Are we poised is to see the third leg of the credit crunch crisis?
After the initial credit crunch hit the US and began to spread around the world there was a period when many observers believed concerns had been overdone and the markets and economies around the world would return to "normal". However, we then saw a second leg which impacted upon the worldwide financial sector, stock markets, government budgets and other vital elements of "everyday life". However, there are growing concerns that we could be poised to see the third leg of the credit crunch hit the worldwide economy!
Earlier this week we saw concerns appear regarding the Greek economy, which has struggled due to the downturn, with a massive increase in the Greek government budget deficit. There is also the ongoing situation in Dubai which, despite government claims that it is "under control", still has some way to go before it is totally resolved. As a consequence, there is growing fear in the money markets that more governments around the world will struggle to raise funds needed to see them through the short to medium term, a time when the worldwide economy and local economies should start to turn the corner.
The danger is that if economies are starved of potential financial investment in the short term we could see a sharp U-turn and a further lurch downwards. This could literally push the worldwide economy into a depression, never mind a recession!
DIY can be very cost-effective but.....
DIY is a pastime which is very common and very popular across the UK and while it can lead to significant cost savings and potential investment returns for those willing to take on DIY there are also opportunities to fall into very simple traps which could in the long-term cost you money. If you know what you're doing with regards to DIY around the home then by all means try to save yourself money...Read More
Analysts give a cautious welcome to Lloyds bank rights issue
Analysts in the UK have given a cautious welcome to the Lloyds bank rights issue which at £13.5 billion is the largest in UK stock market history. The vast majority of analysts are advising shareholders to take professional advice regarding the situation and their specific circumstances although ultimately the £13.5 billion in question has been underwritten and will be available to Lloyds bank...Read More
Who will pay the price for the UK recession?
As we start to move towards the business end of bringing the UK economy out of recession there are fears that UK consumers and UK taxpayers will ultimately pay the price. The UK government has already threatened to return VAT to the former level of 17.5% and end the 15% reduced rate we have enjoyed for some months. We've also seen the government threatened to both reduce public spending, although...Read More
Which sector is next in the great UK collapse?
Over the last few months we have seen a significant fall in the banking sector, increased pressure on car manufacturers as well as blood on the UK high street. These sectors are struggling to make ends meet and aside from the banking sector, there has been little in the way of direct government assistance for even some of the largest UK businesses. But which sectors could be next to succumb to the...Read More