In the previous chapters we touched on the media and politicians preoccupation with Hedge Funds and short selling being the cause of the UK woes. Can short selling truly, cause the downfall of a company? The straight answer is no. HBOS wasn't killed by short selling … it was killed by its investors trying to …
Gordon Brown's role In the previous parts we saw how Gordon Brown threw off the shackles that forced Banks to be prudent. Many saw this as essential to “The City”, for only under a system where there were no blocks to the movement of funds in or out could “The City” truly become competitive …
Where did the money come from? Before we can answer the question posed in the previous part, we need to recognise that the funds were largely the results of trading flows … those countries with exports exceeding imports have had a need to place the surplus flows in safe havens. In this regard the bulk …
Understanding the build up The 90's heralded the “The City” as the powerhouse of the UK economy and London became the leading Financial Centre in the world outside of New York. The tribulations of the early 90's had all but passed by 97 when Labour came into power. Gordon Brown was given a kick …
Where to now? Oh! It was the American sub-prime market that caused the collapse of Northern Rock and the start of the Credit Crunch, or so we were told. Oh how gullible we be … its all a matter of confidence, they say. Confidence in what I ask? …