Thursday, Jul 24, 2008
Why your bank manager may be about to turn nasty
MoneyWeek: Why your bank manager may be about to turn nasty
The credit crunch may be a year old, but in reality it's only just started. Banks will have to rein in lending even more - meaning a brutal recession, lower profits and many more job losses.
Posted by damien @ 10:32 AM (561 views) Add Comment
4 Comments
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1. whiteknight said...
It's one set of rules for you. Whatever they want the rule to be for them.
2. Fingerbob69 said...
I am staggered by the apparant wilful blindness of the markets to the developing situation. Surely the FTSE will undergo a quite traumatic downward adjustment in the next few weeks? And just who is dumb enough to be piling back into builders like Barretts and the banks???
3. beartil2010 said...
I am in agreement. I cannot see the ftse doing well at all and am still holding to my FTSE 100 at 4,000 in 9mths prediction.
4. d'oh said...
Yes...it may take a little longer than a few weeks, but I suspect the FTSE and Dow will have big sell offs in Autumn.