Boeing Share Discussion Threads

[whiterussians] 27/10/2008 10:05

great post no. 157

[gsands] 27/10/2008 09:14

The money markets know that interest rates will tank, eventually:

[gsands] 27/10/2008 08:58

The market message could not be more clear. Unless something changes, we are heading towards a deflationary depression:

[gsands] 27/10/2008 08:57

The 'spivs and speculators' spike that duped the MPC into crashing the economy with excess interest rates:

[westcoastrich] 27/10/2008 08:44

hope they do the 1% cut right away, today at 10am would be nice. :-)

Its not gonna be enuf tho

[westcoastrich] 26/10/2008 10:21

there is a bank meeting going on as we speak, a rate cut will be announced tomorrow i feel

i didnt know that =

Carmakers are already feeling the chill in the face of slumping global demand.

In a horrendous week for the auto sector, Renault and Peugeot-Citroen issued profit warnings and Nissan said it would cut production and move to a three-day week in the run-up to Christmas.

In a sign that the repercussions of the credit crisis were spreading beyond the developed world, Volvo said orders of its heavy trucks had fallen from 42,000 in the third quarter last year to just 115 in the same period in 2008.

[westcoastrich] 26/10/2008 09:53

THE UK IS BUST
HOW LONG BEFORE IT GOES TO THE IMF TO GET BAILED OUT?

[moob] 25/10/2008 15:44

'Worst financial crisis in human history': Bank boss's warning as pound suffers biggest fall for 37 years By Sam Fleming

Sterling took a hammering as economic figures showed the UK approaching full-blown recession.

Bank of England deputy governor Charlie Bean warned that the pain is just beginning, calling the situation the 'largest financial crisis of its kind in human history'.

[moob] 25/10/2008 10:16

Danny Gabay of Fathom Consulting said: "We are facing all the worst elements of the previous three recessions: we have an oil shock like the 1970s; a housing bust like the 1990s; and a sterling fall similar to many classic British deficit crises. The Bank of England will have to cut interest rates to 2 per cent or risk the recession becoming not just very long but very deep."

[moob] 25/10/2008 10:16

Britain's economy contracted by 0.5 per cent in the third quarter of the year, bringing to an end the longest period of unbroken economic growth in UK history. The fall was more than twice as much as expected, and prompted experts across the City to warn that the UK is now almost certainly heading for a 1990s-style recession, with soaring unemployment, widespread negative equity, falling house prices and slumping profits.

The recession may last for double the length of that slowdown, they added, since Britain was, in effect, facing "three recessions in one".

On a day which saw panic return to financial markets around the world:

The pound plummeted to its lowest level since 1996 as investors pulled billions of pounds out of the UK. At one point in the day sterling was down almost 10 cents against the dollar at $1.5270 - its biggest fall in 37 years - though it later closed at $1.5837. The pound has lost a quarter of its value against the dollar over the past year - the biggest devaluation in recent history.
Shares in London dropped by 5 per cent, with the benchmark FTSE 100 falling to 3883.4 points, losing £48.9 billion of its value.
Charlie Bean, deputy governor of the Bank of England, said the UK was facing a "once in a lifetime crisis and possibly the largest financial crisis of its kind in human history", and added that "in terms of impact on the real economy we are still in [the] early days".
Chancellor Alistair Darling acknowledged for the first time that Britain is heading towards recession, and is facing "a credit crunch that is probably the worst since the 1930s". He said: "It will be a difficult period, but I am absolutely confident we will get through it."
The Bank of England came under pressure to cut interest rates by as much as a full percentage point to 3.5 per cent at its meeting early next month.
Leading Labour MP and Treasury Select Committee Chairman John McFall urged the Government to cut taxes to lessen the pain of the slump.

[moob] 24/10/2008 22:38

Loony broon needs to walk the plank

[gsands] 24/10/2008 11:44

The Bank of England seem to have a pathetic misunderstanding of the graveness of the situation.

The fact that King has tip-toed out to mutter something about the UK heading into a recession has (IMO) resulted in yet more fear in the market because it has become obvious how out of touch with reality he and the MPC are.

What he should be talking/worrying about now is whether or not the UK economy is plummeting towards a deflationary depression.

A very hard recession is now a given and has been for months.

Rates need to be slashed and immediately.

[fox tail] 24/10/2008 08:24

we didn't vote them in in the first place.

[moob] 24/10/2008 08:15

"king and brown cede were in recession"
Umm, what you gonna do about it? "naff all"


can someone start a petition to vote these losers out

[moob] 23/10/2008 19:26

next boe meet in 2 weeks i think though may need an emergency 1% cut before that


Need Gordon/King?Darling to be decisive instead of dithering as the country goes into the toilet

[westcoastrich] 23/10/2008 09:18

rate cut today imho

[moob] 22/10/2008 23:32

Factory gloom 'worst since 1980'

The slowdown is spreading to other parts of the economy says the CBI
Falling demand for UK-made goods and a drop in output has caused the sharpest single-quarter fall in manufacturing confidence in 28 years, a survey says.

[moob] 22/10/2008 21:52

The Bank of England has also been criticised for being too slow to cut interest rates in response to the UK's worsening economic situation.

Sushil Wadhwani, a former member of the Bank of England's monetary policy committee, told the BBC: "The committee has been too slow to acknowledge the risks of a recession and they have fallen behind the curve.

"The consequence of their relative inactivity so far is that the recession is likely to be deeper and more prolonged than was necessary."

[moob] 22/10/2008 21:51

Britain's economic downturn is likely to cause a recession, Prime Minister Gordon Brown has warned.





Is he blind, we could have told him !

[moob] 22/10/2008 21:03

how much hardship does the UK government want the public to endure?

[whiterussians] 22/10/2008 16:08

this is gouing to lead to civil unrest