November 22nd, 2007

Northern Rock Contagion, the Wheels are Coming Off

Buy-to-let lender Paragon Group, slumped 36% yesterday, plummeting for a second day, making the stock down 68% in the past month. Sub-prime fall out is spreading…


FACTS :

Every week 2,000 people go bust, triple the rate during 1991 recession.

Home affordability is at a historic low.

Brown’s supposedly successful stewardship of the economy was based on debt and mirrors.

The wheels are coming off the economy, Alan Greenspan himself, recently appointed by Gordon Brown as his economic adviser, says “Britain is more exposed than the United States.”




Toryspotting



Ben Wallace MP, Tory shadow spokesman for Scotland, says

“Scotland’s biggest Labour donor is in receipt of millions of pounds of Labour-controlled government funds. It’s back to the old Labour days: it’s not what you know, it’s who you know.”



-Gilts (Mar)
As of 26 Feb 2010
Flat – No Positions
As of 23 Feb 2010 +30.81%
-Gilts (Mar)
As of 19 Feb 2010 +20.13%

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