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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (36707)	7/22/2005 6:24:05 PM
From: regli	Read Replies (1) \| Respond to of 110194

I believe that it is a developing story as from my perspective the U.K. is about 6 to 9 months ahead of U.S. developments. Clearly consumer spending is hitting the skids though June looked better. Growth has slowed to a 12 year low, RE appreciating has just about stopped. In the face of all this the BoE is quite likely to lower rates at their next meeting. UK growth at 12-year low guardian.co.uk bloomberg.com UK retail sales fall accelerates UK retail sales recorded their biggest year-on-year fall in 22 years during June, according to a CBI report. news.bbc.co.uk 'Summer sale' of houses as sellers cut prices money.guardian.co.uk BoE splits 5-4 on rates today.reuters.co.uk