The UK is out of recession!!!
Let's get back to basics here.
1. The past quarter was only showing 0.1 pct up
2. It's always revised
So I expect for this figure to be revised to 0.0 pct and this is figure massaging!!
I still expect Sterling to go below parity for the Euro.
UK has the same level of debt as Greece and Italy. Greece is in terrible problems.
So why is the sterling not lower. Again it's being massaged.
Economists will scream 'lower sterling brings in inflation', yes because we export more. Isn't that what we want. Besides a change in currency value will NOT affect inflation figures for at least 9 months and this is my 30 odd years experience in the financial markets speaking!
The UK government is not using it's common sense at all!!
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