Part 2 of 3: Newsnight looks at the days falling Markets and its impact on the Global Economy.
(contd. from Part 1) Report by Jackie Long on the impact in Britain and the volatile Mortgage Market. Including overviews on mortgage costs, liquidity and Credit Cards, Mortgage lenders and the Banking Sector. Interview with Claire Francis (moneysupermarket.com), on the effects on Credit Cards.
Concluding Panel Discussion by Jeremy Paxman with Lord Lawson (Chancellor of the Exchequer 1983-89), Dr. Irwin Stelzer (Fellow, Hudson Institute) and Gerry Hoffman (Visiting Prof., Cardiff Business School), including topics such as essing the situation and determining if this is the worst recession since WWII. (continued in Part 3).
* At one Point (6:20) Dr. Stelzer remarks that the media coverage does not help by highlighting the negative without pointing-out the positive developments, such as that the US Markets recovered slightly by the end of the day. But in Part 1 (5:40) the Report does make a point of this.
Il corpo nostro e sottoposto al cielo, e lo cielo e sottoposto allo spirito.
Duration : 0:10:46
[youtube Q3-CpVzvPLg]
ive always had …
ive always had nothing so this bullshit dont affect me.
The problems are …
The problems are not going to be as bad. You will see, many people are going to take advantage of the subprime market downfall. If you have liquid and reserved money this is the moment to aquire more houses and rent them, a couple years later those houses price will pick up and things will get better for those that maintained their cool in such times.