The UK stockmarket at the time of writing is flat for the year, masking several significant positive...
The UK stockmarket at the time of writing is flat for the year, masking several significant positive and negative trends. On the negative side, global GDP growth expectations are falling due to significant weakness in the US and UK consumer economies. This weakness is the result of high levels of consumer borrowing combined with a crisis in the banking system. The need to rebuild the savings ratio in the US and UK economies means that weakness in the consumer is likely to be protracted, even if interest rates in both countries are reduced. To balance this there is significant growth in th...
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