Saturday, November 15th, 2008
The value of the £ currency of the UK has been getting battered lately, falling sharply against the US $ and Euro amongst others this past week.
GBP or Sterling as its also known ended the week trading a fraction of its summer value which peaked above $2, GBP/USD Which will soon be trading ...
Posted in Banking, Credit crunch | No Comments »
Tuesday, October 21st, 2008
UK Prime minister or (Sub Prime minister as he was called this week), Gordon Brown and his bushy eyebrowed sidekick the UK Chancellor Alistair Darling are to bring forward projects and spend the UK out of recession, they are planning to build more roads, schools and hospitals to get the ...
Posted in Credit crunch, Debt | 2 Comments »
Sunday, October 12th, 2008
Gordon Brown has told the petrol industry that the cuts in the price of oil should be passed on to UK consumers. The price of oil has recently plummeted from a high of $147 a barrel for US Light Crude during the summer to $82.24 at noon last Friday.
Gordon ...
Posted in Credit crunch | 2 Comments »
Thursday, September 18th, 2008
With all these banks folding or having to get bailed out by government due to their diving share prices, investors must be losing money right? Wrong!
Clever investors know not to trade when their is no news and little market movement thats when they lose money, over the past week the ...
Posted in Banking, Credit crunch | No Comments »