UK GDP shrinks much more than expected in Q2

Generali

tomterm8 wrote: »

If we are in a liquidity trap, I would assume that QE would increase the GDP, although I'm not sophisticated enough to do the maths;)

Nor me and I'm teaching this stuff.

It isn't easy teaching something that you have severe reservations about.

CLAPTON

tomterm8 wrote: »

Most of the GDP figures that are announced are real terms, i.e. the GDP is adjusted by the GDP deflator which is a measurement of prices. So, on a theoretical basis, if we are not in a liquidity trap (i.e. if changes in the quantity of money affect the aggregate price level) QE should not affect the GDP.

If we are in a liquidity trap, I would assume that QE would increase the GDP, although I'm not sophisticated enough to do the maths;)

Clearly the purpose of QE is to increase liquidity based on the assumption that there is such a shortage.

The general reports of difficulties in getting mortgages, personal and business loans supports the view that more money will go towards increasing output and not simply increases in unit prices. In a period of weak demand one would not expect any significant pressure on domestic prices at least until the slack in the economy has been taken up.

inspector_monkfish

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StevieJ

inspector_monkfish wrote: »

I've set up a MoneySavingExpert Fantasy Football League for anyone that might be interested....

FREE to enter - with some good prizes if you get lucky.

Here is the link:
http://fantasyfootball.skysports.com...spx?p=2185


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IM

Why didn't you do the real one i.e Telegraph

Generali

StevieJ wrote: »

Why didn't you do the real one i.e Telegraph

I met one of the blokes that started the Telegraph's Fantasy Football in a pub in Egham, Surrey (Queen Victoria(?) - the one by the M25 roundabout) in about 1995. I beat him quite soundly at pool IIRC. He bought me and my mates quite a few beers as he was in a very good mood having just signed the deal.

inspector_monkfish

StevieJ wrote: »

Why didn't you do the real one i.e Telegraph

I have done.

The Sky one is just a FREE one, that I thought you and others may like to join in with. Sky use the same rules a Telegraph anyway

Come and join the fun !!

inspector_monkfish

inspector_monkfish wrote: »

I've set up a MoneySavingExpert Fantasy Football League for anyone that might be interested....

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- Firstly, you will need to pick your team, and name it.
- Once you have done this, go to 'My Team', and scroll down to 'Private Leagues'
- Then click on 'Enter New League'
- Then scroll down to 'Joining an Existing League'
- Here is where you type in the 'MoneySavingExpert' League Pin: 2822

Good Luck
IM

Purch is in.
and R Stringellow - whoever that is ???

Generali

inspector_monkfish wrote: »

Purch is in.
and R Stringellow - whoever that is ???

I'm in now.......

inspector_monkfish

Generali wrote: »

I'm in now.......

...and duly accepted...

Generali

inspector_monkfish wrote: »

...and duly accepted...

Cheers fella.

AC Monkfish. Like it.