Member Info for Wids

Burn it. One less flag using wind energy.

Problem solved and fixed

Let's see what we got....

PMI manufacturing
UK - contraction ie below 50
US - contraction
Germans - contraction
Japs - contraction
Chinks - contraction
Swiss - contraction
Italians - contraction
Spanish - contraction
.....phew!
EU - contraction
_____________________
What else we got.......

Jap consumer confidence - down
Swiss retails sales - Big miss
UK mortgage approvals - down
UK lending to peeps m/m - down 25% Ooch! huh how come?
EU private loans y/y - stuck
US construction spending - big miss.
___________________________
The BIS annual Economic report released yesterday, warns the slowdown is worsening.

So, more cheese and biscuits in Basel, swilled down with red wine, except the turd Juncker, he's a cognac swilled.

Translation: More more more QE, Lower rates, more bullshite and more of the same.

Question is....will it work? Is there room for more debt in corporates/consumers/sovereign

Always room for more greed, blowing the bubbles bigger. Dow to 30,000 - TTSWHTF IMHO

Debt Saturation Point

Perry, that's the stuff. Straight from the farm. You won't need laxatives - gauranteed.

Forget plum juice

G13 - Thanks. In reply, the central banks are edept in blowing bubbles. We've gone from end of bond buying (ECB) and talk of raising rates, to lowering them and restarting bond purchases. The FED now in reverse, expect a double rate hike come July.

Truth is, these CBs have fcked up. We now live in a "inflate or die" world, more QE and lower rates, the only tools they have.

Easy cheap money has blown a massive bubble in stocks verses GDP growth multiple times, let alone other assets, at some point they'll have to reconnect to true value when the funny fake money is withdrawn, by design or otherwise. The next downturn/recession may well be protracted as the over indebted and malinvestments are purged.

That then will introduce the "time" factor. Do you or I have enough time to recover lost wealth - time and timing is everything.

Money is the primary measure in society. It's been distorted and twisted by CBs. The measure of true value lost. Negative rates in european/Japan imply zero risk - really? - I don't think so.

The more you print, the more you debase, your purchasing power evaporates.

As for a correction/recession or worse it's a matter of when not if. So it's a matter of how to protect one's wealth against the inevitable.

https://youtu.be/sPeRba-dZj4

Livestock

No, you're missing the global aspect. The world isn't about Lloyd's and Brexit.

Recession now being priced into banks globally- hence the index dropping.

So good luck with the Brexit thingy.

UT, u know me, no fan of governments. In France under 39c heat and the migrants walking around in thick anoraks and wolly hats. So expect governments to cotton on, ban boilers, wash in cold water and tell us to harden up, all from an upgraded central heated HOC.

Go long Horseshit and Roses.

Boomer, the freezing issue is an install issue and should not happen. As a heating unit a condensing unit is superior in efficiency over convensional. The wet side of a boiler is a different issue. I was a boiler engineer for years - BWTFDIK.

Boomer, ref boilers. They are more efficient as they reuse heat in secondary chamber, hence far lower flue gas temp. Typically 50c or less. Old boilers would expel 200 - 250c of wasted heat - no brainier.

''You'd have to think this is a bargain @ under 60p per share ?'' Yeah, unfortunately many have lost dough over the years - forever a bargain.

Bruce 07:23 post. Right on the money.

Gold off to the races. Fancy more Silver. Banking index not happy. The alligator jaws are widening with indices going north and banking index going south. Historically ends with recessions.

From having a row, to taking drugs...lol.

I take your point though Stagecoach.

All a bunch of tossers - heaven help us.

Or go to the world bank where all the info is sourced from in the first place.

Correct! - but I didn't know Brexit was that far reaching. /s. We're all heading for the plugole. Dead ahead the recession iceberg.

LY, Governments and CBs, your ultimate friends. One controls you. The other robs you. Sounds a shit deal to me.

PMI manufacturing data in US shows a whisker off contraction. The Germans have already layed the table for other guests soon to arrive. (Trump) the greatest US economy in history.....lol. Electioneering BS

A wee bit of discord within the bank.

Are poor. Data continues to worsen. The Fed increases rates to 2.5% which now puts a brake on consumer spending, as if they weren't tapped out already. In 08 it was 5%. We live in a low rate environment, any increases would blow the lot up as the Fed has found out. Zero to Negative on the cards from here on in. IMHO