Masters of the Universe apparently shocked that UK economy sucks

Posted on October 23, 2009 by stacyherbert| 42 Comments

Stacy Summary: Seriously, are any of you surprised? And, @Mike/Liverpool . . . are you happy??

Shock for Alistair Darling as shockingly UK still in recession

Shock economic figures today stunned the City by revealing that Britain is wallowing in its longest recession since records began.

Sterling tumbles on shock GDP data

This entry was posted in Headlines and tagged recession, sterling, UK. Bookmark the permalink.

42 Responses to Masters of the Universe apparently shocked that UK economy sucks

Dustin | October 23, 2009 at 8:04 am |

No surprise to the UK figures, all this talk of recover here was utter incompetence, and those that fell for this talk deserved to have there green shoot sniped.

the new up is down.
Dustin | October 23, 2009 at 8:05 am |

Oh forget, FIRST BITCHES lol.
stacyherbert | October 23, 2009 at 8:07 am |

While sterling was gapping down, Amazon was gapping up today:

http://www.google.com/finance?q=NASDAQ:AMZN

Shares up 23% to all time high

http://www.marketwatch.com/story/amazon-surges-on-fourth-quarter-outlook-results-2009-10-23

I thought investors/gamblers were supposed to sell on history?

My bet is that Nasdaq will be the next bubble to keep the people happy.
Photoception | October 23, 2009 at 8:12 am |

Look out folks the central banks are currently pulling the plug on the US Dollar carry trade.

http://www.bloomberg.com/apps/news?pid=20601082&sid=ay28m04Uv8J8
Richard@lattitude30N | October 23, 2009 at 8:12 am |

@Sherbert: as I gaze across this page ..reflecting on the news of the GBP..the gold/silver charts are diving once again before noon EST…ummmmmmmmmmmmm??!!
maxkeiser | October 23, 2009 at 8:14 am |

any more nasdaq moves like AMZN and rumors will restart about Twitter and/or Facebook going public.

fb has over 300 mn. users and could be one of the biggest IPO’s of all time..

fb’s business model of micro-payments that allow uses to buy and trade virtual goods will add something like 50 mn. to their bottom line over the next couple of years and the whole virtual-economy model could be the ‘next bubble’ that takes NASDAQ over 5000 again.
stacyherbert | October 23, 2009 at 8:16 am |

@Richard@lattitude30N – imo . . . ‘diving’ would be say a 2.5% drop . . . or about $25 . . . wake me up when that happens . . .
Mike/Liverpool | October 23, 2009 at 8:24 am |

Max
Again in English

Stacy
Rubbing my hands with glee, but i want a LOT more news like that….want MASSIVE falls in the £.
Mike
Mongo | October 23, 2009 at 8:25 am |

wow.. look at that gold chart.
Dustin | October 23, 2009 at 8:27 am |

I may be wrong but talking finance with people in the UK in my area, most seem to be just focusing on nailing there debt burden down to zero (except for there morgage of course).
I know one guy who had £16k of debt at the start of this year which would of been payable over 5 years more approx but by the end of this year it will be gone.
I thnk some people are seeing that having debt going forward will be a serious millstone around your neck (more than usual) and if your going to be ready to face the new financial order then debt is just not somthing you should consider anymore.
Richard@lattitude30N | October 23, 2009 at 8:31 am |

@Sherbert: sorry dear one…I was getting a little ahead of myself…I stand corrected….
@Max: you are so in love with the virtual world…I can see why you envision an IPO bananza with either google, Fb or twitter…BTW are you still promoting the avatar world and virtual money and social life included with it??? Is it as sound as GS on the moon….selling moondust as the ultimate bubble derivative???
Mother earth | October 23, 2009 at 8:33 am |

@max

Good tip I’d say.. I was reading not that much people really twitter that much, but fb is used everywhere..

I’m not quite getting the gold response..I would expect dumping gbp would be a good opportunity to move into gold..
Richard@lattitude30N | October 23, 2009 at 8:36 am |

@Mongo: “look at the gold chart”…I was and got scolded from the official http://www.maxkeiser.com market analyst for doing just that….ouch!!! that smarts still
Fibon11235 | October 23, 2009 at 8:39 am |

Its a race to the bottom as all currencies have become derivatives of the dollar anyway.

My guess is the pound bottom will be found only after its been out of the fryer into the fire whilst falling out of its window.

http://www.youtube.com/watch?v=Qk0_qwb1PwY
Phil | October 23, 2009 at 8:42 am |

Our good friend Mr. W.E. Pollock on Currency Instability, Inflation and Deflation.

