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The central banks again defer the inevitable which will only make the time of reckoning more painful. The US interest rate cut of 50 basis points has brought temporary respite to the markets, but only enough to stop the hemorrhaging.
Inflation fears end rally, sending stocks down
Although less brokers will be jumping this Autumn; […]

Borrowers unable to afford trailer park mortgages 4,000 miles away begin the butterfly effect that soon escalates into the first UK bank run in the modern-day credit collapse. As soon as confidence is lost in a financial institution you are witnessing first-hand how quickly customers can bring it to its knees. Billions have been […]

LONDON (Reuters) - The problems facing embattled bank Northern Rock show that international banking regulations need improvement, Chancellor Alistair Darling said on Sunday.
Darling, speaking on Sky TV, said he had discussed the issue with other finance ministers last week and that discussions should continue later this year in order to bolster regulations and make […]