Mark Price - Articles

 

Mark Price recommends Creditcrunchnews.org for daily updates of Credit Crunch news and articles on Credit Crunch Related issues, keeping you one step ahead of the Global Recession with articles on how it can affect you and how to avoid being hit too hard by financial strains to come.

What Is The Credit Crunch And How Does It Affect Me?

We’ve all heard the term Credit Crunch all over the news and media recently, but what does it actually mean and how will it affect you? In basic terms, the Credit Crunch is where there is a sudden reduction in the availability of Credit and loans and / or a tightening of conditions and lending criteria that is required to lend money from Banks and Financial Institutions. Read

By: Mark Price | 18/02/2009 | Finance

What Bought On The Credit Crunch And Who Is To Blame?

The Credit Crunch hasn’t just happened overnight, it’s the result of a long process of bad decisions made by Governments and Banks and Financial Institutions in particular, during the previous boom years. During the Boom Years, we saw a sustained period where Banks and Financial Institutions lent money carelessly and inappropriately to people and businesses who basically could not afford to repay them. Read

By: Mark Price | 18/02/2009 | Finance

Even Sports Affected By The Credit Crunch

Recent media reports have listed a host of disturbing occurrences in the world of international and even local sports that do not bode well, all a direct result of the credit crunch, with more revelations and upsets sure to follow. Read

By: Mark Price | 18/02/2009 | Finance

Electronics Giants Not Unscathed By The Credit Crunch

To all of us, depressed by the fallout in the global economy as a result of the credit crunch, news that even the major players are feeling the downturn can come as a little bit of a consolation. It’s somehow comforting to know that it’s not just the little guys who are hurting. Read

By: Mark Price | 18/02/2009 | Finance