Discussing Global Credit Crunch

HSBC have today reported their results with a 13% increase in profit, not bad for considering the issues that currently exist in the US housing market. Following my recent purchase of RBS and subsequent drop in price since, I’m hoping the Royal Bank’s results will help support its share price.

The FT are reporting that housing in the UK and Denmark is most susceptible to a fall given the trend of increasing interest rates that is sweeping throughout the world. Interestingly, France tops the list with the US in 9th place.

The telegraph documents threats to our economy and how most of them are of our own making. The article also discusses amongst other things the recent floods and how they may impact on inflation via increases in food prices

In the Times, Anatole Kaletsky says the current stock market problems will eventually clear the way for a new bull run by removing the excess liquidity that is in the system.

The guardian has an interesting article suming up the warning signs that were pointing to the latest drop we have experienced. It goes on to talk about China, India and Russia comparing their economies, which are growing strong, with our own that is currently faltering.