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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (30590)	5/23/2005 8:55:47 AM
From: maceng2	Respond to of 116555

Some excellent further links at the housepricecrash link. Read the one by Roger Bootle some other links on Bootle. sfb.co.uk news.bbc.co.uk deloitte.com /edit here is the link to the .pdf file. Read page 9. The last paragraph. The good news - rates headed back down to 3.5% deloitte.com

To: maceng2 who wrote (30590)	5/23/2005 2:05:36 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

UK's Brown says economic growth remains on target Sunday, May 22, 2005 4:54:31 PM afxpress.com UK's Brown says economic growth remains on target LONDON (AFX) - Chancellor of the Exchequer Gordon Brown said British economic growth remains on track for his 2005 target of 3.0-3.5 pct, outperforming many of its euro zone rivals "People have been moving towards our forecast," Brown told BBC television, in reference to his government's annual economic growth target of 3.0-3.5 pct. It stood at 3.1 pct in 2004 "If you look at what has happened in the last week alone, inflation has come in lower than target, employment is seen to be rising again (and) retail sales were higher than people expected." he said "I do believe that we are seeing the benefits of stability in the British economy making it possible for Britain to continue to grow -- even though we have got a recession in Italy, we have got low growth in Germany (and) we have got a downturn in France "And I think people will see that Britain and North America will be the two fastest growing economies this year of the G7 industrial countries," Brown added However, analysts expect the coming week to reveal a downgrade to the UK's first quarter GDP data, reflecting ths sorry state of affairs in the manufacturing sector The preliminary estimate put first quarter growth at 0.6 pct from the previous three month period and 2.8 pct from a year earlier. Analysts widely predict these figures will be shaved to show growths of 0.5 pct and 2.7 pct respectively