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.