On Tuesday I wrote that homeownership could be the worst financial move a new buyer ever makes. I also argued that investing in shares, the right shares, mind you is a good way to protect and grow your wealth right now.
It was the biggest one-day fall since the collapse of Bear Stearns in March. Yesterday the FTSE 100 tumbled 2.6%. It’s hardly surprising. There was a lot of bad news flying about.
I’ve a bone to pick with Nationwide. Two bones, actually. Firstly, there’s the TV adverts. The ones with Mark Benton as the Bad Bank Manager, “hoiking” people in with low introductory rates. They’re bloody awful!
Best put the kettle on. Because after today’s edition, you’ll probably want a nice cup of tea…
You’d be amazed at some of the things investors overlook. If you invest in gold — or any other metal — there’s one you thing you should NEVER overlook.
Crude oil futures on Nymex are up above $136 a barrel. But oil may be due a drop soon, says Ben Traynor in The Fleet Street Letter, and if they do, you better know how to protect your portfolio.
Oil, it seems, hits a new record high practically every week. And it’s got western politicians chewing the bedclothes.
“Frankly ridiculous” was the Goldman Sachs assessment. Bizarre!” said Sir Philip Green.
A new report by Paris-based economic think tank the OECD warns of a severe house price crash in the UK.
The report predicts that UK house prices will crash by 10% by 2010 and that, with consumer spending slowing, the Bank of England will eventually need to cut interest rates by three-quarters of a percentage point to 4.25% next year.
Ben Traynor in The Daily Reckoning explains how a house price crash in the UK will affect the country’s economy…
Despite Ben Bernanke’s assertion yesterday at Harvard University that the US economy is not returning to the stagflation of the 1970s, slower growth and rising inflation have many wondering what is a good investment during stagflation should the Fed chief’s bravado prove to be wrong.
Bill Bonner says it took Paul Volcker’s leadership, along with a crippling recession, to end stagflation in the 1970s:
