Thursday, Oct 25, 2007
The credit crisis is far from over and British shareholders are at serious risk of becoming its next victims, the Bank of England warns.
telegraph.co.uk: Investors warned of slide in shares
The credit crisis is far from over and British shareholders are at serious risk of becoming its next victims, the Bank of England warns.
In an unexpectedly downbeat report on the state of the British financial system, the bank warns that the UK stock market is "particularly vulnerable" to a downturn.
Posted by chris @ 02:10 AM (326 views) Add Comment
1 Comment
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1. sovietuk said...
With the property market now under pressure, shares looking vulnerable, public finances in a mess, the pound on the low side against the Euro(a better measure of its value than the dollar), consumers overstretched and inflation rampant - Darling is going to be fighting a war on all fronts soon. Watch out for a key event/financial scandal now that will send Sterling tumbling and leave Fall Guy Darling with the choice of either hiking rates and plunging the economy into recession or watching inflation reach seventies level again with the Public sector going ballistic. All the ingredients for a major catastrophe are moving into place.