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Leonard Hatred

Credit Crunch 'still Worsening'

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The global credit crunch shows no signs of abating, according to the International Monetary Fund (IMF).

In its latest global financial stability report, the IMF says that falling house prices and slowing economic growth are hitting credit.

It warns that banks are under renewed stress, and further cutbacks in bank lending could deepen the slowdown.

The IMF also says that emerging markets like China may also suffer more pain in the future from the credit crunch.

http://news.bbc.co.uk/1/hi/business/7528564.stm

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The same IMF that recently said that the UK would grow this year?

&

didnt they say last week of the week before it was almost over?

Exactly, indeed they did or imply same.

Whatever they're on, they're obviously awaiting supplies...

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So which is it? Credit Crunch worsening or House Prices to grow 25% in next five years?

I wonder what tomorrow's Daily Expulse schizoid-cum numberwang headline will say?

NHF still looking to con a few more sheeple to go swimming naked just as the tide goes out?

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If you make enough predictions eventually they will come true. Perhaps this is the new ethos in the IMF, they are just hedging their bets if they say it's over and it's going to get once the law of averages state one of these viewpoints will be correct.

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The same IMF that recently said that the UK would grow this year?

yes, it's hard to take their predictions seriously when, as you say, it was only 2 weeks ago that they increased their prediction for UK GDP from 1.6% to 1.8% - then a few days later Q2 GDP came in at 0.2% and is set to fall further

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  • 399 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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