UK already entering recession say economists

[dribbles]

UK Debts, debts you say? You mean like the 269 000 000 000 Euro Germany/Little Syria owes Greece and is about to get sued for?

http://www.spiegel.de/wirtschaft/soz...a-1107034.html

Oops, wonder how many they have to print and devalue by to pay that debt off. Meanwhile back in the real world and in other news, Great Britain continues to Boom. Tralalalala keep those tin hats on boys, but do look closer to home.

[Iphie]

UK Debts, debts you say? You mean like the 269 000 000 000 Euro Germany/Little Syria owes Greece and is about to get sued for?

http://www.spiegel.de/wirtschaft/soz...a-1107034.html

Oops, wonder how many they have to print and devalue by to pay that debt off. Meanwhile back in the real world and in other news, Great Britain continues to Boom. Tralalalala keep those tin hats on boys, but do look closer to home.

Yeah, that's a load of horseshit and the Greeks know it this was handled in 1990.

https://en.wikipedia.org/wiki/Treaty...ect_to_Germany

[Bollocks]

UK Debts, debts you say? You mean like the 269 000 000 000 Euro Germany/Little Syria owes Greece and is about to get sued for?

http://www.spiegel.de/wirtschaft/soz...a-1107034.html

Oops, wonder how many they have to print and devalue by to pay that debt off. Meanwhile back in the real world and in other news, Great Britain continues to Boom. Tralalalala keep those tin hats on boys, but do look closer to home.

I did not know a growth of 0.1 % was considered a boom. Though that makes Argentina look better in comparison.

[dribbles]

I did not know a growth of 0.1 % was considered a boom. Though that makes Argentina look better in comparison.

Stock market at near record highs, almost full employment with average wages rising above inflation, house prices up, pensions up, inbound tourism up, near top of the table at the Olympics....and the sun is shining.

Could go on with much much more, but might seem like boasting considering the dire straits of the Euroland.

But yes, Great Britain is booming whilst Europe languishes on vacation for the whole of August quaffing on that seemingly never ending cheap pichet of rose. Keep drinking those carafes of sour grapes and spouting the results here, they will run out soon enough as reality,sobriety and September hits.

Nurofen anyone?

Ah yes Nurofen, perhaps I will go on.

Made by that Great British company Reckitt Benckiser, you won't be able to buy it in Europe soon tho hey? Maybe you will have to suffer the hangover? Look on the bright side though it solves Germanys failing demographics as it manufactures Durex too, .... will you be able to buy them after Brexit? no? lot's of mini krauts running around as a result, wonderful. See, Brexit is good for you too!

Brings a smile to my face knowing that every time a Euro has a shag with protection, it's quite likely a few pennies are pumped at the same time into my pension.

Keep banging away boys and don't forget those tin hats.

[Huntingbear_grimbatol]

I'm more curious to see what happens when N.Ireland and Scotland votes to leave the union in 2017/18.

[AeneasBK]

TBH I am cheered by this news. I had no idea you couldn't get ibuprofen, paracetemol and condoms outside of the UK manufacturers.

I mean, I'd by sympathetic but the rest of the world must be very poorly lead if they couldn't come up with thier own alternatives. I mean, come on USA, where's your pharmacuticals at? Huh? Didn't you know all of Europe is going to need to buy from you now?

That or it's all bollocks, I don't know.

[Slant]

And I guess you want to ignore the fact that Hinkley Point with huge Chinese investment. The fact China has expressed desire for a free trade deal with the U.K. "Made in China" Now it has its own power without running to Brussels. Commonwealth countries also expressing the same desire.

Do you think the EU free trade will disappear because st this point I'm not convinced both sides have too much to lose.

Hunny, don't.

Wow... You're looking forward to a deal with China? That's like what, 3 billion people economy vs. 50 mio UK? And you expect the UK to come out on top there? Talk about delusions... China will rape you hard. And in the end, they'll use you to dump cheap chinese shit on your market, more than you could cope with on a good day, let alone just after you tanked your economy and the currency. They'll fucking drown you in chinese products.

