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Recession is over says Mervyn King

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    Recession is over says Mervyn King

    I'm reminded of Comical Ali for some reason.

    http://www.telegraph.co.uk/finance/e...rvyn-King.html

    #2
    Means sqrt/**** all if the next two quarters are negative-growth...
    ‎"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."

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      #3
      technicall he is not lying. They use a handful of parameters to determine potential growth and weight it against previous periods growth to get an expectation. So he isnt wrong

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        #4
        Lend lend lend spend spend spend - hurray the good ole days are back!
        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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          #5
          Originally posted by TimberWolf View Post
          Y'know, I thought Comical Ali as well. Spooky.
          Insanity: repeating the same actions, but expecting different results.
          threadeds website, and here's my blog.

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            #6
            Originally posted by TimberWolf View Post
            Follow the link it says "may be" which is alot different to "is".

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              #7
              Originally posted by BrilloPad View Post
              Follow the link it says "may be" which is alot different to "is".
              Can I blame it on the BBC?

              http://www.newssniffer.co.uk/articles/252912/diff/0/1

              Confidence was further increased by comments from Federal Reserve chairman Ben Bernanke, who said the US economy was now "very likely over".
              Revision:
              Confidence was further increased by comments from Federal Reserve chairman Ben Bernanke, who said the US recession was now "very likely over".

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                #8
                Does anyone think that Mr King has had his arm twisted?

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                  #9
                  http://order-order.com/2009/09/15/me...pound-whacked/

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