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Recent Posts Tagged With 'Economy'
It’s the Economy Stoopid!
Congratulations to President - elect Obama on his victory. Not the massive landslide predicted, but very creditable nonetheless, The stock markets don’t seem overly impressed by his success however, with most world bourses continuing their jo...
World Markets Continue Free Fall
So the banks have been made more secure, but the world is still on the edge of recession and investors don’t like it! US figures are particularly worrying, with new data showing that US industrial production in September had seen it’s lar...
Gordon Brown Saves the World from Depression
European and Asian stock markets have surged in response to EU leaders saying that no big bank would be allowed to fail. The statement was made on Sunday, after Eurozone leaders met with UK Prime Minister Gordon Brown, where he explained the British ...
Panic in the Global Markets
All the main world markets continued their free fall today, with the Dow dropping below 8,000 points at one stage, before rallying. Wall Street is in full blown panic mode, triggering fear through the rest of the world’s Bourses. In the UK, the...
UK Government to Announce Bank Rescue Plan
The British Government is about to announce a £50 billion rescue package for the British banking industry. The plan will include investing government money in banks to recapitalise them - in other words partial nationalisation! The plan was finalise...
European Banks on the Brink of Collapse
The entire European banking sector is now at risk, as all of Iceland’s banks are now at severe risk of failing and the German government has had to step in to save Hypo Real Estate - Germany’s second biggest commercial property lender. Th...
