This is very Nasty -Sub-prime financial melt down

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ray_a

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Joined: Fri Jun 01, 2007 7:24 am
Location: United Kingdom
Post by ray_a » Mon Aug 20, 2007 1:12 pm
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If you have time try and have a look at the comment section of today's Telegraph by Bernard Connolly

It really is frightening and I think we are for in a horrendous time.

The worry I have for those in debt managemment and IVA's are:-

1. Can income levels be maintained if we enter a serious economic recession.

2. Will interest rates rise for those who have credit problems.

Sorry but we need to watch the situation carefully.

Ray
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