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Wednesday, 11 August 2010 13:11

Look, Big Surprises Coming from the UK and China!!! UK and Chinese Growth Slower Than Expected, but Exactly Where BoomBustBlog Said It Would Be

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Quick Asian and European Recap, taking it in baby steps...

  1. Reggie Middleton warns that the UK prospects for recovery are dramatically over-hyped and optimistic (March 2010): See Osborne Seems to Have Read the BoomBustBlog UK Finances Analysis, His U.K. Deficit Cuts May Rattle Coalition
  2. Bank of England warns UK recovery will be weaker than hoped (Telegraph)
  3. Bank of England Cuts Growth Outlook, Sees Inflation Undershoot (Bloomberg)

The non-sense that passes as the financial reporting from these sovereign entities should be ridiculed. I’d like to take this time to share page 4 of our subscription-based analysis of the UK’s predicament (subscribers, see File Icon UK Public Finances March 2010)…

UK report pg 4UK report pg 4UK report pg 4

You see, things are materially worse than Britain is letting on. Now, if we were to reverse the exaggerations, optimistic assumptions and outright lies (speaking of which, reference Lies, Damn Lies, and Sovereign Truths: Why the Euro is Destined to Collapse!)…

uk_economic_estimtes.pnguk_economic_estimtes.pnguk_economic_estimtes.png


… and in terms of government balance over-optimism???

uk_gaovernment_balance_projections.pnguk_gaovernment_balance_projections.pnguk_gaovernment_balance_projections.png

Those interest in our higher end analysis can access our subscription services by registering here.

And from Asia:

  • China Output Growth Weakens; Inflation Accelerates (Bloomberg)
  • As BoomBustBlog made clear many months ago.. 
    • BoomBustBlog China Focus: Inflation?
    • Will the Emerging Markets Lead the World to New Growth?
    • The Narrowing Chinese Trade Surplus
    • Chubble (The Unmistakeable, Yet Thoroughly Argued Chinese Bubble), Unemployed/Deleveraging Shopaholics Pushing Retail Stocks & Other News
    • What Are the Odds That China Will Follow 1920’s US and 1980’s Japan?
Tagged under
  • UK
  • Asia
  • Research
  • Global Macro

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More in this category: « How Google is Looking to Cut Apple's Margin and How the Sell Side of Wall Street Will Enable This Without Sheeple Investor's Having a Clue Android Now Outselling iOS? Explaining the Game of Chess That Google Plays in the Smart Phone Space »

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ReggieMiddletonReggieMiddleton: UK Retail Sales Slide at Fastest Pace in 2 Years in April - Well of course. Don't these guys read the BoomBust??? http://t.co/EBqwBmeA

16 hours ago from TweetDeck

ReggieMiddletonReggieMiddleton: BOE Prints Money if Econ Worsens: No UK Double Dip If It Never Truly Left The First Recession - #MaxKesier VIDEO http://t.co/PCCZhprN

16 hours ago from TweetDeck

ReggieMiddletonReggieMiddleton: BOE to Print Money if Economy Worsens: UK Can't Be In A Double Dip Recession If It Never Truly Left The First Recession http://t.co/hvTY90qo

16 hours ago from TweetDeck

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