I’ve just been in Liverpool with Monetary Policy Committee member Andrew Sentance. He told me it wasn’t helpful to talk about green shoots at the moment – instead, we should be looking for an indication that things are bottoming out (see the clip below).
He also said there were promising signs the downturn was easing, but that it was too soon to say when the recovery would in fact start. You can see his full answer in this longer interview video (about 6.30 mins in).
Full report on tonight’s show and here on the web.
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Just walked around the suburb where I grew up. Its the most depressing thing I’ve ever done. Industrial units are now stuffed full with second hand furniture, the major industry is completely gone. The High Street is devoid of quality shops and big names, pound shop now prices everything at £1.29 and even the charity shops look run down.
All thanks to bad Government and planning, excessive business rates/rents, over-regulation and too many people (i.e. Business leaders, Bankers, Politicians) taking too much out of the economy to line their own pockets…
The cash machine which were people’s houses are only really worth half as much as than they were.
Laying fresh grass on top of tarmac will result in a false recovery followed by another recession. Low interest rates are just delaying the invertible, put the rates up, regulate lending. Let the crash happen. Then we can start on a new playing field, with real green shoots.
I wonder if the recovery will be more painful then the recession. Taxes will need to rise to pay for all the loans and if the conservatives get in they say we need to live within our means so we may need job cuts in the public sector.
george soros thinks things are improving
George Soros IS the Chief Architect is the down fall of the US Ecomony along with his Illuminati Bankster Friends and the Fed Reserve..and Mr Obama rubber stamping everything bailout related, the American People dont stand a chance!!
As Mr Soros said himself “I’m having a great crisis!!” I dont think the the majority of American’s will be sharing his obvious glee…do you?
The cure for fixing the balloon which has burst seems to be patch up the balloon with spit & newspaper and reflating it…
Doomed to failure. Sooner or later the balloon will crash again. We need something more efficient, something that we can pilot and steer rather than just going up & down and being blown whichever way the wind takes it…
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