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RANsquawk UK Data Preview - Advanced Q2 GDP - 25th July 2012
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As Paul Newman said in the poker game in "The Sting" ...."they wouldn't have let you in here if you wern't a chump."
I dont know how we have managed this but unemployment is down and so is gdp. I think the silver spooned muppet at #11 has nailed it!
APPL earnings good for market. Up up and away.
People say FU. Its the Pupular Faceless Uprising. - TPFU. is to TPTB what Ovaltine was to the Ozzy and Harriet show.. What Conflakes was to the Leave It to Beaver Show was. Its what Dilithium Crystals was to Star Trek for Crist's sake.
-0.7% GDP in UK.
http://www.independent.co.uk/news/business/news/shock-as-gdp-shrinks-by-07-7975922.html
if the ESM is a bank, I guess that means that they would be able to leverage up 10 times? Leverage to bail out leverage. Bankrupt countries give "guarantees" for money to the ESM, they lever it 10 times and bail out the same bankrupt countries.
What could possibly go wrong???
A 0.7 shrinking economy, 8.5% unemployment, a public debt of 140% GDP, a growing deficit that is above 8%, a banking sector as backbone of the economy that is based on fraud. Adding a complete outdated labor marked with a lot of hidden unemployment (having 3 persons on jobs, which are done in Europe by one person) and you have the new standard for a triple A country.
P.S. do not tell zero-hedge readers that there is a problem outside the Euro-zone. It will destroy their world.