Not rosey, but it is better in other countries.
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Great work from the coalition
- Thread starter Bozza
- Start date
Not rosey, but it is better in other countries.
So, had it not been for the Olmypics we'd be in a quadruple dip recession. Is this right?
Ernest
Stupid IDIOT
About right according to cleverer people than me
The country is f***ed. The triple A will be next then it's lights out. Cameron is the modern day Nero, fiddling with a referendum whilst the country burns.
Ernest
Stupid IDIOT
And gay marriages and royal succession which the rest of us don't give a flying f*** about . It's about the economy and nothing else matters
Not very many. Added to which those didn't spend spend spend whilst borrowing borrowing borrowing like the last rabble did.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,842
no, because it would have been one single period of negative growth. interestingly, its arguable that the Olympics caused the second dip in the first place as people buying tickets suppressed spending elsewhere. that spending was carried over to the quater in which the event occured. frankly thats bonkers way of calculating the GDP and only serves to show how such small changes shouldn't be given so much attention (apparently the entire post war era has recently been revised up by rebasing the GDP in 1945. its not the benchmark we are lead to believe)
KNC
Well-known member
VERY much this
Camicus
New member
Dont forget the 75,000 retail jobs gone in the last 2 years
ROSM
Well-known member
Or more likely the improvement you were lauding was a 'dead cat bounce'
Even Clegg now says that the coalition cut too fast and too deep. It takes a special kind of ineptness to put Ed Balls on the correct side of a political argument but Dave and Gideon have achieved it.
Tubby Mondays
Well-known member
It takes a big man (or woman) to say that about a thread that theyve started.
I take my hat off to you.
Look forward to bouncing it again in 3 months.
Buzzer
Languidly Clinical
- Oct 1, 2006
- 26,121
a triple blip recession n'est pas?
drew
Drew
This does not make sense. It's still spending whether its on Olympic tickets or whatever the money would have been spent on originally.
Is this what they call text speak? Or should Larry go back to school and learn how to use his spellchecker?
D
Deleted member 2719
Guest
More of a Bli............... i would say it going to be slow road back after the looneys left us broke but we will grow stronger than before.
I suppose it can only be compared to the rise of the Albion, the country are just a year or two behind thou.
Blair=Archer
Brown = Bellotti
Bring on the cavalry.
Cameron= Bloom
Osbourne=Barber
Where on earth do you get this from? What exactly is going to start this journey? When will it start?
PS you cannot have an Olympics every year.
Racing club
New member
- Dec 2, 2012
- 4
Large corporations are already sitting on billions of pounds but they are not investing because the opportunities are not there. At the end of 2011 non- financial companies were sitting on more than 700 billion pounds of idle money. Constantly cutting corporation tax is therefore one of the least effective forms of fiscal stimulus. It would be much better to have a fiscal stimulus through transfers to people who will spend quickly and through government investments in things that will also help us in the long run. Cutting corporation tax just pumps up the already dormant and bloated corporate cash reserves and shows how inept the coalition's economic strategy is.
Billy the Fish
Technocrat
Do people need to stop getting so excited by growth and recession? Was exponential growth in the economy ever a realistic prospect?
I don't see how it makes such big headlines every time it happens, the way everyone panics when they see the headlines you'd think they were Chicken Licken being told the sky was falling down!
When you look at the bigger picture over the last few years the economy has pretty much stagnated - a little bit of growth, then it contracts a bit, then a little bit of growth, then it contracts a bit. I'm pretty sure all the economists said that we'd stagnate for a decade, if not more, when the banking crisis hit so I don't know why people act surprised every time it happens. I'm waiting for the dodecca-dip recession in a few years time. There's bigger problems around the corner as well, see Japan for the way we might be heading.
I'm more concerned with the unemployment figure, to the average joe in the street it doesn't matter if the economy contracts 1% or expands 1% in a year if you are earning money (obviously I realise the two are linked) We need to start selling more stuff to other countries, the biggest sin of the Labour era is that they didn't help industry in this country. The coalition aren't much good either, the only difference is that Labour papered over the cracks by employing everyone in the civil service, whereas the coalition have cut that as well.
I don't see how it makes such big headlines every time it happens, the way everyone panics when they see the headlines you'd think they were Chicken Licken being told the sky was falling down!
When you look at the bigger picture over the last few years the economy has pretty much stagnated - a little bit of growth, then it contracts a bit, then a little bit of growth, then it contracts a bit. I'm pretty sure all the economists said that we'd stagnate for a decade, if not more, when the banking crisis hit so I don't know why people act surprised every time it happens. I'm waiting for the dodecca-dip recession in a few years time. There's bigger problems around the corner as well, see Japan for the way we might be heading.
I'm more concerned with the unemployment figure, to the average joe in the street it doesn't matter if the economy contracts 1% or expands 1% in a year if you are earning money (obviously I realise the two are linked) We need to start selling more stuff to other countries, the biggest sin of the Labour era is that they didn't help industry in this country. The coalition aren't much good either, the only difference is that Labour papered over the cracks by employing everyone in the civil service, whereas the coalition have cut that as well.
