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smiffy1967

A Quick Glance At Bloomberg 2 Mins Ago, Show That

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A quick glance at Bloomberg 2 mins ago, show that

The engine of the global economy is through the worst of it......

•GM Files for Bankruptcy in Bid to Regain Profits With $50 Billion U.S. Aid

•Treasury 10-Year Note Yields Surge Most in Six Months as Recession Eases

•U.S. Manufacturing Shrinks Less Than Estimated; Household Savings Increase

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A quick glance at Bloomberg 2 mins ago, show that

The engine of the global economy is through the worst of it......

•GM Files for Bankruptcy in Bid to Regain Profits With $50 Billion U.S. Aid

•Treasury 10-Year Note Yields Surge Most in Six Months as Recession Eases

•U.S. Manufacturing Shrinks Less Than Estimated; Household Savings Increase

Its the BOOM

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Guest redwine
A quick glance at Bloomberg 2 mins ago, show that

The engine of the global economy is through the worst of it......

•GM Files for Bankruptcy in Bid to Regain Profits With $50 Billion U.S. Aid

•Treasury 10-Year Note Yields Surge Most in Six Months as Recession Eases

•U.S. Manufacturing Shrinks Less Than Estimated; Household Savings Increase

whats amazing about american business tv is that nobody says the same thing cnbc will say the opposite of bloomberg

cnn will talk about something else like "richard quest " in london

who is telling the truth ? i think the answer is nobody knows whats really going on !

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A quick glance at Bloomberg 2 mins ago, show that

The engine of the global economy is through the worst of it......

•GM Files for Bankruptcy in Bid to Regain Profits With $50 Billion U.S. Aid

•Treasury 10-Year Note Yields Surge Most in Six Months as Recession Eases

•U.S. Manufacturing Shrinks Less Than Estimated; Household Savings Increase

If you choose to snipe headlines, please be realistic. That is so very McSpamish of you to miss the big one on Bloomberg:

Blanchflower Sees U.K. Jobless Rising 100,000 a Month

Former Bank of England policy maker David Blanchflower said there will be “big increases†in unemployment and Britain must brace itself for the shock.

Jobless claims may rise by an average of 100,000 a month “for the next year or so, and this will be a shock for people,†he said in an interview on BBC Radio 4 today. “People are going to have to get used to these very large numbers. I don’t think people have thought what it would mean to have a million people under 25 unemployed by September.â€

He said it’s “early days†to gauge whether the central bank’s policies are helping to counter the recession. The Bank of England may decide this week to leave the benchmark interest rate at 0.5 percent and to continue its plan to buy bonds with newly printed money, economists say.

“There are risks to the downside,†he said. “We’ve seen over-exuberance in lending and borrowing that’s been a problem. People have had to come back to reality.â€

Blanchflower spoke the day after he stepped down from a three-year term on the Monetary Policy Committee, where he said as early as November 2007 that the U.K. may face a recession, before any of his colleagues.

Policy makers, due to meet on June 4, will refrain from expanding their money-printing plan from the current 125 billion pounds ($204 billion), according to all but two of 39 forecasts in a Bloomberg News survey of economists. A separate survey also showed they will leave the key interest rate unchanged.

Recovery? My foot.

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A quick glance at Bloomberg 2 mins ago, show that

The engine of the global economy is through the worst of it......

•GM Files for Bankruptcy in Bid to Regain Profits With $50 Billion U.S. Aid

•Treasury 10-Year Note Yields Surge Most in Six Months as Recession Eases

•U.S. Manufacturing Shrinks Less Than Estimated; Household Savings Increase

Ill add to that - Wall Street Hiring again. This photo is rubbish (busted blackberry) But you get the message. I was walking down Broadway yesterday and noticed this in the window of a Chase bank about a block away from Wall Street.

I know one swallow doesn't make a summer but its better than 12 months ago.

To all those heads out there going on about GM - Its a dinosuar that needs to be restructured. You'll all agree a 10% drop in staff is better than a 100% cut in staff.

IMG00157.jpg

post-21047-1243883401_thumb.jpg

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Guest มร หล&#3
More opportunity for BTL-ers to snap up the bargains? :lol:

You love winding these guys up.

But Hamish, the last recession went at least 6 years. This ones worse.

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You love winding these guys up.

But Hamish, the last recession went at least 6 years. This ones worse.

Well no thats not true it was more like 4 years but if we are talking years and numbers then many of the records set in 1928 have been broken and that depression realy only stopped as the world went to war.

Could it just be everyone is borrowing and spending again because they can not live without credit and shopping ? i do hope so as it will only make things worse so instead of my block of silver buying an old car it will buy a house if i decide i want one.

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Well no thats not true it was more like 4 years but if we are talking years and numbers then many of the records set in 1928 have been broken and that depression realy only stopped as the world went to war.

Could it just be everyone is borrowing and spending again because they can not live without credit and shopping ? i do hope so as it will only make things worse so instead of my block of silver buying an old car it will buy a house if i decide i want one.

See in this thread - "US household savings up". I live here and people are definitely tightening thier belts.

Diesel had a 30% off sale a month ago - no takers

Then a 40% - mmm a few more shoppers

than a 50% off - then it started getting busy.

The saying here amoungst the masses is "Less is the new more".

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See in this thread - "US household savings up". I live here and people are definitely tightening thier belts.

Diesel had a 30% off sale a month ago - no takers

Then a 40% - mmm a few more shoppers

than a 50% off - then it started getting busy.

The saying here amoungst the masses is "Less is the new more".

Not forgeting 10's of thousands of private Americans with now worthless GM bonds.

could make many others want to get out of bonds with low rates.

This recession has a way to run yet.

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Pangloss if the week prize to bloomberg

•GM Files for Bankruptcy in Bid to Regain Profits With $50 Billion U.S. Aid

Translation= worlds largest car manufacturer and symbol of american industrial supremecy bites it...

•Treasury 10-Year Note Yields Surge Most in Six Months as Recession Eases

Translation= F$%K no no one is buying treasuries !!!!

•U.S. Manufacturing Shrinks Less Than Estimated; Household Savings Increase

Translation= before point 1 happened we bailed out some companies with government money and they didnt fire anyone that month

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Pangloss if the week prize to bloomberg

•GM Files for Bankruptcy in Bid to Regain Profits With $50 Billion U.S. Aid

Translation= worlds largest car manufacturer and symbol of american industrial supremecy bites it...

•Treasury 10-Year Note Yields Surge Most in Six Months as Recession Eases

Translation= F$%K no no one is buying treasuries !!!!

•U.S. Manufacturing Shrinks Less Than Estimated; Household Savings Increase

Translation= before point 1 happened we bailed out some companies with government money and they didnt fire anyone that month

+1

Print and prosper, print and prosper :huh:

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today news

swiss economy shrink by 2.4, expectation was 1.7

spainish job figures will be out .. which they are speculating will be very bad

eurozone job figures will also come out.. if i hear correctly...

she said "today is Reality Check"

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