8 minutes !

…We are caught in this severe exposure between inflation deflation leading to currency collapse or zero bound. We were close to zero bound before with the Lehman failure. The inflationary side everyone understands, the deflationary concern is more mysterious. This video explores that dynamic..
…

http://www.youtube.com/watch?v=GpofQIctVpo&feature=sub
Ptah | October 23, 2009 at 8:50 am |

How are bullet manufacturers doing?
Phil | October 23, 2009 at 8:53 am |

Peter Schiff Death Of The Dollar, Hyperinflation

http://www.youtube.com/watch?v=8qGt4yeb6Wk

Sounds like panic in his voice !
stacyherbert | October 23, 2009 at 8:55 am |

@Phil – what’s up with the Germans?

Rich Germans demand higher taxes

http://news.bbc.co.uk/2/hi/europe/8321967.stm
dan valley | October 23, 2009 at 8:56 am |

http://www.youtube.com/watch?v=U5xJZiCbRMQ&feature=player_embedded

Life Inc – How the World Became a Corporation
In Life Inc., award-winning writer, documentary filmmaker, and scholar Douglas Rushkoff traces how corporations went from a convenient legal fiction to the dominant fact of contemporary life. Indeed as Rushkoff shows, most Americans have so willingly adopted the values of corporations that they’re no longer even aware of it.
dan valley | October 23, 2009 at 9:01 am |

http://www.youtube.com/watch?v=mh5F5wP8RdU&feature=player_embedded

Video: Woman’s Life Ruined by Seasonal Flu Shot
Mother earth | October 23, 2009 at 9:02 am |

LOL

God wants his creation back (it must be him)…

http://news.bbc.co.uk/2/hi/americas/8318626.stm
Phil | October 23, 2009 at 9:05 am |

@Stacy … LOL !

The rich Germans that are left are all Politicians AFAIK … the Industrial Rich guys left the country years ago !

Seriously though, I think some of them do not realize how much the German Govt. ( + their relations, friends and families, not to mention their perks ) actually costs. If they knew that, they wouldn’t be offering them their money IMO.
Also, they obviously haven’t a clue where money comes from and where it goes !

…A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes.

The group say they have more money than they need, and the extra revenue could fund economic and social programmes to aid Germany’s economic recovery….
Richard@lattitude30N | October 23, 2009 at 9:06 am |

@ME: “a YOTTA” where can I sign up as a co-defendant????
Phil | October 23, 2009 at 9:06 am |

@The rich Germans

Of course, it may just be “propaganda” !!
frances snoot | October 23, 2009 at 9:08 am |

dan valley:
forgive me, but it looks to me like a hoax the flu shot woman
sklein | October 23, 2009 at 9:09 am |

What’s happening at UN.

WTF!

British nuclear expert falls 120ft to his death in Vienna
A British nuclear expert has fallen to his death from the 17th floor of the United Nations offices in Vienna.

Published: 6:17PM BST 21 Oct 2009

The 47-year-old man, who has not been named, died after falling more than 120ft to the bottom of a stairwell.
He worked for the Comprehensive Nuclear-Test-Ban Treaty Organization, an international agency charged with uncovering illicit nuclear tests.

A UN spokesman in the Austrian capital said there were no “suspicious circumstances” surrounding the man’s death, while a police spokesman said that no other person was believed to have been involved.
No suicide note has been found.
The incident happened on Tuesday as the United States, France, Russia and Iran held talks close by aimed at cooling tensions over Tehran’s nuclear programme.
Investigators refused to reveal any further background information on the official but confirmed an autopsy will be held.
Four months ago another UN worker also believed to be British fell a similar distance at the same building, according to other staff working there.

http://www.telegraph.co.uk/news/worldnew….in- Vienna.html
-snip-

Second guy in 4 months and that’s not suspicious circumstances. That dude needs a small streak of curiosity. Are all British Nuclear experts clutzes(is this a word)?
dan valley | October 23, 2009 at 9:11 am |

@snoot…that was my take….
Dedo | October 23, 2009 at 9:11 am |

@dan v, Re: life Inc, very appropriate clip, cheers!
frances snoot | October 23, 2009 at 9:20 am |

dannyv:
But Why? Can they sue? And why the media binge?

