19/09/2013 World Business Report


19/09/2013

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the US. Those are the latest

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the US. Those are the latest headlines. Ahead: Financial news.

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Ben Bernanke

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Ben Bernanke bolts

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Ben Bernanke bolts from

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Ben Bernanke bolts from the

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Ben Bernanke bolts from the blues.

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Ben Bernanke bolts from the blues. Stock

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Ben Bernanke bolts from the blues. Stock markets rally

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Ben Bernanke bolts from the blues. Stock markets rally at

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Ben Bernanke bolts from the blues. Federal

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Stock markets rally at the US Federal

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Stock markets rally at the US Federal Reserve keeps

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Stock markets rally at the US Federal Reserve keeps the taps

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Stock markets rally at the US Federal Reserve keeps the taps wide

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Federal Reserve keeps the taps wide open

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Federal Reserve keeps the taps wide open on

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open on a massive stimulus open on

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open on a massive stimulus programme.

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open on a massive stimulus programme. The envy of the

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open on a massive stimulus programme. The envy of the high

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programme. The envy of the high

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programme. The envy of the high sheet. Online fashion

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programme. The envy of the high sheet. Online fashion retailer

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programme. The envy of the high sheet. Online fashion retailer ASOS

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sheet. Online fashion retailer ASOS will

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sheet. Online fashion retailer ASOS will be

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sheet. Online fashion retailer ASOS will be showing off

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sheet. Online fashion retailer ASOS will be showing off some

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sheet. Online fashion retailer ASOS will be showing off some attractive

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will be showing off some attractive figures.

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will be showing off some attractive figures. How will

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will be showing off some attractive figures. How will it

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will be showing off some attractive figures. How will it is

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will be showing off some attractive figures. How will it is avoiding

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will be showing off some attractive figures. How will it is avoiding the

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figures. How will it is avoiding the

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figures. How will it is avoiding the trend. Also, the eurozone crisis

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figures. How will it is avoiding the trend. Also, the eurozone crisis and

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trend. Also, the eurozone crisis and Germany's

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trend. Also, the eurozone crisis and Germany's chancellor.

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trend. Also, the eurozone crisis and Germany's chancellor. We will

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trend. Also, the eurozone crisis and Germany's chancellor. We will have

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Germany's chancellor. We will have

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Germany's chancellor. We will have the latest on

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Germany's chancellor. We will have the latest on a

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Germany's chancellor. We will have the latest on a special series

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Germany's chancellor. We will have the latest on a special series of

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the latest on a special series of reports

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the latest on a special series of reports ahead

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the latest on a special series of reports ahead of the

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reports ahead of the election on Sunday. First, for now,

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reports ahead of the election on Sunday. First, for now, the

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Sunday. First, for now, the TAT stays on. The

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Sunday. First, for now, the TAT stays on. The chair

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Sunday. First, for now, the TAT stays on. The chair of the

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stays on. The chair of the US stays on. The chair of the

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stays on. The chair of the US Federal Reserve and

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stays on. The chair of the US Federal Reserve and an 80

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stays on. The chair of the US Federal Reserve and an 80 took

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stays on. The chair of the US Federal Reserve and an 80 took the

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Federal Reserve and an 80 took the world

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Federal Reserve and an 80 took the world by

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Federal Reserve and an 80 took the world by surprise on Wednesday

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Federal Reserve and an 80 took the They

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world by surprise on Wednesday . They

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world by surprise on Wednesday . They will keep on

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world by surprise on Wednesday . They will keep on flowing the money.

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predict that tapering would start They will keep on flowing the money.

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be gradually cut. The surprise has They will keep on flowing the money.

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be gradually cut. The surprise has had stock markets around the

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had stock markets around the world had stock markets around the

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had stock markets around the world rallying. For many ordinary

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had stock markets around the world Americans, the era of cheap money

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Americans, the era of cheap money has

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message from this man, Ben Bernanke, is that the recovery isn't

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Bernanke, is that the recovery isn't robust

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Bernanke, is that the recovery isn't robust enough.

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Bernanke, is that the recovery isn't robust enough. Not

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Bernanke, is that the recovery isn't robust enough. Not only that, but

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Bernanke, is that the recovery isn't robust enough. Not only that, but US

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robust enough. Not only that, but US interest

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robust enough. Not only that, but US interest groups

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robust enough. Not only that, but US interest groups have started rising.

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interest groups have started rising.

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interest groups have started rising. Rises part

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interest groups have started rising. Rises part of

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interest groups have started rising. Rises part of the

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interest groups have started rising. Rises part of the reason they

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interest groups have started rising. Rises part of the reason they made

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Rises part of the reason they made

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Rises part of the reason they made the decision

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Rises part of the reason they made the decision to continue

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Rises part of the reason they made the decision to continue emergency

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the decision to continue emergency

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the decision to continue emergency support for

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the decision to continue emergency support for the economy. The

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the decision to continue emergency tightening

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the decision to continue emergency tightening of

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the decision to continue emergency tightening of financial

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the decision to continue emergency tightening of financial conditions

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support for the economy. The tightening of financial conditions

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tightening of financial conditions

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tightening of financial conditions is sustained and

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tightening of financial conditions is sustained and could

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tightening of financial conditions is sustained and could slow

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tightening of financial conditions is sustained and could slow the

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tightening of financial conditions is sustained and could slow the pace

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is sustained and could slow the pace

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is sustained and could slow the pace of improvement in the economy

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is sustained and could slow the pace of improvement in the economy in

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is sustained and could slow the pace of improvement in the economy in the

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of improvement in the economy in the labour

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of improvement in the economy in the labour market.

