A new record. Something's up. Interesting times.
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Unemployment data probably didn't help:
BBC News - UK unemployment increases to 2.51 million
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I've got an odd feeling the stock market is about to head South again in the next few days also (and I'm usually bullish).Comment
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The predictions on the Greece bail out are in, and it's not favourable, unemployment in UK and USA is poor, yet the company profit data is good (esp in the UK centric FTSE 250), and there is good news on the return of dividends for many companies ... more volatility beckons. Sweet.Comment
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Sterling down, gold hits a new record again today. Same old same <yawn>
Interest rates to be kept low for the foreseeable future, inflation is not a concern (except to investors and savers).
Looks like devaluation and inflation is the way to go. Mugabenomics.Comment
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But, but, but, ...... a lower Sterling exchange rate would be good for exports and restore our balance of trade. Reuters: Trade deficit widens after imports jump
How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Looks like Gordon got out just in time.Originally posted by HairyArsedBloke View PostBut, but, but, ...... a lower Sterling exchange rate would be good for exports and restore our balance of trade. Reuters: Trade deficit widens after imports jump
Last edited by TimberWolf; 13 May 2010, 13:19.Comment
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Wheelbarrows! Wheelbarrows! Get yer wheelbarrows here!Originally posted by zeitghostBehold the warranty -- the bold print giveth and the fine print taketh away.Comment
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