Central banks cut rates to contain financial crisis
The US Federal Reserve has led a global round of emergency interest rate cuts in an effort to contain the worst financial crisis since the 1930s. The Federal Reserve said it was cutting its key federal...
View ArticleClik here to view.
UK house price fall steepest in 25 yrs – Halifax
New data released shows UK house prices fell 12.4% for the year to September. This is the biggest annual fall in over 25 years. » UK house price fall steepest in 25 yrs – The Guardian, 12th October...
View ArticleG7 vows to fight credit crunch
THE G7 nations have vowed to take all necessary steps to unfreeze credit markets and ensure banks can raise money but have offered no collective course of action to avert a deep global recession. » G7...
View ArticleWorld on brink of meltdown, warns IMF
Only last week the IMF was quite conservative on this crisis. Today the head of the IMF, Dominique Strauss-Kahn is saying “Intensifying solvency concerns about a number of the largest US-based and...
View ArticleChina facing rapid economic slowdown
China has received more evidence that its economic growth is slowing drastically. The growth in China’s industrial output slowed to 8.2 per cent in October, compared to 11.4 per cent a month earlier....
View ArticleIt’s official – The USA is in recession
The US National Bureau of Economic Research has released data confirming the USA is in recession. The peak of the cycle was a year ago in December 2007 and the US economy has been crumbling ever since....
View ArticleUK : Bank of England cuts rates to the lowest since 1694
The Bank of England has today reduced the benchmark interest rate by 0.5% to 1.5%, the lowest rate since the Bank of England was established in 1694. » BOE Cuts Rate to Lowest Since Bank’s Creation in...
View ArticleClik here to view.
World housing crash accelerates with more record falls in the US and UK
House price data for the UK market compiled by Nationwide shows in the 12 months to February, shows house prices fell 17.6%. This, the 16th consecutive contraction is now the biggest fall since...
View ArticleClik here to view.
Jeremy Grantham on Bubbles
The Financial Times has an interview with Jeremy Grantham, founder and chief strategist at GMO, on bubbles. Mr Grantham has identified over 34 bubbles over the years based on the 40 year event based...
View ArticleIs the Eurozone Crisis really over?
A plan announced on Thursday to address the Eurozone debt crisis has bouyed markets around the world. But questions remain if it will go anywhere near fixing the problem. Eurozone leaders have formed...
View Article
