Credit Crunch Truths

Archive for July, 2009

Credit Crunch – Ignoring The Signs

Inappropriate lending and greed appear to be two causes of the credit crunch we face right now. Loans were granted to borrowers who should never have been allowed to add to their existing debt load. As these ‘bad loans’ began to turn sour, the banks and other lenders had a smaller supply of money to lend.

Suddenly borrowing became more difficult and expensive Read the rest of this entry »

Credit Crunch: Bernanke’s Inflation Optimism Boosts Shares on Both Sides of Atlantic

Head of bank says the fight against inflation is being aided by falling commodity prices and the stronger dollar

Ben Bernanke, the head of America’s central bank, last night gave a boost to shares on both sides of the Atlantic when he said the fight against inflation was being aided by falling commodity prices Read the rest of this entry »

Don’t put your dreams of buying an overseas property on hold. Described as the ‘Credit Crunch Bolt-hole’ by The Times newspaper, Turkey has great value property in the coastal resorts from as little as GBP 35,000 and proven capital appreciation rates of 15-20% per year in the best areas. Whether for investment or fantastic holidays in the sun, Turkish property offers a ray of light in these gloomy Read the rest of this entry »

Is now a good economic time to apply for a mortgage?

Facts:
£220,000 mortgage
5% deposit
£50,000 joint income
Tarnished credit history
Current rental £795 per month
Projected mortgage repayments (interest only) £1500 per month

Or should I wait a couple of years?

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 -

Video – CNBC.com

Credit Crunch Abating 4 hrs ago. Tracking the stabilization of the credit markets, with Michael Thompson, Standard & Poor's managing director, 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…

Theatre and the credit crunch: drama is thriving in a crisis

Charles Spencer thought we'd all stay at home during the credit crunch. Instead, we are going to the theatre in amazing numbers. …  Read More…

Wotton Animal Rescue centre feels effects of credit crunch

The credit crunch has Read the rest of this entry »

Why do I NOT feel the Credit Crunch`s effect?

I`m a student and when everyone is screaming about lower incomes and getting fired, being squeezed into smaller houses and not being able to afford things they used to afford, I however dont feel anything?

My family isnt that well off or of the upper classes. True, our Income is over £55-£60K per year but that isnt a lot is it? Is it because of 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…

Slovenia bond market takes off amid credit crunch

But Slovenia's economy is expected to shrink 4 percent this year and the global credit crunch made long-term loans hard to get, forcing companies to start …  Read More…

Arctic Roll returns to menu as credit crunch drives shoppers to … Read the rest of this entry »