Monday, May 15, 2006

Black Monday revisited as FTSE drops 2.6%

TimesOnline: Stock crash gathers pace on dollar, inflation fears

Inflation fears and a weaker dollar sent world equity markets tumbling for a second day.
The FTSE 100 index crashed as much as 156.7 to 5755.4 in the opening hour of business.

Posted by denzil @ 09:39 AM (614 views)
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1. talking rot said...

The dollar is weakening and looks like it could loose sufficient value to warrant a change in economic policy. However, US consumer debt could be eroded by a period of high inflation. Would the Fed allow it? If not, the chances are that UK interest rates would rise; if so, would the UK face growing inflationary pressure the Independent BoE would have to act against. Either way, this does not increase the chance of an Interest Rate cut.

Monday, May 15, 2006 12:50PM Report Comment

2. sirgoogle said...

Oh Bu99ur ! There go the savings and investments.

He ho - lets hope an IR rise to 5% by the end of the year - can't see any other way of getting a HPC..

Monday, May 15, 2006 10:56PM Report Comment

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