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It’ll all be over by Christmas…

Gordoom has promised us the recession wil be over by Christmas.

Is he even madder than I thought?

When was the last time anyone made such a promise? Oh, yes, the Summer of 1914 and didn’t that turn-out well!

You can read the whole thing here but I must warn you that vomit is murder to get out of a keyboard.

Or is he really psycho and he’s betting the farm (mine and yours, not his) on people going on a spending spree for Crimble? On tick of course which is how we got ourselves into this mess in the first place.

In which case it begs the question as to whether there is any procedure for Her Majesty to dispatch a couple of trick-cyclists from the Freud Squad to Downing Street with five-point restraints and a bottomless van to convey Mr Brown to a rest-home for the clinically deranged.

4 Comments

  1. jameshigham says:

    Gordo’s seriously away with the fairies now at the bottom of the garden.

  2. Philip Scott Thomas says:

    …Freud Squad…

    Genius.

  3. El Draque says:

    You know, he could be right – there, I said it.
    The drop is slowing, so could turn round by then.
    Anyway, worth remembering that (for example) Germany had a six percent drop in GDP year on year, and is now 0.3% up – on the reduced figure.
    Britain dropped 4.9% and is maybe levelling out.
    Who has the most money?

    In particular sectors: year on year, Germnay 18% down for manufacturing, Japan 20% down, Spain 35% down; Britain 11% off.

    Yes, I am an economic stats geek in my spare time.

  4. Paul Marks says:

    Actually the orgy of government spending and monetary expansion (i.e. creating money from nothing) may produce a boomlet – house prices are already going up.

    Of course the whole thing will then collapse in an even worse mess – but “in the long run we are all dead” (as, perhaps, El Draque, would agree). The long run being a year or so.

    If only it were true that at least all “Progressive” people would be dead in such a “long run”.

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