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of improvement in the economy in the labour market. Over the

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of improvement in the economy in the labour market. Over the summer

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labour market. Over the summer

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labour market. Over the summer interest rates in

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labour market. Over the summer interest rates in ——

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labour market. Over the summer interest rates in —— rates began

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labour market. Over the summer interest rates in —— rates began to

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interest rates in —— rates began to

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interest rates in —— rates began to rise. This is

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interest rates in —— rates began to rise. This is all

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interest rates in —— rates began to rise. This is all because

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rise. This is all because Ben rise. This is all because

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rise. This is all because Ben Bernanke said it

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rise. This is all because Ben Bernanke said it he had

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rise. This is all because Ben phasing

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Bernanke said it he had begun phasing

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Bernanke said it he had begun phasing out emergency support.

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Bernanke said it he had begun phasing out emergency support. At

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phasing out emergency support. At first,

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phasing out emergency support. At first, the whining

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phasing out emergency support. At first, the whining was in 1992.

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phasing out emergency support. At first, the whining was in 1992. At

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first, the whining was in 1992. At first,

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first, the whining was in 1992. At first, the US housing

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first, the whining was in 1992. At first, the US housing market was

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first, the US housing market was hit.

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first, the US housing market was hit. This

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first, the US housing market was hit. This was our

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first, the US housing market was hit. This was our first

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first, the US housing market was hit. This was our first summer

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first, the US housing market was hit. This was our first summer in

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first, the US housing market was hit. This was our first summer in a

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hit. This was our first summer in a long

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hit. This was our first summer in a long time

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hit. This was our first summer in a long time that

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hit. This was our first summer in a long time that we were

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hit. This was our first summer in a long time that we were able to

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hit. This was our first summer in a long time that we were able to not

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long time that we were able to not

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long time that we were able to not worry.

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long time that we were able to not worry. They refinance

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long time that we were able to not mortgages

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long time that we were able to not mortgages for

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worry. They refinance their mortgages for

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worry. They refinance their mortgages for Ben Bernanke talk

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mortgages for Ben Bernanke talk

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mortgages for Ben Bernanke talk about tapering. It

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mortgages for Ben Bernanke talk about tapering. It saved

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mortgages for Ben Bernanke talk about tapering. It saved them $300

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mortgages for Ben Bernanke talk about tapering. It saved them $300 a

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about tapering. It saved them $300 a

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about tapering. It saved them $300 a month. Coming

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about tapering. It saved them $300 a month. Coming to the

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about tapering. It saved them $300 a month. Coming to the chance to

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month. Coming to the chance to

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month. Coming to the chance to reduce their debt, the family

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month. Coming to the chance to reduce their debt, the family helped

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reduce their debt, the family helped to

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reduce their debt, the family helped to fuel

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reduce their debt, the family helped to fuel a refinancing

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reduce their debt, the family helped to fuel a refinancing boom.

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reduce their debt, the family helped to fuel a refinancing boom. It

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reduce their debt, the family helped to fuel a refinancing boom. It ran

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to fuel a refinancing boom. It ran

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to fuel a refinancing boom. It ran out of steam

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to fuel a refinancing boom. It ran out of steam when

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to fuel a refinancing boom. It ran out of steam when rates

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to fuel a refinancing boom. It ran out of steam when rates went up.

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to fuel a refinancing boom. It ran out of steam when rates went up. A

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out of steam when rates went up. A

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out of steam when rates went up. A large mortgage

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out of steam when rates went up. A large mortgage lender

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out of steam when rates went up. A large mortgage lender has

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out of steam when rates went up. A large mortgage lender has already

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large mortgage lender has already told

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large mortgage lender has already numbers will likely drop.

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told investors that home loan numbers will likely drop. Others

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numbers will likely drop. Others

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numbers will likely drop. Others have also observed

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have also observed this trend. Reserves have dried

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have also observed this trend. Reserves have dried up

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Reserves have dried up and we are starting to see employment drop

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starting to see employment drop for starting to see employment drop

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some banks and mid—sized correspondent lenders. Good a rise

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correspondent lenders. Good a rise in

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correspondent lenders. Good a rise in mortgage

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correspondent lenders. Good a rise in mortgage rates

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correspondent lenders. Good a rise in mortgage rates have

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correspondent lenders. Good a rise improvement

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recovery? If you have fewer mortgage refinancing is, that's it just that

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refinancing is, that's it just that ——

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refinancing is, that's it just that —— that suggest

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refinancing is, that's it just that —— that suggest that

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refinancing is, that's it just that —— that suggest that they are

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refinancing is, that's it just that spending

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—— that suggest that they are spending

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—— that suggest that they are spending on border

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—— that suggest that they are spending on border arrays of

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spending on border arrays of

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spending on border arrays of services.

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We mentioned the surprise

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We mentioned the surprise decision

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We mentioned the surprise decision from the Federal

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We mentioned the surprise decision from the Federal Reserve

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We mentioned the surprise decision from the Federal Reserve sent the

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from the Federal Reserve sent the

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from the Federal Reserve sent the S&P 500

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from the Federal Reserve sent the S&P 500 market

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from the Federal Reserve sent the S&P 500 market to a

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from the Federal Reserve sent the S&P 500 market to a record close.

