Look At The Graph On The Front Page

[hedgefunded]

I see dead sheeple.

Brilliant.

[grizzly bear]

what I see is that we are at a defining moment.

some of the stimulus has been pulled:

a) housing benefit

lots of money for shared ownership

c) reduciton in SMI

d) tighening of credit coming up

at the same time:

e) lots of public sector job losses coming up

f) higher taxes (VAT) and reduction of benefit (esp for middle income families)

but as interest rates are low unlikely to be masses of repossessions.

will just have to wait and see whether next leg materialises....