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Osbourne's action will have nowt to do with it - good, bad or otherwise. Just as in the last 'dip' it will be where the world's economy takes us. Brown's budgetting left us with the big deficit, but you can't exactly pin a world-wide recession on him.


The only way is to do what Australia did - get as close to China as possible, economically. And that was accidental, rather than planned.

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HAL9000 Wrote:

-------------------------------------------------------

> Spot Gold has just hit US$1,364.55 per Troy ounce

> - an all time high. That's got to be telling us

> something bad is coming our way on the inflation,

> interest rate and foreign exchange fronts.


Good news for those companies that get you to sell them your gold for a pittance though.

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Ireland's already in it. Another property crash .. and yes I think we might.


But ... I remember the 80's and 90's and how bust to boom can be so quick (you think things will never improve, and suddenly bankers are burning money, in pubs, for a laugh).


Lets see what (public services) ollie hammers, as well as the parents, who he enjoyed having a go at so much, he's coming back for more.

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"Posted by: Loz Today, 11:43AM


The only way is to do what Australia did - get as close to China as possible, economically. And that was accidental, rather than planned."


Australia's situaton is different. The country is geographically close to China, and is a large exporter of the commodities that China needs. Britain cant all of a sudden shift east or exporting large quantities of Iron Ore.


Its like Sydney can never be London. London is an English speaking country in the right time zone to trade the financial markets in Europe, the US and far East. London will be back: you cant kill the City.


The press are doing a good job of talking us into a double dip.

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