According to an analysis conducted by rating agency Standard & Poor’s, he public debt of the United Kingdom is approaching 100% of GDP. This situation might lead the agency to downgrade its investment rating of Great Britain. The loss of investment rating of “triple A”; would be a disaster for the Labor government led by [...]
Suppose that printing money will save the financial system from crash. Level of indebtedness remains high, consumption may not be reanimated and the inflation is at the starting line. In a good case, the global economy may have the route of Japanese economy after 1990. In bad, we expect a new crisis, faster than [...]
Banks go bankrupt, stock exchanges fall, and people lose their homes and jobs. There are many indirect effects that can make your life hard: inflation, a volatile exchange rate, growth rates on loans, rising prices and so on.
Look what you can do to get better with the crisis:
1. Do not dramatize. Don’t panic. Periods of crisis [...]
Don’t think that budgeting is something overly complicated – it’s just like a business plan without start and end. Here 5 steps that you can easily follow and you will no longer get to the end of the month with lots of loans, debts to all your friends and no money in your pocket.
1. [...]
