uk economy

The Immutable Laws of Solvency

We need to cut up our credit cards now! When I was in corporate banking, the definition of solvency that I used was ‘the ability to meet your debts as they fall due.’ This means that avoiding insolvency depends upon: the ability to meet all your expenses from current cashflow or that you have headroom [...]

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House Prices In The UK Are About To Get Worse

Why do I think house prices are about to get worse when today we have had news that the recession is officially over ( – a pitiful 0.1% growth!). Firstly, the housing market in the UK remains 29% overvalued on a price to rental basis according to the Economist: Second, in 2008 the interest rates [...]

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How Will A Depression In America Affect Your Business?

A tragedy of Shakespearian proportions is slowly unfolding in America. In this article I want to explore how the deep-rooted problems in the American economy may affect business in the UK. I am now certain in my own mind that the days of the dollars role as the world’s reserve currency are numbered.  The Fed [...]

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A Suckers Rally? … You Decide

This is a chart of  a typical bubble scenario: Main Stages In A Bubble I’ll give you no prizes for guessing where we are on the chart.  I’m expecting house prices to head on downwards within the next couple of months as we have reached the ‘return to normal’ stage.  Watch and learn. Share on [...]

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Was 2008 Just A Dress Rehearsal?

I am watching what is happening in America with a great deal of interest.  One of my wifes school friends works in the US as a teacher for children with learning difficulties.  The state has just cut his working week by 3 days because ‘they can’t afford to pay him’. I have been well aware [...]

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Destroying Gordon Brown’s Reputation For Financial Competence

As the size of Britains debt burden becomes more and more into focus, it seems clear that there will be massive cut-backs in the public sector in the next couple of years in order to bring the budget deficit under control.  This will add to the growing unemployment problem. Now, more than ever, Britain will [...]

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