GDP shocka

[NoelWatson]

-0.5% QoQ. Quick, spend more!

[NoelWatson]

Slaav said:

How come that Balls(up) hasnt been featured all over the rolling news yet?

Spouting bks about its all the Coalition's fault and their policies are to blame etc etc

AAARRRGGGHHHH!

We are discussing same thing, not good (in short term)

[NoelWatson]

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies. Still they must be correct and on the right track if the Tories say so

Labour and the World Banks got us into this mess and I can't see the current Government getting us out of it TBH.

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies

Who is against it?

crankedup said:

Still they must be correct and on the right track

Agreed, and out credit rating reflects that

crankedup said:

Labour and the World Banks got us into this mess

Also bankers and consumers

crankedup said:

and I can't see the current Government getting us out of it TBH

It won't happen overnight, but then we had a decade long binge, so that is to be expected

[NoelWatson]

Fittster said:

rsv gone! said:

Can we find the one person in the whole country who was 'shocked' (or even mildly surprised) by this news and give them a good shake?

I suggest you shake the economists employed in the city, they weren't predicting this fall in GDP.

Who in the real world predicts something with more success than pure chance?

[NoelWatson]

Fittster said:

NoelWatson said:

Fittster said:

rsv gone! said:

Can we find the one person in the whole country who was 'shocked' (or even mildly surprised) by this news and give them a good shake?

I suggest you shake the economists employed in the city, they weren't predicting this fall in GDP.

Who in the real world predicts something with more success than pure chance?

Are you saying large investment banks give salaries to charlatans (no not the band, we don't need any more musical references in the thread) who can't deliver anything useful?

http://www.workhound.co.uk/jobs/Economist-jobs

Some people may feel they provide value - maybe their clients like to receive their thoughts.

[NoelWatson]

crankedup said:

Fittster said:

rsv gone! said:

Can we find the one person in the whole country who was 'shocked' (or even mildly surprised) by this news and give them a good shake?

I suggest you shake the economists employed in the city, they weren't predicting this fall in GDP.

Predicted by the opposition.

Good old Labour and their predictions

http://www.youtube.com/watch?v=OU_fzCpwrNc

[NoelWatson]

crankedup said:

NoelWatson said:

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies. Still they must be correct and on the right track if the Tories say so

Labour and the World Banks got us into this mess and I can't see the current Government getting us out of it TBH.

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies

Who is against it?

crankedup said:

Still they must be correct and on the right track

Agreed, and out credit rating reflects that

crankedup said:

Labour and the World Banks got us into this mess

Also bankers and consumers

crankedup said:

and I can't see the current Government getting us out of it TBH

It won't happen overnight, but then we had a decade long binge, so that is to be expected

As the old saying goes 'the proof of the pudding will be in the bleating'.

Who is bleating?

[NoelWatson]

pilchardthecat said:

They are doing what all good banksters should - protect the capital holders by pushing down the biggest cost of most businesses - labour.

What is a bankster? Was it coined by a Gruanaid journo?

[NoelWatson]

pilchardthecat said:

"until their children will wake up homeless on the continent their fathers conquered."

Is that because their parents got greedy and got swept up in the property bubble, hoping for instand riches, overleveraged, an blew up? Or have I got the wrong parents?

[NoelWatson]

crankedup said:

NoelWatson said:

crankedup said:

NoelWatson said:

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies. Still they must be correct and on the right track if the Tories say so

Labour and the World Banks got us into this mess and I can't see the current Government getting us out of it TBH.

crankedup said:

Its difficult to find any organisation which are supporting this Governments monetary policies

Who is against it?

crankedup said:

Still they must be correct and on the right track

Agreed, and out credit rating reflects that

crankedup said:

Labour and the World Banks got us into this mess

Also bankers and consumers

crankedup said:

and I can't see the current Government getting us out of it TBH

It won't happen overnight, but then we had a decade long binge, so that is to be expected

As the old saying goes 'the proof of the pudding will be in the bleating'.

Who is bleating?

We have to wait and see, hence my use of words "will be'.

Fair enough - here is your first lot

http://www.dailymail.co.uk/news/article-1350359/40...

[NoelWatson]

fido said:

you do realise that £175 billion of QE (akin to printing money) occured during the last two years and this probably nudged the GBP growth into positive figures. Now that tap has been turned off it's back to reality - this has nowt to do with the current policies whether they are right or wrong.

GDP = private consumption + gross investment + government spending + (exports − imports),

so I'm guessing government spending is an influence, although I'm not sure if they have cut it (below inflation) yet.

[NoelWatson]

Revised downwards to -0.6% QOQ, +1.5% YOY.

[NoelWatson]

allgonepetetong said:

It would be certain to push us into recession - shirley?

I don't think we were ever out of a recession, we just made it look that way.

[NoelWatson]

Digga said:

rouble is, the majority of recessionary drag is being caused because this is a banking crisis, rather than any conventional recession.

What makes you say that?

[NoelWatson]

scenario8 said:

Bonus season is nearly with us.

Down on last year, less cash element, 50% tax, and 5% SDLT - can't see the upside myself.

scenario8 said:

I can only conclude the picture is very mixed.

Indeed, as it is quiet in KT13.