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

Coming Shock Wave To London Prices: Financial Bear Market

Recommended Posts

http://today.reuters.co.uk/news/articlenew...XML&src=rss

U.S. Brokers' Shares May Fall -- Report
Mon Aug 28, 2006 8:00 AM BST170
NEW YORK (Reuters) - Shares of U.S. brokers and financial conglomerates may decline as rising interest rates in the U.S. and
globally reduce investors' risk appetites
and dampen trading volume, Barron's said on Sunday.
A potential decline in returns from private equity, firms trading their own money, and trading mortgage-related debt may also cut into brokers' share prices, the article said.

With a recession almost a certainty in the US due to the crashing property market and oil prices it follows that trading in stocks will grind to a virtual halt also. This will lead to mass layoffs in the financial sector upon which London is dependent. The Great SM crash of 1987 was followed by Great Crash I. It seems that we are just about to see the SM repeat its 1987 perfomrnace again followed by the usual laying waste to speculative house prices.

A 2001 article:

http://www.finextra.com/fullstory.asp?id=1780

Schwab to cut one in five of UK workforce

Charles Schwab Europe is to cut its UK workforce by 20 per cent in response to declining stock market volumes and "fundamental changes" in the trading patterns of UK private investors.
The retrenchment will entail the loss of up to 180 jobs, reducing the UK headcount from its current total of 850 people. The cuts go deeper than in the US, where the brokerage recently announced plans to lose 3400 jobs, or 13% of the workforce.
Russ Shaw, senior vice president at Charles Schwab Europe, says: "These are very difficult decisions to make and everyone at Charles Schwab has worked hard to avoid the need for job cuts in the UK, but now we must respond to the continued stock market down turn and fundamental changes in the trading behaviour of British private investors."
Edited by Realistbear

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.

  • 302 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.