What Has Happened to the British Pound?

Over the past year we have seen our currency being rejected in favour of other currencies.  This begs the question does our currency have a future?  There is talk that the decline of the Pound is a sign of how really sick the UK is economically.  I really hope Gordon Brown can sail us out [...]

No Bailout for US Banks

Looks like there will be no light at the end of this financial crisis tunnel as the US House of Representatives throws out Bush’s $700billion bailout package for Banks.  The big question is now where do we go from here?

Financial Collapse

The news is bad – the climate is gloomy.  What is going to happen next? Who is going to be the next victim? After Lehman and Merril and then AIG and HBOS where the heck do we run too to hide?
I never thought I’d see a meltdown in the Banking sector like I’m seeing this [...]

Merrill Gets Swallowed Up as Lehman Collapses

As the news of Lehman Brother’s collapses – news came through early Monday morning that Bank of America had brought Merrill Lynch for $50Billion – looks like we’re entering a new era on the world markets.

Lehman Brothers on the Brink

After a loss of 80% of its value last week the US Bank is desperately trying to workout a survival package and its very likely it will end up no longer an independent bank or even broken up into pieces.  The doom and gloom on the financial markets continue…

How to become Popular…

Frenchman Jerome Kerviel is now in custody after out doing even Nick Leeson in terms of loss – more than $7 billion.  Shocking that one guy can actually go that far without alarm bells being rang – but its happened before and working for one of the biggest Bank’s in the world myself I can see [...]

Markets Crash

Not a good start for 2008 as world stock markets crash amid fears that the US is heading towards a recession thus dragging the rest of the world economies with it.
2007 wasn’t a good year, but 2008 is proving to be worse.  Time to tighten belts and hold on as companies start letting people go, [...]