Twitenomics! The economy according to the people of the Internet.

The past week has been a remarkably slow one in terms of economics, certainly in comparison to weeks previously, but that hasn’t stopped the thousands of people world wide flocking onto Twitter, Facebook and all sorts to express their opinion on the economy.

First up was the news of Brazil overtaking the UK as the world’s sixth centre for economics and, as I s the way with the BBC’s Facebook page, it was soon overrun with people all keen for a debate on the topic. First up was Sabin Yadav with a remarkably intelligent response who, over the course of 50 odd words, mentioned how “BRICS had been able to maintain healthy growth rates” and also mentioned how, although it being the more economically wealthy nations, it would no be considered “as developed… since it has to do a lot in terms of equitable distribution and of the wealth it has been generating.” But just as you think there’s hope for the budding internet economist along comes Rob Snow who does his best to summarize the story in as few words as possible. “Ex-Nazis”. Wow, not only is it completely unrelated and remarkably predigests, but it’s also wrong! Brazil sided with the allies in World War 2! Unable to end on such a negative note I feel I need to let Marina Ferreira lighten the mood with her light heartened comment, “They see us growin’… They hatin’”. Well said Marina.

            On Twitter, however, the majority of Britain’s high profile business people were morning the loss of lingerie chain La Senza, as it entered administration. Theo Paphitis, Dragons Den star, mentioning that he “just heard sad news that LaSenzaUK, which was once my baby, has filed for administration.” Mr Paphitis once reportedly owned a £100million stake in the lingerie brand. This topic also made an appearance on Lord Sugar’s twitter with him remarking following “not getting an answer from Theo Paphitis,” that he wondered “who will nick the high-street lingerie chain La Senza from the administrator?” Mean whilst, elsewhere on twitter all self made and self proclaimed business woman Katy Price was most concerned that her Day 22 sunglasses were on sale for £10 mentioning it four times. One might almost think she wanted people to buy them.

            While the business elite, and Katy Price, might be all well and good the real person to get economic opinion is Jimmy Carr who’s twitter is flooded with more economic opinion than Branson, Sugar and Bannetine put together! This week Jimmy mentioned the NHS’ pricing scheme for Viagra, pointing out that they’re “selling Viagra £21 for 4. Hands up everyone who’s tried Viagra…I said hands.” He also brought up Nick Clegg’s fighting talk about the Eurozone Crisis saying “If there’s one man you don’t want to make angry it’s the spineless Lib Dem doormat.” His economic insight did not stop there with, in response to China being granted normal trade relations with the US on 27/12/2011, he remarked “Dec 27 2011 China buys the United States.” Oh Jimmy.