I’m sure you will all agree this lat year has been the most traumatic for our global money markets, culminating in the last month with all major developed governments bailing out the financial markets in the hope of averting a global depression; not just a recession a deep depression.
One of the commentators I have been listening to closely has been the BBC’s Robert Peston for frank clear and concise opinion. In these unprecedented times its very important to gather opinion. For people reading my blog who are looking for deeper analysis on this economic crisis or are perhaps concerned about the strength of our banks and or your savings Robert Peastons blog is a good place to start.
Today I am pleased to confirm that the Markets have responded favourably to the rescue plan with shares Beginning to climb. Now lets see if the inter bank money markets start to work again and lending commence.