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Start of the "double dip"

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Old Feb 5, 2010 | 04:37 AM
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Default Start of the "double dip"

with the european shares taking a beating and some economies growths not as high as expected, is this the start of the "double dip" they are all worried about???

I imagine the extra taxation, ending of government stimulus packages etc isnt helping either!

Call me cynical, but i reckon the way things are going a double dip is quite possible. Just think of all the extra job losses, industrial action, retail spending not as good etc, is just making things worse as confidence is low.

What you reckon??
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Old Feb 5, 2010 | 05:19 AM
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WTF????? Its half five in the morning(well 6.15 now), What do you think your doing posting that at this time ? My brain craves coffee an toast and something easy to read. Then I see a post about a sherbet sweet I had as a kid and thought that'll do, and you give my brain spasms trying to read this !

Thanks
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Old Feb 5, 2010 | 05:23 AM
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all i'm worried about is the 11 hours of overtime oweing to me

then i'll consider double dipping as something other than what the likes of jonnyb and mrs jonny b get up to
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Old Feb 5, 2010 | 05:36 AM
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The equity sell off is heavily influenced by the fears on Greece. Spanish Market took a hit yesterday as a result, even on the back of good m&a news.

Certainly would appear to be a big downturn across the board.
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Old Feb 5, 2010 | 08:22 AM
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Originally Posted by RichardPON
The equity sell off is heavily influenced by the fears on Greece. Spanish Market took a hit yesterday as a result, even on the back of good m&a news.

Certainly would appear to be a big downturn across the board.
So whats the advice for joe public and his shares? Sell up quick or hold fast?
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Old Feb 5, 2010 | 09:15 AM
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Mate, if I knew that for certain, I wouldn't be sitting here now!

Needless to say, my own positions are getting spanked at the moment....
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Old Feb 5, 2010 | 09:53 AM
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Good morning oh happy days... !!!
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Old Feb 5, 2010 | 12:10 PM
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well over here in OZ the company i work for is booming at the moment and we import and convert yank motors, we seem to have missed the major down turn here wich is nice. the only downer is the exchange rate to the pound ???? i don't get how strong the pound is to the dolla at the moment yet the yankie dolla is down to the aussie dolla makeing importing from the usa cheap as chips.
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Old Feb 5, 2010 | 01:26 PM
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Originally Posted by RichardPON
Mate, if I knew that for certain, I wouldn't be sitting here now!

Needless to say, my own positions are getting spanked at the moment....
I wish i knew too

Put some money into shares in December last year - as of this morning i'm over a grand down

Starting to get really twitchy now and there's a part of me thinking "pull out now and 'only' lose a grand" - another part of me thinks "ride it out, they 'might' pick up..."
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Old Feb 5, 2010 | 01:34 PM
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Originally Posted by badnews
well over here in OZ the company i work for is booming at the moment and we import and convert yank motors, we seem to have missed the major down turn here wich is nice. the only downer is the exchange rate to the pound ???? i don't get how strong the pound is to the dolla at the moment yet the yankie dolla is down to the aussie dolla makeing importing from the usa cheap as chips.
Do the financial boffins not say that what ever happens in america then happens in the uk a few years later, and what ever happens in the uk tends to happen in australia a few years later? As a knock on effect sort of thing, seemed to happen when america went to shite the uk went to shite a year later

Just something i read somewhere?
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Old Feb 5, 2010 | 04:20 PM
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been an interesting couple of hours in the Oil market, thats for certain!
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