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Yes, I've seen this a few weeks ago, they seem set for a meltdown like we haven't seen in ages. Hope you have an open return (escape ?) ticket Mig, 'cos Sarko will wall off the chunnel when the refugees start milling.

I'm not sure why the BoE raised the rates so steeply. Is it to fend off imported inflation, pumping the Sterling in the face of the foreign account deficit that is developing with the North Sea cliff ? They had to know that'd prick the bubble

Pierre

by Pierre on Mon Jul 9th, 2007 at 05:20:30 PM EST
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Apparently the UK bond yield curve has been inverted for at least 3 years, but the slope keeps getting steeper.

Can the last politician to go out the revolving door please turn the lights off?
by Migeru (migeru at eurotrib dot com) on Mon Jul 9th, 2007 at 05:22:26 PM EST
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