A constant reminder that life was so much better before the internet
I think this was pretty obvious.The banks just took the money, increased their capital reserves and continued to play the Roulette table in the City.I blogged about this about 3 or 4 months ago on another site.I may be missing something but"I know nowt about economics butA Q4 GDP growth of 0.1%, awaiting confirmation.A Q4 GDP of £315 billionQuantitative Easing of £50 billion equivalent to to 16% of GDP injected.I presume this £50 billion is counted into the GDP?So how come we only grew 0.1% when we had January sales, in November and December, VAT set to increase in January, car sales subsidised and, oh yes, Xmas.Are my calculations or understanding wrong?
Remember you have the party, Collapse into bed.......then later you get the massive hangover...its coming.
Oh Obo... you'd get a fisting stimulus. Right in the anus until your body withers in orgasm.
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