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Realistbear

Producer Prices Drop For First Time In 19 Months

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http://www.bloomberg.com/news/2010-07-09/u-k-producer-prices-drop-for-first-time-since-2008-on-gasoline-products.html

Producer Prices Drop for First Time in 19 Months; May Trade Deficit Swells
By Scott "Scotty" Hamilton - Jul 9, 2010
U.K. producer prices unexpectedly dropped in June for the first time in 1 1/2 years as lower costs of gasoline products eased inflation pressures in the economy.
The cost of goods at factory gates fell 0.3 percent from the previous month, the Office for National Statistics said today in London. The median forecast of 12 economists in a Bloomberg News survey was for a 0.1 percent gain. A separate report showed Britain’s trade deficit swelled in May to the largest in four months.

Trade deficit not looking good--Sterling with higher value vs. the Euro and $ I suppose. Will only get worse as the nights begin to draw in and we approach winter.

Edited by Realistbear

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http://www.bloomberg.com/news/2010-07-09/u-k-producer-prices-drop-for-first-time-since-2008-on-gasoline-products.html

Producer Prices Drop for First Time in 19 Months; May Trade Deficit Swells
By Scott "Scotty" Hamilton - Jul 9, 2010
U.K. producer prices unexpectedly dropped in June for the first time in 1 1/2 years as lower costs of gasoline products eased inflation pressures in the economy.
The cost of goods at factory gates fell 0.3 percent from the previous month, the Office for National Statistics said today in London. The median forecast of 12 economists in a Bloomberg News survey was for a 0.1 percent gain. A separate report showed Britain’s trade deficit swelled in May to the largest in four months.

Trade deficit not looking good--Sterling with higher value vs. the Euro and $ I suppose. Will only get worse as the nights begin to draw in and we approach winter.

I have long thought that deflation is likely, once the second wave of the commodity boom started to collapse.

Unfortunately though RB, you are hoist by your own petard here.

You have published so much rubbish, disinformation, twisted interpretations, and in some cases, outright lies - that everybody just ignores your threads, even when finally you hit the nail smack on the head.

It's called 'cry wolf' syndrome.

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Unfortunately though RB, you are hoist by your own petard here.

You have published so much rubbish, disinformation, twisted interpretations, and in some cases, outright lies - that everybody just ignores your threads, even when finally you hit the nail smack on the head.

It's called 'cry wolf' syndrome.

Is this a bear thing?

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I have long thought that deflation is likely, once the second wave of the commodity boom started to collapse.

Unfortunately though RB, you are hoist by your own petard here.

You have published so much rubbish, disinformation, twisted interpretations, and in some cases, outright lies - that everybody just ignores your threads, even when finally you hit the nail smack on the head.

It's called 'cry wolf' syndrome.

Hey! RB just posts articles he finds of interest and some of which may accord with his bearish sentiment together with his own views. I haven't noticed any 'lies'!! You may disagree and are welcome to post an alternative view.

On this article it may be too soon to conclude the reason for a fall in producer prices, but fuel has fallen recently. Also gas prices have fallen a great deal and power prices are falling temporarily. The pound has stopped sliding for now (but will resume against $usd soon) There is also the pressure of weakening world demand. We saw that the recent upswing in manufacturing was not maintained in June figs. The sharp fall in Baltic Dry Index since May suggests a fall in world trade is happening now. But confirmation will only come with time.

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  • 153 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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