Its all relative and proves that there are many shades of bad. The world economy is clearly more dynamic and economies change in different regions accordingly.
Reuters: UK still in recession after shock Q3 contraction
The Office for National Statistics said British gross domestic product fell by 0.4 percent between July and September, meaning the economy has contracted for six successive quarters for the first time since records began in 1955.
"We now know that Gordon Brown's recession plan has not worked, and this news has destroyed Labour's claim that Britain was better placed than other countries to weather the storms."
3 comments:
Scary. Were in for atleast another bad yr. of high Unemployment. Wall st. might be popping the corks but they're a shameless bunch.
All these people are just working over time to destroy main st. and use our tax dollars to line their own pockets.
The numbers were in the .5% contraction area and they were predicting slightly over 0% increase. So its technically still recession area but even England is improving.
Wall Street is divorced from the American public and simultaneously works like a big blood tick on its underbelly.
The whole Wall st. ethic is sick now. Wall st. might as well move to the moon. The whole street is filed with traitors. So called free trade and wall st. have destroyed the middle class. When middle class means working a Gov't job your society is screwed.
Post a Comment