Get this – to ensure that short-term credit markets remain open. The Bank of England, European Central Bank and Swiss National Bank have all said they will provided ‘whatever it takes’ to ensure that liquidity is restored to the markets.  What does this mean? Well, it means if you are looking for short-term cash at [...]

News just in, Europe leaders have just agreed to also follow Australia’s lead and guarantee new bank debt and once again, use taxpayers money to ensure that distressed lenders can remain profitable. Clearly, they had to do something to ensure that Europe markets remain sound and that the entire world does not slip into a [...]

The global financial system is on the brink of a meltdown and additional steps must be taken immediately by the richest nations to calm jittery bankers and investors, the International Monetary Fund warns. The IMF’s chief Economist has predicted that world stocks could slump another 20% before finally stabilising on if the worlds richest nations [...]

Yes, I would usually not use such a “scaremonger” title – but I think that these are really the only words that can describe Europes market performance so far today. It is indeed a very, “black” Friday. The FTSE has fallen by more than 8% today after the huge plunges witnessed in Australia and Asia. [...]