This week a friend asked me an unusual question: “How do I start investing?”
To be clear, this is an unusual question for him and not for me. I have been asked that a lot, but never by this friend. And even more surprisingly, the market isn’t exactly ‘white hot’ right now. Most of the general [...]
The CNN story here
shows just what a mess the banking sector is in. The sad thing is that the list of 250 banks ‘in trouble’ is only in the USA. When I clicked on the link, I was rather hoping that it was a global list. Perhaps it was less hope and more blind optimism. [...]
Despite the credit crunch or crisis – depending upon your lexicon – politicians around the world have been clinging to anything positive and trying to avoid the word “recession” in any form.
Those brave souls that do use the word recession are playing it down in the hope that it will only last a few weeks. [...]