Friday, November 2, 2007

Belt Up people, its time to ride the waves.

Slowdown 'faster than MPC wants'

Its taken some time but here we have it, UK is on a downward spirall. It also looks like equities have given up on this false bull. bring on the bear!!!!

Posted by lee @ 11:52 AM (1106 views)
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7 thoughts on “Belt Up people, its time to ride the waves.

  • But the rates charged by the banks have decoupled from the base rate….
    Doesn’t this mean that the BoE will be “pushing on a string” ? Also, whether the UK is on a downward spiral or not, will not change the increasing prices of oil, imported goods and food.
    Labour, or more specifically Brown/Blair, destroyed this country years ago by keeping interest rates too too low and encouraging excessive borrowing. The key point is that all the borrowing has already happened! Who is left to borrow now?
    You can’t borrow for a house – prices are too high compared with your income.
    You can’t borrow on your overdraft/credit card – you already did.
    Who exactly will be helped by interest rates being lowered? Not the consumer. Not the fixed rate mortgages.
    Who? Have I misunderstood again? Surely consumption is going down because we are less wealthy than we used to be.

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  • Whats worse, New Labour can’t mediate the effects of a recession. We have to get the full force smack in the face.

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  • FTSE needs to break 6400 on the downside for the bear to apply.For technical reasons I dont think this is going to happen and the market will make new highs. I agree that the fundemental arguments make what ive just said non-sensical but on pure technicals thats the case.

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  • planning4acrash says:

    No buffer at all. We should have built up a healthy surpless and low inflationary environment by this point in the cycle. We can neither spend, borrow, nor (sustainably) rate cut our way from this hole.

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  • Thespirallandthesurpless says:

    Well, surrounded by surpless and spirall… what’s left to say? We are clearly doomed.

    Keep up the comic relief.

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  • the ftse on a p/e ratio of 11 is cheaper then the march 2003 lows!…many companies are worldwide sellers and with property off the radar pi’s will look to shares to make them wealthy.

    Now is a great time to buy bombed out shares imo.

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  • It’s like flipping a pancake. Trying to keep everything in the air at the same time is pretty much impossible.

    Flip them too high (so you have time to catch them all) and you risk either sticking to the ceiling and waiting for the Catastrophe theory to take effect and there is very little time to catch it as it falls, or they may hit each other and spin out of control.

    Flip them too low and the Critical Mass will be reach very quickly and you spend all your time fighting fires as external influences will have an enourmous influence.

    I think that we are basically flipping too low, there is enourmous momentum building up, and small changes like a 0.25% base rate change just isn’t going to work and one or two pancakes are going to get missed and lowering the level of the pan to create more headroom.

    (When you land a glider it is really “Just a controlled collision with the ground”, it’s going to happen, you just have to make it as soft as possible.)

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