Mortgage rates continue up
The BBC reports a disturbing trend of mortgage providers raising their rates. Just to prove I was right about the recession.
This is especially disturbing because the Nationwide originally offered the most competitive rates on the market, as if using its competitive position over the weakened HBOS and Lloyds to claim a larger share of the [...]
No, the recession is not nearly over
A lot of interesting stories coming up today, showing the continuing turmoil in the financial world.
First up, Edmund Conway claims the recession is over, which is about as optimistic as you can get.
Much of this unfounded optimism seems focused on the fact that the property market has seen a positive bounce over this spring – [...]