Category Archives: WHAT recession?

REJOICE – THE RECESSION IS OVER

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Been away all day but have had the misfortune to catch several BBC news stories. It struck me that green shoots of recovery are everywhere today if we listen to the State Broadcaster. The housing market is on the up, new car sales are on the rise and…unemployment is also rocketing up. Sorry, scrap that last one. Even better, the Bank of England pumps more cash into the economy because, erm, well, the recession is deeper than the experts reckoned! Labour has been able to grab onto these fantasy green shoots and claim that this is further proof that Alistair Darling’s predictions about modest growth by year end are correct. Why does the BBC promulgate these fantasy economics? Maybe they share Brown’s delusion that with recovery underway next Spring, there is still a small chance that – yes – another five glorious years is possible. Surely not?

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I CAN SEE FOR MILES!

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You have to hand it to the BBC, they really are doing their best for Gordon Brown. Today they are providing much publicity to the claims by an economist called David Miles, soon to be a member of the totally independent MPC! More green shoots of recovery – recession bottoming out – nothing to see, move along, Vote Labour. You get the drift.

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