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America Discovers Why You Should Save

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“Katrina may be enough to set back America's financial recovery by a year ... The advantage of being fiscally prudent is that when a rainy day comes along you have much more flexibility,” says Mr Edwards.

http://news.ft.com/cms/s/1e96b6de-2ba9-11d...000e2511c8.html

God knows what this one is going to do to the deficit. Texas - money no object!

We are so screwed. We are in for a long hard recession/depression.

Unless of course California has a major earthquake, then we are joining the 3rd world.

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Guest Charlie The Tramp
Katrina may be enough to set back America's financial recovery by a year ... The advantage of being fiscally prudent is that when a rainy day comes along you have much more flexibility,” says Mr Edwards.

We are heading back to the day of the saver and a global world of prudence within the next five to ten years, and the monetarists and speculators will get their fingers well and truly burnt. <_<

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Guest Charlie The Tramp
Big war coming in Iran. Loads of money spent on bombs and planes and tanks.

In that case there will have to be be massive conscription within the countries taking part.

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In that case there will have to be be massive conscription within the countries taking part.

You are right.

However that might be the point at which the populations say no to the politicians.

Many of the young would refuse, supported by many of their elders.

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http://news.ft.com/cms/s/1e96b6de-2ba9-11d...000e2511c8.html

God knows what this one is going to do to the deficit. Texas - money no object!

We are so screwed. We are in for a long hard recession/depression.

Unless of course California has a major earthquake, then we are joining the 3rd world.

Er......make that rejoining [snootysmugeuropeansmilie]

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You are right.

However that might be the point at which the populations say no to the politicians.

Many of the young would refuse, supported by many of their elders.

The govt. would wave the big fat carrot of "key fighter" loans so they could get on the ladder.

That would be seen through too. :lol:

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  • 301 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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