"All we need now is for banks to open their purse strings a little by little and confidence will return."
I hate to blow your confidence, however it is going to take a little more than that to improve things.
Just on the weekend, it was revealed that the UK banks have not been all to honest and/or open in their disclosures in regard to bad debts.
I strongly suspect that the UK banks and others are not being honest or completely open because were they to do so, their share prices would be thumped.
I note that Barklay's share price was hit big time last week.
OECD Index.....remember that. Take a look at the OECD's recent index and you will get a better idea of what we all face. _______________________________________________________
THE ABOVE IS NOT FINANCIAL ADVICE AND NOT DESIGNED TO BAIT, TROLL, FLAME, CREATE AN ARGUMENT OR OTHERWISE CAUSE OFFENCE TO ANY PERSON WHO SO-EVER IS ENTITLED TO DISAGREE WITH MY OPINION AS STATED IN THE ABOVE TEXT
