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16 January 2016, 12:23,
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
Baltic Dry Index ......now DOWN to (373)
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16 January 2016, 12:32,
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Sunna
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
when osbourne chips in with the british economy is not going to grow as he told us only in oct 15 something must be on the cards.
not teotwawki more like more cuts less wage rises , more unemployment.
Survive the jive (youtube )
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16 January 2016, 13:43,
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NorthernRaider
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
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16 January 2016, 22:19,
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River Song
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
re closing of shops like walmart and macys
The reason given is the growth of 'online' but I'm not totally convinced of that little
excuse
wait till Iran starts shipping oil within the next few weeks and we get a $20
or lower per barrell.
Time to check the preps
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17 January 2016, 10:37,
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bigpaul
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
I don't see what Walmart and Macy's has to do with the UK and UK prepping.
Some people that prefer to be alone arent anti-social they just have no time for drama, stupidity and false people.
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17 January 2016, 11:14,
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NorthernRaider
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
RS I wonder what the impact on most economies will be with oil under 20$ I think it will be a double edged sword. I dont know if it will counter the economic downturn coming out of the US, Russia and China.
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17 January 2016, 13:00,
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Sunna
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
c4 news a few days ago , not some never herd of bloke talking doom n gloom.
https://www.youtube.com/watch?v=1S1PyshesUs
Survive the jive (youtube )
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17 January 2016, 13:41,
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River Song
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
BP - This is only indicative that when Big brands close down, then 'something is up'
NR - I think you are right. A double edged sword. This will hit Russia hard as they depend on oil revenues. As and when Iran starts hitting the market with it's oil, India is likely to be its target (India is a huge user of oil).
China is collapsing slowly around us and this is reflected in the Baltic Dry Index. Its staggering how much tonnage goes to China that has slowed to a trickle.
If the Chinese stock market starts falling again on Monday, then its time to get edgy. The US markets are closed on Monday as its Martin Luther King day so there's a day of respite there.
I'm not quite there yet and I have some personal difficulties because on a few weeks time, Im moving to another part of the country. But I am considering a three to six month lockdown. Everybody is talking about a 2008 situation again possibly worse.
Hang on to your hats
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17 January 2016, 13:42,
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River Song
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
Sunna - That was a good report on a mainstream channel. I'm seriously suprised that Robert Peston hasn't come out yet.
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17 January 2016, 14:38,
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NorthernRaider
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RE: Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
I'm more interested / focused on the EUs suggestion that it wants to (A) Add a tax to our petrol bills (B) raid our savings in a one off hair cut to help fund the care of the millions of peace loving, tolerant, inclusive masses of migrants pouring into europe
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Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
