So, is this a recession, then, or what?

Soothsayers and sleight-of-hand merchants, magicians and Victorian side-show owners. They’re as good a bet in understanding the current economic climate as anyone in the press.
I mean, what sort of misguided fool would proffer their opinion on this recession? Who’d be daft enough to stick their head above the parapet?
Er… me. I can’t help it. So, [...]

Credit Crunch- back to the good old days

Yesterday, Hector Sants, Chief Executive of the Financial Services Authority, warned that banks will have to change the way they do business.
For finance fans, he specifically said that banks will have to keep more of their loans on their own books rather than selling them on- which was one of the causes of the credit [...]