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S&P 500 market to a record close. The

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S&P 500 market to a record close. The celebrations continue across

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The celebrations continue across

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The celebrations continue across Asia. Stock

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The celebrations continue across Asia. Stock markets there are doing

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Asia. Stock markets there are doing well.

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Asia. Stock markets there are doing well. Nice

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Asia. Stock markets there are doing well. Nice to

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Asia. Stock markets there are doing well. Nice to see

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Asia. Stock markets there are doing well. Nice to see you. Shares are

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well. Nice to see you. Shares are going

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well. Nice to see you. Shares are going up and some

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well. Nice to see you. Shares are going up and some currencies

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well. Nice to see you. Shares are going up and some currencies are

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going up and some currencies are

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going up and some currencies are getting stronger. Absolutely. These

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getting stronger. Absolutely. These gains

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getting stronger. Absolutely. These gains are

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getting stronger. Absolutely. These gains are contagious.

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getting stronger. Absolutely. These gains are contagious. That is why

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getting stronger. Absolutely. These gains are contagious. That is why we

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gains are contagious. That is why we are

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gains are contagious. That is why we are seeing Asian

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gains are contagious. That is why we are seeing Asian stocks surging

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gains are contagious. That is why we are seeing Asian stocks surging at

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gains are contagious. That is why we this

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are seeing Asian stocks surging at this

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are seeing Asian stocks surging at this hour were,

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are seeing Asian stocks surging at this hour were, not even based

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are seeing Asian stocks surging at this hour were, not even based on

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this hour were, not even based on

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this hour were, not even based on data from Japan shrank

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this hour were, not even based on data from Japan shrank a swelling

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data from Japan shrank a swelling

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data from Japan shrank a swelling trade deficit.

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data from Japan shrank a swelling trade deficit. Let's

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data from Japan shrank a swelling trade deficit. Let's have

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data from Japan shrank a swelling trade deficit. Let's have a

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data from Japan shrank a swelling trade deficit. Let's have a look

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data from Japan shrank a swelling trade deficit. Let's have a look at

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trade deficit. Let's have a look at Australian

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trade deficit. Let's have a look at Australian numbers.

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trade deficit. Let's have a look at Australian numbers. A

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trade deficit. Let's have a look at Australian numbers. A new

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trade deficit. Let's have a look at Australian numbers. A new five—year

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Australian numbers. A new five—year

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trade deficit. Let's have a look at

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Australian numbers. Tokyo is up

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Australian numbers. Tokyo is up more

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than

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Australian numbers. Tokyo is up more than

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Australian numbers. Tokyo is up more than 1%

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Australian numbers. Tokyo is up more than 1% despite

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Australian numbers. Tokyo is up more than 1% despite the

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Australian numbers. Tokyo is up more than 1% despite the strong

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Australian numbers. Tokyo is up more than 1% despite the strong rally

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than 1% despite the strong rally against

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than 1% despite the strong rally against the US

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than 1% despite the strong rally against the US dollar. India is

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than 1% despite the strong rally by

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against the US dollar. India is up by

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against the US dollar. India is up by 2.5%. Few markets

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against the US dollar. India is up by 2.5%. Few markets will have

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against the US dollar. India is up by 2.5%. Few markets will have no

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by 2.5%. Few markets will have no

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by 2.5%. Few markets will have no chance to

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by 2.5%. Few markets will have no chance to react to the

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by 2.5%. Few markets will have no chance to react to the games

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by 2.5%. Few markets will have no chance to react to the games as

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chance to react to the games as South

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chance to react to the games as South Korea and

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chance to react to the games as South Korea and Taiwan

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chance to react to the games as South Korea and Taiwan are close

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chance to react to the games as South Korea and Taiwan are close to

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South Korea and Taiwan are close to Daegu

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South Korea and Taiwan are close to Daegu to

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South Korea and Taiwan are close to Daegu to the

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South Korea and Taiwan are close to Daegu to the autumn holiday.

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South Korea and Taiwan are close to Daegu to the autumn holiday. It

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South Korea and Taiwan are close to Daegu to the autumn holiday. It is a

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South Korea and Taiwan are close to major

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Daegu to the autumn holiday. It is a major

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Daegu to the autumn holiday. It is a major relief for

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Daegu to the autumn holiday. It is a major relief for Asian investors

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Daegu to the autumn holiday. It is a major relief for Asian investors as

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major relief for Asian investors as emerging

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major relief for Asian investors as emerging markets

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major relief for Asian investors as emerging markets are suffering

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major relief for Asian investors as emerging markets are suffering from

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emerging markets are suffering from capital

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emerging markets are suffering from capital flight back

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emerging markets are suffering from capital flight back to

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emerging markets are suffering from capital flight back to the developed

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capital flight back to the developed

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capital flight back to the developed world. Most

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capital flight back to the developed world. Most regional stocks

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capital flight back to the developed world. Most regional stocks after

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world. Most regional stocks after

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world. Most regional stocks after soaring to record highs have

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soaring to record highs have

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soaring to record highs have basically plunged within

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soaring to record highs have basically plunged within 15 to

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basically plunged within 15 to 20% basically plunged within 15 to

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basically plunged within 15 to 20% from the year to date highs

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basically plunged within 15 to 20% from the year to date highs out

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basically plunged within 15 to 20% fears.

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from the year to date highs out of fears.

