George (Soros not Gorgeous) UK warning

harryhound

posh*spice wrote: »

Can someone pleeeeeeeease explain to me why the stock market isn't really falling. We have oil at $135+ pb, falling house prices, and the fed just reduced the growth forecast for the USA to virtually zero - and still no signs of impending doom in the stock market. I don't get it? What do they know that we don't. Please enlighten me.:p:o

The index here in London is dominated by raw material companies, because London is a reasonably honest place and the shareholders prefer it here rather than in the countries of origin or in the over (?) regulated USA. The unit of measurement is the GBP a depreciating inflation prone currency.

So the index, which keeps on getting changed, as those companies that actually make something, fall out of the top 100. It has to keep running to stay standing still in real terms.

Mary_Hartnell

The full Soros interview is here and it won't get zapped at the end of the week, as it would on the domestic channels.

http://www.bbc.co.uk/worldservice/programmes/the_interview.shtml

GS offers the Emil Savundra defence of his actions, etched in the memory of anyone who watched the original David Frost interview. (I did not invent the system, I'm just playing it) If capitalism, instead of the effects of war or climate, starts killing people round the world next winter, because they cannot afford their "daily bread", then expect state socialism to come back into vogue.

http://en.wikipedia.org/wiki/Emil_Savundra

[Mind you the fraud was a brilliant early application of computers. One could go to the motor show, fill in the form, have it fed into the terminal, pay the money and walk away with a printed certificate of insurance]

tradetime

Not to say George is wrong, but bear in mind he has his own adgenda, this is the man who is famed as the man who broke the bank of england, I suspect you will have cause to curse him again soon.