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I take that to show that the "private" sector is not going to provide the growth needed to save us all.

Also, the last couple of years looks so dramatic because of the rescue plan that saved the banks after the credit crunch.

And I notice a very similar situation around the 1992 area.....under Tory rule. What caused that? Kind of flies in the face of everything certain people like to claim about the Conservatives and government spending in general.

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Also, the last couple of years looks so dramatic because of the rescue plan that saved the banks after the credit crunch.

And I notice a very similar situation around the 1992 area.....under Tory rule. What caused that? Kind of flies in the face of everything certain people like to claim about the Conservatives and government spending in general.

Not sure about this exactly but you have to bear in mind that the 'prudent' Mrs T presided over a 2000% increase in the money supply. They were printing money hand over fist causing massive inflation while preaching the exact opposite. At least recent idiots chancellors all claim that the prudent thing to do is print more money.

When HPC really happens all that money will go to money heaven in a puff of brick-dust.

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Also, the last couple of years looks so dramatic because of the rescue plan that saved the banks after the credit crunch.

And I notice a very similar situation around the 1992 area.....under Tory rule. What caused that? Kind of flies in the face of everything certain people like to claim about the Conservatives and government spending in general.

The 1992-1997 govt borrowing was Keynesian stimulation of the economy by the Tory government.

There wasn't much difference between then and now, except the Tory borrowing was on the background of a historically large budget surplus and minimal national debt.

The current government borrowing is on the background of a historically large budget deficit (even during the boom times) and a national debt that already exceeded 'prudent' borrowing levels.

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look for the market bottom in about 2014/2015 I think.

My bet is the sovreign defaults will trigger the next leg down.

Agreed, The DOW, and S&P are well overdue a correction. In the past 3 bear markets in the chart above, there have been at least 3 downwaves. We've only had 2!

Sell in May and go away this time?

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