global reserve currency. The Pound is not and if we had tried to run a deficit as large (relatively) as the US the Pound would have collapsed.

I agree, and he is not stupid he knows this too, the fvcking weasel.

[Morningside]

ralphrj said:

fblm said:

Guybrush said:

Can you hear ED Balls sing, no no, can you hear Ed Balls sing, I can't hear a f***ing thing...

I caught a bit of that cretin saying if it wern't for the coalition we would have been here 2-3 years ago this morning. The man is a fvcking sociopath.

His comment this morning was that the US GDP returned to pre-crisis levels 3 years ago - implying that the coalition were responsible for the UK failing to bounce back in the same time period.

There are a couple of issues with that:

1. The US economy did not contract by as much as the UK economy did. Our recession was deeper. Therefore, the coalition had a much bigger task thanks to, among others, Ed Balls.

2. The US runs a much bigger budget deficit than we do in the UK. The US can do this as the US Dollar is the dominant global reserve currency. The Pound is not and if we had tried to run a deficit as large (relatively) as the US the Pound would have collapsed.

3. Ed Balls is a knob.

[ralphrj]

Morningside said:

3. Ed Balls is a knob.

Good point, well made.

Not sure how I forgot that.

[Eric Mc]

ralphrj said:

Morningside said:

3. Ed Balls is a knob.

Good point, well made.

Not sure how I forgot that.

He's quite an intelligent knob - but a knob all the same.

[Fittster]

turbobloke said:

GDP figures due at 10am are expected to show that the UK economy has now got back to the same position as it was in before the recession.

But as the population is 5% more now the per capita GDP is still lower than it was in 2008.

[Driller]

Did you get your car Groak?

ETA "Eees buggered off!"

Edited by Driller on Friday 25th July 19:52

[Randy Winkman]

turbobloke said:

The Telegraph's take on the numbers: “British factories are booming,” said Chris Williamson, chief economist at Markit. “The official and survey data also help to dispel the notion that the recovery is based purely on consumer credit and the housing market, but is instead being fuelled to a large extent by booming factories and industry.”

Good news indeed.

Brilliant - pay rises all 'round.

[DJRC]

Fittster said:

turbobloke said:

GDP figures due at 10am are expected to show that the UK economy has now got back to the same position as it was in before the recession.

But as the population is 5% more now the per capita GDP is still lower than it was in 2008.

And in the US and Germany it is what?

[Fittster]

DJRC said:

Fittster said:

turbobloke said:

GDP figures due at 10am are expected to show that the UK economy has now got back to the same position as it was in before the recession.

But as the population is 5% more now the per capita GDP is still lower than it was in 2008.

And in the US and Germany it is what?

Country	2007	2008	2012	2013
UK	46,591	43,487	38,649	39,351
US	48,070	48,407	51,755	53,143
Germany	40,403	44,132	42,598	45,085

http://data.worldbank.org/indicator/NY.GDP.PCAP.CD...

[DJRC]

So...surely those figured woukd be being reported by the anti Tory press, bbc, DM, grauniad etc?

[Fittster]

DJRC said:

So...surely those figured woukd be being reported by the anti Tory press, bbc, DM, grauniad etc?

Are you doubting figures by the world bank?

These figure were reported in left winger papers such as the Wall Street Journal.

http://blogs.wsj.com/economics/2014/07/25/u-k-reco...

First time I've ever seen the DM described as the anti-Tory press but if you read their report it does state:

"But GDP per capita – the size of the economy divided by the population – is still 5.5 per cent below the pre-recession peak."

http://www.dailymail.co.uk/news/article-2705316/GD...

[turbobloke]

Unemployment has fallen below 2 million for the first time since 2008.

[Flip Martian]

turbobloke said:

The government's figures show that unemployment has fallen below 2 million for the first time since 2008.

More accurate.

[turbobloke]

Twas ever thus.

[Flip Martian]

turbobloke said:

Twas ever thus.

yep...

[kingofdbrits]

I won the lottery 3 times last week, twice on thunderball, once Euro's. Grand total = £16.30. GET IN!!

A nice boost to the finances 3 weeks before our second child is due. It'll almost cover the Hospital parking fees.