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Realistbear

F T: Ongoing Weakness In The R E A L Economy

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http://www.ft.com/cms/s/0/c1ee019c-824f-11...?nclick_check=1

However, Aviva cited the operating profit decline as one of the reasons for cutting its interim dividend from 13.09p to 9p. It also blamed “the ongoing weakness in the real economyâ€, adding that the cash saved would give it “additional financial flexibility... to exploit market opportunitiesâ€.

Behind the EA hype there is always reality.

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Behind the EA hype there is always reality.

Yes but surely higher house prices will help to address the weaknesses in the economy as people aren't spending because there cash machine is crashing in value. Reverse that and the economy will bounce back. :ph34r:

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http://uk.biz.yahoo.com/06082009/325/ladbr...s-dividend.html

LONDON (Reuters) - Bookmaker Ladbrokes reported a decline in first-half pretax profit and cut its dividend Thursday as it warned trading had worsened since May and economic conditions remained challenging.

Hmm, worsened since May? Seems that things in the REAL economy are not as rosy as the EAs are telling us.

The REAL world and the world EAs live in diverge:

http://uk.biz.yahoo.com/06082009/323/comme...provisions.html

Commerzbank posts sharp loss, lifts loan provisions

"Due to the ongoing difficult markets, a forecast for all of 2009 is still not possible," the statement said.

Edited by Realistbear

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