• REMEMBER THAT NUMBERS ARE PEOPLE LOOK FOR COCK-UP BEFORE CONSPIRACY • ALWAYS CITE PRIMARY SOURCES


Wednesday, 21 April 2010

WE CAN HAS BARGAINING CHIP?

Of course not.

For tomorrow Eurostat will announce our deficit figures past and present as determined by themselves.

Details here: http://www.zerohedge.com/article/tomorrow-eurostat-reports-european-government-deficits-expect-more-pain-greece-downside-surp

The damage? TA NEA rather bizarrely cites itself as reporting a 13.7% deficit/GDP (up from 12.7%) and 120% debt/GDP (up from just over 100%).

Which suggests to me that our GDP has been revised downwards, the stock of nominal debt has been revised upwards and the nominal deficit is not actually that far off the mark.

But this is just a guess. We'll just have to wait and see.

BTW. Please Mom and Dad, if you're reading this, grab all the jewellery and get yourselves and your pension pots out of there.

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