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from the year to date highs out of fears. Emerging Asian

0:05:210:05:21

from the year to date highs out of fears. Emerging Asian currencies

0:05:210:05:22

from the year to date highs out of fears. Emerging Asian currencies are

0:05:220:05:22

fears. Emerging Asian currencies are rallying

0:05:220:05:24

fears. Emerging Asian currencies are rallying the

0:05:240:05:25

fears. Emerging Asian currencies are rallying the south—east Asian

0:05:250:05:25

fears. Emerging Asian currencies are rallying the south—east Asian units

0:05:250:05:25

rallying the south—east Asian units

0:05:250:05:28

rallying the south—east Asian units

0:05:290:05:29

up around 2%. The momentum for

0:05:290:05:29

up around 2%. The momentum for Asian

0:05:290:05:30

up around 2%. The momentum for Asian economies

0:05:300:05:30

up around 2%. The momentum for Asian economies are expected to

0:05:300:05:30

up around 2%. The momentum for Asian economies are expected to continue.

0:05:300:05:33

economies are expected to continue. It

0:05:330:05:33

economies are expected to continue. It is

0:05:330:05:34

economies are expected to continue. It is forecasted that the

0:05:340:05:36

economies are expected to continue. It is forecasted that the tapering

0:05:360:05:36

It is forecasted that the tapering

0:05:360:05:36

It is forecasted that the tapering off or

0:05:360:05:37

It is forecasted that the tapering off or maybe

0:05:370:05:37

It is forecasted that the tapering off or maybe happen by

0:05:370:05:37

It is forecasted that the tapering off or maybe happen by December

0:05:370:05:38

off or maybe happen by December or off or maybe happen by December

0:05:380:05:38

off or maybe happen by December or the first

0:05:380:05:38

off or maybe happen by December or the first quarter of

0:05:380:05:38

off or maybe happen by December or the first quarter of next

0:05:380:05:39

off or maybe happen by December or the first quarter of next year.

0:05:390:05:41

the first quarter of next year.

0:05:410:05:41

the first quarter of next year. Thank you.

0:05:410:05:43

Thank you. Further analysis about Thank you.

0:05:430:05:47

that when we reviewed the papers today. First,

0:05:470:05:55

today. First, Germany. Angela Merkel and her

0:05:550:05:55

today. First, Germany. Angela Merkel and her party face the

0:05:550:05:57

today. First, Germany. Angela Merkel and her party face the battle. We

0:05:570:06:11

issue. Dusseldorf is situated in the and her party face the battle. We

0:06:110:06:11

issue. Dusseldorf is situated in the bank of Germany's most important

0:06:110:06:11

bank of Germany's most important

0:06:110:06:12

bank of Germany's most important waterway. It is

0:06:120:06:12

bank of Germany's most important waterway. It is home to many

0:06:120:06:13

bank of Germany's most important waterway. It is home to many of

0:06:130:06:13

bank of Germany's most important waterway. It is home to many of the

0:06:130:06:13

bank of Germany's most important country's

0:06:130:06:15

waterway. It is home to many of the country's

0:06:150:06:15

waterway. It is home to many of the country's largest companies

0:06:150:06:15

waterway. It is home to many of the country's largest companies and

0:06:150:06:16

waterway. It is home to many of the country's largest companies and if a

0:06:160:06:16

waterway. It is home to many of the few

0:06:160:06:16

country's largest companies and if a few

0:06:160:06:16

country's largest companies and if a few international firms

0:06:160:06:17

country's largest companies and if a few international firms have

0:06:170:06:17

country's largest companies and if a few international firms have also

0:06:170:06:18

few international firms have also

0:06:180:06:18

few international firms have also best themselves

0:06:180:06:23

few international firms have also best themselves here. —— based.

0:06:230:06:25

best themselves here. —— based. This best themselves here. —— based.

0:06:250:06:25

best themselves here. —— based. This place understands trade.

0:06:250:06:26

best themselves here. —— based. This place understands trade. It is

0:06:260:06:26

best themselves here. —— based. This place understands trade. It is no

0:06:260:06:26

place understands trade. It is no

0:06:260:06:26

place understands trade. It is no surprise that the

0:06:260:06:27

place understands trade. It is no surprise that the city

0:06:270:06:29

place understands trade. It is no surprise that the city is watching

0:06:290:06:29

surprise that the city is watching closely

0:06:290:06:29

surprise that the city is watching closely on

0:06:290:06:30

surprise that the city is watching closely on the ad and flow

0:06:300:06:30

surprise that the city is watching closely on the ad and flow of

0:06:300:06:31

surprise that the city is watching closely on the ad and flow of the

0:06:310:06:31

closely on the ad and flow of the

0:06:310:06:31

closely on the ad and flow of the eurozone crisis.

0:06:310:06:36

closely on the ad and flow of the eurozone crisis. Best

0:06:360:06:36

closely on the ad and flow of the eurozone crisis. Best man

0:06:360:06:36

closely on the ad and flow of the eurozone crisis. Best man set

0:06:360:06:36

closely on the ad and flow of the eurozone crisis. Best man set up

0:06:360:06:37

closely on the ad and flow of the eurozone crisis. Best man set up his

0:06:370:06:38

eurozone crisis. Best man set up his company

0:06:380:06:41

eurozone crisis. Best man set up his company in 2005

0:06:410:06:42

eurozone crisis. Best man set up his company in 2005 having invented

0:06:420:06:42

eurozone crisis. Best man set up his company in 2005 having invented a

0:06:420:06:42

company in 2005 having invented a

0:06:420:06:42

company in 2005 having invented a process to

0:06:420:06:43

company in 2005 having invented a process to make flexible

0:06:430:06:43

company in 2005 having invented a process to make flexible lighting.

