Q3 gdp +0.8%

Blacklight

ILW wrote: »

I don't care about mortgage rates, just want to get some more from my savings account.

You should talk to Bruce Spanner over on HPC. His savings have gained a better return than anyone paying down a mortgage with record low interest rates for 3 years, with zero risk.

The guy just rents. I mean he literally flushes money down the toilet he makes so much. He's wild! He doesn't even care he's that loaded.

Fella

chewmylegoff wrote: »

Not sure what you're reading. You may well be referring to the telly which I haven't seen but on t'website they are leading with the news that Grangemouth has been saved from whim of the unions. The second story is about the GDP figures which seems postive to me rather than an ed balls love in.

No as I said it was 5Live i.e. BBC radio 5 live. The item in question was the 5-o'clock news which is the peak time news bulletin for 5 live i.e. the one aimed at commuters travelling home.

As I said, they chose to report it with a cursory mention of the figures followed immediately by "But Labour say..." then Ed Balls bleating on his usual garbage. They do this continually it's a standard tactic. If the news is someone like Miliband announcing his plans to freeze energy prices they lead with him saying just that. If the news is something good about the economy or an announcement from the coalition, more often than not they lead with someone from the shadow cabinet disagreeing or disputing it.

I couldn't actually give a !!!! about them being massively biased, what I resent is that I have to fund them while they do it.

Thrugelmir

Generali wrote: »

For example, the production of CDOs etc was a very lucrative business for a while and will have added something to GDP. That is some of the GDP that is missing between where we were and where we are that probably isn't coming back any time soon.

Hence no doubt why investment banks are contracting their activity levels still.

Generali

Thrugelmir wrote: »

Hence no doubt why investment banks are contracting their activity levels still.

They've been banned from doing a lot of stuff and there simply isn't a market for a lot more.

What hasn't changed is that they're a bunch of bright boys & girls and will work out a way to make money.