Red flags emerge as Americans' debt load hits another record Red flags emerge as Americans' debt load hits another record - Page 3
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  1. #21

    Richer than sasguru

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    Quote Originally Posted by OwlHoot View Post
    As I've often said, a government flush with cash, even with the most benevolent will in the World, is a tyranny in the making. ..

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    Sausage eating Swine!

    Anyhow, this is what the BBC has to say.

    German economy narrowly avoids recession - BBC News

    Germany's economy just about avoided falling into recession during the final three months of last year.

    Europe's largest economy registered zero growth during the fourth quarter of 2018, the country's Federal Statistics Office said.

    That means it avoided two consecutive quarters of contraction, which is the usual definition of a recession.


    A weak trade performance dragged on the economy, and consumer spending remained subdued.

    The zero growth recorded in the October-to-December period followed a 0.2% contraction in the previous quarter.

    Reasons for slower growth last year include a slowdown in the global economy and a weaker car sector, with German consumers less willing to buy new cars amid confusion over new emission standards.
    Inneresting that the BBC says the UK slowdown in the car sector is due to B r e x i t ...

  2. #22

    More fingers than teeth

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    People who dont understand Economics think surpluses are a sign of a healthy economy.

    Successful economies can run deficits indefinitely. As long as your economy is growing internally and you are creating enough new money then there is no issue.

    Christ, half of you think running a 12 invoice a year company makes you an economist.

  3. #23

    Prof Cunning @ Oxford Uni

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    Quote Originally Posted by DimPrawn View Post
    Inneresting that the BBC says the UK slowdown in the car sector is due to B r e x i t ...

    Nope, the BBC reports that the companies who are pulling out of manufacturing in the UK are doing so because of it. They are not saying that it is responsible for the slow down in sales of cars, unless they are quoting car makers (or the SMMT) who say that.

    New car sales plunge 20% in September - BBC News
    Car sales see biggest fall since financial crisis - BBC News
    Brexit: Car investment halves as industry hits 'red alert' - BBC News

    But don't let the truth get in the way of your opinion.
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  4. #24

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    Quote Originally Posted by WTFH View Post
    Nope, the BBC reports that the companies who are pulling out of manufacturing in the UK are doing so because of it. They are not saying that it is responsible for the slow down in sales of cars, unless they are quoting car makers (or the SMMT) who say that.

    New car sales plunge 20% in September - BBC News
    Car sales see biggest fall since financial crisis - BBC News
    Brexit: Car investment halves as industry hits 'red alert' - BBC News

    But don't let the truth get in the way of your opinion.
    So car sales are down in the UK (as they are in Germany and many other places).

    Let's see shall we what the cause is in the UK:

    Car sales see biggest fall since financial crisis - BBC News

    the second consecutive year that the market has declined - on uncertainty over Brexit

  5. #25

    Prof Cunning @ Oxford Uni

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    Quote Originally Posted by DimPrawn View Post
    So car sales are down in the UK (as they are in Germany and many other places).

    Let's see shall we what the cause is in the UK:

    Car sales see biggest fall since financial crisis - BBC News

    Good old BBC-hater, let's deliberately take part of a sentence out of context.

    What does it actually say?

    The SMMT blamed last year's fall in cars sales - the second consecutive year that the market has declined - on uncertainty over Brexit and a shortage in supply of some vehicles due to a new emissions testing scheme.


    Who blamed Brexit? Was it the BBC, as Wailers would have us believe, or was it the SMMT?
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