Whenwe are told that gdp has fallen 0.7% in the secon quarter, is that a literal figure or an annualised figure?
@Thomas_Stringer Im pretty sure it compares this year's Q2 to the previous on. Comparing that Q2 to this year's gives a 12 month overview ;)
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@JonMarcStanley Oh really? Well I can already see how that would be mathematically misleading if thats the case. -
@Thomas_Stringer We moved into a "confidence crunch" a while back. Basel 3 rules are crushing credit supply, not the markets.
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