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benn

Finest Days Of Uk Recovery Could Be Over As Manufacturing Growth Sees Shock Drop

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It was a fake recovery anyway. None of the systemic problems have been addressed and everything looks set up for another major crisis, worse than 2007. There's some real nasty toppy extremes out there now in a number of asset classes and markets, and they have no tools left manage the oncoming calamity, so should be interesting to see what they do.

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It was a fake recovery anyway. None of the systemic problems have been addressed and everything looks set up for another major crisis, worse than 2007. There's some real nasty toppy extremes out there now in a number of asset classes and markets, and they have no tools left manage the oncoming calamity, so should be interesting to see what they do.

They have plenty of tools left.

We still have banks that can be nationalised. The US haven't even started on this front yet, however Gordon has already made a start on this process.

There's negative interest rates.

Saver bail-ins.

Wealth confiscation, margin calls on BTL with the banks becoming the largest BTL managers in the country.

There are plenty of options yet in a vain attempt to keep the plates spinning and I have every faith these options will be taken rather than face reality.

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They have plenty of tools left.

We still have banks that can be nationalised. The US haven't even started on this front yet, however Gordon has already made a start on this process.

There's negative interest rates.

Saver bail-ins.

Wealth confiscation, margin calls on BTL with the banks becoming the largest BTL managers in the country.

There are plenty of options yet in a vain attempt to keep the plates spinning and I have every faith these options will be taken rather than face reality.

Each intervention from now will exacerbate the situation in a more immediate fashion in my opinion. Their response since 2007 has made the situation worse, it is just not apparent to all yet. As sure as night follows day this ponzi has to collapse. You just get the feeling they're omnipotent because it hasn't happened yet.

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They have plenty of tools left.

We still have banks that can be nationalised. The US haven't even started on this front yet, however Gordon has already made a start on this process.

There's negative interest rates.

Saver bail-ins.

Wealth confiscation, margin calls on BTL with the banks becoming the largest BTL managers in the country.

There are plenty of options yet in a vain attempt to keep the plates spinning and I have every faith these options will be taken rather than face reality.

Red George will run the primary deficit back up >7% and borrow more until the GE. He'll put the blame on Russia, Europe, ISIS, sunspot activity etc. After that it's helicopters and wheelbarrows all the way.

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They have plenty of tools left.

We still have banks that can be nationalised. The US haven't even started on this front yet, however Gordon has already made a start on this process.

The US have nationalised all the losses and left the banks the profits from that action, so in many ways much worse than nationalisation.

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I think the BBC announced last week that they pushed for the FCA to do a PPI underpayments review so maybe some more cheques in time for Christmas?

CPI is weak and trending lower, weak Eurozone ,supermarket price war looming and weak wage growth BOE seem relaxed. As above Osbourne will need to overshoot the public sector net debt forecasts for 14/15. They can always load the increased spending cuts into the future spending review period.

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I think the BBC announced last week that they pushed for the FCA to do a PPI underpayments review so maybe some more cheques in time for Christmas?

CPI is weak and trending lower, weak Eurozone ,supermarket price war looming and weak wage growth BOE seem relaxed. As above Osbourne will need to overshoot the public sector net debt forecasts for 14/15. They can always load the increased spending cuts into the future spending review period.

The whole mis-selling phenomenon really was a stroke of genius. Need more money sloshing around? Give a load back to the feckless. You hear them on the adverts - "We were able to go on a deserved holiday." No mention of paying down their own debts early.

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