Stocks Plunge On Recession Fears
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There is a factor of the problems in this country that seems to be being overlooked and that is the relationship between Estate Agents & Mortgage lenders. After all isnt it the Estate Agents who set the prices for houses and then usher buyers towards the mortgage companies. No doubt there was some payback between the too for buisness depending on th price the house was sold for. If I could see 4 years ago that the house market prices were over priced and the first time buyer was being squeezed out of the market by the reckless amount of credit being thrown at people why couldnt Gordon Brown and all his advisors.
Posted By :Ian Foster
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No surprises then under Labour. Ten years of waste, massive debt and incompetence.
Posted By :david
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It amazes me how suspended stocks suddenly makes everything OK yet we rely on something that is obviously not good to run our economy. The problem is that stock traders make money when stocks gain AND fall therefore they are taking more money out of the system than is in it, thus causing date and borrowing at interest which is unsustainably, as we have clearly seen.
Posted By :Trevor
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what has happened to your market data. Charts and details were excellent.
Posted By :Ian Peters
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Yes, the retail figures are out this week and most are already 7-10% down on last year. I wont be buying anything this year as the recession will be worse in 2009
Posted By :thedudemeister
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Are you going to put up a huge headline now the FTSE has actually gone up today? Why do you continue to try and scare people with your pointless stories. Why don’t you report on the end of day FTSE price rather then the opening price. I used to like watching Sky news but now all you do is depress me.
Posted By
ave
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admin @ October 23, 2008