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UK Stock Market Tumbles Into 10% 'Correction' - Gone Nowhere Since Feb 2013
Just as The BoE starts to hint at raising rates sometimes, maybe, possibly, never... The FTSE 100 tumbles into yet another correction - down 10% from its record highs set shortly after Draghi unleashed Q€. At current levels, the UK stock market has seen no appreciation since Feb 2013...
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Stagflation bitchez.
Dow below 17,000 should cause some panic.
Still waiting for 15000...
According to the history of the debt ceiling in the us...feb 2013 is the marked default date.
Maybe fed no buy cause have bigger fish chips to fry?
RIPS
Time for a new QE?
When is it not?
Thank god there are no problems in EU land.....
qool aid
kuantitative easing
But their housing has tripled...and berka sales are thru the roof...
The country is jam packed full of berks.
Is that before or after taxes, fees, inflation, and margin financing costs?
don't worry about hsbc's gulliver. he got plenty.
look at GBRs foriegn flipping debt. that ship can't float...much longer
The UK is a second rate US in so many ways; its loaded with debt, its lost its industry, the natives believe nail polishing and coffee making are the basis of a sound economy. Its government is blowing education loan bubbles that are going to destroy whats left of its consumption based economy.
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Here in Colombia the peso is dropping every day...at some point its going to smack this country in the face....they love dollars here....but they are getting very expensive.....so far TPTB is saying everything is OK,,,,but I think below the current things are getting pretty bad....I believe in 6 months we will know the truth...
Or Dec 1st, 2014.
But Feb 2013 sounds much scarier.