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http://observer.guardian.co.uk/business/st...1577521,00.html

Although a natural optimist, I am going to make a prediction that is almost apocalyptic. In a short time - a few years at most - the rich West and Japan will have a terrible shock. Living standards will fall precipitously, companies will fail en masse and established institutions will find themselves in financial peril. Asset prices - particularly those of houses - will fall dramatically in some countries, notably the US and UK, and world trade conditions will deteriorate significantly.

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At least the author of the article is being consistently apocalyptic – even the book he's promoting has crashed 40%, and it’s only been out a day! :o

1841126918.02._PE40_SCMZZZZZZZ_.jpg

Edited by spline

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Guest Time 2 raise Interest Rates

And this from a optimist.

House prices in the over extended markets of the UK and US

will fall by up to 50% :blink:

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Guest consa
And this from a optimist.

House prices in the over extended markets of the UK and US

will fall by up to 50% :blink:

No they won't it will be 45% :lol:

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Guest Time 2 raise Interest Rates

I like this line best.

"OPPORTUNITIES WILL ABOUND FOR THOSE WITH CASH

AND LITTLE OR NO DEBT"

A very rare species. :D

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Yep, I still think deflation is going to be the thing that causes all the problems. And he is right about China also IMPO.

I was reading about China having test flights this week of an airbus/boeing clone - bear in mind that both boeing and airbus have been envisaging huge sales of aircraft in China over the next 50 years. I don't see it happening.

The story reminded me of that well known US Internet router company that, so keen to get sales in China, agreed with Chinese demands not only to view its prized and secretive source code but also demanded to make the routers sold in China... in China. China now has, surprise surprise, its own rapidly growing Internet router company which, so many believe, is taking sales away from its US rival.

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At least the author of the article is being consistently apocalyptic – even the book he's promoting has crashed 40%, and it’s only been out a day! :o

1841126918.02._PE40_SCMZZZZZZZ_.jpg

From the Inside Flap

Are you looking forward to a better job, a larger house, a comfortable retirement? Do you think things are going pretty well for you? Wake Up! The unparalleled prosperity enjoyed by Western nations over the past 50 years is unsustainable. The balance of power is swiftly shifting to more entrepreneurial countries and this, coupled with the widening gap between rich and poor, a rise in global terrorism, the massive expansion of the Chinese economy, spiralling debt and an ageing population makes fundamental change to the lifestyles of those in the affluent West unavoidable. What is happening is not the cyclical change that most investors and business people experience, it is far more radical and far-reaching than anything experienced in living memory. Worried? You should be. But the bleak outlook doesn’t have to take everyone with it. Wake Up! provides practical help and advice that shows readers not only how to survive but also to prosper in the coming economic turmoil.

I wonder if the first bit of survival advice is to write a book with a suitably alarming title and vivid yellow cover claming to contain the solution, and then twist someone's arm to get Sunday broadsheets to carry thinly veiled adverts for said book?

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Guest Charlie The Tramp
Pay, and therefore living standards, will have to adjust to the effect of Chinese competition. Stock markets will collapse, house prices in the over-extended markets of the UK and the US will fall by up to 50 per cent, and major investment banks and other financial institutions will go bust.

Opportunities will abound for those with cash and little or no debt, but remember that the people who threw themselves from Wall Street windows in 1929 were generally not those who got caught up in the early part of the Crash. They were those who bought when shares had halved. Cheap can and will get cheaper.

And they called him Prudence Brown. :o

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Guest growl
Blair falls into line with Bush view on global warming

http://news.independent.co.uk/world/enviro...ticle314991.ece

That's equally bad news.

What do they have on him?

He doesn't care anymore. He going soon. Maybe Bush has promised him a nice private little island somewhere to retire and watch the unfolding economic crisis. Where he can sipp martinis and raise his glass to Brown smiling knowingly at the fiasco of a hole that Brown will have have dug himself into. <_<

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He doesn't care anymore. He going soon. Maybe Bush has promised him a nice private little island somewhere to retire and watch the unfolding economic crisis. Where he can sipp martinis and raise his glass to Brown smiling knowingly at the fiasco of a hole that Brown will have have dug himself into. <_<

Hasn't Cliff Richard already provided this?

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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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