Posts Tagged ‘double-dip’
Fools Gold?
A couple of days ago, the FTSE 100 index rose by about 2% and gold reached a new high. In addition, the economy shrank by only 0.3%, compared to the experts' predictions of 0.4% and the banks had a Supreme Court judgement in their favour. So why the continuing uneasy feeling? Next year, interest rates are going to rise and that means that borrowers, both corporate and personal will begin to have difficulty in repaying their loans. This means another wave of write-downs for the banking [...]










