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rp : ) User ID: 36299717 United Kingdom 05/05/2016 06:41 AM Report Abusive Post Report Copyright Violation | [link to www.bbc.co.uk] "..UK economic growth is "near stalling", partly due to uncertainty over the EU referendum [yeh sure]... ..UK's services sector grew at its slowest pace in three years..." |
Anonymous Coward User ID: 72157259 Belgium 05/05/2016 07:24 AM Report Abusive Post Report Copyright Violation | "uk economy 'near stalling' as service sector slows" Quoting: rp : ) 36299717 [link to www.bbc.co.uk] "..UK economic growth is "near stalling", partly due to uncertainty over the EU referendum [yeh sure]... ..UK's services sector grew at its slowest pace in three years..." Are you saying you think Brexit is a done deal? |
Anonymous Coward User ID: 36299717 United Kingdom 05/05/2016 08:05 AM Report Abusive Post Report Copyright Violation | "uk economy 'near stalling' as service sector slows" Quoting: rp : ) 36299717 [link to www.bbc.co.uk] "..UK economic growth is "near stalling", partly due to uncertainty over the EU referendum [yeh sure]... ..UK's services sector grew at its slowest pace in three years..." Are you saying you think Brexit is a done deal? nah -just another sign of seizing economy flooded with debt imo |
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Evil Auntie User ID: 72157045 Germany 05/05/2016 11:14 AM Report Abusive Post Report Copyright Violation | Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing Quoting: joinca We continue to get more evidence that the U.S. economy has entered a major downturn. Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last financial crisis. Well, now we are getting some very depressing numbers from the rail industry. As you will see below, U.S. rail traffic was down more than 11 percent from a year ago in April. That is an absolutely catastrophic number, and the U.S. rail industry is feeling an enormous amount of pain right now. This also tells us that “the real economy” is really slowing down, because less stuff is being shipped by rail all over the nation. One of the economic commentators that I have really come to respect is Wolf Richter of WolfStreet.com. He has a really sharp eye for what is really going on in the economy and in the financial world, and I find myself quoting him more and more as time goes by. If you have not checked out his site yet, I very much encourage you to do so. On Wednesday, he posted a very alarming article about what is happening to our rail industry. The kinds of numbers that we have been seeing recently are the kinds of numbers that we would expect if an economic depression was starting. The following is an excerpt from that article… Total US rail traffic in April plunged 11.8% from a year ago, the Association of American Railroads reported today. Carloads of bulk commodities such as coal, oil, grains, and chemicals plummeted 16.1% to 944,339 units. The coal industry is in a horrible condition and cannot compete with US natural gas at current prices. Coal-fired power plants are being retired. Demand for steam coal is plunging. Major US coal miners – even the largest one – are now bankrupt. So in April, carloads of coal plummeted 40% from the already beaten-down levels a year ago. The full article with photo is here: [link to www.dcclothesline.com] :mcook: |
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Mr. Cynic User ID: 67244533 United States 05/06/2016 11:00 AM Report Abusive Post Report Copyright Violation | US rail freight, Total Carloads & Intermodal at its lowest in years. (coal freight is practically dead) [link to www.aar.org (secure)] Looking weak, weak, weak. Above all things avoid cowardice for it makes men liars. ~ C.H. Spurgeon |
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Anonymous Coward User ID: 72166754 United Kingdom 05/06/2016 09:03 PM Report Abusive Post Report Copyright Violation | zerohedge ‏@zerohedge 10m10 minutes ago Quoting: Luisport Zimbabwe To Print Its Own US Dollars Amid Severe Cash Shortage reply quuotes- Holly Yandall ‏@HollyYandall 3h3 hours ago I have a severe cash shortage... SurfSam ‏@SurfSam77 3h3 hours ago I've got a fiver with your name on it 😀 zh- Theosebes Goodfellow So let me get this straight. A bankrupt country, with a currency that is worth nothing more than asswipe, is floating a new currency, based on the bankrupt currency of another bankrupt country, which has politicians more corrupt than their own. Do I have that right? Oh, and the currency they are using to back it is actually nothing more than debt. Perfect. (now thats plain taking the ball away, -not playing! its silly!) |
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