How savers are unwittingly becoming investors
The way people save has undergone a fundamental shift, but not a lot of people have noticed the change.
Traditionally, people would put their savings away into a savings account, generally a higher interest account, with the highest rate accounts offering higher returns the less you touched your money (ie, notice accounts).
Those people with a lot [...]
Why the Bank of England rate cut is wrong
This week’s move by the Bank of England to cut the interest rate to an all time low of 1% is a bad move for all of us, especially those trying to save money.
It is an unfortunate double whammy, because while the tax payer is subsidising the banking system via RBS and Lloyds especially though [...]
Global Financial Crisis News
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 [...]