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MSE News: UK economy out of recession – just
Comments
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Ahhh selective memory hey McT.HAMISH_MCTAVISH wrote: »The UK economy grew by 0.1% in the last quarter of 2009.
Note however, that previous quarters have been revised upwards once the full data is in.
:j
:beer:
Past data shows that it is just as likey to be revised down. Infact in the last 16 years its only once been revised upwards for three consecutive months. And before the last 2 months it was revised down for the preceeding 5 months.:eek::eek::eek:
Its not over yet.
[/quote]0 -
[/QUOTE]Ahhh selective memory hey McT.
Past data shows that it is just as likey to be revised down. Infact in the last 16 years its only once been revised upwards for three consecutive months. And before the last 2 months it was revised down for the preceeding 5 months.:eek::eek::eek:
Its not over yet.
Sorry to correct, but I assume you mean Quarters? not months...Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
the UK hasn't got an empire thank god - if you believe that the UK empire was a good thing go and ask what it did to the people in the countries that it owned and stole from... not a great history to be proud of...
no that's not true - the issues are there due to the economy being unbalanced and being over reliant on the services sectors.
It taught them English and that is a golden nugget in todays English speaking world, not least for the jobs it creates.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
IMHO this latest figure is of great concern and everyone should be very worried indeed!There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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i read a post from a muppet on HPC.co.uk about this - he claimed that slavery was a good thing as it educated people and gave people jobs and skills that they wouldn't have had in their country they were taken from. what a mug.It taught them English and that is a golden nugget in todays English speaking world, not least for the jobs it creates.0 -
So what are the chances of inflation going up still and how much of an impact will that have on everday people and their spending?0
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Happy 2000th post and Happy Australia Day too.
Presumably 50:50. The last few revisions have been upward but I've never seen anything to suggest that the 'first print' of GDP figures is normally low.
My belief has always been that you ain't out of a recession until real GDP is back to peak. Nobody agrees with me though so I wouldn't take it too seriously.
I do FWIW
We're not out of recession - we've just found the bottom. But is it a V, a W, a U, an L or an inverted square root ?0 -
worldtraveller wrote: »IMHO this latest figure is of great concern and everyone should be very worried indeed!
I am no more worried than I was yesterday.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
The really worrying thing is that inflation is increasing and growth is still practically non-existent. We could easily end up with a 'double dipper' stagflation-recession, which would be devastating. The standard of living would plummet for millions of people. There is a real possibility of a 1930s style depression.
A drop in the standard of living today would not take us back to the 30's.
Many people could cut back yet still live comfortable lives.0
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