Big Surprises Coming From the U.K. and China

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

  1. 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
  2. Bank of England warns UK recovery will be weaker than hoped (Telegraph)
  3. Bank of England Cuts Growth Outlook, Sees Inflation Undershoot (Bloomberg)

The nonsense 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:

 

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!)…

… and in terms of government balance over-optimism?

And from Asia:

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

 

 

 

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