Thursday 30 October 2008

The British economy is in the best condition to weather ... blah, blah, blah

Sure about that, Gorgon? Some dumbass yank doesn't think so:

Recent growth looks a lot like ... 1996. Don't believe me?

Of course, third quarter real GDP comes out tomorrow, and everyone knows it will be low - I'd go so far as to say there are a lot of folks who have their heart set on it making the world look like it's 1932 all over again.

More importantly, it will be used by everyone to justify increased centralization of decision-making ... even though the world spent most of the last century learning that centralized decision-making always ends up being reactionary, inefficient, and ossifying.

Tomorrow's number will change things for the worse, so it is worthwhile to point out now that the last time the economy looked like this was July of 1996.

You read that correctly. Don't believe me? Check the data at the source - second link from the top.

You are also correct to recall that the sky wasn't falling then.


So actually, Britain is uniquely positioned for the "storm", because it's the only one in it. Turns out those pesky yanks actually aren't having a recession at all, it's just us.

Fuck off and die, you arrogant, hypocritical, mendacious, snot-eating, fat, monocular, Scottish cunt.

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