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    I am really not clear on that howard. It is very easy for him to say what he did but to be frank we need more than just theorising.

    The markets today settled down after a bumpy start and ended the day on an up, the FTSE100 rose by over 80 points.

    The problems are not over but perhaps traders sat back and realised that they had overeacted. We will see what happens tomorrow when the Monetary Policy Committee, who have been meeting today, will announce what is to happen to interest rates. A reduction is likely before Christmas but I am not sure it will be tomorrow, the market needs it but that alone is not enough.

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