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TOPIC: Global Markets Drop
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Global Markets Drop 4 Years, 1 Month ago
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Biggest world wide devaluation in almost 30 years, today.
Coranavirus panic, international travel avoidance and oil price devastation.
Global recession predicted, from numerous sources.
With the LSE down close to 10% - it seems the world may just have more than health problems.
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Re:Global Markets Drop 4 Years, 1 Month ago
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'Utter carnage' - in the 3 US stock indices.
Markets closed for a while - worst since 2008!
All of us are poorer today than yesterday.
Just like our government.
Brexit negotiations won't be helped either.
The economic uncertainty seen today, is ominous...
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Re:Global Markets Drop 4 Years, 1 Month ago
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Just a few examples.
FTSE 100 - down 8%.
Lloyds and Barclays - both down 9%.
Not caused by the media, but uncertainty.
About our ability to contain Coranavirus.
In addition to migration, poverty - and chronic oil dependence....
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Re:Global Markets Drop 4 Years, 1 Month ago
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UK Long Term Government Bond Yield - is now 0%.
So, for the first time, HMG can now borrow for nothing.
Not seen before - not since modern financial systems were introduced.
Over 200 years ago.
Base rate reduction seems highly likely.
In these uncharted waters...
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Re:Global Markets Drop 4 Years, 1 Month ago
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Both - JK & w - are probably right
However, do either of you disagree with any of the facts - I've mentioned
If you dispute them...fine
Or no - it's all about the world going mad
Democracy doesn't work; Coranavirus is 'flu
'The media made up the deaths'
Although international agencies verified them
Perhaps the media runs the world...
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Re:Global Markets Drop 4 Years, 1 Month ago
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You make no new/different points or facts (acknowledged events/occurrences).
And are unable to dispute the ones I have recorded, not made up.
Please make logical argument - 'devil in the detail' - means little. One example - does democracy work?
Or is the devil around to mask your broad unspecifty...
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Re:Global Markets Drop 4 Years, 1 Month ago
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the Stock Market is a gambler's paradise.
It only works because stocks go up and down.
the Big Mistake here is the lunacy of a "Free Market" and unbridled Capitalism ( although it's really Corporatism now and a perversion of Capitalism which needs controls as strict as Communism or Socialism to succeed..being a completely artificial construct).
Neo-Liberalism is more dangerous than a Corona Virus but combined together which is what we are now seeing, it's deadly. (and let's not even mention the Elephant in The Room : Climate Change)
# It's the End of Civilization as we know it
# The End Times are upon us and we're all Going to Hell in a (plastic polluting) Handbasket (this could take another 100 years of course)
# It's a Good Time to be Old (while looking far younger)
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Re:Global Markets Drop 4 Years, 1 Month ago
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Barney wrote:
UK Long Term Government Bond Yield - is now 0%.
So, for the first time, HMG can now borrow for nothing.
Not seen before - not since modern financial systems were introduced.
Over 200 years ago.
Base rate reduction seems highly likely.
Yesterday, HMG paid 0.08% for £2.25 billion in 10 year bonds - borrowing for less than nothing, taking inflation into account.
Unprecedented.
And due to the anticipated easing of governments and central banks, to allay the uncertainties and problems of Coranavirus.
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Re:Global Markets Drop 4 Years, 1 Month ago
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Thanks for your three posts.
Could your next, quote some examples of 'media manufacturerd panic'...
And is my post about a large section of Italy being closed also disingenuous or misleading.
Perhaps media driven?
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