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The "talk the economy up" thread.
Comments
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are things getting better? - shares seem up each day now and bad news seems to be subsiding a bit (well less dramatic anyway!!)..... are things better, or is this the lul before the storm??!!0
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I think bad news will change (to unemployment,company losses, further house drops - some of which we now expect so it doesn't seem so bad even though it is) It's in brackets so you can ignore it if you want as this is a happy thread!0
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It is easy to forget, given recent stock market volatility, but the FTSE 100 actually entered a bull market this week – a bull market in this case being defined as a 20 per cent gain from a recent low.
In the six trading sessions leading up to and including Tuesday, the FTSE 100 climbed 20 per cent from the five-and-a-half-year low of 3,852 reached on October 27. That advance was the UK’s biggest “bear market” rally since the terrorist atrocities of September 2001, according to Citigroup, and came after the trailing price/earnings ratio for the FTSE All Share index dropped to 8.3 – the lowest level since 1974.
http://www.ft.com/cms/s/0/45392a90-ad08-11dd-971e-000077b07658.html0 -
http://www.thisismoney.co.uk/libor
3852 x 1.2 = 4622
Ftse100 close on friday = 4233 or 110% of a recent low0 -
If we updated the 1993 deficit to a 2008-sized economy after 15 years of inflation, it would be over £110bn, compared with this year's projected deficit of about £64bn.
http://news.bbc.co.uk/1/hi/magazine/7733794.stm0 -
Inflation has fallen from 265% of target to 225% of target!
Break out the champagne now we can afford it.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Inflation has fallen from 265% of target to 225% of target!
Break out the champagne now we can afford it.
On the back of interest rate cuts 5.75% to 3%, not bad.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
That's a much more encouraging result.
Massive growth by Christmas!Happy chappy0 -
For savers ? :laugh: I remember when you could get a 5 year fixed Tessa at 10% interest I think it was, them were the days
Problem is theres more debtors then savers0 -
AND - today on the BBC they said that prices are coming down. They said that the inflation was going and we were going to have something better that means lower prices.
They called it something - now what was it? Yes, it was deflation!0
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