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It appears that this week is going to be very significant for the future of the European and world economy. The stakes could scarcely be higher, with daily developments proving to be very interesting but frankly also quite scary. The … Continue reading
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House sales data
More new house sales data Just a brief entry to provide some new data re house sales. In the last month (before the momentous events now happening in macro financial and public disorder terms) the average number of properties sold … Continue reading
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Repossessions could get scary
Threat of repossessions – very real According to Richard Banks, chief executive of UK Asset Resolution (Ukar), which manages many thousands of mortgages in the currently nationalized lenders Bradford & Bingley and Northern Rock, as a country, we should be … Continue reading
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New figures from the research firm Credit Confidential show that British people, in addition to deteriorating conditions and affordability in household incomes and prices, are finding it increasingly hard to obtain credit. Credit confidential runs an index, and based on … Continue reading