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Pound Soars On Fastest Manufacturing Growth For A Generation

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Looks as if the BoE has missed the boat for rate rises, we'll now get a boom and they'll slam on the brakes far too late causing... a bust!

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Looks as if the BoE has missed the boat for rate rises, we'll now get a boom and they'll slam on the brakes far too late causing... a bust!

+1

They've missed they boat alright, just like the Fed. Maybe intentionally, who knows? I suspect the bust will arrive before they slam on the brakes. We'll go sailing off the cliff again right-foot pressed hard to the floor just like we did in 2008.

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http://www.bbc.co.uk/news/business-28106368

Just goes to show you need to back the runts of the litter...pounds, Greek debt, UK housing and US CDOs.

Well at least it gives us a financial forex play some time soon with equities and housing in the stratosphere, dollars anybody?

It was the same elsewhere yesterday. We're all manufacturing more. Where's it going again?

NEW YORK—A better outlook for global manufacturing pushed the US stock market to an all-time high on Tuesday.

The Dow Jones industrial average climbed within two points of 17,000 for the first time after separate surveys showed that manufacturing expanded in China and the US, the world’s two biggest economies.

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So Britain is once again a manufacturing powerhouse, exporting our many great products around the world leading to a huge trade surplus that will lift us out of any economic difficulty.

Made in Britain

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So Britain is once again a manufacturing powerhouse, exporting our many great products around the world leading to a huge trade surplus that will lift us out of any economic difficulty.

Made in Britain

London houses mostly. Oh, and financial benchmark rigging.

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They've missed they boat alright, just like the Fed. Maybe intentionally, who knows? I suspect the bust will arrive before they slam on the brakes. We'll go sailing off the cliff again right-foot pressed hard to the floor just like we did in 2008.

I just wonder, if labour want to win the next 2015 election?

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Looks as if the BoE has missed the boat for rate rises, we'll now get a boom and they'll slam on the brakes far too late causing... a bust!

They won't slam on the brakes this time.

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They won't slam on the brakes this time.

Carney has both his feet on the accelerator. He's pigging out on a mansion house sandwich and playing the radio full blast, not a care in the world as he can jsut bugger off when it all blows up again.

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They won't slam on the brakes this time.

Agree. They can't stop now. There are only two ways out - voluntarily stop the insanity and let everything collapse in a semi-ordered but mightily painful way, or carry on and destroy the entire financial system bringing down the entire structure in one massive explosion.

Edited by Errol

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They won't slam on the brakes this time.

They didn't last time. The US housing bubble burst in 2006 while Greenspan and Bernanke were still denying its existence.

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Agree. They can't stop now. There are only two ways out - voluntarily stop the insanity and let everything collapse in a semi-ordered but mightily painful way, or carry on and destroy the entire financial system bringing down the entire structure in one massive explosion.

It's worth remembering that money isn't actually real. A reset of the system might cause some disruption. But the people, the buildings, the goods.. they will still be there.

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May explain why Miliband is there...don't want the coming car crash.

Every political party always desires to be in power, it's the politician's raison d'etre. How else will the politicians feather their nests without being in a position to change legislation to suit rich backers or dish out generous chunks of public money to business associates?

They'll worry about what to do about the economy once they get into that position of power - or rather, how easiest to kick the can down the line.

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'Some disruption' - bit of an understatement there.

I'm beginning to think it isn't an understatement. The world collapsed in 2008 we still haven't really recovered, yet restaurants were full and the Western middle classes had wine and theatre. We saw a few wars in that time, collapse of Arab nations, and still no discernible difference for the minions that look after the system.

If you try and talk to people about what is happening they look at you blankly or point to UK "Manufacturing" statistics like the ones out today. If people can't see what is affecting them and happy to walk off a cliff there really is nothing you can do about it. I really can't see anyone actually noticing a problem until Tesco is empty and the bank cards stop working. Given the borrowing situation at the moment that doesn't look like it will happen any time soon.

The whole financial system was re-written in a couple of weeks at Bretton-Woods and the same thing will happen this time. Some people will win, some will lose but life will carry on - no understatement.

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I'm beginning to think it isn't an understatement. The world collapsed in 2008 we still haven't really recovered, yet restaurants were full and the Western middle classes had wine and theatre. We saw a few wars in that time, collapse of Arab nations, and still no discernible difference for the minions that look after the system.

If you try and talk to people about what is happening they look at you blankly or point to UK "Manufacturing" statistics like the ones out today. If people can't see what is affecting them and happy to walk off a cliff there really is nothing you can do about it. I really can't see anyone actually noticing a problem until Tesco is empty and the bank cards stop working. Given the borrowing situation at the moment that doesn't look like it will happen any time soon.

The whole financial system was re-written in a couple of weeks at Bretton-Woods and the same thing will happen this time. Some people will win, some will lose but life will carry on - no understatement.

Buggeration! I am counting on a collapsing pound in the next 18 months!

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'Some disruption' - bit of an understatement there.

Fair enough.

What disruption would there be that could not be fixed by changing some numbers in a computer?

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I'm beginning to think it isn't an understatement. The world collapsed in 2008 we still haven't really recovered, yet restaurants were full and the Western middle classes had wine and theatre. We saw a few wars in that time, collapse of Arab nations, and still no discernible difference for the minions that look after the system.

If you try and talk to people about what is happening they look at you blankly or point to UK "Manufacturing" statistics like the ones out today. If people can't see what is affecting them and happy to walk off a cliff there really is nothing you can do about it. I really can't see anyone actually noticing a problem until Tesco is empty and the bank cards stop working. Given the borrowing situation at the moment that doesn't look like it will happen any time soon.

The whole financial system was re-written in a couple of weeks at Bretton-Woods and the same thing will happen this time. Some people will win, some will lose but life will carry on - no understatement.

Think more in terms of the Weimar Republic-type problems and you'll get closer to what is going to happen.

War is inevitable now, I think. Never before has the world been in this situation and not had a war (as Kyle Bass is fond of telling us). Life is not going to be normal for the vast majority of people.

Edited by Errol

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This has years to run yet, and talk of 1930's Germany etc, is IMHO not going to happen.

HPC forum is the modern day equivalent of those men with sandwich boards with "the end of the world is nigh" on

them that my mother used to rush me past in town as a child. Still hasnt ended and that was 40 years ago.

Same on here, crash soon, interest rate rises soon, collapse of banks soon, it's always soon been banged on about here

for 10 years or more. The plate spinning can go on a lot longer yet.

Anyone with a view other than doom, usually has their legs blown off very quickly.

Stopped watch seems to spring to mind.

I'm off for reprogramming now :ph34r::D

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Think more in terms of the Weimar Republic-type problems and you'll get closer to what is going to happen.

War is inevitable now, I think. Never before has the world been in this situation and not had a war (as Kyle Bass is fond of telling us). Life is not going to be normal for the vast majority of people.

Yes, we have tensions in Syria/Iraq, Russia/Baltic, China/Japan, and of course Israel/Palestine. Could kick off at any moment.

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Think more in terms of the Weimar Republic-type problems and you'll get closer to what is going to happen.

War is inevitable now, I think. Never before has the world been in this situation and not had a war (as Kyle Bass is fond of telling us). Life is not going to be normal for the vast majority of people.

You mean a scary hyperinflation takes away practically all debt leaving the economy excellently placed for sustained growth powered by a Keynesian stimulus or two?

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