He doesn’t know, does he?

Talk of L, U or even W shaped recoveries for the UK economy from the crisis that we are now in all seem wildly optimistic.

At best our economy is going to be in an L shaped recovery, with a very long period of flatlining followed by a very slow uptick, maybe.

An interesting prediction

The future will be green, of course. But what else it will be has now to be imagined. I have been asked to write a book on that issue. There is, of course, no funding attached to the request. But it does, somehow, seem to be the most pressing thing I could do.

No advance? Well, OK, if you think it’s important. But even at the speed that Snippa writes there’s a good chance that the L shape will have been disproven by the time he finishes. Which would be fun, wouldn’t it?

29 thoughts on “He doesn’t know, does he?”

  1. The Meissen Bison

    I have been asked to write a book on that issue.

    In all likelihood by his sons so they can have a go on the train set. I wonder if Capt. Potato can simultaneously write a book and make sure the trains run on time.

  2. He is clearly having a total meltdown. This particular article is just gibberish. The next one maskes bizarre unfounded claims: “what we also need is a regulator who enforces this law, and quite bizarrely there is none who has to do so in the UK right now, as it is not considered Companies House’s job to do so.”

    Somone wrote back to contradict him: “Dear Richard,
    Thank you for taking the time to share your insights.
    You mention that there is “no regulator who enforces this law, and quite bizarrely there is none who has to do so in the UK right now” this is not entirely correct – I was in fact prosecuted by the Department for Business Innovation and Skills (DBIS) now part of Department for Business, Energy and Industrial Strategy (BEIS).
    Kind regards,
    Phil Martin”

    A few days ago he wrote an article about HMRC giving special exemptions to wealthy non-doms and was given an almighty kicking by 3 experts.

    In an article about covid-19 he writes ” I can see that we are still suffering one death about every two minutes, and it is apparent that the rate of reinfection has already risen since VE Day.” When someone points out that the rate has dropped since VE Day – that is assuming he really means “infection” rather than reinfection, because that rate seems to be precisely zero – and the death rate is approx .25 per minute, he does his normal denial of reality. The guy is clearly insane and should be sectioned

  3. Does no advance mean that the publishers are not confident of future sales? Or is it a self-published vanity project?

  4. The thing about the recovery of the economy is that nobody really knows. We are in pretty uncharted territory as AFAIK this kind of shutdown has not been done before.

  5. Dennis, He Who Remains Unpublished

    Does no advance mean that the publishers are not confident of future sales? Or is it a self-published vanity project?

    I’m guessing “yes” on both counts.

  6. I have been asked to write a book on that issue. There is, of course, no funding attached to the request. But it does, somehow, seem to be the most pressing thing I could do.

    Lo, in troubled times a Hero will always appear. Just like those brave men in 1939, who were also asked by imaginary people to sacrifice their lives for their country (don’t you mean conscripted by the government? Ed), he will NOT SHIRK this stupendous task placed before him by a desperate and frightened people. He will ask no favour, no comfy advance, no tax-free grant. He is doing this for us.

  7. It’s pretty much guaranteed that if we adopted the green new deal that the recovery would be L shaped and probably even worse.

  8. If we are pestered by Green shite the the L will be a short period of flatline ___ followed by |–the direction being straight down from the end of the flat. To oblivion and not beyond.

  9. “I have been asked to write a book on that issue. There is, of course, no funding”

    I have decided to write a book on that issue. It will be a re-hashed cut and paste job of stuff I have already written. I have run out of publishers stupid enough to pay me an advance.

  10. Dennis, The Freudian Slipper of Central Ohio

    He is clearly having a total meltdown.

    Spud looks around and sees two things: First, the apocalypse has arrived and, second, no one has come forward to beg that he rescue them from said apocalypse. The biggest and best opportunity to mold humanity and human society has presented itself, yet humanity continues to ignore the obvious wisdom of the advise he provides.

