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Ultra Fox

Doomsday

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Odd, the EU carried out all those stress tests, cleaned out the bad eggs, yet this week, felt QE was needed..

Doomsday Schmoomsday

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Banks want lending activity, not simply HPI forever. They're offering lower and lower lending rates only because few people want to / can borrow from them these days. They want activity, but clearly they're not getting it at the levels they want. IMO, the banks are in a death-by-a-thousand-cuts "spiral".

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