Archive for May, 2009
Green shoots data trampled by Mervyn King
The UK’s Quarterly inflation report by the Bank Of England emphasising a slow and uncertain recovery. The inflation report is the first since the introduction of QE in March and the report was eagerly awaited to assess the inflation projections in the UK. Mr King was downbeat in his assessment of the UK economy and [...]
May 14, 2009
Tags: Bank of England, Quantitative Easing, uk recession, unemployment Posted in: Uncategorized 
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Bout of profit taking snaps the equity rally
As feared yesterday we witnessed a sharp bout of profit taking in the equity markets as investors took the opportunity to lock in their profits after a 5% rally last week. The move may have been catalysed by the fact that several large US banks were looking to use common equity issuance to raise funds [...]
May 13, 2009
Tags: Bernanke, FED, inflation, OECD, uk recession Posted in: Uncategorized No Comments
Labour Ministers ‘to blame’ for financial crisis
The Labour government and central bankers must take the blame for the financial crisis – not bankers, investors and others in the market, according to a new study. The Bank of England has a whole variety of counter-cyclical policies it could have used to avert the crisis, say economists. In a comprehensive analysis of the [...]
May 12, 2009
Tags: Bank of England, Credit Crunch, labour liars, uk recession Posted in: Uncategorized No Comments
Loan Calculator says enjoy the rally while it lasts
Our delicious spring rally is nearing the limits. The 40pc rise on global bourses since March assumes that central banks have conjured away the debt overhang by slashing rates to zero and printing money. Nothing of the sort has occurred. Two thirds of the world economy will be in deflation by July. Bear market rallies [...]
May 11, 2009
Tags: Bank of England, Credit Crunch, Interest Rates, Loan calculator, recession Posted in: Uncategorized No Comments
European Central Bank falls into line and embraces quantitative easing
Rearguard action by Germans to stave off ‘undesirable option’ dismissed by central bank’s governing council as ECB cuts loans rates to 1%. The European Central Bank is now following the policy first adopted by the Bank of England and America’s Federal Reserve The European Central Bank has cut interest rates a quarter point to a [...]
May 8, 2009
Tags: Bank of England, ECB, falling interest rates, FED, Interest Rates, Quantitative Easing Posted in: Uncategorized No Comments
US stress tests of banks a focal point for loan calculator
The results of the US banks stress testing is expected tomorrow after the markets in New York close- this is to be followed by a press conference from the Banks involved on Friday at which one would assume, they will argue their opposition to the findings. Rumours and articles abound this morning concerning Bank of [...]
May 7, 2009
Tags: Credit Crunch, falling interest rates, Interest Rates, Loan calculator, sub prime loans, US loans rates Posted in: Uncategorized No Comments
Loan Calculator radar set on Thursday’s ECB rate decision
Last month the European Central Bank (ECB) surprised the markets by only cutting interest rates by 25 basis points to 1.25%- a record low but when compared against the UK interest rates of 0.5% and against the US of 0-0.25% then comparatively still high in the current global climate. The market wanted to see more [...]
May 6, 2009
Tags: consolidate debt loans, ECB, falling interest rates, FED, Interest Rates, UK loans rates, US loans rates Posted in: Uncategorized No Comments
Loans markets remain mixed
Lets start with the good news- UK PMI has risen to 42.9 in April from 39.5 in March, above market expectations of a reading around 40.5. Also in the UK- net consumer lending has been released to have hit its lowest level on record in March, totalling GBP0.9 billion, from 1.5 billion in Feb. Yesterday’s [...]
May 5, 2009
Tags: Credit Crunch, Loan calculator, UK loans rates, uk recession Posted in: Uncategorized No Comments
Pendulum again swings towards risk appetite
The Fed stuck to their guns following the March announcement that they will still purchase a total of up to $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt by the end of the year, as well as $300 billion of Treasury securities by autumn. On the upside the FED [...]
May 1, 2009
Tags: FED, home loans, Quantitative Easing, Reserve Bank of New Zealand, UK loans rates, US loans rates Posted in: Uncategorized No Comments
