Wednesday, August 08, 2012

NOW THEN. WHERE'S THAT PLANK?

Last year growth this year was predicted to be 2%. In May this was revised down to 0.8%. Today it is now near zero per cent. And this is still only August!
The Bank of England has cut its growth forecast to close to zero from the 0.8% predicted in May, as the double-dip recession intensifies.

The quarterly inflation report indicated no growth for 2012 compared with 2% predicted a year ago.
[source : Bank cuts growth forecast close to zero, BBC, http://www.bbc.co.uk/news/business-19174649, 08/08/2012]

What are the odds the final measure will be negative? From 2% to 0.8% to 0% to...?

We have multiple Bilderberger Captain Oik as Chancellor with his fascist austerity that is obviously not working, and Bilderberger Mervyn King at the BoE.

You can see where I'm going with this...

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