Congress has rejected the $700 Billion bail-out of the U.S. banking system. In a majority vote, it was decided that the package would be of little benefit to the American public and would simply line the pockets of fat cat bankers. Proposals to offer banks a reduced lifeline over a period of time, rather than [...]

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We have recently seen that the U.S. have put together an unprecidented 700 billion dollar bail out package for failed financial institutions caught out by the collapse of the subprime mortgage market. This involves the American tax payer effectively buying their own unpaid debts from their creditors. The move could help to re-establish stability in [...]

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Whether we like it or not, money is the oil that lubricates most aspects of our daily lives. Without it, many of us would simply not have another means of buying and selling. Thousands of years ago, people would have bartered and swapped items as they required them. Once money was introduced as a currency, [...]

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This week has seen the lowest number of mortgage applications being made in decades. The number has halved since this time last year, further compounding fears of a recession. It appears that first time buyers are either waiting for the house price crash before purchasing or are turning to rental instead. The number of buy-to-let [...]

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Credit card ownership has reached an all time high in the last decade. More people rely on plastic than ever before. Now the credit crunch has swept in it is much more difficult to obtain a credit card, but they still have their uses. Recently we saw a swathe of XL customers loosing hundreds or [...]

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Over the past few months, financial bodies have predicted that we are heading into a recession; but what actually does this mean? A recession is simply a down turn in the economy. Our economy in its simplest form is a flow of money, when times are good, money changes hands very quickly but when financial [...]

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The marketing of brand values has become extremely difficult in the current world climate. Brands known for high quality are being priced out of the market by cheaper, less well known alternatives. Some manufacturers have been squeezed into making their products more affordable to appeal to the volume retailers. This has often had consequences to [...]

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Consumerism is fuelled by the human desire to increase ones social standing by the ownership of material possessions.  The phrase “Keeping up with the Jones’s” is more prevalent than ever before, but as the credit crunch swings in, those who will ultimately survive are people who are able to remain largely self-sufficient and keep their [...]

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Complacency in business is dangerous. Since the closing of the 20th century, business in the west has started to stagnate as the developing world superpowers have prospered at an astonishing rate. Countries such as India and China have benefited from cheap labour and have produced consumer items which rival anything available from established manufacturers. Now, [...]

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Not since the 1920s has there been so much opportunity. As long established financial institutions fall in an almost domino fashion, there has never been a better time to invest. Share prices reach all-time low values allowing us mere mortals to become shareholders within the most revered institutions. Perhaps consider investing in an insolvency company. [...]

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