The point is the USA and other major economies were already on the turn down before Brexit.
All the pumped up funny money only goes so far...mostly it goes to banks and wealthy property owners.
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Reply to: Big fall in GDP
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Previously on "Big fall in GDP"
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Originally posted by Old Greg View PostIf it ended on 30 June, it is unlikely to be seriously affected by a vote on 23 June, is it?
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Originally posted by Old Greg View Post
If it ended on 30 June, it is unlikely to be seriously affected by a vote on 23 June, is it?
(Or it may have been someone else commenting in the lastest House Price Index thread.)
Basically, for a Remainer, whatever the question about some apparent or actual deterioration, Brexit or its anticipation is the answer!
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These are all pre brexit figures, so the real hit will come in 3 months time. Biut Brexiteers keep telling themselves it all looks fine. Sleep well.
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Originally posted by FatLazyContractor View PostGlad to see that you found your excuse for the day. Come back tomorrow with moreexcusesnews.
Edit: sorry, they have an extra 1.2 girlies, we have an extra 2.2 girlies. Put in language you understand!
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Originally posted by GB9 View PostInteresting that our GDP grew in the same period, despite Brexit. Shows things are slowing down everywhere else regardless.excusesnews.
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Interesting that our GDP grew in the same period, despite Brexit. Shows things are slowing down everywhere else regardless.
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Big fall in GDP
U.S. Economy Grew a Less-Than-Forecast 1.2% in Second Quarter @ Forex Factory
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand. Gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent advance the prior quarter, Commerce Department figures showed Friday in Washington. The median forecast of economists surveyed by Bloomberg called for a 2.5 percent second-quarter increase.
Nothing to do with money printing, negative interest rates, asset bubbles and falling incomes I'm sure...Tags: None
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