4 replies to this topic

[mudmanc4]

Britain is officially back in recession. After the recovery failed to gain any traction in 2011 when the economy grew by a paltry 0.9 per cent for the full year. And 2012 has begun badly.

The economy shrank 0.4 per cent in the final quarter of 2011 and then another 0.3 per cent in the first quarter of 2012.

That marks a technical recession, something analysts had thought the UK would narrowly avoid.

It also means we're in the first 'double-dip' recession since the economic turmoil of 1975. 'Double dip' is where the economy goes back into a recession before it has had a chance to recover its previous high of economic output.

The technical measure of recession' is two 'quarters' of the year, back-to-back, where the size of the economy shrinks, as measured by GDP (Gross Domestic Product).

We remain a long way from that 2008 peak - the economy saw below-par 2.1 per cent expansion in 2010 following a 6.4 per cent plunge during the 'Great Recession' of 2008-2009.

We're now in the longest slump in more than a century.

The graph below shows how the economy has recovered after previous recessions. This downturn has been worse than the Seventies, in terms of the trajectory of the economy, and even more severe than the Great Depression of the 1930s, when GDP recovered its previous high after nearly four years.

Source

[Roco]

indeed it's so , truth to be told it never was out of recession since the 80's ,
we offshored everthing , then relied on service industries ,mainly finacial ,
now the sh*t has hit the fan , and dumb asses are weeping and wailing ,

[mudmanc4]

indeed it's so , truth to be told it never was out of recession since the 80's ,
we offshored everthing , then relied on service industries ,mainly finacial ,
now the sh*t has hit the fan , and dumb asses are weeping and wailing ,

Sounds very much like the pukes here in the US. Other then the inflated messes caused by politicians to make the citizens think everything was ok so they would spend the country into a delusional mess of debt. Simply put , at this point without the serious debt , the place would be in a very deep depression. Why? If I think about it , what country would continually pump more crap into this country if they weren't owed so much ? I think none.

Must be the same people running every country , humph , makes sense to me.

[Roco]

I figure great changes are a foot , it's happened througout history , ( I bet the Romans thought it would never end ,)
maybe it's natures way of keeping folk up on their toes and running , like a world wide relay race with the baton changing hands, ?
indeed no dynasty can last forever , Hiters 1000 year reich only lasted 6 years or so , the UK's lasted about 200 years ,
Personaly I don't have a problem thinking that way , the world needs change , standing still causes stagnation IMHO,

does one group of people rule the world, I doubt it for if they did they would be open to constant chalenge , the group would be constantly evolving , as it does now , the only differance today it's not the survival of the fitist , but who has the most money and therfore influance ,
Just my thoughts

[mudmanc4]

Well the US's current dictator is doing a fine job of that change you speak of.

The GDP was announced today at 1.5% , which is the perfect direction those that are rooting for obama want to see.

They all want the US to be along the same lines as any third world under developed country , no large soda's , no one company employing anyone , and no one owning or possessing anything more then they have. And there well on there way to achieving it.

Can't wait to see the next set of numbers in october , dare to bet there even lower, it's been going down for years. And the obama people will cheer him on , rally behind him and revel in his achievements.