So much makes NO sense about the vaccines. It seems like the right wing outlets say don’t and the left wing outlets say do…and I wonder why? I feel news neutered.
FranSix | October 23, 2009 at 9:22 am |

I don’t understand these sensationalist headlines when currencies adjust on a day trade. They have to be watched over the long term. For many currencies trading against Yen and Dollars, the charts are almost identical.

But most involved in the forex use 200X leverage on moves that amount to a few basis points on any given day. When we’re talking about leverage in the system, currency markets take a back seat. With derivatives, we may be seeing 22X leverage over that. (~5000X leverage)

The biggest moves overall have been against the Yen and the dollar, but if you read anywhere on currency values, the dollar has apparently died, the Yen is nowhere to be seen, and gold is rising due to inflation, which are all totally wrong.
frances snoot | October 23, 2009 at 9:26 am |

Wierd psycho video Sid the Kid and vaccines (From Alex Jones site)

http://www.youtube.com/watch?v=MNHeV-9dPCs

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20091021006159&newsLang=en

How much money for that???
Phil | October 23, 2009 at 9:27 am |

Interesting : FDA, Swine Flu & Vitamins

http://www.fda.gov/ICECI/EnforcementActions/WarningLetters/ucm186837.htm

TO: [email protected]
http://www.drweil.com

FROM: The Food and Drug Administration and the Federal Trade Commission

RE: Unapproved/Uncleared/Unauthorized Products Related to the H1N1 Flu Virus; and

Notice of Potential Illegal Marketing of Products to Prevent, Treat or Cure the H1N1 Virus

DATE: October 15, 2009

WARNING LETTER
…
…

Here’s his website :
http://www.drweil.com/
frances snoot | October 23, 2009 at 9:27 am |

I’d freaken pop old Granny-Tits with a toy car.
dan valley | October 23, 2009 at 9:29 am |

WHICH?
> >
> > FLORIDA or THE MOON
> >
> > Two blondes living in Oklahoma were sitting on a bench talking, and one
> > blonde says to the other, ‘Which do you think is farther way… Florida or
> > the Moon?’ The other blonde turns and says ‘Helloooooooooo, can you see
> > Florida ?????’
> >
> > CAR
> > TROUBLE
> >
> > A blonde pushes her BMW into a gas station. She tells the
> > mechanic it died. After he works on it for a few minutes,
> >
> > it is idling smoothly…
> >
> > She says, ‘What’s the story?’
> >
> > He replies, ‘Just crap in the carburetor’
> >
> > She asks, ‘How often do I have to do that?’
dan valley | October 23, 2009 at 9:30 am |

In other news…dubai is doing fine now that the speculators have been run off.
FranSix | October 23, 2009 at 9:30 am |

@flu shots

From what I understand, viral vaccination programmes use an adjuvant, which allows for the use of less vaccine. Instead of using a whole dose of vaccine, they use half, with the adjuvant added. This allows the immune response required with a much reduced antigen content.

http://www.google.ca/search?hl=en&q=adjuvants+vaccine&meta=&aq=0sx&oq=adjutants+vaccine
frances snoot | October 23, 2009 at 9:32 am |

Here’s trout-mouthed Gibbs explaining why our tax money went for the Granny-Tits Dancing Poppet Shot video:
http://www.youtube.com/watch?v=almHc5TWVJU&NR=1
frances snoot | October 23, 2009 at 9:38 am |

I guess mascot Teddy got bumped!
http://www.youtube.com/watch?v=CTWDoWz_evs

I’M CRUSHED.
frances snoot | October 23, 2009 at 9:40 am |

@Phil:
Amazing links for the HINIa!
Illinois Brandon | October 23, 2009 at 11:16 am |

What will the BOE do next? Mervin King will hit the printing presses once more. Sterling is an even worse bet than the dollar. Thank you Gordon Brown for selling half of the UK’s gold at the market bottom!
GGees | October 23, 2009 at 11:34 am |

The UK and US economies built on making money on so called “financial services” now better known as ponzi schemes are down the chute and will continue to fall until such time as they rediscover that an economy has to produce real products and services to produce real wealth. However do not hold your breath waiting for this penny to drop—-The Definition of Insanity:
Doing the Same Thing Again and Again …
And Expecting a Different Result.
Mitesh Damania | October 24, 2009 at 2:44 am |

Comment Feed at last! I’ve diedand gone to heaven!

Check out Douglas Rushkoff’s series of videos and radio interview.

http://www.askbutwhy.com/2009/10/douglas-rushkoff-corporatization-and.html