Should Woolworths have been saved?
It’s a sad day indeed when a towering high street brand such as Woolworths goes into administration.
The problem was not a declining business model as much as the inability of the company to service its debts.
When the government has done everything it can to infuse a huge amount of money into UK banks, it remains [...]
Global Financial Crisis News
November 30, 2008 · Filed Under Financial Crisis · Comment
While I’ve been away from blogging, the world has seen something that can only be described as a Global Financial Crisis.
What began as a fall-out from sub-prime loans last year has spread like a disease through all aspects of the financial system:
1. Credit markets truly froze
2. Even banks could not get day-to-day funding
3. Stock markets [...]