Robin Lustig of Radio 4′s “World tonight” has written about the current financial crisis in his latest news letter. So if like me you are trying to sell a house and wondering why no one appears to want to buy it here’s why.
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Financial crisis what crisis ?Robin Lustig of Radio 4′s “World tonight” has written about the current financial crisis in his latest news letter. So if like me you are trying to sell a house and wondering why no one appears to want to buy it here’s why. 3 comments to Financial crisis what crisis ? |
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Speaking as a non-homeowner, I was pretty much shafted by the housing market years ago, as house price hyperinflation made it impossible for me to get on the property ladder.
House prices are coming down now, but easy credit is drying up, so I’m still shafted. Ho hum.
I think the whole stock market, finance market, cattle market cycle is like some Big Brother trick.
Like in 1984 where everyone is preoccupied with some war that is supposedly being fought…
I see the financial markets as another way of confusing and controlling the masses.
Maybe I am paranoid. If so, nothing new there, but I don’t trust those higher echilons one bit.
Is all distraction stuff to keep us being good little consumers and not bothering to fight for any rights any more.
Okay, let me explain the financial crisis for those of you who aren’t up on stock markets and whatnot.
The current crisis was prompted by the collapse of the investment bank Bear Grylls, due to a heavy burden of sub-prime debt, exposure to a falling housing market, and drinking the water out of an elephant poo.
The chairman of Bear Grylls said, “This has been the result of a highly challenging fiscal environment. Not only is the housing market collapsing, but we are also seeing high increases in commodity prices, and on top of that we have had to parachute out of a helicopter into the Venezuelan jungle.”
However, critics of the bank accuse it of not having been responsible with its lending. They point to the high number of loans they gave out to borrowers with poor credit histories, and the fact that biting the head off a live snake is just gross.
Bear Grylls have been taken over by a rival bank, Ray Mears. They intend to restructure their network of operations, change their focus to more safe investments, bring in new talent at boardroom level and then build a shelter out of pine logs and using their shoelaces to trap and kill a rabbit.