Site Archives commentary
Chancellor does the Hokey Cokey
He puts his left leg in, his left leg out, does the Hokey Cokey and completely U-turns on his FSCS savings guarantee.
“We’ll offer protection on the first £100,000″
“That’s a bit of a fucking liability isn’t it Alistair?”
“We’ve got no choice, they’re losing faith in the banks, it could go down like a house of cards [...]
FED throws some steak to the wolves at the door.
The central banks again defer the inevitable which will only make the time of reckoning more painful. The US interest rate cut of 50 basis points has brought temporary respite to the markets, but only enough to stop the hemorrhaging.
Inflation fears end rally, sending stocks down
Although less brokers will be jumping this Autumn; one [...]
Credit crunches a Northern Rock
Borrowers unable to afford trailer park mortgages 4,000 miles away begin the butterfly effect that soon escalates into the first UK bank run in the modern-day credit collapse. As soon as confidence is lost in a financial institution you are witnessing first-hand how quickly customers can bring it to its knees. Billions have been withdrawn [...]
Find It Quickly
Find what you're looking for quickly by using our keyword search. Can't find it? Try our links below.
