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Realistbear

I M F Change Mind About U K --Its In The Slowlane

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http://www.dailymail.co.uk/news/article-1343181/Britain-stuck-slow-lane-recovery-emerging-nations-lead-way-recession.html

Britain 'to be stuck in slow lane to recovery' as emerging nations lead the way out of recession
By DAILY MAIL REPORTER
Last updated at 3:50 AM on 1st January 2011
Britain will be the stuck in the slow lane this year in a ‘two-speed’ global economic recovery, the International Monetary Fund said last night.
In an unsettling prognosis for 2011, the watchdog predicted that developed economies such as the UK will continue to struggle as they tackle their towering debt mountains.
Growth will be so lacklustre that unemployment levels will remain at their current elevated levels across the industrialised world, according to the IMF.

2011 looks like the year we begin paying for Gordon's lunch. I wonder how much longer Sterling and the FTSE can carry on rising based on the former prognosis that thew UK was on the road to recovereh? Sounds like the IMF have pulled a U turn--maybe they have woken up to the fact that our number one industry is collapsing (HPI)?

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Happy New Year RB. Have you thought this through? What would happen to the ftse where overseas earnings are great, when Sterling weakens?

Overseas earning are the problem. We have exported all the HPi (debt) we are going to export and our former customers are as broke as we are.

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I wonder how much longer Sterling and the FTSE can carry on rising based on the former prognosis that thew UK was on the road to recovereh?

The FTSE100 captures about 80% of the UK market. The top 10 of these are half the index. When you look at what they are, you see that they are global companies. A miner for example, mines and sells all over the world. A downturn in the UK economy barely matters. They are not so much British companies as British registered companies. Since they are such a large part of the index, the index can rise whatever happens to the UK.

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  • 312 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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