0:06:430:06:44

process to make flexible lighting.

0:06:440:06:44

process to make flexible lighting. We cannot go

0:06:440:06:50

process to make flexible lighting. We cannot go too close. Now, over

0:06:500:06:50

We cannot go too close. Now, over

0:06:500:06:50

We cannot go too close. Now, over half of this

0:06:500:06:50

We cannot go too close. Now, over half of this product

0:06:500:06:51

We cannot go too close. Now, over half of this product sales are

0:06:510:06:51

half of this product sales are

0:06:510:06:51

half of this product sales are outside Germany

0:06:510:06:52

half of this product sales are outside Germany two

0:06:520:06:52

half of this product sales are outside Germany two countries

0:06:520:06:52

half of this product sales are outside Germany two countries beyond

0:06:520:06:52

outside Germany two countries beyond

0:06:520:06:53

outside Germany two countries beyond the borders

0:06:530:06:54

outside Germany two countries beyond the borders of Europe. The

0:06:540:06:55

outside Germany two countries beyond the borders of Europe. The recent

0:06:550:06:55

the borders of Europe. The recent troubles

0:06:550:06:57

the borders of Europe. The recent troubles within the eurozone

0:06:570:06:57

the borders of Europe. The recent troubles within the eurozone have

0:06:570:06:57

troubles within the eurozone have

0:06:570:06:57

troubles within the eurozone have worried him

0:06:570:07:00

troubles within the eurozone have worried him nonetheless. My opinion

0:07:000:07:00

worried him nonetheless. My opinion

0:07:000:07:00

worried him nonetheless. My opinion is that

0:07:000:07:01

worried him nonetheless. My opinion is that the crisis is

0:07:010:07:01

worried him nonetheless. My opinion is that the crisis is not

0:07:010:07:02

worried him nonetheless. My opinion is that the crisis is not over.

0:07:020:07:03

worried him nonetheless. My opinion is that the crisis is not over. I

0:07:030:07:04

is that the crisis is not over. I

0:07:040:07:04

is that the crisis is not over. I think it is a

0:07:040:07:04

is that the crisis is not over. I think it is a bit

0:07:040:07:07

is that the crisis is not over. I think it is a bit quiet. You

0:07:070:07:07

is that the crisis is not over. I think it is a bit quiet. You don't

0:07:070:07:07

think it is a bit quiet. You don't hear

0:07:070:07:07

think it is a bit quiet. You don't hear anything,

0:07:070:07:08

think it is a bit quiet. You don't hear anything, it is

0:07:080:07:08

think it is a bit quiet. You don't hear anything, it is quieter,

0:07:080:07:10

think it is a bit quiet. You don't hear anything, it is quieter, I

0:07:100:07:10

hear anything, it is quieter, I think

0:07:100:07:13

hear anything, it is quieter, I think there will be something

0:07:130:07:13

hear anything, it is quieter, I think there will be something to

0:07:130:07:14

think there will be something to follow

0:07:140:07:14

think there will be something to follow in

0:07:140:07:15

think there will be something to follow in one or two

0:07:150:07:16

think there will be something to follow in one or two years and

0:07:160:07:16

follow in one or two years and

0:07:160:07:16

follow in one or two years and somebody will have to

0:07:160:07:17

follow in one or two years and somebody will have to pay

0:07:170:07:17

follow in one or two years and somebody will have to pay the

0:07:170:07:17

somebody will have to pay the bill.

0:07:170:07:18

somebody will have to pay the bill. So is the

0:07:180:07:19

somebody will have to pay the bill. So is the view and

0:07:190:07:21

somebody will have to pay the bill. So is the view and a

0:07:210:07:21

somebody will have to pay the bill. So is the view and a sawed—off

0:07:210:07:21

somebody will have to pay the bill. So is the view and a sawed—off ——

0:07:210:07:22

somebody will have to pay the bill. So is the view and a sawed—off —— in

0:07:220:07:22

So is the view and a sawed—off —— in

0:07:220:07:30

So is the view and a sawed—off —— in tussle the eurozone

0:07:300:07:30

So is the view and a sawed—off —— in tussle the eurozone crisis

0:07:300:07:30

So is the view and a sawed—off —— in tussle the eurozone crisis has

0:07:300:07:31

tussle the eurozone crisis has arguably

0:07:310:07:33

tussle the eurozone crisis has arguably been the

0:07:330:07:34

tussle the eurozone crisis has arguably been the greatest challenge

0:07:340:07:34

arguably been the greatest challenge

0:07:340:07:37

arguably been the greatest challenge of Merkel's chancellorship.

0:07:370:07:37

of Merkel's chancellorship.

0:07:370:07:41

of Merkel's chancellorship. Perception is that she has

0:07:410:07:41

of Merkel's chancellorship. Perception is that she has steered

0:07:410:07:43

the parliament throuent throu skil the parliament through it extremely

0:07:430:07:47

the parliament throuent throu skil skilfully. The question now is

0:07:470:07:47

the parliament throuent throu skil skilfully. The question now is what

0:07:470:07:48

role will Germany play within the eurozone

0:07:480:07:49

role will Germany play within the eurozone going

0:07:490:07:49

role will Germany play within the eurozone going forward?

0:07:490:07:52

eurozone going forward? It is now eurozone going forward?

