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The Masked Tulip

As The Leaves Turn Gold, The World Economy Chills

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Worht a read about where we are now both in the UK and globally re this entire financial mess.

http://www.bbc.co.uk/blogs/newsnight/paulmason/2010/08/as_the_leaves_turn_gold_the_wo.html#comments

Very interesting comment piece by Paul Mason. The scary bit is the parallel he drew with the Great Depression with the fiscal austerity measures making things worse. In 1927 (read 2008) there was a mini crash in the markets and "organised support" from the banks (read stimulus) stabilised things. Then the bottom fell out of everything in 1929. We are now seeing austerity measures being implemented in the Western economies......... does that mean 2011 could be 1929 all over again?

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Very interesting comment piece by Paul Mason. The scary bit is the parallel he drew with the Great Depression with the fiscal austerity measures making things worse. In 1927 (read 2008) there was a mini crash in the markets and "organised support" from the banks (read stimulus) stabilised things. Then the bottom fell out of everything in 1929. We are now seeing austerity measures being implemented in the Western economies......... does that mean 2011 could be 1929 all over again?

Do you mean 2010? You'll find out soon.

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  • 239 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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