Archive for May, 2009
UK buoyed with positive house price data
Lots of positives in the global markets this morning. Firstly we have seen the Nationwide House price index survey show a surprise bounce as the average house price rose 1.2% in May- this is the strongest monthly gain for 19 months. Although this is a good indicator that the severe downturn in the property market [...]
May 29, 2009
Tags: Credit Crunch, Gold, home loans, mortgage calculator, Oil, recession Posted in: Uncategorized 
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US Loans markets defy FED as Treasury yields spike
The US Federal Reserve Board (FED may soon be forced to launch fresh blitz of quantitative, or risk seeing economic recovery snuffed out by the latest surge in long term borrowing costs. Yields on 10 year Treasury bonds have risen relentlessly since March when the Fed first announced its plan to buy $300bn (£188bn) of [...]
May 28, 2009
Tags: consolidate debt loans, FED, home loans, refinancing rates, US loans rates, US mortgage rates Posted in: Uncategorized No Comments
Loan Calculator warns Britain may suffer a double recession
Britain faces the prospect of two recessions in quick succession. Robert Shiller, Professor of Economics at Yale University, said that the recent stock market bounce should be treated with caution. He likened the current sense of optimism to a marital row. “You don’t know whether the argument with your wife is really over or not. [...]
May 27, 2009
Tags: Bank of England, Credit Crunch, Loan calculator, sub prime loans, UK loans rates, uk recession Posted in: Uncategorized No Comments
Asian shares founder after North Korean nuclear test
Markets foundered today as the United Nations condemned North Korea’s nuclear test and investors awaited more clues about the health of the world economy. Tensions on the Korean Peninsula showed no signs of easing after the UN Security Council criticized North Korea’s test of a nuclear bomb as a “clear violation” of international bans. But [...]
May 26, 2009
Tags: Credit Crunch, Oil, sub prime loans, uk recession Posted in: Uncategorized No Comments
Credit ratings- what a difference an “A” makes
Yesterday we saw incredible volatility in the markets as firstly Standard & Poor’s said it was revising its outlook for Britain’s AAA credit rating from “stable” to negative. This had a whirlwind effect on the markets with the FTSE falling nearly 3% and sterling tumbling across the markets. Official data showed that the treasury borrowed [...]
May 22, 2009
Tags: consolidate debt loans, Credit Crunch, Loan calculator, UK loans rates, uk recession Posted in: Uncategorized No Comments
Taxpayer faces £17.6bn loss on bank investments
The British taxpayer would make a £17.6bn loss if the Government sold out of Lloyds Banking Group and Royal Bank of Scotland at today’s prices. The figures, compiled by analysts at Exane BNP Paribas, make even a partial sale of the Government’s stake in either bank before a general election next spring look highly unlikely. [...]
May 21, 2009
Tags: Bank of England, consolidate debt loans, Credit Crunch, UK loans rates, uk recession Posted in: Uncategorized No Comments
Loan Calculator sees feel good factor returns
Overnight the UK government has hinted it may look to sell a portion of the debt it has taken on in the nationalised UK banking sector. Over in the US the feel good factor continues as the Treasury Secretary Geithner adds to the Growing Belief that we have turned the corner. This, added to bullish [...]
May 20, 2009
Tags: consolidate debt loans, Loan calculator, Oil, sub, UK loans rates, uk recession Posted in: Uncategorized No Comments
Bank of England makes £1bn profit from bailouts
The Bank of England revealed yesterday that it had racked up record profits of almost £1 billion in the year to February. During a crisis that has brought some of the mightiest forces in global banking to their knees — and some to collapse and oblivion — the Bank emerged as having thrived while famed [...]
May 19, 2009
Tags: Bank of England, consolidate debt loans, Credit Crunch, UK loans rates, uk recession Posted in: Uncategorized No Comments
Investors doubt that this bull market has legs
It was only a fortnight ago that investors were buzzing with enthusiasm and dreaming of a bull market. Stockbrokers were reporting a sharp rise in trading volumes as private investors rushed to join in the stock market renaissance. The great and the good were confident enough to announce that the bull market had indeed come. [...]
May 18, 2009
Tags: Credit Crunch, Loan calculator, recession, uk recession Posted in: Uncategorized No Comments
IMF forecasts recovery despite Eurozone GDP fall
The IMF said that they expects the global economy to recover in the first half of next year despite worse-than-expected figures from the eurozone economy showing that GDP shrank by 2.5 per cent during the first quarter. The quarterly fall in GDP in the eurozone– a key measure of economic health – takes the annual [...]
May 15, 2009
Tags: Credit Crunch, euro, IMF, Quantitative Easing, recession Posted in: Uncategorized No Comments
