J P Morgans acquisition of Bear Stearns at $2 a share may come as a surprise to many, But relief may be short lived.
Fed cut a further 3/4% in interest rates to help bolster the failing US financial world last night, but the Bank of England will struggle to follow suit in the UK after official figures yesterday showed inflation hit a nine-month high of 2.5 per cent. Soaring food and energy prices have forced inflation up over its 2 per cent target, and members of the Monetary Policy Committee fear it will rise further if rates are cut.
Gold is set for a massive fall in value after the rapid fall in demand from the asian markets.
Well folks, it looks like the only safe place for our money is in the property market/BTL's and then only as a long term investment, as even there the short term prospects look shaky to say the least.
Fed cut a further 3/4% in interest rates to help bolster the failing US financial world last night, but the Bank of England will struggle to follow suit in the UK after official figures yesterday showed inflation hit a nine-month high of 2.5 per cent. Soaring food and energy prices have forced inflation up over its 2 per cent target, and members of the Monetary Policy Committee fear it will rise further if rates are cut.
Gold is set for a massive fall in value after the rapid fall in demand from the asian markets.
Well folks, it looks like the only safe place for our money is in the property market/BTL's and then only as a long term investment, as even there the short term prospects look shaky to say the least.
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