The UK housing sector, already best by plunging demand and prices, has been hit with a potential body blow which could tip the economy into a deep recession. Taylor Wimpey, the country’s biggest home owner, has shocked the UK market and observers with the news that it has failed to agree a deal with potential new investors, forcing the stricken house builder to admit on Wednesday that it could breach banking covenants if the housing market does not recover. Coming with the news of poor sales figures for big retailer, Marks & Spencer, the Taylor Wimpey news will undermine investor confidence across the board. The company had been looking for around 500 million pounds ($A1 billion) in new capital from existing big and new shareholders, and had promised to write down the value of its land bank in Britain, Spain and other countries by around 660 million pounds (around $A1.4 billion). The write-down ...

First, I have not done this properly, thank you for the various suggestions left toward the farmland project I have been working on. I have not really thanked you all properly.This is has been a peculiarly busy week, not trading but with every other aspect of my life, so just a few stray items to chew on today.Here is a link to a lengthy speech by Dennis Gartman. Despite how long it is it does read very quickly. One thing he said, which I cannot vouch for but is interesting if correct "In the last 30 centuries, China has been the dominant economy in the world for 28 of them. It’s just a return to the mean as China now becomes the dominant demand-oriented society in the world." I don't doubt the general idea I just don't know about 28 out of 30....