At least, that is what it feels like every time I look at the latest news from the financial sector. Which multinational banking behemoth will fail first? seems to be the unasked question bouncing around the world. And how many innocent depositors will it bring down with it? is the next one. For my professional [...]
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I am stunned and amazed at the perfidy of the financial institutions and the governments – as usual. If anyone in their right mind does not understand the reasons behind the current economic crisis – I will explain it in simple terms: It came about by financial institutions lending money they did not have to [...]
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So far, it looks as though 2009 is not looking promising financially. With retailers sensibly waiting until after Xmas to put themselves into receivership, one in ten homes in the United States in mortgage arrears, the pound at it’s lowest level against the Euro and everyone finally accepting that there is a recession. Unless [...]
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I am beginning to wonder if my government is just stupid, or being deliberately obtuse. After a few milliseconds thought, I am coming to the “deliberately obtuse,” conclusion. I hear from all over that the “housing crisis,” was caused by people defaulting on their unrealistic mortgages. Ha! What a joke. You could pay off every [...]
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