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A Third Of Finance Directors Believes Uk Economy Will Double-Dip

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"Boardroom confidence in the economic recovery is collapsing at its fastest rate in three years as companies predict falling profit margins and fear the fallout from weak consumer spending in the UK"

Philip Aldrick & Richard Tyler

6:00AM BST 11 Jul 2011

The Daily Telegraph

One-in-three finance directors now believes the economy will fall back into recession, according to the survey of FTSE 100 and 250 companies by Deloitte.

Their concerns come as economists have moved swiftly to downgrade their growth forecasts following poor figures on construction and manufacturing late last week. Citigroup is among those forecasters now predicting the economy shrank by 0.2pc in the second quarter. The respected National Institute has warned growth will be just 0.1pc, following the previous six months of economic stagnation.

More Here

Certainly in my sector (hi-tech), there is a growing twitchiness as we find ourselves hanging off the tail-end of a post crash boom.. will it hold steady or submit, inevitably, to the cycle?

Any other industries feeling this returning sense of Wiley Coyote?

Is this, perhaps, Bernanke-et-al making us beg for our porridge..

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What we need is a fringe event. I'd love to view the alternate universe where brown is still in power.

In hindsight I wish Brown hadn't "bottled" in 2007. We would've had a much faster crash under Labour.

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Two thirds don't?

Personally I think two thirds are right (as I hinted in my OP).. we will only need a small dip to create enough panic to justify more printing. Not even a dip really, just enough fear that if we don't it will happen. I think Buffet expects this also. Though I could be interpreting him wrong.

More than that, who knows how the universe works..

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In hindsight I wish Brown hadn't "bottled" in 2007. We would've had a much faster crash under Labour.

..ah...would Murdoch have backed him then....and why ....?... :rolleyes:

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ex City man who became MD of a provincial firm I deal with - last autumn he told me he expects a dd, he's no longer with thar firm so can't check his current opinion (might be relevant to add that firm is far busier now than when he was there, but are they just busy fools or making a profit...)

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What we need is a fringe event. I'd love to view the alternate universe where brown is still in power.

In hindsight I wish Brown hadn't "bottled" in 2007. We would've had a much faster crash under Labour.

..ah...would Murdoch have backed him then....and why ....?... :rolleyes:

Interestingly, Fringe's Anna Torv is/was Rupert Murdoch's niece (through marriage).

220px-Anna_Torv_by_Gage_Skidmore.jpg

As for the UK economy double dipping, if it doesn't it'll only be because the government/BoE has done everything in its power to prevent it. A raise in interest rates of 0.25% would probably be enough and if not then FFS raise them!!

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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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