The so called UK economic recovery

[original PM]

Is it possible for every country on the planet to export more than they import?

If the answer to the question is no then obviously there will always be some countires in 'recession' so do we take the stance that as long as it is not the UK that is fine?

Or do we take the stance that it is not fine and so we help every single country in the world to export more than they import. But logic states this cannot be correct as that would mean every single country has a growing economoy.

Taking that logic a step further it means if the global economy is to grow then globally we must export more than we import... so have we found the little green men then?

Any one got any answers?

[doodab]

Any one got any answers?

Yeah, find out the difference between a balance of payments defecit and a recession.

[sasguru]

Yeah, find out the difference between a balance of payments defecit and a recession.

Economic threads on CUK always make me chuckle, with most posters only proving why IT people don't have much respect generally. It's a case of a little intelligence is a dangerous thing.

[Old Greg]

Economic threads on CUK always make me chuckle, with most posters only proving why IT people don't have much respect generally. It's a case of a little intelligence is a dangerous thing.

The important thing is to set the standard for the week early on.

[original PM]

Yeah, find out the difference between a balance of payments defecit and a recession.

But everyone is saying that to get out of the recession we need to export more than we import...

or are they lying?

are you lying?

is the actual truth no one has a fookin clue?

hmm?

[doodab]

But everyone is saying that to get out of the recession we need to export more than we import...

or are they lying?

are you lying?

is the actual truth no one has a fookin clue?

hmm?

They might be right, but a recession is when the economy is contracting I.e. GDP is going down. A negative balance of payments doesn't mean we're in recession or vice versa.

[DodgyAgent]

A recession is when agency margins fall below 20%

[MyUserName]

is the actual truth no one has a fookin clue?

I think that this is actually closest to the truth - well, at least for me it is!

[Old Greg]

A recession is when agency margins fall below 20%

That is an economic meltdown, my friend. However I have hedged against this by shorting Brylcreem.

[DodgyAgent]

That is an economic meltdown, my friend. However I have hedged against this by shorting Brylcreem.