The funny bit is, the EU protected you from that until now. And you're having a tantrum about... something, I'm still not clear why "sovereignity" means that much to you when you never were not sovereign. And now you're about to leave the EU and immediately walk up to the biggest bear in the wood apart from the US, wave a big jar of honey under its nose and calmly say "Give me 100 bucks and you'll get the honey."

You'll find out that bears have no concepts of money nor possession. They usually just take what they want. And what you think you're doing? Not of much concern to them.

[Bollocks]

Stock market at near record highs, almost full employment with average wages rising above inflation, house prices up, pensions up, inbound tourism up, near top of the table at the Olympics....and the sun is shining.

Could go on with much much more, but might seem like boasting considering the dire straits of the Euroland.

But yes, Great Britain is booming whilst Europe languishes on vacation for the whole of August quaffing on that seemingly never ending cheap pichet of rose. Keep drinking those carafes of sour grapes and spouting the results here, they will run out soon enough as reality,sobriety and September hits.

Nurofen anyone?

Ah yes Nurofen, perhaps I will go on.

Made by that Great British company Reckitt Benckiser, you won't be able to buy it in Europe soon tho hey? Maybe you will have to suffer the hangover? Look on the bright side though it solves Germanys failing demographics as it manufactures Durex too, .... will you be able to buy them after Brexit? no? lot's of mini krauts running around as a result, wonderful. See, Brexit is good for you too!

Brings a smile to my face knowing that every time a Euro has a shag with protection, it's quite likely a few pennies are pumped at the same time into my pension.

Keep banging away boys and don't forget those tin hats.

Mfw wages keeping with inflation is a sign of a boom.


Also housing prices going up doesn't seem to be good given that it would only incentivize loans to acquire a house.
Also nice way of deflecting from the point, the UK just took QE measures while reducing there interest rates to 0.25%. So much for a booming economy.

[Themius]

Some of you guys don't know shit.

Britain will be fine regardless. I voted remain but it will still remain a power house.

- - - Updated - - -



London is the financial capital of the world. Politically Britain has WAY stronger connections than Germany or France. It's not just economics. Germany has a bigger population. Germany manufactures a lot more, which the UK imports. Without that import, Germany loses out big time. We can go elsewhere and import shit, so.

Ooh honey, the fuck, London is not the financial capital of the world. That's New York baby.

[Tijuana]

UK already entering recession say economists


Britain has likely already entered the early stages of a technical recession likely to persist into early 2017 economists polled by Reuters have said, as post-Brexit uncertainty weighs on sentiment.

From a broadly stable forecast that growth would continue close to the 0.6% expansion achieved in the second quarter, economists now expect it to fall to 0.1% in Q3 and Q4.

The survey followed sentiment surveys suggesting that the British economy was slowing at the fastest pace since early 2009.

‘The recession will largely be driven by sharp falls in business investment over the coming quarters,’ Samuel Tombs of consultancy Pantheon Macroeconomics told the news agency.

‘Most firms will hold off investment until there is a bit more clarity over whether we are likely to remain in the single market... and to see how much other firms are impacted by Brexit.’

More than two thirds said that they expected chancellor Philip Hammond to reverse the austerity policies of his predecessor with a ‘significant’ fiscal stimulus when he delivers the autumn statement, in a recognition that monetary policy was reaching the end of its usefulness.

The survey followed the National Institute of Economic & Social Research’s flash GDP estimate for July, suggesting output fell 0.2% in the month.

The NIESR said that growth was likely to flatline for the remainder of the quarter, and described the likelihood of the UK entering a technical recession as roughly 50/50.

‘The month on month profile, suggests that the third quarter has got off to a weak start, with output declining in July,’ said NIESR research fellow James Warren. ‘Our estimates suggest that there is around an evens chance of a technical recession by the end of 2017.’

Source: http://citywire.co.uk/wealth-manager...omists/a941878

If they do go in to a recession, I recommend Barack Obama for the man to get them out of it. Even though he has had a mere 8 years, we clearly have taken at least one step in the right direction, with only 1,000 more to go. I think with the Obama plan in place, the US will return to a normal economy just a few short centuries from now.

