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Wednesday, 11 August 2010 13:11

Look, Big Surprises Coming from the UK and China!!! UK and Chinese Growth Slower Than Expected, but Exactly Where BoomBustBlog Said It Would Be

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Quick Asian and European Recap, taking it in baby steps...

Reggie Middleton warns that the UK prospects for recovery are dramatically over-hyped and optimistic (March 2010): See Osborne Seems to Have Read the BoomBustBlog UK Finances Analysis, His U.K. Deficit Cuts May Rattle Coalition
Bank of England warns UK recovery will be weaker than hoped (Telegraph)
Bank of England Cuts Growth Outlook, Sees Inflation Undershoot (Bloomberg)

The non-sense that passes as the financial reporting from these sovereign entities should be ridiculed. I’d like to take this time to share page 4 of our subscription-based analysis of the UK’s predicament (subscribers, see File Icon UK Public Finances March 2010)…

UK report pg 4UK report pg 4

You see, things are materially worse than Britain is letting on. Now, if we were to reverse the exaggerations, optimistic assumptions and outright lies (speaking of which, reference Lies, Damn Lies, and Sovereign Truths: Why the Euro is Destined to Collapse!)…

uk_economic_estimtes.pnguk_economic_estimtes.png

… and in terms of government balance over-optimism???

uk_gaovernment_balance_projections.pnguk_gaovernment_balance_projections.png

Those interest in our higher end analysis can access our subscription services by registering here.

And from Asia:

China Output Growth Weakens; Inflation Accelerates (Bloomberg)
As BoomBustBlog made clear many months ago..

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JComments

ReggieMiddleton: @Digikelly @pdacosta @hmtreasury @ReutersJamie many thanks, original article is here, much more to the conversation http://t.co/wCr1I59MNY

about a day ago from HootSuite

ReggieMiddleton: @islesail it matters much less for the states... the US had its own printing press, Scotland, Cyprus and Iceland do not.

about a day ago from HootSuite

ReggieMiddleton: @BrettBina the answer to that question is contained in the subscription documents towards the end if the article.

about a day ago from HootSuite

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