0:07:520:07:52

eurozone going forward? It is now time that we

0:07:520:07:53

eurozone going forward? It is now time that we move

0:07:530:07:53

eurozone going forward? It is now time that we move ahead and

0:07:530:07:56

eurozone going forward? It is now place those institutional reforms

0:07:560:07:57

place those institutional reforms

0:07:570:07:57

place those institutional reforms that should

0:07:570:07:57

place those institutional reforms that should have

0:07:570:07:58

that should have been put in place that should have

0:07:580:08:00

that should have been put in place and the start.

0:08:000:08:01

that should have been put in place and the start. There is

0:08:010:08:01

that should have been put in place and the start. There is a

0:08:010:08:02

that should have been put in place and the start. There is a new and

0:08:020:08:02

and the start. There is a new and

0:08:020:08:02

and the start. There is a new and opposing voice and Germany

0:08:020:08:03

and the start. There is a new and opposing voice and Germany that

0:08:030:08:03

opposing voice and Germany that

0:08:030:08:03

opposing voice and Germany that could find

0:08:030:08:05

opposing voice and Germany that could find its

0:08:050:08:06

opposing voice and Germany that could find its way into

0:08:060:08:07

could find its way into the could find its way into

0:08:070:08:08

could find its way into the Parliament. The

0:08:080:08:08

could find its way into the Parliament. The alternative party

0:08:080:08:08

Parliament. The alternative party

0:08:080:08:08

Parliament. The alternative party believes the

0:08:080:08:09

Parliament. The alternative party believes the euro

0:08:090:08:09

Parliament. The alternative party believes the euro is bad

0:08:090:08:09

Parliament. The alternative party believes the euro is bad for

0:08:090:08:09

Parliament. The alternative party believes the euro is bad for the

0:08:090:08:10

believes the euro is bad for the country.

0:08:100:08:10

believes the euro is bad for the country. Most

0:08:100:08:13

country. Most Germans including this country. Most

0:08:130:08:14

country. Most Germans including this entrepreneur believe that

0:08:140:08:20

country. Most Germans including this the tunnel.

0:08:200:08:24

country. Most Germans including this Fashion

0:08:240:08:24

country. Most Germans including this Fashion stores

0:08:240:08:25

country. Most Germans including this Fashion stores are

0:08:250:08:25

the tunnel. Fashion stores are

0:08:250:08:25

the tunnel. Fashion stores are battling to

0:08:250:08:26

the tunnel. Fashion stores are battling to take

0:08:260:08:26

Fashion stores are battling to take

0:08:260:08:26

Fashion stores are battling to take a vantage of any economic

0:08:260:08:27

Fashion stores are battling to take a vantage of any economic revival

0:08:270:08:27

Fashion stores are battling to take a vantage of any economic revival in

0:08:270:08:28

a vantage of any economic revival in

0:08:280:08:28

a vantage of any economic revival in Europe but they

0:08:280:08:29

a vantage of any economic revival in Europe but they may cast

0:08:290:08:30

a vantage of any economic revival in Europe but they may cast a jealous

0:08:300:08:30

Europe but they may cast a jealous eye

0:08:300:08:30

Europe but they may cast a jealous eye on

0:08:300:08:30

Europe but they may cast a jealous eye on ASOS.

0:08:300:08:33

Europe but they may cast a jealous eye on ASOS. Most struggle to add

0:08:330:08:33

Europe but they may cast a jealous eye on ASOS. Most struggle to add a

0:08:330:08:34

eye on ASOS. Most struggle to add a couple

0:08:340:08:34

eye on ASOS. Most struggle to add a couple of

0:08:340:08:34

eye on ASOS. Most struggle to add a couple of percent

0:08:340:08:34

eye on ASOS. Most struggle to add a couple of percent to

0:08:340:08:35

eye on ASOS. Most struggle to add a couple of percent to the south,

0:08:350:08:36

eye on ASOS. Most struggle to add a couple of percent to the south, the

0:08:360:08:36

eye on ASOS. Most struggle to add a retailer

0:08:360:08:36

eye on ASOS. Most struggle to add a retailer is

0:08:360:08:37

eye on ASOS. Most struggle to add a retailer is expected

0:08:370:08:37

eye on ASOS. Most struggle to add a retailer is expected to

0:08:370:08:38

couple of percent to the south, the retailer is expected to announce

0:08:380:08:38

couple of percent to the south, the retailer is expected to announce a

0:08:380:08:38

retailer is expected to announce a near

0:08:380:08:38

retailer is expected to announce a near 40%

0:08:380:08:38

retailer is expected to announce a near 40% jump

0:08:380:08:39

retailer is expected to announce a near 40% jump in

0:08:390:08:39

retailer is expected to announce a near 40% jump in sales

0:08:390:08:39

retailer is expected to announce a near 40% jump in sales over the

0:08:390:08:39

retailer is expected to announce a near 40% jump in sales over the last

0:08:390:08:40

near 40% jump in sales over the last

0:08:400:08:40

near 40% jump in sales over the last three months.

0:08:400:08:45

near 40% jump in sales over the last three months. It

0:08:450:08:45

near 40% jump in sales over the last three months. It began

0:08:450:08:45

near 40% jump in sales over the last three months. It began selling

0:08:450:08:46

three months. It began selling styles

0:08:460:08:47

three months. It began selling styles want by celebrities.

