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BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO

 
2012Portal
2012Portal - The Mayan Calendar

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08/08/2012 06:47 AM

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BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
LONDON (MarketWatch) — The Bank of England has cut its forecasts for growth and inflation in the U.K. economy
full:

[link to www.marketwatch.com]
Mayan Calendar and 2012-
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Anonymous Coward
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United Kingdom
08/08/2012 07:14 AM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
But they won some gold medals so it doesn't matter.
2012Portal (OP)
2012Portal - The Mayan Calendar

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08/08/2012 07:18 AM

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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
But they won some gold medals so it doesn't matter.
 Quoting: Anonymous Coward 21476128


Indeed, Great Britain, not to be confused with England or even the broader UK, is doing great on the medal front. Smart time to announce such somber news.
Mayan Calendar and 2012-
From the love of power to the power of Love -
[link to 2012portal.myfeedportal.com]
Anonymous Coward
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08/08/2012 05:45 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
This is because they can't risk another interest rate cut without breaking the building societies.

TBH from a netural stand point I'd say this isn't a bad thing.
Anonymous Coward
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08/08/2012 05:53 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
and bank of france also stated that the country is headed toward recession... germany won't be exporting much goods in order to continue to afford bailing-out their friends.
JayJ

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08/08/2012 06:40 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
No real surprise here. that's what they always do. Release insanely over inflated and positive GDP numbers, only to come out later on with some revised reduction in numbers. Happens in almost every country lol.
Anonymous Coward
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08/08/2012 06:49 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
It's a useful lever to try and topple the coalition with. Journalists are going to want to flex their egos after the olympics, sport has dominated the news cycle for almost a month, they are bored and without face time. Never a good mix.
Anonymous Coward
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08/08/2012 06:53 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
gives
Marxist

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08/08/2012 07:40 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
This is because they can't risk another interest rate cut without breaking the building societies.

TBH from a netural stand point I'd say this isn't a bad thing.
 Quoting: Anonymous Coward 21564246


This is very bad. Core goods such as food and fuel are inflating whilst they import non-core deflation from a stagnant China. China is the globalist capitalists (including British investors) source of growth and profit. There is only one way this will go and that is stagflation. You can't use interest rates on core inflation. Food is a fixed overhead as is energy (heating especially).

This is what happens when you create an economy of excessive capacity. It consumes itself from within.
Workers of the World, Unite. You have nothing to lose but your chains!
Anonymous Coward
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08/08/2012 09:38 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
Must be all lies, because the Stock Market is waaaaay up!
FatalW1shes

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08/08/2012 10:11 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
Must be all lies, because the Stock Market is waaaaay up!
 Quoting: Anonymous Coward 20898744



And this news means we will go up tomorrow as well.
JayJ

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Canada
08/08/2012 10:12 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
We all know the stock market is rigged and run by computer. And also likely run by some of the trillions of dollars that constantly go missing.
Anonymous Coward
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08/08/2012 10:46 PM
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Re: BOE - Bank of England --- BREAKING --- GDP growth for 2012 cut to effectively ZERO
if the GDP growth is zero, why would you get up tomorrow morning and go to work?

unless you're a farmer, bearing in mind that if growing food, the growth is never zero

sheeple is as sheeple does i suppose

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