Quote:
Originally Posted by Kraftwerk
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Sure I'll address the UK whose UE jumped to a new normal 8% in 2008. Also could you tell me what the UK GDP was for the last two quarters. You said they're doing fine so I'm going to guess Q1 GDP around 1-1.5% and Q2 GDP of 1.25-1.75%. Good muddle through numbers not a double dip for sure.
Let me know when you pull UK 2012Q1 and 2012Q2 GDP and post it here to support your everything is fine across the pond theory.
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Where are you getting an 'everything is fine across the pond' theory? I didn't cite their current LFP rate -- I cited their 2007 LFP rate.
Our current LFP is higher than Britain's 2007, pre-crisis LFP -- when they logged 3 straight quarters of > 1% GDP growth.
It's also extremely disingenuous to act like 1.75% GDP growth is the high range of "doing fine". The UK hasn't had a quarter of > 1.7% GDP growth since the 80s. 1.75% quarter GDP growth is absolutely, once-in-a-decade (if that) superlative for the UK. Anything 0.8-1.2 has historically been a quality quarter.