the economy.

[roaminblue]

Europe's Triple-Dip Recession Arrives: German Industrial Production Crashes Most Since February 2009.
And then a few hours ago we finally got undeniable confirmation that Europe is once again in recession, its third since Lehman, only this one is worse: it is led by the "core" countries, with Germany in the forefront, a Germany which just reported industrial output which suffered its biggest monthly decline in more than five years in August. Specifically, German IP tumbled 4%, led by capital goods which crashed 8.8%; consumer goods sliding 0.4%, and basic goods dropping 1.9%, with the headline plunge far below the consensus of -1.5%, and below even the worst forecast of -3.0%, the biggest drop since February 2009, a result which according to the FT rose "fears that Europe’s biggest economy might be heading for recession and prompting renewed concern about the economic health of the eurozone."
Oh, don't be afraid: the world's largest economic block is now without doubt in a triple-dip recession, which will in turn drag both the US and China down with it.

Zerohedge, huh? Its mostly opinion, for what its worth.

Still not in a technical recession and strong employment data may offset the contraction somewhat. Worth noting the absence of Russia here, though that probably won't be resolved any time soon, it may explain underlying performance a little.

Anyway, I'm firmly in the Soros camp with europe. The private sector can help them, but they have to be willing to engage.

Eitherway, the discussion on whether to cut tax, or stimulate will now emerge again, and probably about time.

 

[Rascal]

Eitherway, the discussion on whether to cut tax, or stimulate will now emerge again, and probably about time.

Will the question of lets stimulate but raise taxes ever happen. Taxes need to be raised to cut deficits surely.

The poor can not pay off the deficit

 

[Rascal]

Im watching Free Speech from BBC4 on Iplayer and it appears our young are far more clued up than most of the RWNJs on here.


It has made my night.

More clued up? Why have the Rightwingers on here run out of sensible things to say?

When did the right on here ever say, ever say, ever say anything remotely sensible?
,
Its usually a mixture of UKIP hate speech, misinformed rubbish and Daily Mail led propaganda.

I am on record on here BTW as being supportive of certain One Nation Tories such as Hesletine and Clarke who valued the whole country rather than just there very rich friends.


It was very refreshing to see our young so politically aware and knowledgeable and they dont like Neo Liberalism as they see it is stopping them havig a future. Fair play to them.

 

[marco]

devalue the pound, it does have benefits it worked for the Japanese exports in the 70s/80s and gave them global dominance in electronics and cars even today the Japanese government is keen to stop the Yen from strengthening

 

[Ronnie the Rep]

Eitherway, the discussion on whether to cut tax, or stimulate will now emerge again, and probably about time.

Will the question of lets stimulate but raise taxes ever happen. Taxes need to be raised to cut deficits surely.

The poor can not pay off the deficit

Sod raising taxes!

 

[Rascal]

Eitherway, the discussion on whether to cut tax, or stimulate will now emerge again, and probably about time.

Will the question of lets stimulate but raise taxes ever happen. Taxes need to be raised to cut deficits surely.

The poor can not pay off the deficit

Sod raising taxes!

Taxes have to rise. We will not pay off our debt unless it happens



Tax in the UK is ridiculously low the effects of that are now being seen

 

[Bill]

Will the question of lets stimulate but raise taxes ever happen. Taxes need to be raised to cut deficits surely.

The poor can not pay off the deficit

Sod raising taxes!

Taxes have to rise. We will not pay off our debt unless it happens



Tax in the UK is ridiculously low the effects of that are now being seen

They are only too low to those that Dont and never will pay any.

 

[Ducado]

Sod raising taxes!

Taxes have to rise. We will not pay off our debt unless it happens



Tax in the UK is ridiculously low the effects of that are now being seen

They are only too low to those that Dont and never will pay any.

Excellent point

 

[Len Rum]

National debt after last government 800 billion

Present debt after so called austerity drives and an upturn in the economy 1300 billion and growing at a rate of about 5 thousand pounds per second.

Soon enough the shite is going to hit the fan.

Shhhh......
A lot of people on here don't want to know this. George is doing a great job, don't you know.Tax cuts all round next few years. LOL!

 

[Rascal]

Sod raising taxes!

Taxes have to rise. We will not pay off our debt unless it happens



Tax in the UK is ridiculously low the effects of that are now being seen

They are only too low to those that Dont and never will pay any.

Everybody pays tax everyday.

Dont be so naive