MSE News: UK economy still in recession

kennyboy66_2

Generali wrote: »

Does this now mean that Mrs Thatcher is no longer the evilist Prime Minister since records began now someone else has resided over a bigger recession?

No she will always be the evilist PM.

But, she also brought plenty of good long lasting reforms in.

It will be difficult even for Labour supporters like myself to argue that changes in the last 12 years will prove to be particularly long lasting.

Generali wrote: »

PS Interesting story in last week's Economist about Japan's experience with QE:

I would think the biggest difference will be that the Yen actually got slightly stronger against the USD during the period of Japanese QE by about 10%.

On the other hand, we will let Sterling slide as much as possible against the Euro and USD our main trading partners.

robpw2

is the labour goverment keeping us in recession as a ploy to get us spending more

inspector_monkfish

ruggedtoast wrote: »

At least even with this data we're still better off than the French and Germans. Well aside from the obvious differences, like them having more money than us, lower crime and a better standard of living.

At least we're still better than them.

but they smell funny :eek:

Generali

lostinrates wrote: »

Its reflecting the little pictures we all see, right? not changing them...?

Correct, these GDP figures are a record of what happened during the quarter July-Sept 2009.

Put simply, UK GDP is a measure of:

Personal Consumption + Investment* + Government Spending + Exports - Imports

Growth figures (as a being discussed) show the change in that sum over time, adjusted for changes in inflation.






* Investment = business investment in things that will add to productive capacity + net change in stock levels + new house building


This post was brought to you by Generali's LIR Translation Services(TM).

kennyboy66_2

Wookster wrote: »

No big surprise here.

Ah, the benefit of hindsight.

If you had let me know yesterday, I would have sold sterling.

chucky

julieq wrote: »

Ah !!!!!!, we're all doomed again

it's some more doom !!!!!! for the doomsters

lostinrates wrote: »

But Graham, slow and steady corrcetion, giving people time to adust to a potential shift in spending could be better than unsustainable growth. Both are better than a greater contraction.

this is the thing LIR - we have negative numbers and some are expecting numbers to be positive the next time they are announced.

things don't work like that unfortunately - as you say it's a gradual correction that will happen. it's a lack of understanding that those that expected it to be a guaranteed positive.

The_White_Horse

and still brown won't do the decent thing and go. he has zero chance of winning an election. ZERO. just go now with a tiny shred of decency. he wants to destroy the whole country so the tories have to increase tax massively. they are borrowing billions more every day!

whenever the lefties get in, they get voted out with the country in financial ruin. amazing how daft the public are that they don't seem to understand this.

I mean is brown really savouring his last 7 months. is he enjoying being the most despised ridiculed useless dithering buffoon of a PM ever???? what is his problem?

michaels

But isn't there some cunning argument that their QE wasn't proper QE the way the BoE are doing it...?!

Generali wrote: »

Does this now mean that Mrs Thatcher is no longer the evilist Prime Minister since records began now someone else has resided over a bigger recession?

PS Interesting story in last week's Economist about Japan's experience with QE:

inspector_monkfish

michaels wrote: »

But isn't there some cunnng argument that their QE wasn't proper QE the way the BoE are doing it...?!

no need to swear ...:eek::eek::eek:

worldtraveller

..........

thriftybabe wrote: »

just think how bad it really [strike]would[/strike] will be [strike]if[/strike] as a result of the government [strike]had not started[/strike] printing money!