John Stepek is Deputy Editor of the UK-based financial weekly MoneyWeek. He is also the editor of daily investment email Money Morning UK. John graduated from Strathclyde University in 1996. He has worked for a number of financial magazines and newsletters including Families in Business, Shares Magazine and The Sunday Times.
House prices are falling more quickly than ever, according to the latest property survey.
The late Sir John Templeton always advised that you buy at the point of “maximum pessimism”. It sounds like great advice, but as Julian Marr points out in The Telegraph this morning, it’s actually not that helpful.
Looks like the market’s latest little bounce is petering out in the face of the overwhelmingly grim economic reality again.
How not to solve the financial crisis. The past really is sweeping back to haunt Gordon Brown. If you wrote the film script of his career, no one would believe it – it’s far too loaded with poetic justice to be true.
Why rents won’t rise enough to save buy-to-let landlords… Commercial property still has a long way to fall.
The reality is that regardless of how much money the US government pumps into Freddie and Fannie, the US financial system is in big trouble – and the sooner they face up to it, the better…
What goes up, must come down. It’s just a shame that, having stacked up a debt mountain of more than £1.4 trillion, we’ve got so far to fall.
Who’s to blame for the collapse of house prices? Now that the housing market is clearly collapsing, many of the pundits who said that soaring prices were perfectly justified, are now scrabbling to find reasons why the current slump is a unique, unforeseeable and entirely new phenomenon.
British consumers are running out of credit. Stock markets took a serious hammering yesterday. The FTSE 100 lost nearly 150 points to close at 5,518. Over in the US, the Dow Jones dived by more than 350 points, to close at 11,453. This morning, the Asian markets followed suit, with the Nikkei 225 sliding nearly 300 points to 13,544 points.