How soon will we see the UK (and global) economy recover from the recession created by the global effort to minimize deaths due to covid19? I am basing the question on a dateline starting this 1 September.
I shuffle and draw the Nine of Pentacles, also called the Nine of Coins.
This lovely Minor Arcana card is in my mind, the Tarot’s personification of Britannia and it:-
- talks first and foremost about financial independence and self-sufficiency attained through employment or self-employment.
- correlates with the zodiac sign of Virgo, which runs 23 August-22 September and together with the other earth signs, Taurus and Capricorn, is a key zodiac sign associated with banking and financial services. Also schools and universities.
- Is ruled by Venus, planet of beauty. Not only does it rule banking and all financial services, it rules the beauty industry, hospitality, architecture, the arts, design, fashion and horticulture, viticulture and food production.
Therefore, drawing the Nine of Pentacles, I am satisfied that the Tarot has ‘logged’ the question. OK. So how long for the UK to come out of recession, counting ahead in financial quarters of a year.
How many financial quarters will it take?
I switch to my ordinary playing cards asking to see how many financial quarters it will take the UK to enter recovery, using one card to represent one quarter and asking to be shown the Ace of Diamonds in token of a definitive answer to this question.
Divination involves a lot of this kind of self-programming. It’s all in the framing.
I shuffle the cards blind, pull a card, pull another, pull another…and hey presto, the third card out is The Ace of Diamonds.
The Ace of Diamonds is suggesting that the UK will start to see recovery in the third quarter counting forward from September, which would bring us to June 2021.
I’m surprised that the Ace Diamonds has made an appearance so soon and I carry on pulling cards. Why? To book-end a date range. Hedging my bets? You could see it that way.
The fifth card, representing the fifth quarter is the Six of Diamonds.
Six is the number of community, and diamonds is the suit of money. This card can suggest loss, and of course there have been losses, and there will be more. But on balance it is a positive omen for the state of UK employment.
In summary the UK seems to be in recovery during the next 3-5 financial quarters bringing us to June-December 2021.
Does this count as a V-shaped recovery which the PM has said he is optimistic of seeing? I’m not a finance person, but where will new jobs come from for the people being made redundant when the furlough comes to a close?
I suppose what I am seeing here is something between a V and a U shaped economic recovery as described by Forbes. Click HERE to read its article describing various possible recovery scenarios, though, note, they are discussing the American economy.
The scenario we don’t want to see there, here or anywhere is the interminable L shaped recovery.
What about the global picture? I carry on pulling cards. 12 cards, 12 quarters, so that’s three years which brings us to September 2023 and the twelfth card is my red Joker, the ultimate card of a new beginning- in the context, this is to be treated as an affirmative card suggesting global recovery, though obviously this is going to vary country to country, and this timescale could mean a late straggler. Still, this recession looks less long lasting than the aftermath of the banking crash of 2009.
So now I go online to find out what the Bank of England has been saying.
“The Bank expects the UK economy to shrink by 9.5% this year. While this would be the biggest annual decline in 100 years, it is not as steep as its initial estimate of a 14% contraction.”
So, we drew the Nine of Pentacles and here they are, forecasting a shrinkage of 9.5 % this year. But wait….hang on – here comes another nine.
“More than nine million jobs have been furloughed under the government’s job retention scheme, but the Bank expects most people to go back to work as the economy recovers.”
One of these people has been my son- in- law, a chef. And now he’s back to work. But hang on a sec…. ding- a- ling, here comes a third nine.
“The Bank expects the UK economy to grow by 9% in 2021, and 3.5% in 2022, with the economy forecast to get back to its pre-Covid size at the end of 2021.”
For the UK economy to return to its precovid size by the end of 2021 would accord with the 5 quarters intimated by the Six of Diamonds.
So here we have three Bank of England predictions, and three nines, in seeming accordance with my playing cards and the Tarot’s Nine of Pentacles, aka the Nine of Coins.
In a further comment Andrew Bailey, the Governor of The Bank of England said,
… “the UK still faced its sharpest recession on record, with the outlook for growth now “unusually uncertain.” Mr Bailey said it was the “largest quantum of uncertainty in a forecast” that policymakers had ever published.”
A quantum of uncertainty in a forecast. Well, I definitely recognize that feeling, Mr Bailey. Welcome to my own tiny corner of the world.
This may all be something or nothing. It may seem a bit peculiar. It is peculiar, the synchronicity aka so-called ‘meaningful coincidences in evidence here, but that’s the mystery of the Tarot and I am well used to it.
But. But. But says Madam Logic-Chopper. (and that’s me) Were my cards detecting the future or were they somehow picking up on and reflecting the present understanding of this evolving situation?
Either way, it is a demonstration of synchronicity in action, but which was it? I’m a gonna ask the Tarot. I shuffle and draw The Knight of Cups.
And the Tarot ‘s reply? ‘You know it in your water and the water is a mirror .’
Oh, do I? Oh, does it? Well, thanks for clearing that one up good and proper. A properly oracular answer, that one! Properly Delphic. Typical Tarot.
The Knight of Cups also represents The Holy Grail and The Healing Chalice. The Grail Cup, and that’s the thing we’re all looking for, isn’t it?
Until next time 🙂