Credit Crunch Truths

Archive for June, 2009

Credit crunch arrrgh?

if i hear it once more i will scream

When Will The Credit Crunch End?

This credit crunch is starting to bite. Recognised companies are going to the wall unable to continue and compete in the current downturn. Rock solid firms are also folding after being unable to borrow the money that they have become accustomed to lending. Unemployment rates are going through the roof, doom and gloom is starting to set in up and down the country. Read the rest of this entry »

If there is a credit crunch, why are mortgage interest rates going down?

Rates aren't based on the availability of credit, they're based on liquidity in the market and usually centered around the 10 year Treasury Bill.

Lately the market has been hard on investors, so they've pulled out of stocks and purchased government-backed T-Bills (nearly guaranteed returns). When the yields on T-Bills Read the rest of this entry »

Writer cashes in on credit crunch – Yahoo! News UK

Richard Hains' book Chameleon is about a trader who is forced to flee New York when a deal backfires.

The novel has been well received by critics and is in the running for America's National Book Award.

Hains hopes the chaos on the financial markets, and subsequent backlash against the excesses of the money men, will help make the movie a box Read the rest of this entry »

The credit crunch and recession has hit the country with a massive impact within the last 6 months and most people have been affected by this, whether it’s a shortfall of finances, house repossessions, missed payments or a cut back to lifestyles. If you are looking for loans and credit cards you will have found that many lenders refuse where they would normally accept applications due to the risk and Read the rest of this entry »

I’ve had some time to do some reading lately and I’ve managed to come across a few really interesting posts that I thought I’d let everyone know about. Check em out and let me know your thoughts on some of the topics they talked about within -

Biz Poll Results: Credit Crunch – Business Opportunities Weblog

Blog entry about Biz Poll Results: Credit Crunch.  Read More…

Scoop: Credit crunch: time to treat employees like trash Read the rest of this entry »

Credit Crunch Woes Claim America’s Fifth-biggest Bank
Credit crunch claims biggest victim yet when the US Federal Reserve orchestrated an emergency bail-out for Bear Stearns

The global credit crunch claimed its biggest victim yet yesterday when the US Federal Reserve orchestrated an emergency bail-out for Bear Stearns after a cash crisis prompted a run on America’s fifth biggest investment bank.

Read the rest of this entry »

Hey everyone, I decided it would be a great idea to post up the latest news from Google so here it is…

Plight of West Ham ABC a sign credit crunch biting at grass roots …

The development reminds us of the need to look after and cherish sport at grass roots at a time when the credit crunch is beginning to bite in boxing. …  Read More…

Is the Credit Crunch Finally Abating?

Last September, Read the rest of this entry »

European financials, such as Deutsche Bank and Barclays led, the bullish charge from the start, ironically helped by the news that UBS would write down CHF 19 Billion. Despite the large sums mentioned, many have interpreted the write down as a sign that the worst of the banking crisis is over. Credit markets marked down the risk of default from UBS after being impressed with the bank’s capital raising Read the rest of this entry »

As a novice to this kind of thing, can anyone give me a brief explanation of what caused the credit crunch? How come the banks are all in such a mess? Why could tax payers money be use to "bail the banks out" and what would happen if there is a recession? Read the rest of this entry »