Heh. Heh. Heh heh heh. Lol. There’s potential for much drama today (I reckon), you can watch it live on Bloomberg. Naughty Carlisle. Heh. The stock markets will not close far down, but that’s not the point - it’s specifically about the rate of growth.
In other upcoming news from this armchair economist:
March 14th – Iranian parliamentary elections. Watch oil prices in the next few weeks. If it hits $140, we’re all fucked economy-wise, at least temporarily. More possible than most people realise because they don’t know how OPEC works or the proportion of Iranian oil on the world market.
Interesting times as always.
FYI - a recession is often thought of as a negative change in the rate of growth. The rate of growth is not the same as negative growth. So when people say “the economy is slowing”… You get the idea; something slowing is a negative change in the rate of growth. It’s like negative acceleration when a car slows down. The press is generally too fuckwitted to work that one out.
