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What could happen next...
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Where's the asteroid heading to Earth and Bruce Willis coming to the rescue scenario?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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I fancy the 6th scenario. The Guardian don't mention it, but it's entirely conceivable that George Clooney will meet me, transfer all his icelandic assets to my ING account within 2 hours, and then Shergar will win the 2009 Grand National. You heard it here first.0
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my choice plus the bruce willis one, wasnt liv tyler in that :j2. Five years of gloom
U-shaped recession
Banks remain reluctant to lend as a harsh new regulatory regime bites. Lenders focus on only the safest loans to the best risks. Interest rates fall to 2.5% by the summer but banks do not pass the lower rate on to borrowers in order to rebuild profits and capital bases. Some banks require further capital injections. Policymakers run out of ideas. China's growth slows, inflation remains and unemployment hits 3 million. The FTSE-100 is stuck at 3300-3800. Repossessions rise and properties lose 40% of their value. Numerous company failures, but after five years, the first green shoots of recovery start to appear.
Real 4th option is a series of false rallys due to long term loss of confidence before investors finally commit money maybe due to no longer accruing a reasonable interest rate elsewhere
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