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We’re not all doomed

According to the media in Britain this week, it’s all
doom and gloom in the financial markets.

Unemployment numbers up,
inflation rising, house prices tanking, the euro sliding and oil and gold
prices sunk.  The press are even forecasting that China and India’s economic
boom is over and the whole world is slipping into recession.

Woe is
us.

It’s all claptrap media scare stories of course.  We’re not all
doomed and, between all the morose media musings, I found two reports yesterday
that intrigued me more.

First was a report from the Federal Reserve titled: “The July 2008 Senior Loan Officer
Opinion Survey on Bank Lending Practices”.

Aha, I thought, this
would be interesting. And it is.

Read
more …

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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