U.K Plc "Will not enter Recession"

ultra10

http://www.ft.com/cms/s/0/dafae2dc-4933-11dd-9a5f-000077b07658.html?nclick_check=1

Whatever you say Darling ... ... BTW .. Stay on the Tablets

Lotus-eater

Aren't we in it yet? When do we get 2 quarters of economic contraction then?

Isn't this a bit like king Canute? It will not be a recession because I say so and all my hangers on agree with me.

steadysaver

Maybe Darling is just relieved the government rejected proposals to cull him

http://news.bbc.co.uk/2/hi/science/nature/7489000.stm

ultra10

To be fair to him he is really another Spokesperson ..in effect ... Privately he must know that the storm is rapidly approaching if its not here already..Crash Gordon & Tony certainly did last year, this is just the Spin on a bad situation.. Simple as .. Not sure many are fooled anymore, not on these boards at least !!

neverdespairgirl

Lotus-eater wrote: »

Isn't this a bit like king Canute? It will not be a recession because I say so and all my hangers on agree with me.

AFAICR, the King Canute story was a little different from the way it has kept popping up on these boards in the last few days.

He didn't think he was god-like enough to hold back the tide, he was proving to his court that he was only mortal like the rest of them.

I find Canute fascinating - and his last wife, Emma, even more so.

Pobby

Good here ain`t it. No more boom and bust. Loving it!!!!

tradetime

Lotus-eater wrote: »

Aren't we in it yet? When do we get 2 quarters of economic contraction then?

Isn't this a bit like king Canute? It will not be a recession because I say so and all my hangers on agree with me.

I suspect we are entering recession now, by the time a recession is confirmed we will already have been in one for some time as the indicators are backwards looking.

bandraboy

Phew! Thank god for that.

Can we carry on spending now?

MissMoneypenny

ultra10 wrote: »

http://www.ft.com/cms/s/0/dafae2dc-4933-11dd-9a5f-000077b07658.html?nclick_check=1

Whatever you say Darling ... ... BTW .. Stay on the Tablets

“I believe our economy will continue to grow,” he said

Strange. Coz they said on the news this week (when they spoke about the loss of 24.5% on M&S shares) that Alan Sugar, who advises the government, said he expect a downturn for 3 to 4 years.

jamescredmond

neverdespairgirl wrote: »

AFAICR, the King Canute story was a little different from the way it has kept popping up on these boards in the last few days.

He didn't think he was god-like enough to hold back the tide, he was proving to his court that he was only mortal like the rest of them.

I find Canute fascinating - and his last wife, Emma, even more so.

correct.

for historical accuracy: tired of the endless fawning and sycophancy at court, he jumped on one courtier who claimed that the king's stature was such that he could even hold the tides back.

determined to expose the childish boot-licking for what it was, he took the court down to the shore and commanded the waves to stop.

job done.

btw, the spelling of his name varies; '!!!!' is correct (Ithink).

should keep the anagram experts busy for a while.

(clue: chancellor of exchequer 1997 - 2007 ).

jamescredmond

bloody filter.

unravel tncu, then.