A quick thought on this week’s money news Another action-packed week, with fears about banks continuing, manufacturers slashing jobs as if cutting grass, and house repossessions in the UK soaring. No wonder stock markets fell. The UK FTSE 100 dropped 3.32% to close at 3,889, flirting again with the last year’s lows. The thorn is [...]
February 2009
Image by: Mangpages It’s been so long since we’ve had an economic downturn that people have forgotten recessions are about being fired, losing your home, and companies going under. The mainstream press is instead treating the recession more like a seasonal change in fashion. In a strange echo of the frivolous attitude that stoked up [...]
A quick update on Zopa, the UK-based peer-to-peer lender that has been proving its worth for both lenders and borrowers during the credit crunch. As I wrote last month, interest rates had been rising for Zopa lenders, but the spike up in bad debt that I feared might have occurred due to the credit crunch [...]
Every week I read a huge number of personal finance and investing articles. I thought you might enjoy a weekly shortcut to the best. First, a quick thought on this week’s money news UK banking bosses past and present were hauled over the coals by MPs this week. Nothing we didn’t know came to light, though [...]