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Genesis of the Subprime Crisis
Driven by climbing oil and food prices in the world markets in 2006, the inflation rates started climbing. At the same time, with the sliding of property prices on account of oversupply of built-up homes, the cost of the mortgage loans (most of which were adjustable rate loans) shot up for most borrowers. As a result, the loan to rental value ratio began increasing considerably.
UK Economic History And Its Influence On Property MarketTo understand the financial situation in our country today we must get familiar with our history. According to many statistics, in 2008 England experienced her eighth recession since the Second World War.
Ye of Little FaithBailouts make us all nervous, and for good reason. But the series of events over the last few months should give us pause. Our economy and system of governance is sound.
It’s All About the MoneyIn this economy, money is more important than ever. As unemployment is at an all-time high and rapidly increasing, many of our visitors and members have admitted that someone’s income and assets are becoming higher on the priority list.
Globalization Of TaxationThe globalization of the worlds economy and the adverse affect it has had on tax revenue. How the free trade agreements are not working out as planned.