Jump to content
House Price Crash Forum
Sign in to follow this  
agmoldham

A Second Credit Crunch

Recommended Posts

The FSA made an unexpected request for information from all the UK financial institutions today. The question is whether this was preparing for a major crisis in the next few days, some kind of pre arranged exercise or whether they were just causing trouble before they are disbanded. Based on their previous performance, the FSA doesn't seem to have much insights into the future, so my guess is they were just flexing their muscles. Having said that we seem to be slipping towards a second credit crunch based on the concerns over sovereign debt. The governments managed to stay reasonably united last time, but we may well see a lot of countries looking after number one this time which will lead to civil unrest in a number of countries. I'm afraid the Greek protests look set to be repeated in several countries and I'm rather fearful that the ultimate result of the great depression may be repeated again. I think I better change my status back to bear after this post!

Share this post


Link to post
Share on other sites

The FSA made an unexpected request for information from all the UK financial institutions today. The question is whether this was preparing for a major crisis in the next few days, some kind of pre arranged exercise or whether they were just causing trouble before they are disbanded. Based on their previous performance, the FSA doesn't seem to have much insights into the future, so my guess is they were just flexing their muscles. Having said that we seem to be slipping towards a second credit crunch based on the concerns over sovereign debt. The governments managed to stay reasonably united last time, but we may well see a lot of countries looking after number one this time which will lead to civil unrest in a number of countries. I'm afraid the Greek protests look set to be repeated in several countries and I'm rather fearful that the ultimate result of the great depression may be repeated again. I think I better change my status back to bear after this post!

What request was this? How do you know the request was made? Are you Mervynn King?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.