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Uk Manufacturing Contracts As Exports Slide

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http://www.telegraph.co.uk/finance/financialcrisis/8734665/UK-manufacturing-contracts-as-exports-slide.html

The Markit/CIPS manufacturing PMI headline activity index fell to 49 in August from an upwardly revised 49.4 in July.

That was the weakest level since June 2009 and the second straight month below the 50 line separating contraction from expansion, though it was slightly better than forecasts for a reading of 48.6.

Manufacturing output contracted for the first time since May 2009.

"The second half of 2011 has so far seen the UK manufacturing sector, once the pivotal cog in the economic recovery, switch into reverse gear," said Markit senior economist Rob Dobson.

We clearly need to debase the currency even more to get exports flowing (obviously don't mention putting up the cost of raw material imports).

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http://www.telegraph.co.uk/finance/china-business/8734443/China-warns-world-economy-fragile-as-export-orders-fall.html

Mr Wen warned that debt problems in Europe and the United States cannot be solved in the short term, and said Chinese exports could suffer from tepid global demand.

He said that imported inflation is unlikely to ease and Beijing would try to engineer a bigger drop in consumer prices in the second-half of the year and would not relax property tightening measures.

Excellent market manipulation never fails to work.

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No way out of this recession I’m afraid. Simultaneous austerity throughout Europe and US consumer confidence falling off a cliff. There is nothing UK policy makers can do about it.

Debt levels are too high and are crushing the global economy. The only way out of this spiral is massive debt write offs and a deflationary bust or print/ helicopter and stealth default via inflation.

The Eurozone looks set to go first in to the bust, the rest of the world will follow. Like watching a rerun of the 1930’s. Good to see we learned a lot in the last 80 years.

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No way out of this recession I’m afraid. Simultaneous austerity throughout Europe and US consumer confidence falling off a cliff. There is nothing UK policy makers can do about it.

Debt levels are too high and are crushing the global economy. The only way out of this spiral is massive debt write offs and a deflationary bust or print/ helicopter and stealth default via inflation.

The Eurozone looks set to go first in to the bust, the rest of the world will follow. Like watching a rerun of the 1930’s. Good to see we learned a lot in the last 80 years.

They seem to be opting for the latter but I suspect it will ultimately end with the former. It's not going to be pretty though whatever happens...

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Yep the only way out of the never ending recession, is to break the stranglehold the bankers have on our economies. But the bankers will never willingly give up their power, and they have total control of the political systems.

It will probably have to get like the 30's where things got really bad, and then people were willing to support radical political change.

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  • 343 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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