The "talk the economy up" thread.

DirectDebacle

In an unprecedented move to clear up confusion the Energy Retail Association (ERA) issued the following statement:

" There has been public disquiet over the link between the price of oil and gas. This link only operates when the price of oil rises and thus there is a corresponding rise in the price of gas. Because of conditions peculiar to the market the price of gas cannot fall if the price of oil falls. We sell a product that people are forced to buy at the price we set but are not forced to buy it. This is how the free market and deregulation works and means our industry is recession proof. If there is a recession we will be amongst the first to [strike]profit from [/strike]lead the country out of it."

Then I woke up.

baby_boomer

At least one UK industry is recession proof
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Organised crime - Scotsman link

The mob always likes to say "yes" to your desperate request for a loan.

Who knows, if things get really bad we could even see a comeback for the black market

baby_boomer

But seriously

"Yes, we have no bananas"

Reminds us of the early 1920s, war years and immediate post war years when there was a shortage of many things we now take for granted - and which even a recession won't remove.

"Yes, we can't get an affordable mortgage [or at least not until 2009] " doesn't quite have the same ring.

And they can't take our sense of humour away either .

sabretoothtigger

If the currency fell further you would see imported goods much more expensive but I dont suppose they would stop them being available altogether.
Scales of economy might banish a few things from supermarkets

Maybe we'll join the euro

DirectDebacle

sabretoothtigger wrote: »

If the currency fell further you would see imported goods much more expensive but I dont suppose they would stop them being available altogether.
Scales of economy might banish a few things from supermarkets

Maybe we'll join the euro

It's already happening Sabre. I was running low on Toxic Debt so went out to get a top up. Shelves were empty and the man said he didn't know when any more would be imported. Trouble is neither does anyone else.

sabretoothtigger

But while we are on the subject of the vulnerability of Eastern European, Russian and South American economies, here's something positive to say about our banks: their loans to these regions are limited.

http://www.bbc.co.uk/blogs/thereporters/robertpeston/

sabretoothtigger

The number of mortgages approved for house purchases in the UK has risen for the first time in a year, according to the Bank of England. Also the Libor tumbles LIBOR (THREE-MONTH RATE): 5.88% (30 Oct)
Does this mean the market has its turnaround point.

http://newsvote.bbc.co.uk/1/hi/business/...
http://www.thisismoney.co.uk/libor

LIBOR (THREE-MONTH RATE): 5.88% (30 Oct)
5.91% (29 Oct) | 5.93% (28 Oct) | 5.95% (27 Oct) | 5.98% (24 Oct) 6.005% (23 Oct) | 6.04% (22 Oct) | 6.085% (21 Oct) | 6.116% (20 Oct) | 6.16% (17 Oct) | 6.18% (16 Oct) | 6.21% (15 Oct) | 6.25% (14 Oct) | 6.27% (13 Oct) | 6.28% (10 Oct) | 6.28% (9 Oct) | 6.28% (08 Oct)
• Announced at 11am on these dates and reflect borrowing rates from the previous day

sabretoothtigger

[SIZE=+1]Morgan Stanley calls bottom of market[/SIZE]

LONDON (ShareCast) - 1119: Footsie (news) continues to edge forward, helped by a dramatic shift in stance on equities from long-time bear Morgan Stanley (NYSE: MS - news) .
The US bank is advising its clients not to be short of equities and has reversed its "full house sell signal" of June 2007, to a "full house buy signal".
Morgan Stanley made its change after the four main market indicators - valuation, capitulation, risk, and fundamentals - all came up as "buy" signals. FTSE 100 is up 40 at 4,4483.

They called a sell june 2007? no one told me

LIBOR (THREE-MONTH RATE): 5.72% (4 Nov)
A recent history...
5.77% (3 Nov)
5.84% (31 Oct) | 5.88% (30) | 5.91% (29)

StevieJ

sabretoothtigger wrote: »

[SIZE=+1]Morgan Stanley calls bottom of market[/SIZE] They called a sell june 2007? no one told me

LIBOR Down, bit by bit, day by day.

chrisandanne

Ditto House Prices......A x