Thursday, 5 August 2010

Reader challenge...

While MW's off enjoying his summer hols, here's a little challenge to keep everyone busy. Using the assumptions in Boy George's emergency budget (table C5 page 87) take it to pieces using recent news reports (or anything else that takes your fancy).

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Here's one to start you all off. George reckons consumer spending will rise 24.7% between 2010/11 and 2014/15, whilst retailer Next warns of cooling consumer demand.

Get the idea? Ready, aim, rip it to shreds!

3 comments:

Nick Drew said...

oil price flat as a pancake

yeah right, show me a 6-year period since 1972 when that's ever happened

scope for a little stress-test there ...

forecasting is such nonsense

Bill Quango MP said...

Gordon the psycho monoculus predicts an end to boom and bust.

+ those growth numbers are too good too soon.

Steven_L said...

ND - it's the commercial property, employment and wage inflation stats that get me the most. Should fill my ISA with loadsa Enterprise Inns stock?

BQ - Gordon did end boom and bust and keep interest rates low just like he promised - he just neglected to mention it would take a big bout of Japanese style debt deflation to achieve.