Cameron warning of a "Second Economic Crash"

luvpump

http://www.bbc.co.uk/news/business-30075810

This is all over the main stream media !

HAMISH_MCTAVISH

No he isn't.

What he actually said was "red warning lights are once again flashing on the dashboard of the global economy".

Which is exactly what you'd expect him to say 6 months before an election.

The Tories consistently poll better than Labour on who voters trust to handle the economic recovery. If voters think that recovery is locked in, then they may well vote for Labour.

This is political spin. Nothing more.

Graham_Devon

HAMISH_MCTAVISH wrote: »

No he isn't.

What he actually said was "red warning lights are once again flashing on the dashboard of the global economy".

Well that's much better then.

carslet

I think we are still in recession, the only recovery I have seen since 2007 is in the housing market and that don't look too healthy if i am being honest.

luvpump

HAMISH_MCTAVISH wrote: »

No he isn't.

What he actually said was "red warning lights are once again flashing on the dashboard of the global economy".

Which is exactly what you'd expect him to say 6 months before an election.

The Tories consistently poll better than Labour on who voters trust to handle the economic recovery. If voters think that recovery is locked in, then they may well vote for Labour.

This is political spin. Nothing more.

http://www.telegraph.co.uk/news/politics/david-cameron/11234920/Cameron-world-facing-second-economic-crash.html

its ok, Hamish has spoken !

HAMISH_MCTAVISH

luvpump wrote: »

http://www.telegraph.co.uk/news/politics/david-cameron/11234920/Cameron-world-facing-second-economic-crash.html

its ok, Hamish has spoken !

Here's the link to what Cameron wrote in full.

http://www.theguardian.com/commentisfree/2014/nov/16/red-lights-global-economy-david-cameron

At no point is he warning of a "second economic crash" as being ongoing, likely or inevitable.

I will however draw your attention to the bit at the end....:)

In six months’ time, Britain will face a choice: the long-term plan that has seen it prosper, or the easy answers that would surely have seen it fail. By sticking to our long-term plan at home and standing up for Britain’s interests abroad, we will do everything possible to protect our economy and give hardworking families a secure future in a Britain they are proud to call home.

Masomnia

Not looking good for the Autumn Statement.

I think another crash is unlikely, but things do look to be slowing down in Europe (again!), Japan in recession, China slower etc.

In_For_A_Penny_2

luvpump wrote: »

http://www.telegraph.co.uk/news/politics/david-cameron/11234920/Cameron-world-facing-second-economic-crash.html

its ok, Hamish has spoken !

From that article

David Cameron has said that “red warning lights are flashing on the dashboard of the global economy” and a second global crash could be looming.


Notice how in the first line they use quotation marks? That's what he actually said. The second line is how the newspaper chose to interpret it.

michaels

So for Hamish the glass is half full - it is unikely we are looking at another global economic crash.

For the rest of us it might be half empty, it is very unlikely the UK can continue to grow at 3-4% needed to reduce unemployment and see real wages increase when the rest of the world is stagnating at best. If the economy were to grow at only 1.5% next year that would feel pretty painful.

daveyjp

But the last global crash was all because Labour spent too much. So it won't happen again because they aren't in power.

Carl31

daveyjp wrote: »

But the last global crash was all because Labour spent too much. So it won't happen again because they aren't in power.

No it wasn't

Labour are not a global party for a start