Response To: UK second-quarter GDP revised up

FT Quote: ""However, there are signs that the very weak economy is holding consumers back from spending."" Not so, excessive commodity inflation is holding consumers back in addition to their debt level created by inflated property prices. Inflated property removed the disposable income. Looks like Grodon Browns light touch credit boom banking policy did not either end boom bust, deliver sustainability, fairness within society. What it certainly did was create the complete opposite, brought forward spending, enshrined people within the banking system for a long long time and made buy to let debtors who DON'T work for their money, filthy rich. I'm afraid we live in such a sad sad world that wants an always UP mentality. I tell you now, a couple of years of recession will be a tonic for sustainability. We may get that when Keynesian King leaves the BOE, we need a German / Canadian BOE governor that can knock some sense into banking and any political party which wishes to create a ridiculous >2% inflation economy. Original FT.com Article: http://www.ft.com/cms/s/0/0f8ad8d6-edc7-11e1-8d72-00144feab49a.html#axzz24MySMwSc

King Adds to Gloom Over UK Economy

I recommend King gets some Prozac, today USA housing UP, German Confidence UP, 15:20 FTSE 100 UP, S&P 500 UP, Egypt UP significantly yesterday, Euro300 UP. Yes so King is indeed in need of Prozac as this minor macro downturn will wash away as always in Q4 when everyone comes off holiday and buys. Surely he can see the pattern? Justification for QE is not present, minor recession is good for correcting bubbling commodities which stifle growth. Not doing anything now will be a boon for the recovery and deliver sustainability with jobs. QE is now a job destroyer.

FT Article: King Adds to Gloom Over UK Economy