Tag Archives: Credit Crunch

If you listen to bankers and politicians, what we really need right now if for banks to start lending again. Then, all the problems we now see; house prices falling, stock market panics, mass currency movements, will sort themselves out. It might not happen right away, but, they assure us, it will happen. They are wrong, and here’s why. Continue reading →

If you happen to have watched the news during the past year, chances are you may have seen a mention or two of something called the “Credit Crunch”. You will have seen stories of banks going bust, stock markets in a panic, and grave announcements from Important People to “not panic”. Of course, that’s exactly the kind of thing that makes people want to start digging a hole in the back garden to keep their new gold coins in, but now is not the time to stop buying shares. Continue reading →