How much longer will this bear market go on for?

sevenhills

Millyonare said:

The IMF says the UK is the fastest-growing economy in the entire global G7.

I think you are getting a little carried away, do you know what the G7 is?
Spain, Egypt, Ireland and more, all have higher GDP growth in 2022 than the UK.

MK62

Millyonare said:

aroominyork said:

Terry Smith: 

Millyonare said:

sevenhills said:

Millyonare said:

Right now, the IMF says the UK is the fastest-growing G7 economy in 2022, with the 2nd lowest debt. That is good news.

https://commonslibrary.parliament.uk/research-briefings/sn02784/

Yes, that is what our government say too. If you read the link, it explains why it happened. Except that it was 2021, we are in 2022 now, so the figures are not out yet.
It was because our economy shrank the most in 2020.

Nice try 😉

https://pbs.twimg.com/media/Fey_qgZXoAIGxCO?format=jpg

Except, as we have been told manifold times, we are about heading to the bottom of that graph.

Except, as posted manifold times, the UK is prone to forward-looking misery, doom and hysteria. We as a nation are always desperate to talk down the future economy. We love nothing more than to forecast recessions, housing falls, unemployment, and they often don't happen. We revel in misery and self-loathing. Look at the hysteria before Brexit, when the economy was going to crash. It didn't. Look at the hysteria before Covid, when the housing market was going to crash. It didn't. And on and on. Rinse and repeat.

The IMF says the UK is the fastest-growing economy in the entire global G7. The 2nd lowest debt in the G7. Unemployment is as close to full as it will ever get. Everyone who wants one has a job. Wages are rising. House prices are rising.

The UK is in much better shape than the hysterical headlines that few read beyond.

The new PM said "Britain is facing profound economic challenges"........is he lying then?

arnoldy

On the positive side a number of significant interest rate rises around the world - good. A sign that the central banks are starting to get serious about inflation, still you do have to raise an eyebrow with interest rates at 2-3% and inflation at 10%.

Also, an acceptance that we need to hack back at government expenditure balance the books and live within our productive means. Effectively we need a good period of pain and reset, rather than the false feather bedding.

These action show that the UK is starting to go "cold turkey", and this will be good. No more state bungs and handouts please, much of which will be spent on Amazon online anyway.

Aylesbury_Duck

What happened to the daily commentary on "handles"?  It seems to have stopped when numbers began with 70 again.

_pete_

If things are as bad as the harbinger of doom claims (hopes?), then buying gold won't be much help.  You'll need to have friends who own guns.

phillw

_pete_ said:

You'll need to have friends who own guns.

That only works if your friends have the biggest guns and then don't decide they are better off without you

Type_45

Beta: "I need friends with guns".

Alpha: "I'm the friend with guns".

aroominyork

Millyonare said:

aroominyork said:

Terry Smith: 

Millyonare said:

sevenhills said:

Millyonare said:

Right now, the IMF says the UK is the fastest-growing G7 economy in 2022, with the 2nd lowest debt. That is good news.

https://commonslibrary.parliament.uk/research-briefings/sn02784/

Yes, that is what our government say too. If you read the link, it explains why it happened. Except that it was 2021, we are in 2022 now, so the figures are not out yet.
It was because our economy shrank the most in 2020.

Nice try 😉

https://pbs.twimg.com/media/Fey_qgZXoAIGxCO?format=jpg

Except, as we have been told manifold times, we are about heading to the bottom of that graph.

Except, as posted manifold times, the UK is prone to forward-looking misery, doom and hysteria. We as a nation are always desperate to talk down the future economy. We love nothing more than to forecast recessions, housing falls, unemployment, and they often don't happen. We revel in misery and self-loathing. Look at the hysteria before Brexit, when the economy was going to crash. It didn't. Look at the hysteria before Covid, when the housing market was going to crash. It didn't. And on and on. Rinse and repeat.

The IMF says the UK is the fastest-growing economy in the entire global G7. The 2nd lowest debt in the G7. Unemployment is as close to full as it will ever get. Everyone who wants one has a job. Wages are rising. House prices are rising.

The UK is in much better shape than the hysterical headlines that few read beyond.

I don’t remember anyone saying the economy would ‘crash’. I remember plenty of people saying trade with the EU would shrink significantly resulting in lower GDP and there would be less migrant labour resulting in staff shortages in many sectors. Taking the effects of COVID out of the picture, as far as we can, both of those have taken place.

IanManc

aroominyork said:

I don’t remember anyone saying the economy would ‘crash’. I remember plenty of people saying trade with the EU would shrink significantly resulting in lower GDP and there would be less migrant labour resulting in staff shortages in many sectors. Taking the effects of COVID out of the picture, as far as we can, both of those have taken place.

To quote the Office of National Statistics:

"Exports to EU countries were at £17.4 billion in July 2022, the highest level since records began in January 1997."

UK trade - Office for National Statistics (ons.gov.uk)

_pete_

Type_45 said:

Beta: "I need friends with guns".
Alpha: "I'm the friend with guns".

This is the discussion we need to be having.........😁