Countdown to Fina...
Follow
Find tag "crunch"
18.1K views | +0 today
Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
Your new post is loading...
Your new post is loading...
Scooped by Nick Laight
Scoop.it!

UK banks worst hit by looming credit squeeze

UK banks worst hit by looming credit squeeze | Countdown to Financial Armageddon | Scoop.it

The early stages of the looming credit crunch hit Britain even harder than struggling European countries, figures from the Bank for International
Settlements (BIS) show.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

British banks could ask taxpayers for more cash as Credit Crunch Part Deux arrives

British banks could ask taxpayers for more cash as Credit Crunch Part Deux arrives | Countdown to Financial Armageddon | Scoop.it

Sir Mervyn King, the Bank's Governor, confirmed that there are "signs of a credit crunch already in the euro area". Banks have been ordered to slash bonuses to staff and payments to shareholders to get their houses in order as a second credit crunch bears down on the
country.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

What caused the financial crisis? The Big Lie goes viral.

What caused the financial crisis? The Big Lie goes viral. | Countdown to Financial Armageddon | Scoop.it

Rather than admit the error of their ways, those who helped cause the financial crisis are engaged in an active campaign to rewrite history.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

"The money ran out in June and what you are seeing now is the beginning of a new credit crunch, except this time it will be truly global, not Western,"

"The money ran out in June and what you are seeing now is the beginning of a new credit crunch, except this time it will be truly global, not Western," | Countdown to Financial Armageddon | Scoop.it

The global financial system is on the edge of a new credit crunch as the cost of insuring the bonds of banks across the world hits new highs, analysts
have said.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Is that the best they could do? Global Bank Action Sees Short-Lived Rally In Stocks

Is that the best they could do? Global Bank Action Sees Short-Lived Rally In Stocks | Countdown to Financial Armageddon | Scoop.it

European markets have been trading flat on Thursday, after a brief but dramatic rally on Wednesday as the world's central banks took coordinated action to head off a fresh credit crunch.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Sir Mervyn King: Britain on the brink of second credit crunch

Sir Mervyn King: Britain on the brink of second credit crunch | Countdown to Financial Armageddon | Scoop.it

Britain is on the brink of a second credit crunch, the Bank of England warned
as it slashed its growth forecasts for the economy and raised the prospect
of a double-dip recession.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Watch this BBC interview to see IMF advisor Predict GLOBAL BANKING MELTDOWN

Dr. Robert Shapiro who advised Presidents Clinton and Obama and who currently advises the IMF predicts possible banking meltdown within the next few weeks!

more...
No comment yet.