Thursday, Nov 22, 2007
Have we reached a turning point?
MoneyWeek: The real reason why people lose confidence in markets
Whilst pundits like to blame media scaremongering, it is the sudden realisation of just how much we now spend on petrol - or the collapse of Paragon or Northern Rock - that really rattles us.
Posted by mary @ 08:46 AM (392 views) Add Comment
2 Comments
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1. alan said...
Confidence: we can't even qualify at football.
2. Dave The Box said...
I like:
"With mortgage lenders now more focused on profits than market share anyway, that means that regardless of what happens to base rates, mortgages are going to become more costly."
Says it all. The BoE are powerless to stop the crash!