Not only are Asian markets hit hard by monetary tightening.
By Daniel at 20 January, 2010, 9:41 am
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In UK latest figures suggest tightening in UK, as inflation soars, UK Bank chief warns of cuts in spending and immediate risk of inflation. This could all have an effect on global market bubbles, as quantitative easing has to be removed as sovereign debts reach beyond limits.
UK Bank of England chief renews UK deficit warning and states spending must be cut, also that he now sees inflation as an immediate threat:
http://news.bbc.co.uk/1/hi/uk/8469373.stm
UK headline inflation soars to 2.9%, the biggest monthly increase on record:
http://news.bbc.co.uk/1/hi/business/8467305.stm
UK homes now least affordable for more than 50 years:
http://news.bbc.co.uk/1/hi/business/8468605.stm
UK’s biggest electrical retailer releases its sales for November and December and sees sales drop by 3.9% :
http://news.bbc.co.uk/1/hi/business/8469489.stm
UK credit card spending bad debts soar:
http://news.bbc.co.uk/1/hi/business/8467161.stm
UK official unemployment figures, when looked through rose coloured spectacles, mask a reality, ie seasonal work enabled headline total unemployment to fall by 7000 at the same time as the proportion in low paid part time work rising to a new record, with lower full time jobs, with a large proportion of part time workers only working part time because they were unable to find full time jobs, also the number of people unemployed and not looking for work, therefore not included in the unemployed figures anymore, increased to the highest number since August 2007:
http://news.bbc.co.uk/1/hi/business/8469648.stm
Cadbury says job cuts inevitable:
http://news.bbc.co.uk/1/hi/business/8468540.stm
Citi Group reports losses worse than expected:
http://news.bbc.co.uk/1/hi/business/8467656.stm
The consumer is “deleveraging”, businesses aren’t spending.
If the govt. doesn’t spend, where does the cash flow come from that makes an economy function?
- LearnFromMistakes
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