Guest 683- Registered: 11 Feb 2009
- Posts: 1,052
12 September 2009
00:4728827As Barry hasn't posted on this I must assume he is on holiday especially as he saw fit to post on the apparent economic recovery of France and Germany not so long ago.
Seems like good news?
Mark
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
12 September 2009
07:3928828Yes we seem to be right up there with France and Germany on this one. So Mr Brown and Mr Darling may have done better than BarryW led us to believe. The figures are encouraging but of course the general population is still going through the recession hit fallout. As I mentioned elsewhere a report on the BBC yesterday said the average income per household had fallen by £31,000 in the period, so the general population wont be coming out of recession for a while I feel. But perhaps those infamous green shoots of recovery are beginning to appear.
Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
12 September 2009
07:4528829There was a City Analyst on TV the other day who stated that there were early signs of recovery ie increased spending on the High St,a fall in the loss of monthly jobs and confidence in the Stock Market led by Krafts massive bid for Cadburys.But he said that the real test was when the public,the viewers, etc felt that there was a recovery.
So lets all think positive....
Marek
I think therefore I am (not a Tory supporter)
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
12 September 2009
07:5528830some good news at last.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
12 September 2009
08:2128833Allow me to provide a reality check for you. I take no pleasure in this and I can understand the desire to talk up events but over optimism can be as dangerous as excessive pessimism.
Sorry to say that the best case scenario is that we are behind France and Germany. In the equivilent quarter where France and Germany were first showing growth we were still in recession according to official figures. You need to be comparing like for like quarters Mark and Paul.
Only during the past week estimates for the contraction of the UK economy during the present year were increased (they were already worse than Darling's over optimistic figures). They also showed that the UK will recover from the recession last among the major industrial nations.
We are still bumping along and certainly there are some good indicators, but we remain far from out of the woods. Mixed messages will continue for a while yet and that is natural.
There is also increased speculation of something I warned about nearly a year ago, a double dip recession (or the W shape as some call it).
Brown's economic mismanagment made this recession far worse than it should have been while the consequences of the quantitive easing and massive Government borrowing are yet to be felt. Higher interest rates, massive public spending cuts, increased taxation and high inflation will be the result. Unemployment will not peak for a long while yet at over 3million.
There is no room for any kind of joy just yet, sadly. There will be a lot of pain to come.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
12 September 2009
08:3228834barryw,allways the optimist,get rid of those blue negative thoughts and start thinking posative for a change.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
12 September 2009
09:1428835Brian, merely giving the real picture.
Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,698
12 September 2009
09:3928840Are you Barry?
This week the Telegraph, Times and various online news sources have all had City Editorials supporting the view that we are coming out of recession.
Yes they have also reported that Brussels is talking down the UK's position and estimating frankly ludicrously high levels of defecit, almost as ludicrous as Darling's which are on the low side. Like all these things the truth lies somewhere in the middle, not good but not disastrous (yet).
Yes there are consequences to the fiscal support packages from the BoE & Treasury and these will cause a level of future pain, though much of this may be ameliorated if global stock markets stabilise at current levels or better. There are also political consequences meaning future governments will have much less freedom of movement on spending, tax take & levels etc. as the state debt needs to be serviced and repaid.
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
12 September 2009
17:0228849barryw,ever thought of changing carrears,you would do well in the american bible belt preaching doom and gloom while making a mint.
Guest 683- Registered: 11 Feb 2009
- Posts: 1,052
24 September 2009
19:5229351And this is now confirmed by the CBI. Great news. Well done Gordon Brown and team! Shame Barry isn't around to celebrate.
Mark
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
24 September 2009
20:2929355Mark - yours is a very superfiscal analysis. The recovery is likely to be slow and difficult and falling a long way short of the rebound the Chancellor predicted, while the recession will also have bitten far deeper than the Treasury also predicted.
There remains a strong possiobility of a double dip recession before a more sustained recovery.
As for your congratulations.... for what? for getting this country into such a financial mess that we are recovering months later than our major competitors. For leaving us with a huge level of borrowing and the need for massive public spending cuts. Unemployment set to rise beyond 3million within the year.
The recovery will be under way despite the role Brown and his ragtag Governemnt played. Recessions end as surely as they arrive just as night follows day - something the idiot Brown forgot when he declared an end to boom and bust. That phrase just about sums him up.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
24 September 2009
20:4329357you are definitely getting soft barry.
no abuse towards gordon brown until the penultimate line.
Guest 674- Registered: 25 Jun 2008
- Posts: 3,391
25 September 2009
11:2929387He knows howard that the tories have been found out, and the grip on power is slowly getting away from them
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
25 September 2009
12:0529390Abuse howard? - I thought I was being quite mild. I read far worse elswhere about the man whos record in public office must be the worse in history, his failures blight us all.
Keith, do keep up. Even Brown has had to face the reality of the need for cuts for instance. You need to look around you, every day Brown is embroiled in more problems of his own making and every poll is getting worse for him.
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
25 September 2009
12:4429393Guest 660- Registered: 14 Mar 2008
- Posts: 3,205
25 September 2009
13:3829394Vic No chance!
If you knew what I know,we would both be in trouble!
