British Economy Booming

Conrad

Graham_Devon wrote: »

I only asked if props and monetry stimulus could start being removed

What is your best guess?
Mine would be a gradual easing back on stimulus as the patient gets stronger.


BTW as an aside last night a G8 protestor was on LBC Radio, she was Polish. She kept saying Britain was dire and going down the pan but was stunned into silence when asked 'why did you CHOOSE to come live here then'?

wotsthat

Graham_Devon wrote: »

It doesn't have to be destroyed. I only asked if props and monetry stimulus could start being removed, in response to rinoas post and title.

You've come running in like his knight in shining armour and have done your very best to protect him by attempting to twist the dicussion and move away from the question ever since. You then complain that the thread is "destroyed" as if it's somehow my fault.

I guess this is a strawman though.

Conrad had a go at answering the question...

A healthy patient can none the less remain vulnerable for a period of convalescence.

Interest rates won't rise for some time yet.

So did Mr. P

Usually it goes like this, Graham. At some point, when this recovery continues, we will come at a point where we will see a bit more wage inflation, peeps having more money to spend again, increasing demand, price inflation, more wage inflation...etc...
At that point I imagine monetary policy can be loosened and interest rates will rise slowly.

So did I.

Mervyn King has been voting for more QE for the last six months - I think he suggested that a real recovery was underway but didn't think it was worth the risk of shelving QE in case the recovery wasn't robust enough. Maybe the risks of too much stimulus outweigh the risks of too little?

So did Rinoa

When conditions permit, at the appropriate juncture, in the fullness of time.

Basis for sensible discussion there I would have thought.

StevieJ

Graham_Devon wrote: »

It appears every inconvinient question is a strawman lately.....

Well stop making them then, maybe you could change your ID to The Crowman, I think he is the one on the left

chewmylegoff

Annual growth of <1% is an economic boom now is it? Quick, buy a house?

chewmylegoff

Conrad wrote: »

We're entering the new prosperity era and some years from now the forthcoming period will be viewed as golden, featuring steady growth and rebalancing.

I admire your persistence in trying to create an Internet meme but we seem to have been entering this new golden age for about three years now accordingly to your regular and confident proclaimations - it doesn't seem to have actually materialised despite your dedicated single-mindedness.

Conrad

chewmylegoff wrote: »

I admire your persistence in trying to create an Internet meme but we seem to have been entering this new golden age for about three years now accordingly to your regular and confident proclaimations - it doesn't seem to have actually materialised despite your dedicated single-mindedness.

I first properly announced this last year.
It is materialising but as with much else in history many of us fail to spot reality as it unfolds.

Sampong

Economy booming? Ha ha.

The green shoots of recovery were discussed on Newsnight last night. At 10:12 in Anatole Kaletsky enter's the discussion and suggests that we are beginning to see the beginnings of an economic recovery and one of the reasons behind this are government programmes such as the help to buy scheme.

Watch Jeremy Paxman's reaction;

http://www.bbc.co.uk/iplayer/episode/b02xd173/Newsnight_11_06_2013/

Conrad

Sampong wrote: »

Economy booming? Ha ha.

The green shoots of recovery were discussed on Newsnight last night. At 10:12 in Anatole Kaletsky enter's the discussion and suggests that we are beginning to see the beginnings of an economic recovery and one of the reasons behind this are government programmes such as the help to buy scheme.

Watch Jeremy Paxman's reaction;

http://www.bbc.co.uk/iplayer/episode/b02xd173/Newsnight_11_06_2013/

Kaletsky is a clueless academic and Tett it getting on my t11ts for her lame predictions.

You should read a book entitled Futurebabble which explains how these talking heads get it wrong 99% of the time. How many of these experts predicted the credit crunch - 1% perhaps?

The BOE's Kate Barker was doing the circuit in about 2004/5 claiming demand for property was such that prices would rise indefinitely - and still now she comes on News night with more of her dusty lame predictions and we all suck it down time and again.

Tett really is clueless but talks a good game and blinds the masses with graphs at every turn.

Thrugelmir

British Economy Booming

Recovering yes, booming no.

PaulF81

Loan rationing before rate rises is my prediction.