Are financial institutions financially sound?
Reader Writes:
How many financial institutions do you think are financially sound? Do you think they will be able to continue in their current format?
The Credit Crunch – What on earth is that then?
Managing Director, Worldwide Financial Planning, Writes:
Somehow, somewhere, someone has managed to swing poor lending processes and swashbuckling investment decisions by banks, over to Mr poor mortgage payer in the good old USA. That’s a bit like trying to glue jelly to a tree.
Interest rates will fall to 3%, the cost of living will also fall dramatically
Managing Director, Worldwide Financial Planning, Writes:
Up to last Thursday, it all made sense, even with all the falls. After that the whole thing became barmy and investor sentiment has taken over into full on fear, with stocks like Standard life trading up one day at near £3 and then down to near £2 two days later.
Are we heading into a recession?
Do you believe we are going into a recession and what might this mean for us?