The World Economy

As a qualified Financial Adviser the problems arisng around the globe can be firmly planted on  the doorstep of the banks, their initial lack of constraint in lending to all and sundrie, and now their inability to lend whatsoever. After the failure of  initiatives Q.E 1&2to ignite the econmoy due to the banks poor lending record of late. The banks are happy to sit on vast amounts of  low interest cash, and charge everyone else a kingsa ransom in interest, this is all well and good as a child could make money at the moment.

However as the cogs of the economic world grind to halt the fact of the matter is we are now facing the genuine possibility Q.E 3, yet again more money will go a wash in the banks reserves producing excellent bank sheets for all concerned. Yet still the banks will not lend to businessess who so desperately need the capital to continue, no one will buy new cars, houses, washing machines, televisions, etc. We are a consumer society the sooner the banks realise this the better, or we might see an end to what we have now.