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with the increase of divergence across similar markets

they need to focus on what they mean by recession.

two consecutive quarters of negative gdp is not an

accurate picture when the top companies that take

most of the weighting are pulling the averages up.

(and then there's currency printing).

 

in charting terms we should still be years away from

the start  of a many years down trend.

 

HH

Edited by HawkHybrid

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The best indicator(I remember very well the days of the great recession back in my country) are the increasing empty shops and letting signs all over the place.It looks like 2008 here in Worthing,West Sussex

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Ignore what  Carney says, the guy wouldn't know the top of a business cycle from the bottom.

I think its likely that the UK already in recession as business activity will continue to lag up to and possibly past the Brexit deadline. The quarterly GDP numbers will only confirm it 6 months after it starts, and they have a way of revising down prior to retrofit a smoother path to the current quarter's number.

Unemployment is creeping up and people are starting to worry for their jobs. Anecdotally I hear from many people that their companies are cutting headcount and restructuring.

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On 13/08/2019 at 13:39, Alex said:

The best indicator(I remember very well the days of the great recession back in my country) are the increasing empty shops and letting signs all over the place.It looks like 2008 here in Worthing,West Sussex

It looks similar in Dundee.

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