Ford sales rise about 7% in January, GM down 7%

Ford sales rise about 7% in January, GM down 7%

Ford and GM are no longer announcing monthly sales but Bloomberg sources say Ford was up about 7% and GM down about 7%. Earlier Volkswagen was reported down 6.7% so the consumer is looking a tad soft to start the...
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Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion

Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion

NAO report reveals cost of removing hundreds of North Sea wells, rigs and pipelines British taxpayers face a £24 Billion bill for tax relief awarded to oil and gas companies removing hundreds of North Sea wells, rigs and pipelines, the...
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U.K.: Housing market outlook worst ‘for 20 years’

U.K.: Housing market outlook worst ‘for 20 years’

The housing market outlook over the next 3 months is the worst for 20 years, surveyors say. A net balance of 28% of Royal Institution of Chartered Surveyors (RICS) members expect sales to fall in the next 3 months. It’s...
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Collapse Of Global M1 Supply Signals A Big Headache

Collapse Of Global M1 Supply Signals A Big Headache

  Every time M1 growth has dipped negative – as central bank liquidity injection either slowed or went into reverse – there has been a financial crisis. Milton Friedman was well aware of the consequences of the decline of M1,...
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