Posts Tagged ‘GDP’
Send out the Clowns
Your Prime Minister Gordon Brown and the New Labour inepts are very fond of statistics. Most of the time, their statistics are "weighted", "massaged" or wrong. Their presentation is often designed to mislead. Here are some simple numbers which clearly show New Labour's main "successes". They came to power in 1997 and that is probably the best starting point: 1. INFLATION. 1997 2.5% , 2010 3.5% 2. UNEMPLOYMENT.1997 2million , 2010 2.5million 3. NATIONAL DEBT. 1997 42% of GDP, [...]
While Rome Burns
A million-and-one things are distracting our politicians - naturally-occurring disasters such as the Chile tsunami, the Haiti earthquake, Global Warming-induced freezing weather. Then there are exceptional occurrences such as the Vancouver Games, the death of Michael Foot, the war in Afghanistan, a non-domiciled Lord and the impending United Kingdom General Election. All are events which have provided many opportunities to ignore the one great constant, the real "elephant [...]
Straw-Clutch Economics
"I don't think so!" The Office for National Statistics (ONS) tells us that during October, November and December 2009 (Q4), the economy, or more specifically UK's production and service sectors grew by 0.1%. That's the good news. The bad news is that during the whole of 2009, our Gross Domestic Product (GDP) fell by a record 4.8%. You have to remember that the above figures are derived statistically with a plus/minus margin of error and in addition, that today's announcement is not [...]
Fools Gold?
A couple of days ago, the FTSE 100 index rose by about 2% and gold reached a new high. In addition, the economy shrank by only 0.3%, compared to the experts' predictions of 0.4% and the banks had a Supreme Court judgement in their favour. So why the continuing uneasy feeling? Next year, interest rates are going to rise and that means that borrowers, both corporate and personal will begin to have difficulty in repaying their loans. This means another wave of write-downs for the banking [...]
GDP
We will be hearing the phrase GDP (Gross Domestic Product) more and more over the next few months. Here's what it is: (more...)










