The complete meltdown in the financial markets is a shift of power moving from the west to the east. The east has the money and the resources, whilst the west has got used to having them, and no longer has them. Economies in recession, deflation on the horizon, rapidly rising unemployment, and a plunging housing market, there really is no good news on the UK economy.
So what next?
As i have always said, this downturn will be good for some, and terrible for others. It will be good for those in cash and not overly exposed, but for those who have large financial exposure, in a deflationary environment when consumers are not spending this could mean bad news. Margins will squeeze, and the ones that survive will be those that manage their financial obligations. I think it is gonna get a lot uglier, have you a plan of action???
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