UK - Are we heading for a recession?
June 22nd, 2007 | by admin |
It’s coming so we all better get saving. I know it my seem wrong of me but I know when this happens there is going to be people out there that can’t afford their homes and thats where I will become rich.
CHEAP HOUSES - DEMAND FOR RENT
Recent headlines in the financial press have been focusing on an area of the financial world that rarely gets to see the light of day, let alone the front pages – the government bond market.
Although things have stabilised somewhat now, the yield on a 10-year gilt (UK government bond) last week hit a seven-year high of nearly 5.5%, while in the US, the yield on a 10-year Treasury (US government bond) also shot up.
As Henderson Global Investors put it, the drop in gilt prices (prices fall as yields rise), was “a significant correction for these normally stable investments”.