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HelterSkelterIE

'marks And Spencer Sales Improving' - As Sales Fell 0.5%!

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http://news.bbc.co.uk/1/hi/business/8281986.stm

How can the BBC say M&S sales are improving when the sales have fallen by 0.5%? The media are desperatly trying to talk up the economy

Just watched the BBC News 24 bussiness section and they were going on how great everything was and that the US economy shrank 0.7% rather than the 1% expected, indicated the markets were going to open very strongly in NY, went to check and DOW is expected to open up 24 points.

Little does the BBC realise that the market is so gorged on false green shoots that now there are some signs of actual green shoots (although still a lot of depression level data coming out from more reliable sources than the government GDP figures) it is more likely to fall than rise now. The next wave is approaching IMHO.

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http://news.bbc.co.uk/1/hi/business/8281986.stm

How can the BBC say M&S sales are improving when the sales have fallen by 0.5%? The media are desperatly trying to talk up the economy

I saw that, disgraceful. Sales were down 1.4% the previous period and down .5% this period so at the very best they could claim the rate of decrease was slowing. To say they improved is just plain lying

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Just watched the BBC News 24 bussiness section and they were going on how great everything was and that the US economy shrank 0.7% rather than the 1% expected, indicated the markets were going to open very strongly in NY, went to check and DOW is expected to open up 24 points.

Little does the BBC realise that the market is so gorged on false green shoots that now there are some signs of actual green shoots (although still a lot of depression level data coming out from more reliable sources than the government GDP figures) it is more likely to fall than rise now. The next wave is approaching IMHO.

DOW down over 90 points not such a Very strong open then. ;)

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