How can a country that makes nothing and does nothing recover?
money.cnn.com...
The British Surprise Drop, page 1
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ATS Members have flagged this thread 3 times
ATS Members have flagged this thread 3 times
Topic started on 28-10-2009 @ 11:50 AM by eldard
money.cnn.com...
Britain's gross domestic product suffered another decline in the third quarter of 2009, figures showed Friday, meaning the country remains mired in recession.
Some analysts had expected Friday's GDP figures to show the recession in Britain was over.
money.cnn.com...
reply posted on 28-10-2009 @ 12:14 PM by TreadUpon
reply to post by eldard
Oh, now, the Brits do make some great beer! I'm doing my best to help their economy!
Oh, now, the Brits do make some great beer! I'm doing my best to help their economy!
reply posted on 23-1-2010 @ 04:44 AM by jpmail
reply to post by GW8UK
I hope that is sarcasim ? Hes a bumbelling idiot who got the job because his buddy passed it to him.
I hope that is sarcasim ? Hes a bumbelling idiot who got the job because his buddy passed it to him.
reply posted on 23-1-2010 @ 06:57 PM by OBE1
Originally posted by johnny2127
Gordon Brown is an embarrassment to economic thought and public service.
The Gordon Brown that looted the Kingdom's Gold vaults at $275oz ?
Forever to be known as "Brown's Bottom" , this amazing blunder marked the beginning of the current bull market.
In what might be regarded as the definition of calling the bottom of the market, Mr Brown, who was then Chancellor, sold nearly 400 tonnes of the Bank’s gold at an average price of $275 an ounce. The sale raised about $3.9 billion between 1999 and 2002 but had he sold the metal this year, he would have raised $13.8 billion, based on an average price of $978 an ounce.....
The Bank of England holds 310.3 tonnes of gold, worth $10.7 billion. Mr Brown’s firesale means that the UK now ranks 16th in the world for gold reserves, according to the World Gold Council. It is between Venezuela at 15th and Lebanon at 17th.
Full Text
That Gordon Brown ???
reply posted on 23-1-2010 @ 10:50 PM by Rockpuck
reply to post by eldard
You can't! .... It's magic.. see.. magic only works if you BELIEVE! .. So close your eyes, think reeaaallll hard.... and ignore everything else, and most importantly truly BELIEVE!
And the recession is over!! yay! Penniless, homeless, doesn't matter, because the recession is over.
This is eno-economics.. a new version of economic principle (2%) magic (48%) and bull$%^& (50%)
And it shows up as "GDP"
You can't! .... It's magic.. see.. magic only works if you BELIEVE! .. So close your eyes, think reeaaallll hard.... and ignore everything else, and most importantly truly BELIEVE!
And the recession is over!! yay! Penniless, homeless, doesn't matter, because the recession is over.
This is eno-economics.. a new version of economic principle (2%) magic (48%) and bull$%^& (50%)
And it shows up as "GDP"
reply posted on 24-1-2010 @ 06:16 PM by timski
Originally posted by OBE1
The Gordon Brown that looted the Kingdom's Gold vaults at $275oz ?
Forever to be known as "Brown's Bottom" , this amazing blunder marked the beginning of the current bull market.
In what might be regarded as the definition of calling the bottom of the market, Mr Brown, who was then Chancellor, sold nearly 400 tonnes of the Bank’s gold at an average price of $275 an ounce. The sale raised about $3.9 billion between 1999 and 2002 but had he sold the metal this year, he would have raised $13.8 billion, based on an average price of $978 an ounce.....
The Bank of England holds 310.3 tonnes of gold, worth $10.7 billion. Mr Brown’s firesale means that the UK now ranks 16th in the world for gold reserves, according to the World Gold Council. It is between Venezuela at 15th and Lebanon at 17th.
Full Text
That Gordon Brown ???
Also the same Gordon Brown that announced a £16 Billion public-asset sale to cover the economic losses, and in announcing so, wiped billions off the value of sterling in one move.
So what was worth £16 billion on-paper is now worth a whole lot less as the result of his opening his gob
genius...sheer genius
reply posted on 24-1-2010 @ 07:34 PM by johnny2127
Originally posted by timski
Originally posted by OBE1
The Gordon Brown that looted the Kingdom's Gold vaults at $275oz ?
Forever to be known as "Brown's Bottom" , this amazing blunder marked the beginning of the current bull market.
In what might be regarded as the definition of calling the bottom of the market, Mr Brown, who was then Chancellor, sold nearly 400 tonnes of the Bank’s gold at an average price of $275 an ounce. The sale raised about $3.9 billion between 1999 and 2002 but had he sold the metal this year, he would have raised $13.8 billion, based on an average price of $978 an ounce.....
The Bank of England holds 310.3 tonnes of gold, worth $10.7 billion. Mr Brown’s firesale means that the UK now ranks 16th in the world for gold reserves, according to the World Gold Council. It is between Venezuela at 15th and Lebanon at 17th.
Full Text
That Gordon Brown ???
Also the same Gordon Brown that announced a £16 Billion public-asset sale to cover the economic losses, and in announcing so, wiped billions off the value of sterling in one move.
So what was worth £16 billion on-paper is now worth a whole lot less as the result of his opening his gob
genius...sheer genius
Quite literally, Brown's decisions and policies have been a text book on exactly what NOT to do. The British recognize this though and he is getting killed in all polls. He won't be Prime Minister too much longer.
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