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January 25, 2013

Coming Soon: England About To Enter Triple-Dip Recession

Yeah.

Obama's something, huh?

Howard Archer, economist at IHS Global Insight, described the situation as “dire” and added: “We believe the economy is essentially flat at the moment. We suspect that GDP will not return to the level seen in the first quarter of 2008 until the first half of 2015 – a gap of seven years.”

Obama's next excuse will be that Europe plunged us into deeper recession.

But one could also say that his failure to create the conditions for good growth in the US has exacerbated the global recession, and caused Europe to fall into recession.

But we won't hear that over here. It'll just be more Japanese earthquakes and ATMs.


Your Mouth

I would apologize for the mess I seem to have made but it was the Tsunami's fault.


More: England's trying slow-motion weak-form austerity. It's neither sparing the country pain, nor getting the pain over with so that the healing can begin.



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posted by Ace at 08:16 PM

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