Reality check

chewmylegoff

Carl31 wrote: »

August wasnt that rubbish? not as rubbish as last year?

Plenty more barbecue opportunity anyway

But not as good as July. Food sales in July saw the biggest rise since April 2011 according to the July release.

wotsthat

Graham_Devon wrote: »

We'll be in a recovery when stimulus stops being thrown at the economy. At this current stage we are still ADDING stimulus.

The FED are said to have made things worse by not tapering. Yet you seem to think this can be seen as the end of something.

We're pumped full of drugs to remove the effects. Were not recovering, though I understand your definition will be very different and something we will never ever agree on.

The problem with your definition is that it's difficult to quantify, measure and therefore monitor. Unless there are some numbers attached to it then you become the sole arbiter of the recovery.

Better to look at more accepted measurements of the economy - GDP, debt, confidence surveys, wage rises, household income, unemployment etc.

It's tentative and there's a chance it can go backwards but you're just in denial if you think it's not happening.

Loughton_Monkey

Graham_Devon wrote: »

We'll be in a recovery when stimulus stops being thrown at the economy. At this current stage we are still ADDING stimulus.

Surely you mean we will have recovered when the stimulus stops. QE has helped the recovery. There was talk of tapering because things are on the move. You are one of the biggest "we aren't recovering" merchants, so I would have thought not tapering would have your full agreement!

Graham_Devon wrote: »

The FED are said to have made things worse by not tapering. Yet you seem to think this can be seen as the end of something.

Said by whom? The Stock Markets all loved it.

Graham_Devon wrote: »

We're pumped full of drugs to remove the effects. Were not recovering, though I understand your definition will be very different and something we will never ever agree on.

Here we go. "We are not recovering". Put that in your signature if you dare. Advertise to the world that you live on a different sad planet from everyone else.

chucky

Graham_Devon wrote: »

Were not recovering, though I understand your definition will be very different and something we will never ever agree on.

Did you know that denial isn't a river in Egypt?

Loughton_Monkey

chucky wrote: »

Did you know that denial isn't a river in Egypt?

I also suspect he thinks a "Dossier" is a French tramp, and that "geriatric" is three goals scored by the Germans.

He suffers from "Graffiti" [Newton's law of dyslexia]

Pobby

As the government still has rising borrowing needs. We are far from a decent level of employment. A massive time bomb of government sector pension promises. Also huge personal debt.

I certainly will not get too carried away on a new economic boom. More like lagh my socks off at the whole concept.

kabayiri

It was interesting to read recently that the boss of Tesco believes the era of cheap food plucked from far flung parts of the globe is coming to an end.

The reason? Supermarket chains like Tesco are now having to compete with new consumers from China and elsewhere. Competition for finite resources will push up prices.

If you then correlate this experience with a report on 5Live yesterday discussing world population growing to a peak of 9 or 10 billion, it's hard not to imagine even more competition for relatively finite resources.

It's hard not to imagine new challenges ahead.

shortchanged_2

kabayiri wrote: »

It was interesting to read recently that the boss of Tesco believes the era of cheap food plucked from far flung parts of the globe is coming to an end.

The reason? Supermarket chains like Tesco are now having to compete with new consumers from China and elsewhere. Competition for finite resources will push up prices.

If you then correlate this experience with a report on 5Live yesterday discussing world population growing to a peak of 9 or 10 billion, it's hard not to imagine even more competition for relatively finite resources.

It's hard not to imagine new challenges ahead.

Don't worry, the futures bright, the futures.................lab burgers.

http://news.yahoo.com/first-reaction-lab-made-burger-short-flavor-134528570.html

grizzly1911

wotsthat wrote: »

Better to look at more accepted measurements of the economy - GDP, debt, confidence surveys, wage rises, household income, unemployment etc.

That would be fine if there were any measures that mean anything. Bernanke is back peddaling on when unemployment numbers will be good enough. Carney tossed a figure in that may now be variable depending on other factors.

GDP growth isn't necessarily good if it is fuelled by debt and the balance of trade is worsening.

Wage rises aren't much good if they are chasing or lagging inflation. If inflation is out of control of UK plc, which most appears to be what then?

Unemployment may be falling but if well paid skilled roles are disappearing and being replaced by part time, temporary, zero hours with poor wages,and little in the way in prospects or benefits we are simply storing up a bigger problem for the most of the country.

We are educating more and more individuals but we now have education inflation. A degree is almost becoming loose change these days, so many people have one.

The finance sector appeared to pull us through the 90s and early 00s but it was built on sand. Whether it ever grows and provides the income to balance out again who knows.

wotsthat

grizzly1911 wrote: »

That would be fine if there were any measures that mean anything. Bernanke is back peddaling on when unemployment numbers will be good enough. Carney tossed a figure in that may now be variable depending on other factors.

So what are we left with? The Devon Index?