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Uk Financial Services Growing At Fastest Rate Since Crisis

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http://www.theguardian.com/business/2014/oct/06/uk-financial-services-growing-fastest-rate-crisis

Britain’s financial services sector is growing at the fastest rate since before the financial crisis, according to the latest snapshot of the industry from the CBI.

The business lobby group said firms had reported rising profits and the strongest increase in business volumes since 2007 in the three months to September.

Companies in the sector were confident about winning new customers in the three months ahead, but optimism grew at the slowest pace in two years.

Rain Newton-Smith, the CBI’s director for economics, said a steep fall in the value of non-performing loans over the period suggested much of the fallout from the financial crisis was working its way out of the system.

“The UK’s financial services sector is enjoying its strongest run of growth since 2007, with activity rising across all customer categories and profitability bouncing back,” she said.

“With competition one of the top concerns for the coming year, the sector could be moving to a new phase in the recovery where firms are feeling more assured about the level of demand, and are now shifting their gaze to competing for new customers and business. This is reflected in their expectation that sales to new customers will be the main driver of growth in the coming quarter.”

The parasites are growing!

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Vive Le Citeh!

Asymmetric payoffs guaranteed.

(terms & conditions apply. your country may be at risk blah de blah)

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This is what tends to happen when you bail out all the banks etc, take the bad debt off their books and offer them money/fresh reserves in return.

The end of all this is going to be very unpleasant indeed.

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The money printing "stimulus" can't be absorbed by the corpse except by inflationary bloat but the parasites can still get fat on it.

The chief parasites will of course say there's an amazing recovery.

Edited by billybong

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Expansionary tops and maxed out bubbles are occurring in everything that should have been in contraction since 2008 had market forced been allowed to operate unhindered. Financial Crisis Mk II is not far off. What a chuffing mess. Where are we now? Third of a trillion printed and half a trillion borrowed and we are back to 2007 levels, and pumped again and ready to blow. Welcome to the twilight zone.

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Expansionary tops and maxed out bubbles are occurring in everything that should have been in contraction since 2008 had market forced been allowed to operate unhindered. Financial Crisis Mk II is not far off. What a chuffing mess. Where are we now? Third of a trillion printed and half a trillion borrowed and we are back to 2007 levels, and pumped again and ready to blow. Welcome to the twilight zone.

As I said, this is not going to end well. We didn't have a crash in 2007/8. We're still waiting for it.

Edited by Errol

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LOL

When thousands of people lose their jobs, the commission only sales teams of the financial industry take up the slack with Insurance "consultants" selling to their relatives, mortgages added in.

Of course its growing....there is nothing else to do.

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As I said, this is not going to end well. We didn't have a crash in 2007/8. We're still waiting for it.

Not ending well is actually a good end to most proles, i just wish i would happen asap.

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