redback report, week ended 27/1/2012, page-3

Their oil fields are in rapid decline and I believe they have now become a net oil importer. Soon the world banking system will be downscaled and another major income source will be reduced for the UK.

They made no provisions for the future and just used up the oil/gas wealth to placate special interest groups.

Those recent riots may be seen more often and could get a lot worse. There were predictions about this happening many years ago.

What is interesting about the companies listed on the FTSE100 is that most of their income is derived from overseas and they do not reflect the health of the UK economy.

No doubt James Bond is still working his magic and reporting to the Minister (now Judith Dench) that he has once again overcome those very stupid foreigner that dare to challenge the might of Britannia.

More up next week for the market, especially as frustrated fence sitters hop on board the steamroller going uphill, so long as the US quarterly reports stay OK. The stealth bullmarket to continue steadily until there is no more good news to come, possibly in March.

loki