Britain entering a recession?

x

They are a favourite tool of fascist and reactionary governments everywhere.

It's odd. You seem quite intelligent.

However, you only seem intelligent about 50% of the debate (i.e. The side that supports your argument...)


For example, I didn't see you make a thread last week about the fact that the IMF published growth figures that said that the UK will still have higher growth than France, Germany & Italy for at least the next few years. The best out the wealthy European countries! Combined with better than expected growth in the run upto Brexit.

There's always good and bad economic data. Brexiteers are taking the great data and using that as proof everything is rosy. People like yourself are taking the negative data and forecasting the apocalypse.

You come off as someone who is more interested in pushing an agenda rather than providing actual insight.

The situation is rather more nuanced that either of these positions. We will have to wait and see.


SS

There's nothing in the rules of TSR that says you have to make balanced threads. I say what I believe, which may or may not come off as bias to others.

There is a world wide crisis coming, and still people so dense as to be fighting each other than who really did this to them AGAIN (The Banks & Government)

Also I don't think a Third World War can be stopped now, its just a matter of when and not if now.

Lots of warnings coming through now about the economy. The Bank of England is widely forecast to be cutting rates shortly, from the already-low 0.5% (once they've done this cut, that method of stimulating the economy will be fully exhausted) - the all-important Service PMI (which predicts what services are going to buy) is sharply down and many economists are predicting a recession.
http://www.telegraph.co.uk/business/2016/08/03/ftse-100-to-open-lower-hsbc-gets-pummelled-and-next-faces-higher/

So much for all the lies from the Brexiteers about everything looking much better than Remainers said it would. In fact, if anything, it's looking worse.

No, there's no rules against it. However, it does make you seem less than genuine.

SS

Signs that growth is slowing not because of brexit vote but because it is time for a recession. ( It's been 7 years since last recession... recessions are estimated roughly every 7 years.)

Lmfao when i saw this person's reply to you're perfectly reasonable comment i just started laughing. This person claims to have gone to Oxford to study PPE and is a researcher yet fails to evaluate both sides of an argument to come to a conclusion. I think we are wasting our time with this utter moron.

In my experience, Oxford is a massive left-wing bubble that just needs to be popped...

Nope: 1990/91 recession to 2008/9 recession was a 17 year gap.

They are a favourite tool of fascist and reactionary governments everywhere.

That's just not the case - if anything, the reverse is true.

Going back to my OP, I don't need to address all possible arguments when I am referencing a new set of developments. However, the main argument you made, that the FTSE indices are rising, is a pretty thin one, as equities can rise in recessions and fall in growth periods. The PMI is an indicator of what's happening in the real economy.

What about communists?

Only if they know they will get a 99.2% yes vote on a 99.% turnout.

Exactly. A dictatorship will use a referendum only if it thinks it will go the way it wants and then use to to go on a big crackdown.

The way the UK uses referendums is not like that of a dictatorship. If we were a dictatorship we would not be leaving the EU since the referendum did not go the way most of the ruling class want. Funny how the so called progressives who do not want to leave are the ones behaving like little dictators...

but it still operated within a context of wholesale misleading of the working class and distortion of major issues.