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A slow recovery is taking place
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by Babel-Fish | June 4, 2009 at 07:59 am
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I have notice also under estimated currencies such as the British pound, have now settled to what they to their real worth. Of course the world economy takes longer to recover but it will follow suit with the stock market trends. It will take many years though for the unemployment queues to subside as the hype caused more job cuts than the actual problem should have, ever caused.
At the center point of the hype a few British economist has been shocked by the British pound losing so much value against the dollar. Where it was estimate the pound should of been worth US$ 1.61 of which the currency recovery has crossed and today the British pound stood at US$ 1.68 that shows that imports and exports are better balanced.
I can say with some confidence that a recovery is taking place it’s a slow process but the buds are opening. I expect shortly the media will be placing much emphasis as I am as the stock markets look more promising. I welcome some positive hype as that would really help confidence to return and only confident investors can speed up the recover.
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Crowd Power
Babel-Fish
Negros Oriental, Philippines
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djermano
Somewherein, China
Amy Judd
Vancouver, Canada
WisdomMountain
Kuala Lumpur, Federal Territor, Malaysia
Paschen
Narita, Chiba, Japan
Most RecentMost Recommended Comments (5)
at 11:22 on June 4th, 2009
Why do you think the hype caused more job cuts than were necessary?
at 19:24 on June 4th, 2009
Something I wrote many months ago may answer your question.
Source: actionpoint.newsvine.com
Its my opinion that if the US Government had propped up the housing market by securing loans etc, the crash could of been stop in its heels.
Hype changed the whole scene when you have the media harping away as the first domino's fall then big investors back out the stock market followed by the smaller ones and the domino's keep on falling.
Notice the hype has died down but you just wait for the media in September and August working on the new earth shattering story (tongue in cheek) about the recovery, yep the hype will be good for the world stock markets. But it will take about 4 or 5 years till we get that it feels good factor and the unemployment queues are much much more lower.
at 16:18 on June 4th, 2009
The last thing we need is hype Bob.. Right now the British Government is undergoing some heavy changes...as most of Gordon Brown backers are resigning. I hardly call that a sign of confidence...And he can only blame himself for not going after and condemning Tony Bliar...for his war crimes with Bush and Cheney...He can come out to to condemn Tony Bliar..or I guarantee he is toast as PM.
Confidence will not return Bob...until the hacks are locked up. Probably the Stock Market flucuations are from the Banks bailout money being traded back and forth to make it look like movement is happening...but really not. They have nothing to lose....because the next day they trade it back again..... It is called Stock Market baiting.....
Rev. Jermano
at 16:54 on June 4th, 2009
British politics can be a bit strange to our overseas buddies, most resignations are due to ministers being involved in fraudulent allowance claims. Gordon Brown will reshuffle and introduce new blood into his cabinet. The fraud by the way is a cross party problem and not just a problem within the Labour seats.
Of course the opposition parties and the far lefties of his government will have a hay making day. But the problem is if the far left do get a chance at running government as they are down right communist and unionist. The far right will protect Gordon Brown as long as he steps down next year I suspect to give room for a more center political minded guy or woman.
Lets not get confused Gordon Brown was against both wars and Tony Blair's political stance on holding hands with Bush. There is a political party policy in fact a rule within the house of commons that one does not condemn a prior prime minster its deemed to be damn rude and unfair to uses a senor political position to do so.
I do not like Gordon Brown but I have to concede to the fact that he is a good economist but just a fairly good prime minister. But I am more careful about what I wish for. No he will ride over this cabinet problem.
My one wish today is that the British citizens vote for Conservatives to sit in the EU to give the Labor party a bloody nose.
My article is not in reference to the bail out, but to the stock market and currencies recovery. The most of the bail out money has already been used when we look at the stock markets we are begin to see new money being invested and a slow rise in confidence.
at 15:36 on June 7th, 2009
There is a political party policy in fact a rule within the house of commons that one does not condemn a prior prime minster its deemed to be damn rude and unfair to uses a senor political position to do so.
You said it Bob....This little rule seems to be the lack of faith in Government in the West. I really love listening to BBC telling us all the bs troubles and downfall of Zimbabwe and Somalia, and vile about China and other countries as well...but have no clue that their own government is as defunct. Allowing another party to get away with crimes...is a great clue that there is no Justice or Law in the World. And they call that the Free World.. I call it Chaos. Gordon Brown notice the name GB..... and George Bush GB..
Rev. Jermano