Blog > Archive by tag 'UK economy'
Baltimore — (TFN): The podcast for our latest TFN 60-Second Buzz video, featuring guest expert Ian Cooper, can now be downloaded to your iTunes or PodcastAlley.com accounts.
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UK Credit Crunch: Play Now | Play in Popup | Download
UK Credit Crunch: [...]
by Ian Cooper
Baltimore — (TFN): We’ve all heard about the severity of the UK economic situation. But that’s what you get when you’re dealt a severe credit crunch, a crippled housing market, and a cutback in consumer spending.
It was November 2007 when the Bank of England’s chief economist warned that the effect of the credit [...]
Tags: 60-second buzz, Bank of england, british pound, credit crunch, CurrencyShares British Pound Sterling, FXB, housing, Ian cooper, sc trading pit, Today’s Financial News, UK economy
"It takes quite a while for unemployment figures to tick up, even when an economy is clearly in trouble. In the US, jobless data only started to look worrying towards the end of last year, despite the clear trouble in the housing market and some early forecasts of recession." — John Stepek.
John Stepek of [...]
"The UK economy is in trouble because our own banks have been lending with the same gay abandon to the same kind of over stretched subprime borrowers as the US banks have; because our interest rates have been kept too low for too long and so encouraged the creation of a vast and unusustainable housing [...]