Reading GDP

  To market to market to buy a fat pig. To go with the new warmer season, the season of new life, our GDP read yesterday showed the economy has green shoots again. Hello growth. Goodbye recession. The headline read which is a quarter on quarter, seasonally adjusted and then annualized number (phew take a … Continue reading Reading GDP

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Howzit Recession

"So what next? More debt to GDP (as a result of lower GDP and more borrowing) and unfortunately less spend means lower tax collections. Which means lower revenues. Which leads to lower government spend. The other unfortunate part is, as Michael pointed out whilst he was listening to the wireless, is that radio stations are … Continue reading Howzit Recession