    That will take its toll on you when you’re living a life as the Next Obvious Savior. Especially when your attempt to be the Next Obvious Savior is built on the foundation of a lifetime of personal and career failure.

  11. ‘At best our economy is going to be in an L shaped recovery’

    “L” is not a recovery. Dumbass.

  12. Many people are making a fundamental error in assuming that the damage of CV19 is the underlying cause of impending economic contraction on a major scale. Ponzi schemes do not recover when they go pop. The virus has been the straw for the camel, the final needle in the bubble, the lit match applied to an already built bonfire, the trigger. But the underlying problems of central bank driven economic silliness and the failure to resolve these after they became apparent in GFC08 is the real problem. Right across the west and beyond we seem to have arrived at a new normal where some think the basics of economic law have gone away. The think we can spend beyond our means forever. That inflation can no longer debauch currencies and economies. That here is no payback for econo-politcal wankery.

    Well there is a natural payback. A reversion to normal. You can ignore the rules of sound money but they will not ignore you. We are abut to reap the rewards of electing asshats to run our economies for decades as if systemic robsustness was a matter of choice rather than a fundamental requirement. welcome to the new normal.

  13. Well… Spuddo has a point about the L-shape if he has his way…

    One of te prime factors of any economic growth is the availability of cheap and abundant energy. Because that is what enables us to Do Stuff. Cheaply.

    Nothing “Green” makes energy cheap or abundant, so his Green Future would keep the world stuck wherever they end up at far longer than necessary. If people would be stupid enough to implement it.
    Of course, there’s places that don’t give a toss about that Green Ideal, and would bound back fast enough, so the Greenies would get double-served…

  14. And lo, there was much gnashing of teeth, with cries of, “Who (obviously not WHO) will save us from this dreadful affliction sweeping the land?”
    And up spoke the learned professor, for it was he, exclaiming, “Here am I, fully knowledgeable about this virus and its economic effects, ready to save you all. I ask for no reward (as with 3 professorships already, I’m minted)- just your praise”.

  15. He doesnt want to do it for nothing.

    Nobody wants to pay him.

    The left would probably describe writing this book as ‘adding value’?

  16. Dennis: Oppressor, Warmonger, Capitalist and Consumer of Petroleum Products

    The left would probably describe writing this book as ‘adding value’?

    They might. Then again, they might just say something like “From each according to his ability, to each according to his needs.” That was Karl’s justification for refusing to do work that paid. Lots of lefties seem to endorse it.

  17. It’s pretty much guaranteed that if we adopted the green new deal that the recovery would be L shaped and probably even worse.

    More like a Cedilla-shape

  18. His record on predictions is really good, isn’t it, considering that he bases them on his bowel movements

  19. Patrick,
    Yes. Civilizations die like trees, they remain standing until a storm knocks them over, and that’s where western Europe is now. When this man made crisis started, I thought it would merit a chapter in the Decline and Fall of the West, but I am now wondering if it isn’t the event that precipitates collapse.

  20. So Much For Subtlety

    moqifen May 20, 2020 at 1:17 pm – “It’s pretty much guaranteed that if we adopted the green new deal that the recovery would be L shaped and probably even worse.”

    It is interesting to see a lot of people, mainly in the Guardian, argue for exactly that outcome. I am not a fan of the Avenger movies but they serve a useful purpose by asking people if Thanos is a hero. In the same way the Guardianistas cannot allow a crisis to go to waste and it is enlightening to see what they want to replace. Coal of course. Cheap flights. Capitalism. So perhaps we need to ask more people what their preferred model is – Haiti or Cuba?

  21. Oh great news.

    If fathead is predicting an L shaped recovery that should mean it’ll be V shaped so, all good.

  22. Pcar–Johnson is BlueLabour scum. De-reg is NOT on the cards –unless the word is twisted to mean something else entirely.

    Yr pal Jeff Taylor is getting worried about the furlough–to–dole pathway that is now inevitable. Good old Boris = Churchill won’t last much longer.

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