0:08:470:08:50

three months. It began selling styles want by celebrities. Now

0:08:500:08:50

three months. It began selling styles want by celebrities. Now it

0:08:500:08:50

styles want by celebrities. Now it

0:08:500:08:53

styles want by celebrities. Now it puts it on

0:08:530:08:54

styles want by celebrities. Now it puts it on clothes online. It

0:08:540:08:54

styles want by celebrities. Now it puts it on clothes online. It has

0:08:540:08:54

puts it on clothes online. It has

0:08:540:08:55

puts it on clothes online. It has become a

0:08:550:08:56

become a fast global Internet become a

0:08:560:08:59

become a fast global Internet player. It is

0:08:590:08:59

become a fast global Internet player. It is an have

0:08:590:09:00

become a fast global Internet player. It is an have a single

0:09:000:09:00

become a fast global Internet player. It is an have a single shot.

0:09:000:09:02

player. It is an have a single shot.

0:09:020:09:02

player. It is an have a single shot. There are

0:09:020:09:02

player. It is an have a single shot. There are different

0:09:020:09:03

player. It is an have a single shot. There are different versions of

0:09:030:09:03

player. It is an have a single shot. website

0:09:030:09:03

There are different versions of its website

0:09:030:09:03

There are different versions of its website for different

0:09:030:09:05

website for different countries. website for different

0:09:050:09:06

website for different countries. Soon it will

0:09:060:09:06

website for different countries. Soon it will have

0:09:060:09:06

website for different countries. Soon it will have one

0:09:060:09:06

website for different countries. Soon it will have one for

0:09:060:09:07

website for different countries. Over

0:09:070:09:09

Soon it will have one for China. Over

0:09:090:09:09

Soon it will have one for China. Over 50,000 brands

0:09:090:09:10

Soon it will have one for China. Over 50,000 brands and

0:09:100:09:10

Soon it will have one for China. Over 50,000 brands and their

0:09:100:09:11

Soon it will have one for China. Over 50,000 brands and their own

0:09:110:09:11

Over 50,000 brands and their own

0:09:110:09:11

Over 50,000 brands and their own fashion design

0:09:110:09:12

Over 50,000 brands and their own fashion design on offer. They

0:09:120:09:12

Over 50,000 brands and their own fashion design on offer. They are

0:09:120:09:12

fashion design on offer. They are shipped

0:09:120:09:12

fashion design on offer. They are shipped to

0:09:120:09:12

fashion design on offer. They are shipped to every

0:09:120:09:14

fashion design on offer. They are shipped to every corner of the

0:09:140:09:14

fashion design on offer. They are shipped to every corner of the world

0:09:140:09:15

shipped to every corner of the world

0:09:150:09:15

shipped to every corner of the world from a

0:09:150:09:15

shipped to every corner of the world from a central warehouse

0:09:150:09:15

shipped to every corner of the world from a central warehouse in

0:09:150:09:16

shipped to every corner of the world from a central warehouse in northern

0:09:160:09:16

from a central warehouse in northern

0:09:160:09:17

from a central warehouse in northern England. ASOS does

0:09:170:09:17

from a central warehouse in northern England. ASOS does little

0:09:170:09:18

England. ASOS does little

0:09:180:09:18

England. ASOS does little traditional advertising.

0:09:180:09:22

England. ASOS does little customers

0:09:220:09:22

England. ASOS does little customers discover

0:09:220:09:22

England. ASOS does little customers discover things

0:09:220:09:22

traditional advertising. Its customers discover things through

0:09:220:09:22

customers discover things through online

0:09:220:09:24

customers discover things through online social media. In

0:09:240:09:25

customers discover things through online social media. In the old

0:09:250:09:25

online social media. In the old

0:09:250:09:26

online social media. In the old world it was

0:09:260:09:26

online social media. In the old world it was talking

0:09:260:09:27

online social media. In the old world it was talking over the

0:09:270:09:27

online social media. In the old world it was talking over the garden

0:09:270:09:27

world it was talking over the garden fence

0:09:270:09:27

world it was talking over the garden fence but

0:09:270:09:28

world it was talking over the garden fence but now people are

0:09:280:09:28

world it was talking over the garden fence but now people are talking

0:09:280:09:28

world it was talking over the garden fence but now people are talking on

0:09:280:09:29

fence but now people are talking on

0:09:290:09:29

fence but now people are talking on social media. The

0:09:290:09:30

fence but now people are talking on social media. The talk about

0:09:300:09:31

fence but now people are talking on social media. The talk about things

0:09:310:09:31

social media. The talk about things

0:09:310:09:31

social media. The talk about things that are

0:09:310:09:32

social media. The talk about things that are relevant and

0:09:320:09:32

social media. The talk about things that are relevant and interesting

0:09:320:09:32

social media. The talk about things that are relevant and interesting to

0:09:320:09:32

that are relevant and interesting to

0:09:320:09:35

that are relevant and interesting to them. ASOS is

0:09:350:09:35

that are relevant and interesting to them. ASOS is a unique

0:09:350:09:35

that are relevant and interesting to them. ASOS is a unique proposition.

0:09:350:09:36

them. ASOS is a unique proposition. We

0:09:360:09:36

them. ASOS is a unique proposition. We get talked about.

