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BOC says growth 'front loaded' as if it's a good thing.

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BOC says growth 'front loaded' as if it's a good thing.

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Old Apr 27th 2010, 6:05 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by Alan2005
I can't see the germans letting the euro fail, but I agree that I can't see them bailing out the likes of greece forever. It will be interesting to see how this pans out.
Is this just the beginning?

http://news.bbc.co.uk/2/hi/business/8647441.stm
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Old Apr 27th 2010, 6:26 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by jimf
Blimey, S&P are pretty damning in their outlook for greece.
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Old Apr 27th 2010, 8:29 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by Alan2005
Blimey, S&P are pretty damning in their outlook for greece.
Pretty blunt aren't they - possibly less than evens chance of a lender getting their money back from the Greece government?
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Old Apr 27th 2010, 8:54 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Does anyone have any contigency plans?
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Old Apr 27th 2010, 9:02 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by Lord Vader
Does anyone have any contigency plans?
For what? If you mean Greece going down the toilet - then simply not being there or owning any euros is as far as I've gone.

I'm not yet at the stage where I'm stocking up on canned foods, whisky and cigarettes to use as tradable goods when the financial system collapses around our ears. I'll be doing that next week.
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Old Apr 27th 2010, 9:05 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by Alan2005
For what? If you mean Greece going down the toilet - then simply not being there or owning any euros is as far as I've gone.

I'm not yet at the stage where I'm stocking up on canned foods, whisky and cigarettes to use as tradable goods when the financial system collapses around our ears. I'll be doing that next week.
2012 is less than 2 years away anyway.
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Old Apr 27th 2010, 9:11 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by Lord Vader
2012 is less than 2 years away anyway.
Ah, I sometimes forget you are a cradle. I have to make allowances for your sense of humour.
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Old Apr 27th 2010, 1:25 pm
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by Alan2005
Ah, I sometimes forget you are a cradle. I have to make allowances for your sense of humour.
not meant as humor, just oh ffs, here we go again.
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Old Apr 27th 2010, 5:07 pm
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by Alan2005
My gut reaction is to agree. However I know JonboyE thinks otherwise and he makes a good argument which has me mostly convinced. I think I'll wait and see though, however I do think any negative effects of the HST are going to be dwarfed by the effects of interest rate increases, new mortgage rules and the high dollar stifling exports.
- agree entirely. The perfect storm awaits!!!!
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Old Apr 28th 2010, 5:42 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

There is a good graph at the end of this link.

http://news.bbc.co.uk/2/hi/business/8648029.stm

Greece, Portugal and Spain have all deteriorated significantly in the last month. UK seems okay with Germany the most secure. If Spain is in trouble then there really are problems ahead.
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Old Apr 28th 2010, 9:06 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by jimf
There is a good graph at the end of this link.

http://news.bbc.co.uk/2/hi/business/8648029.stm

Greece, Portugal and Spain have all deteriorated significantly in the last month. UK seems okay with Germany the most secure. If Spain is in trouble then there really are problems ahead.



Nice metaphor from the OECD
It's like ebola, when you realize you have it you have to cut your leg off to survive.
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Old Apr 28th 2010, 12:20 pm
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by jimf
There is a good graph at the end of this link.

http://news.bbc.co.uk/2/hi/business/8648029.stm

Greece, Portugal and Spain have all deteriorated significantly in the last month. UK seems okay with Germany the most secure. If Spain is in trouble then there really are problems ahead.
One Reuters report stated that Germany is considering forming a "Euro Mark" currency zone with the Scandinavian countries. If that happens, then watch the Euro fall. The PIIGS never qualified for EU membership anyway so they have only brought it upon themselves.

Last edited by johnh009; Apr 28th 2010 at 12:23 pm.
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Old Apr 28th 2010, 12:36 pm
  #28  
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by Alan2005
For what? If you mean Greece going down the toilet - then simply not being there or owning any euros is as far as I've gone.
I, on the other hand, am buying euros right now (personal use only, I'm not a speculator). $C1000 gets you a smidgeon over 750 euro today.

Nice.
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Old May 3rd 2010, 5:18 am
  #29  
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by Alan2005
My gut reaction is to agree. However I know JonboyE thinks otherwise and he makes a good argument which has me mostly convinced. I think I'll wait and see though, however I do think any negative effects of the HST are going to be dwarfed by the effects of interest rate increases, new mortgage rules and the high dollar stifling exports.
Not just me ...

http://www.sfu.ca/pamr/media_release...ull-marks.html
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Old May 3rd 2010, 5:28 am
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Default Re: BOC says growth 'front loaded' as if it's a good thing.

Originally Posted by JonboyE
I can see that there will be a one off hit in price rises for the consumer. But hopefully some of those savings for business will trickle down as cheaper prices or investment in future wealth creation, jobs and infrastructure etc (like your link suggests will be the case).
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