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Hello Crazy Folk,
There was a huge rise in the Footsie. Which rather suprised me. Because if you were listening to Radio Four in the morning, you'd have heard in the 'Papers' spot a little story that the economy is in dead lumber.
It said that it was really hard to borrow money from the banks nowaydays which meant that nobody would be spending anything much.
Really! Well people will aways find a way round their pocket books to do a little spending, without the help of bank loans. They can do a bit more overtime, for example. Or get a part time job. Or sell stuff on Ebay.
I don't really think a curb on personal loans will make that much difference. And neither does the City either, by the sound of it. Really the Footsie is not far off its record highs. And every time we get a drop at the moment, it is superceded by a nice rise. And 178 points is a nice rise in anybody's book.
The Dow is also nice and strong - and yet the US economy is said to be on the brink of disaster, much as ours is. I don't fall for this stuff, which is largely the result of reporters ingoring the good news and concentrating on what people who don't do shares really want to hear - that share shifters are heading for disaster.
We may be. I don't tell fortunes. I just doubt it, that's all. And so far, the numbers have done nothing to show we're heading for a big crash. After all, India, China and other parts of the world are seeing big growth, it will shore up our economy, I think. Let's hope so - because the run up to Christmas is usually a good one for share monkeys like us - and we want it to be that way again. Rocking on!
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