British GDP downtrend confirms slow and steady stealth depression – it is time to dump sterling and buy the euro
Sam Adelton
Jul. 25, 2009

The British economy is in deep doldrums in spite of the presence of the stimulus money in tons from all corners. The monthly index of services showed a decline by 0.6 per cent in May compared to the previous month and by 1 per cent and in the three months since April, 2009.

The British economy is contracting at slower pace than earlier this year, howver, the decline is far sharper than the average 0.35 per cent forecast by economists. The GDP decline is acccelerating again.

Since the second war, the economy has not seen such deep downtrend. The signs are ominus. The economy is iin deep decline signalling slow and staedy stealth depression.

After a after a 2.4 per cent decline in the first quarter, the economy contracted by 0.8% in the second quarter. What is the net effect on the pound sterling? It is in a deep down trend says some analysts. It si time to go long the euro and short the sterling.

British GDP downtrend confirms slow and steady stealth depression – it is time to dump sterling and buy the euro
Sam Adelton
What is the net effect on the pound sterling? It is in a deep down trend says some analysts. It si time to go long the euro and short the sterling.
READ MORE>>

4,000 lobyists and more than $12 billion dollars floating in Washington to stop Obama’s healthcare bill – conservative Democrats rallying for special interests along with the Republicans
Tania Solanki
The conservative Democrats are rallying for special interests along with the Republicans. It is a shame. But that is American democracy – money has a much larger say than votes of common people who are not the richest!
READ MORE>>

Data show German economic recovery faster than US, UK, and Japan – Buy Euro sell the Dollar, Pound, and Yen
Peter Oberois
German GDP expansion in the coming quarters will far exceed that of contracting GDPs of Japan, UK, and US. What does that sound for Euro, Yen, Sterling and Dollar?
READ MORE>>

After hours Microsoft slump by 7% Dow reversal imminent – bear market alive and well
Sam Adelton
According to economic think tanks, the bear market is alive and well. The reflex bear rally is finally coming to an end as August-September nears. The Dow can crash in September-October time frame.
READ MORE>>

US Depression intensifies - Bank of America Corp., the biggest U.S. lender, faces a 10 percent jump in uncollectible loans to $7.6 billion
Sanla Pau Louiski
Bank of America received $45 billion in U.S. rescue funds plus a U.S. guarantee of $118 billion in assets. But it may not be sufficient to continue the staggering losses for another year.
READ MORE>>

U.S. service industries from retailers to homebuilders contracted last month at the slowest pace last month
Peter Oberois
The trend is encouraging but the problem is that it is typical of bear markets and secular longterm economic depressions.
READ MORE>>

Chinese economic boom is headed for gloom because it is now based on gains from property and stocks lacking domestic consumer growth
Sam Adelton
China has failed to promote domestic consumption to make up for weak global demand. China has failed to boost domestic consumption by increasing household income and not just through gains from property and stocks.
READ MORE>>

MORE ARTICLES >>