L-Shaped Recession

[Menelaus]

I think the recession is O shaped.

And has 15 dimensions.

Well if you're being a geek about it, it's a sin-cosine wave

[BlasterBates]

no I think it is what they call a whirlpool recession.

the banks imploded and have become incredibly dense and when money gets near to an event horizon, it disappears and can't escape.

[Menelaus]

no I think it is what they call a whirlpool recession.

the banks imploded and have become incredibly dense and when money gets near to an event horizon, it disappears and can't escape.

So there's an accretion disk called the bad debt on the banks balance sheets?

Cool.

But where's the Hawking radiation coming from, or is that in the form of press releases from the government saying "it's all Americas fault"?

[ace00]

Stagflation
DOOMDOOM

[d000hg]

L - shaped? Does that mean it's gone down and will just stay there?

L-shaped is better than "backslash shaped", at least it has a bottom

[MrMark]

Meanwhile unemployment falls in Spain, for the second month running:

http://www.typicallyspanish.com/news...le_22130.shtml

I think it must be all those accountants that Cron will need to use.

Unemployment in Spain fell by 1.5% or 55,250 people in June, according to the official figures just released by the employment agency INEM.
It’s the second consecutive monthly fall and is in contrast to a rise of nearly 37,000 unemployed in June last year. It’s the largest fall seen in June for eight years.

Maybe the Euros are coming out of recession?

[Cyberman]

L for Labour-shaped recession. They've been shaping it since 1997.

[Cyberman]

Meanwhile unemployment falls in Spain, for the second month running:

http://www.typicallyspanish.com/news...le_22130.shtml

I think it must be all those accountants that Cron will need to use.



Maybe the Euros are coming out of recession?

They cut off benefits after 6 months and then no longer count them. Same as here. So unemployment is not falling at all, just the number of claimants.

[PM-Junkie]

I think we are in for a ¿ shaped Recession. Basically none of us have a real clue what's going to happen!!

First sensible comment on the subject I've seen yet

[HairyArsedBloke]

Meanwhile unemployment falls in Spain, for the second month running:

http://www.typicallyspanish.com/news...le_22130.shtml

I think it must be all those accountants that Cron will need to use.



Maybe the Euros are coming out of recession?

Er, wot

Eurostat: Euro area unemployment up to 9.5%

Among the Member States, the lowest unemployment rates were recorded in the Netherlands (3.2%) and Austria (4.3%), and the highest rates in Spain (18.7%), Latvia (16.3%) and Estonia (15.6%).