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The spark is that no-one has any money to buy tat. Wages haven't been going up for the last 5yrs in the West. No doubt Govts will be "surprised" that demand has dropped. The free money to banks and big business is drying up. Either give them some more or else, ... or else...

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The spark is that no-one has any money to buy tat. Wages haven't been going up for the last 5yrs in the West. No doubt Govts will be "surprised" that demand has dropped. The free money to banks and big business is drying up. Either give them some more or else, ... or else...

No breaking news in any of that lot though.

EDIT - Has Cheryl Cole's X-Factor dismissal been confirmed???

Edited by rantnrave
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Global stocks slid the most in three months and the euro weakened as U.S. jobless claims rose and European Central Bank President Jean-Claude Trichet said the debt crisis threatens banks. Oil slid as the International Energy Agency planned to release emergency stockpiles.

http://www.bloomberg.com/news/2011-06-23/dollar-gains-as-asia-stocks-commodities-slide-after-fed-cuts-u-s-outlook.html

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The spark is that no-one has any money to buy tat. Wages haven't been going up for the last 5yrs in the West. No doubt Govts will be "surprised" that demand has dropped. The free money to banks and big business is drying up. Either give them some more or else, ... or else...

+1

Edited by John Steed
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What's the immediate spark here?

Oil is down 5% ish today, FTSE has lost 1.5%, £ below $1.60...

Bernanke said no more QE yesterday. Share prices have been highly correlated with Fed QE/POMO purchases.

No real buyers so price drops. I'm expecting big falls until they restart the printing press.

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Its a hissy fit as Benny the printer didn't deliver the goods yesterday.

He can't just print willy nilly he has to wait for us to ask for more.

The markets are asking for more funny money today.

Printy, printy.

No I don't think so. Its crash the market and buy everything back with the stolen loot phase, then rinse/repeat. They must think we are f*cking stupid not that we can do a lot about it, as people won't actually fight till they are starving. As long as X factor is on, and Tesco''s are well stocked with cheap booze and Pringles they will keep getting away with it.

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As long as X factor is on, and Tesco''s are well stocked with cheap booze and Pringles they will keep getting away with it.

:lol: A recurring very funny recurring joke although it's not a joke is it. It's completely true. :(

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No I don't think so. Its crash the market and buy everything back with the stolen loot phase, then rinse/repeat. They must think we are f*cking stupid not that we can do a lot about it, as people won't actually fight till they are starving. As long as X factor is on, and Tesco''s are well stocked with cheap booze and Pringles they will keep getting away with it.

Oh yes its all orchestrated, but he will print.

And its precisely because we are a nation of losers that we will be begging for more printing.

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Oh yes its all orchestrated, but he will print.

And its precisely because we are a nation of losers that we will be begging for more printing.

I believe you are spot on. And my belief was so strong that I shorted the DOW last night after it's "oh so predictable" rise pre-speech. Fell about 150 points in 30 minutes...algos went crazy as there was no mention of QE3.

QE3 will come to be sure but not until we've seen a 20% or so loss on the indexes. The US are all roped in with their 401Ks so they really do feel "poorer" when the stock market falls (even though stock market gains mean absolutely nothing while a currency is devaluing at the same rate).

Plus since a lot of QE2 went into bailing out Euro banks and those same banks are as insolvent as ever..."we're going to need a bigger boat"

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Wage inflation: 2%, price inflation: 5%

Result: economic decline by 3%

And it's cumulative. Next year the decline will be 6%, then 9% the year after and so on. It's not physically possible for the economy to experience genuine growth in this environment. (Artificial QE type growth is possible, but as soon as you remove the stimulus the economy will fall back.)

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  • 429 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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