[Kallisto]

Stock market at near record highs, almost full employment with average wages rising above inflation, house prices up, pensions up, inbound tourism up, near top of the table at the Olympics....and the sun is shining.

The FTSE 100 is high only because the pound is so damn weak. In real terms the FTSE 100 is worth 20-30% LESS than what it did the day before the vote took place. Not just that but the FTSE 100 deals with companies that operate mostly outside the UK, therefore have no relevance on the strength on the UK economy as a whole. Unless the £ reaches close to $2 and the FTSE holds high then you have an argument.

As for housing prices, that's going to pop, and it will pop badly

Olympics =/= with Brexit

Inbound Tourism. Goes up yearly anyway.

[Tijuana]

Ooh honey, the fuck, London is not the financial capital of the world. That's New York baby.

What he should have said is London is the finance capital of the world, implying they are the world leader in bank servicing. New York is the capital of the world in general terms, and in corporate terms. But specifically to banking, historically it's been London.

[Deleted]

Ooh honey, the fuck, London is not the financial capital of the world. That's New York baby.

Mm Hun. No. Sweetheart you need to go away and do some research xoxo

[Deleted]

You do realize that all that's been happening is that the UK's idiot political leaders have been pumping up a huge housing bubble? That even though the average income is something like 25K there are literally millions of average people who are supposedly millionaires solely because of the houses they live in?

Anyone can artificially raise GDP that way. But its only ever temporary. When the bubble pops and the economy does an Ireland then what?

We do not stop multi billionaires "investing" in housing, so the bubble will never pop.

I watched a documentary where a Russian billionaire "child" was asked if he "would actually live " in the properties he was buying, and he literally balked at the thought....after dropping nearly 50million on 3 London flats.

[Tijuana]

You do realize that all that's been happening is that the UK's idiot political leaders have been pumping up a huge housing bubble? That even though the average income is something like 25K there are literally millions of average people who are supposedly millionaires solely because of the houses they live in?

Anyone can artificially raise GDP that way. But its only ever temporary. When the bubble pops and the economy does an Ireland then what?

Real estate is not part of GDP so, actually nobody can raise GDP by creating a housing bubble. Also personal wealth is not measured in GDP either. Just sayin...

[Ripster42]

Mm Hun. No. Sweetheart you need to go away and do some research xoxo

Who should do research? I mean, I realize it's a newspaper article, but there are others. I hear wiki might have something to say about it too.

[alexw]

Real estate is not part of GDP so, actually nobody can raise GDP by creating a housing bubble. Also personal wealth is not measured in GDP either. Just sayin...

Yes you can. You inflate an asset bubble which makes people feel wealthier. They then start to borrow against their rising asset values and spend those monies. Plus all the additional credit flowing from the bubble itself stokes the economy and creates a feel good effect, again boosting consumption as people save less and borrow more.

If you still don't believe me look at what happened to GDP for all the housing bubble economies leading up to 2008.

[Themius]

Mm Hun. No. Sweetheart you need to go away and do some research xoxo

You should go along with what the other poster said, UK has banks... but when it comes to the financial industry as a whole NEW YORK is the center of it.

There's a reason why no matter where in the world you are, a stint in a New York investment bank looks much better on your resume than one in London.

[Ripster42]

You should go along with what the other poster said, UK has banks... but when it comes to the financial industry as a whole NEW YORK is the center of it.

There's a reason why no matter where in the world you are, a stint in a New York investment bank looks much better on your resume than one in London.

I mean, I didn't even include nasdaq, the NYSE is, by itself, still 3x the LSE. Nasdaq btw is the second largest stock exchange in the world, also located in NYC.

[dribbles]

Oh looky what we have here, http://www.reuters.com/article/us-we...-idUSKCN0ZY1BN

Only one of the worlds biggest banks (if not the worlds biggest by capitalisation) deciding where to base its European HQ...The Brexit boom continues!