Reply to: Green shoots

[BrilloPad]

If there is growth in Q3 I wonder if it is down to the Olympic effect?

[Mich the Tester]

Its either that or growth. And I can't see growth happening.

No, you can't see growth. That's why this lady's made a helpful video;

[Mich the Tester]

Has anyone seen any? I know some people in motor trade and construction. They still think things are dire.

I suppose if the economy has grown atall in Q3 its better than the contraction we have just been through. But hardly green shoots.

Its tough when money is concentrated in the hands of the few so does not flow round the economy properly. I struggle to see where growth is going to come from for a few years yet.

MyCo's sales are up on last month. And the month before.

[Robinho]

Reducing it would also be a nice sign.

[Doggy Styles]

Getting rid of the actual deficit would be a nice sign. And reducing the trade deficit.

You can look at GDP as long as you consider what the gov is spending/printing too.

Reducing the deficit. Getting rid will take many years, and I'm not sitting in a depressed heap until then.

Not so easy though when your biggest market is a bit pear-shaped.

[Robinho]

Getting rid of the actual deficit would be a nice sign. And reducing the trade deficit.

You can look at GDP as long as you consider what the gov is spending/printing too.

[Doggy Styles]

GDP has more typically represented how much tulipe we have been splurging on credit and not how productive we have been.

My question was, putting it another way, what should we be looking at instead?

[Robinho]

GDP has more typically represented how much tulipe we have been splurging on credit and not how productive we have been.

[sasguru]

What source of knowledge have you got that has a higher standing than GDP figures?

Just asking.

You should know by now that Robbie doesn't deal in facts and figures, just the random feelings that arise in his head.
It's the lack of an education, don't you know.

[Doggy Styles]

You can pretty much ignore the GDP figures these days.

We're on a nice downward tragectory for a good few years regardless of what they show.

Inflation will go pretty wild i suspect.

What source of knowledge have you got that has a higher standing than GDP figures?

Just asking.

[BrilloPad]

Inflation will go pretty wild i suspect.

Its either that or growth. And I can't see growth happening.

[Robinho]

You can pretty much ignore the GDP figures these days.

We're on a nice downward tragectory for a good few years regardless of what they show.

Inflation will go pretty wild i suspect.

[BrilloPad]

Do you _still_ not get it ?

Money isn't concentrated in the hands of the few but the many - The many Chinese and Indians and other former Third Worlders benefitting from globalization.

Looking at Asia, most of them are still incredibly poor - their economies are doing well. A bit like the UK in Victorian times.

But looking at the UK, all the money printing has done is get money flowing round the banks. Not nearly enough has fed through to the real economy.

[OwlHoot]

Its tough when money is concentrated in the hands of the few so does not flow round the economy properly.

Do you _still_ not get it ?

Money isn't concentrated in the hands of the few but the many - The many Chinese and Indians and other former Third Worlders benefitting from globalization.

[Doggy Styles]

Rubbish! How many firms are members?

What do you mean?