May 09
6
The Global Economy: Not Quite Gone To Hell In A Handcart
Interesting interview with Robin Bew of the Economist Intelligence Unit on cantosTV.
Bew sees some signs of improvement and reckons we may be close to the bottom, a sentiment that echoes a lot of the recent commentary on the housing market.
Oh, but hang on (cough) - I’m feeling a little feverish. Could that be swine flu? And if so, will it return us all to the Middle Ages? Click play to find out …
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I think now is definately the right time to invest may be not in new property but resales are definately where the money can be made, if the property market picks back up it will restore confidence back into the economy and hopefully encourage the banks to sensibly lend and put money back into flow. This is great news for people selling or with a mortgage and also for those people looking for investments which are lacking in stocks and shares and with low interest rates for savers this is the best investment opportunity at the minute.