Thursday, Jun 08, 2006

Market take a beating as widespread concern about global inflationary pressure takes hold

FT.com: FTSE 100 in red for 2006 as sentiment sours

London equities set to finish sharply lower on Thursday as Wall Street indices slump due to widespread concern about global inflationary pressure. The FTSE 100 looks set to finish the day down 2.5% which takes it into the red for 06.

Posted by denzil @ 04:57 PM (513 views)
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9 Comments

1. Surfgatinho said...

Obviously not enough to concern the MPC though!

Thursday, June 8, 2006 07:32PM Report Comment
 

2. denzil said...

>>Obviously not enough to concern the MPC though!

That's because we live in a Gordon Brown miracle economy where we are imune from global economic forces.
Apparently Mr Brown can cry milk too and can capture clouds with his hands and whip them into the finest candy-floss.

Friday, June 9, 2006 09:18AM Report Comment
 

3. George Monsoon said...

Just wait till he (Crash Gordon) gets to sit on the throne at number 10 next year.....

Friday, June 9, 2006 10:19AM Report Comment
 

4. tyrellcorporation said...

I have a sneaking suspicion that the race for number 10 won't be a one-horse affair and there might be an upset.

As an aside, yet another of my mates is leaving the UK this week (the 5th this year!) citing (amongst other things) the lack of any prospect of owning their own home. These are all intelligent guys too with good jobs. I am beginning to wonder whether sustained high house prices are starting to create a brain-drain. Has anyone else noticed an increase in emmigration or jobs abroad moves?

Friday, June 9, 2006 12:12PM Report Comment
 

5. Retiredbanker said...

For many years my advice to young people ( those who are not in overpaid parasitic jobs ) is to obtain a
worthwhile qualification and emigrate.
I remember all too well the basket-case economy we had in the 1960/70's, and North Sea oil and gas will
be gone in less than 14 years from now ( see DTI website ).
With a projected population of 70 millions , the countryside being concreted over, a declining industrial base,
I see no future in this Country.

Friday, June 9, 2006 12:43PM Report Comment
 

6. Surfgatinho said...

The only reason I'm still here is my partner won't move. I could be earning pretty much what I am now anywhere on earth.
I've travelled a fair bit and never earnt half what I earn now but my standard of living was always infinitely higher.
As Retiredbanker points out things are set to get much worse on this overcrowded little island of ours

Friday, June 9, 2006 02:43PM Report Comment
 

7. Bamboo said...

i have seen many friends over the past few years leave the UK. I think that long term the Uk will not be the the Country we all know and love. Its so hard to leave your own country and roots once you reach a certain age (45 plus) and just turn up somewhere else where you dont know anyone and you have no history. Its so sad to think that people are so desperate to leave the Uk that anywhere but here seems the sentiment. Personally i still want to hang on in here and try to cope with the changes. The green fields of England are being built over so i suppose i will just have to try and find more remote places here to hang onto the feeling of home. Crime is scary, overcrowding is happening on a grand scale and the future seems to hold many unknowns. For fear of sounding out of touch i have moments when i pull into laybys stare at our beautiful countryside and feel a sense of loss for everything i grew up with - in our area - the M11 corridor Prescott has passed plans for thousands upon thousands of new homes our landscape is going to change beyond all recognition. Houseprices are a sad fact at the moment buy what is more upsetting is that we will all end up crammed into crappy new estates like rabbits in hutches and working our butts off to pay for it. Everything locked , bolted, alarmed and tied down, pets not tied up outside shops for fear of being stolen etc etc etc etc . I am going to get another drink feeling totally browned off with it all - oh well not all bad Poland 2 0 down !!!

Friday, June 9, 2006 10:02PM Report Comment
 

8. uncle chris said...

I haven't noticed any serious interest in emigrating, but I have noticed increased activity on the white-flight stakes. Two new arrivals (family from London and couple from Leicester) both commented that their areas 'has been lost to the immigrants'. I see communities slowly polarising and there seems little appetite on either side to embrace the multi-cultural society the powers that be wish us to. I also worry that the people that are emigrating are the people we least need to lose the least and vice versa for those coming in. Personally I hope that the current liberal 'flower power' generation that are running things are on the way out and are replaced by politicians with guts to sort out the problems this country and indeed the world faces.

Friday, June 9, 2006 10:18PM Report Comment
 

9. tyrellcorporation said...

I agree Uncle Chris but sadly with the BBC and the champagne liberals that seem to now run the media, I see little chance of economically literate people getting back into power. Until that point comes we'll have to put up with Bliar, spin, incompetence, high taxation, high crime, dumbed down education, human rights law absurdities, political correctness, diversity agendas, respect initiatives, NHS IT debacles, immigration chaos, water shortages, transport meltdown, etc, etc, etc...

I really do despair...

Friday, June 9, 2006 11:25PM Report Comment
 

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