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The economy

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    The economy

    Hats off to New Labour, Brown and co.

    All this talk of a 1929 depression and nothing materialises.

    A few wise words from the best PM since Churchill, a few £ trillion thrown to the banks and everythings back to Boom within a few months. Stock markets rocketing, house prices up and up.

    This time next year we're all be millionaires.

    Labour have my vote!

    #2
    Originally posted by DimPrawn View Post
    Stock markets rocketing, house prices up and up.
    Where are house prices going up? Apart from Cybertoryshire that is..........

    The stock market is a bear rally.

    Comment


      #3
      Originally posted by BrilloPad View Post
      Where are house prices going up? Apart from Cybertoryshire that is..........

      The stock market is a bear rally.
      So the sock puppets keep saying BP. When do you think the rally will stop, and hurtle back towards the gloom? On what sound economic knowledge do you base your answer on.

      I am expecting to be convinced.
      Knock first as I might be balancing my chakras.

      Comment


        #4
        Originally posted by suityou01 View Post
        So the sock puppets keep saying BP. When do you think the rally will stop, and hurtle back towards the gloom? On what sound economic knowledge do you base your answer on.

        I am expecting to be convinced.
        Of course I did not specify a timescale! The current rally might last 20 years and be at 20,000 before it slips back to 19k : I would still claim to be right!

        I am learning from Armstrong......

        Comment


          #5
          Originally posted by BrilloPad View Post
          Where are house prices going up? Apart from Cybertoryshire that is..........

          The stock market is a bear rally.
          http://miranda.hemscott.com/static/c...35/1661558.pdf

          Up every month since New Labour switched us back to boom mode.

          Comment


            #6
            DOW may touch 10000 to pull in more suckers
            then drop like a stone

            Comment


              #7
              Originally posted by DimPrawn View Post
              http://miranda.hemscott.com/static/c...35/1661558.pdf

              Up every month since New Labour switched us back to boom mode.
              The rightmove methodology is tracking those illustrious bearers of the flame of truth, estate agents. HBoS is based on their mortgages, which would give me a little more faith in the standards used.

              It also appears that the Rightmove one is working on the basis of tracking NBS. Hmm.

              I'd be more likely to put faith in the Hometrack, Capital Economics or DCLG (Land Registry) numbers.

              Comment


                #8
                Originally posted by Andy2 View Post
                DOW may touch 10000 to pull in more suckers
                then drop like a stone
                Is this opinion or do you have some economic theory to back this up?
                Knock first as I might be balancing my chakras.

                Comment


                  #9
                  Originally posted by suityou01 View Post
                  Is this opinion or do you have some economic theory to back this up?
                  Nah just read on some financial website

                  Comment


                    #10
                    Originally posted by Andy2 View Post
                    Nah just read on some financial website
                    Knock first as I might be balancing my chakras.

                    Comment

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