0:09:360:09:39

them. ASOS is a unique proposition. We get talked about. The shares

0:09:390:09:39

them. ASOS is a unique proposition. We get talked about. The shares have

0:09:390:09:40

them. ASOS is a unique proposition. doubled

0:09:400:09:40

We get talked about. The shares have doubled

0:09:400:09:40

We get talked about. The shares have doubled this year, falling back

0:09:400:09:41

We get talked about. The shares have doubled this year, falling back this

0:09:410:09:42

We get talked about. The shares have week

0:09:420:09:45

week mornings that ASOS may fail to keep up the pace overseas. They

0:09:450:09:47

week mornings that ASOS may fail to it

0:09:470:09:47

week mornings that ASOS may fail to it slight

0:09:470:09:47

week mornings that ASOS may fail to it slight blip

0:09:470:09:47

keep up the pace overseas. They had it slight blip

0:09:470:09:48

keep up the pace overseas. They had it slight blip a few years ago

0:09:480:09:48

keep up the pace overseas. They had it slight blip a few years ago will

0:09:480:09:49

it slight blip a few years ago will when

0:09:490:09:49

it slight blip a few years ago will when UK

0:09:490:09:50

it slight blip a few years ago will when UK growth faltered slightly.

0:09:500:09:52

when UK growth faltered slightly.

0:09:520:09:52

when UK growth faltered slightly. They have

0:09:520:09:52

when UK growth faltered slightly. They have adjusted

0:09:520:09:53

when UK growth faltered slightly. They have adjusted their prices

0:09:530:09:53

They have adjusted their prices

0:09:530:09:53

They have adjusted their prices though so

0:09:530:09:55

They have adjusted their prices though so they got

0:09:550:09:55

They have adjusted their prices customers.

0:09:550:09:58

They have adjusted their prices customers. They

0:09:580:10:07

They have adjusted their prices they have propelled the game.

0:10:070:10:13

they have propelled the game. The they have propelled the game.

0:10:130:10:13

they have propelled the game. The evolving.

0:10:130:10:19

ASOS business plan is still evolving.

0:10:190:10:19

ASOS business plan is still evolving. A former Marks &

0:10:190:10:21

evolving. A former Marks & Spencer 's executive was hired and then

0:10:210:10:21

's executive was hired and then left.

0:10:210:10:29

clothes but things unexpectedly dropped. The

0:10:290:10:34

market for younger and fast fashion. dropped. The

0:10:340:10:35

market for younger and fast fashion. Young people may have to

0:10:350:10:35

market for younger and fast fashion. Young people may have to accept

0:10:350:10:36

market for younger and fast fashion. Young people may have to accept that

0:10:360:10:36

Young people may have to accept that

0:10:360:10:36

Young people may have to accept that it's focus

0:10:360:10:37

Young people may have to accept that it's focus will remain

0:10:370:10:37

Young people may have to accept that it's focus will remain on growth

0:10:370:10:37

it's focus will remain on growth

0:10:370:10:38

it's focus will remain on growth rather than

0:10:380:10:40

it's focus will remain on growth rather than profits.

0:10:400:10:43

rather than profits.

0:10:430:10:43

rather than profits. Financial regulators

0:10:430:10:43

rather than profits. Financial regulators are preparing

0:10:430:10:43

Financial regulators are preparing to

0:10:430:10:45

Financial regulators are preparing to impose

0:10:450:10:46

Financial regulators are preparing to impose fines

0:10:460:10:46

Financial regulators are preparing to impose fines on JPMorgan

0:10:460:10:47

Financial regulators are preparing to impose fines on JPMorgan today

0:10:470:10:47

to impose fines on JPMorgan today following

0:10:470:10:49

to impose fines on JPMorgan today following the bank's $6.2 billion

0:10:490:10:50

following the bank's $6.2 billion trading

0:10:500:10:51

following the bank's $6.2 billion trading losses in London

0:10:510:10:51

following the bank's $6.2 billion trading losses in London last

0:10:510:10:51

following the bank's $6.2 billion trading losses in London last year.

0:10:510:10:52

trading losses in London last year.

0:10:520:10:53

trading losses in London last year. According to Bloomberg,

0:10:530:10:53

trading losses in London last year. According to Bloomberg, JPMorgan

0:10:530:10:54

According to Bloomberg, JPMorgan

0:10:540:10:54

According to Bloomberg, JPMorgan will pay

0:10:540:10:54

According to Bloomberg, JPMorgan will pay $900

0:10:540:10:54

According to Bloomberg, JPMorgan will pay $900 million

0:10:540:10:56

According to Bloomberg, JPMorgan will pay $900 million to settle

0:10:560:10:56

will pay $900 million to settle charges.

0:10:560:10:58

will pay $900 million to settle charges. It led to

0:10:580:10:58

will pay $900 million to settle charges. It led to the

0:10:580:10:59

will pay $900 million to settle charges. It led to the losses racked

0:10:590:11:00

charges. It led to the losses racked

0:11:000:11:00

charges. It led to the losses racked up I want

0:11:000:11:02

charges. It led to the losses racked up I want particular

0:11:020:11:02

charges. It led to the losses racked up I want particular trader known

0:11:020:11:02

charges. It led to the losses racked up I want particular trader known as

0:11:020:11:03

up I want particular trader known as the

0:11:030:11:05

up I want particular trader known as the London whale. We

0:11:050:11:05

up I want particular trader known as the London whale. We will look

0:11:050:11:05

up I want particular trader known as the London whale. We will look at

0:11:050:11:06

the London whale. We will look at newspapers

0:11:060:11:06

the London whale. We will look at newspapers next. Stay

0:11:060:11:06

the London whale. We will look at newspapers next. Stay with

0:11:060:11:06

the London whale. We will look at newspapers next. Stay with us.

0:11:060:11:12

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