I1L2T3 Posted December 26, 2011 Share Posted December 26, 2011 Couple that with the fact Brazil is 11th on the table as having the worst inequality in the wealth gap so most Brazilians have nothing. There was someting on a TV news channel about rich Brazilians. Many of them live in gated secure estates and commuting to work by helicopter is not unusual - it seems that travelling by road is too unsafe. Sao Paulo has 500+ helicopters shuttling the rich back and forth above slums where people live in conditions and poverty we can't imagine. Link to comment Share on other sites More sharing options...
f0rd Posted January 25, 2012 Share Posted January 25, 2012 So much for optimism... Link to comment Share on other sites More sharing options...
JFKvsNixon Posted January 25, 2012 Share Posted January 25, 2012 What? The UK economy has only grown for this quarter, overall for the year our economy is either going to be stagnant or slide back into recession. Osbourne's economic policies are starting to make Browns look sane (thats not a good thing). Did the economy did grow a little over the year then? Link to comment Share on other sites More sharing options...
MrSmith Posted January 25, 2012 Share Posted January 25, 2012 So much for optimism... I wouldn't say that two years we clambered out of the crash; I would say we just postponed it by increasing our debts. Link to comment Share on other sites More sharing options...
truman Posted January 25, 2012 Share Posted January 25, 2012 So much for optimism... From the same link “While the UK clearly faces a clear risk of sliding back into another recession, there are growing indications that any downturn is likely to be mild and short-lived.” Link to comment Share on other sites More sharing options...
WeX Posted January 25, 2012 Author Share Posted January 25, 2012 no not good news but its not a recession until we have 2 quarters of negative growth and -0.2 isnt a long way away from no growth. its all semantics anyway as this crisis is being fueled by the EU. the UK is going well in the international bond markets though and our economy has not been downgraded like others have. the uk is paying less that 3% on 50 year bonds. Germany is the only country in the EU doing any better. we are in for an interesting time over the next 12-24 months though, but one thing is sure, the shower of sh.. previous governments plans to borrow even more money was a recipe for disaster as shown by the likes of Greece, Spain and Portugal. Link to comment Share on other sites More sharing options...
JFKvsNixon Posted January 25, 2012 Share Posted January 25, 2012 no not good news but its not a recession until we have 2 quarters of negative growth and -0.2 isnt a long way away from no growth. its all semantics anyway as this crisis is being fueled by the EU. the UK is going well in the international bond markets though and our economy has not been downgraded like others have. the uk is paying less that 3% on 50 year bonds. Germany is the only country in the EU doing any better. we are in for an interesting time over the next 12-24 months though. Very true, it's reported that we did better than France or Germany in the forth quarter. It's also reported that our economy is predicted to do a lot better than the Euro-zone's, as our is predicted to grow and theirs is predicted to shrink. Link to comment Share on other sites More sharing options...
Grandad.Malky Posted January 25, 2012 Share Posted January 25, 2012 Am I missing something, having read the OP`s link I cant see where the glimmer of home is ……. Never mind the bank can just make up another 50bn of “funny money”, that should sort it. Link to comment Share on other sites More sharing options...
I1L2T3 Posted January 25, 2012 Share Posted January 25, 2012 If we do one thing well in this country it's bouts of collective insanity. We are currently having an episode where a significant amounts of people have convinced themselves that negative growth is not too bad really. Hmmmmmmm. Link to comment Share on other sites More sharing options...
MrSmith Posted January 25, 2012 Share Posted January 25, 2012 If we do one thing well in this country it's bouts of collective insanity. We are currently having an episode where a significant amounts of people have convinced themselves that negative growth is not too bad really. Hmmmmmmm. Whats so bad about it? Link to comment Share on other sites More sharing options...
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