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UK Economy to 'Zig-Zag' in 2012. But who will be 'The Thorn in The King's Side'?

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Author Topic: UK Economy to 'Zig-Zag' in 2012. But who will be 'The Thorn in The King's Side'?  (Read 552 times)
Jonnie Goodboy
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The Gulag Archipelago, - had 'Paradise Islands'.

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« on: February 15, 2012, 05:50:17 am »

You will have noticed that there are 'Dissonant' messages regarding the British Economy each and every day, meaning contradictory reports even within a one Hour Period, provenating from the mouthpieces of the Establishment. To listen to any of them could be and no doubt is bewildering to the 80% who we were once encouraged to accept, will believe that was is told them by officialdom is therefore de-facto.

The Bank of England's Governor today used the expression 'Zig-Zag' to describe the forthcoming fairings of the UK economy. To 'Zig-Zag' is pretty self-explanatory but if you're driving a car it means you're probably very angry and possibly under the influence and certainly it will involve driving up against the oncoming traffic.

Bank of England says UK economy 'to zigzag' this year
15 February 2012

The UK economy will "zigzag" this year, dipping in and out of growth, Bank of England chief Sir Mervyn King has said.

The Bank's quarterly inflation report predicts inflation will continue to fall in the coming months.

However, it now predicts inflation decline to 1.8% by 2014, not as low as the previous estimate of 1.3%.

Sir Mervyn also repeated that the eurozone crisis remained a big risk, but said that the UK economy should recover gradually.

Sir Mervyn said that some business surveys had indicated a pickup in the economy at the start of this year, but said this may not last: "The fiscal consolidation and tight credit conditions at home and the weakness of our major overseas trading partners are acting as a drag on growth.

"The underlying need for repair of balance sheets means that the path of recovery is likely to be slow and uncertain. For much of this year, there is likely to be a zigzag pattern of alternating positive and negative quarterly growth rates."

He also said the extra Bank Holiday for the Queen's Diamond Jubilee made it even harder than usual to interpret the official estimates of growth.

Sir Mervyn also said that this week's slowdown in the rate of inflation figures out this week, from 4.2% to 3.6%, would aid economic recovery as people's spending power became less squeezed.

But he warned: "These remain, though, challenging times for the UK economy. Substantial headwinds are hampering our recovery and rebalancing.

And he said that there were a number of factors that were completely unpredictable.

As well as the chance of a eurozone breakup, for which he said contingency plans were being prepared - although he would not be drawn on detail - there were other potential political flashpoints.

"Disruptions to the supply of oil, for example from Iran or Nigeria, could pose an upside risk to the inflation outlook," said Sir Mervyn

So there are as always, at very least two ways of looking at this strange statement from the King, made munster. Either it's a pretence set out to appeal to the 80+% to try and convince them that their hard work in the new feudalism is paying off or it's an open admittance to a SYSTEM OF THE BoE AND HOW IT ENCOURAGES THE BBC AND OTHER ESTABLISHMENT ORGANS to continue with 'Cognitive Dissonant' news items, of a completely contradictory nature, on a daily, nay hourly basis.
"We're doing well; we're doing badly,
  We're doing well; we're doing badly."
Day after day, after day until the end of whatever ...

This would most likely be seen as necessary in a largely unfluoridated economy (10% 'only') where people are still completely critical of the Banksters and their nexus.
« Last Edit: February 15, 2012, 06:02:04 am by Jonnie Goodboy » Report Spam   Logged

"When the righteous become many, the people rejoice; but when anyone wicked bears rule, the people sigh".
Prov 29:2

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