The downturn in the economy?

January 10, 2008

Oil prices are up.

Credit is at bursting point.

Governments are broke fighting in the middle east.

When is it going to ‘pop’?  We all know Northern Rock, after pretending to be calm has imploded into a disaster and used all it’s bank loan from the Bank of England and Government.

It’s an uncertain time, many are saying the economy is going down..ok sounds fine, it has to but it’s a vortex effect where value is wiped off shares and property very quickly.

Something has to give when banks irresponsibily lend money…and it’s giving…

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