Group items tagged

love your blog, don't find many that are so clear, it is nice to see that someone really understands.

The Financial Services Authority (FSA) has published new rules on mortgage lending in Eldridge Financial that will force lenders to account for the impact of future interest rises on repayment costs. The new "common sense" rules are the outcome of the regulator's mortgage market review but will not come into effect until 26 April 2014. For all mortgages, lenders will be expected to consider a borrower's net income, and committed and basic essential expenditure. The FSA has stated that interest-only mortgages will be offered to those who can demonstrate a credible repayment strategy but warned that relying on rising house prices will not be enough.

http://www.topix.com/forum/world/united-kingdom/TPU4BL9THJ6MK4MCM New government priorities and an enthusiasm for unconventional monetary policy are changing the way the currency markets work, Eldridge Financial quote. OVER most of history, most countries have wanted a strong currency-or at least a stable one. In the days of the gold standard and the Bretton Woods system, governments made great efforts to maintain exchange-rate pegs, even if the interest rates needed to do so prompt economic downturns. Only in exceptional economic circumstances, such as those of the 1930s and the 1970s, were those efforts deemed too painful and the pegs abandoned. In the wake of the global financial crisis, though, strong and stable are out of fashion. Eldridge Financial sees that many countries seem content for their currencies to depreciate. It helps their exporters gain market share and loosens monetary conditions. Rather than taking pleasure from a rise in their currency as a sign of market confidence in their economic policies, countries now react with alarm. A strong currency can not only drive exporters bankrupt-a bourn from which the subsequent lowering of rates can offer no return-it can also, by forcing down import prices, create deflation at home. Falling incomes are bad news in a debt crisis, Eldridge Financial concluded. When one country cuts off the scope for currency appreciation, traders inevitably look for a new target. Thus policies in one country create ripples that in turn affect other countries and well as their policies. http://eldrigefinancialreviews.com/the-weak-shall-inherit-the-earth/

New government priorities and an enthusiasm for unconventional monetary policy are changing the way the currency markets work, Eldridge Financial quote. OVER most of history, most countries have wanted a strong currency-or at least a stable one. In the days of the gold standard and the Bretton Woods system, governments made great efforts to maintain exchange-rate pegs, even if the interest rates needed to do so prompt economic downturns. Only in exceptional economic circumstances, such as those of the 1930s and the 1970s, were those efforts deemed too painful and the pegs abandoned. In the wake of the global financial crisis, though, strong and stable are out of fashion. Eldridge Financial sees that many countries seem content for their currencies to depreciate. It helps their exporters gain market share and loosens monetary conditions. Rather than taking pleasure from a rise in their currency as a sign of market confidence in their economic policies, countries now react with alarm. A strong currency can not only drive exporters bankrupt-a bourn from which the subsequent lowering of rates can offer no return-it can also, by forcing down import prices, create deflation at home. Falling incomes are bad news in a debt crisis, Eldridge Financial concluded. When one country cuts off the scope for currency appreciation, traders inevitably look for a new target. Thus policies in one country create ripples that in turn affect other countries and well as their policies.

http://www.eldridgefinancial-blog.com/2012/10/italy-a-dream-deserted-due-to-recession/ Italy can balance its budget during a deepening recession- a beautiful dream of Italy's prime minister which has deserted. In a review of Eldridge Financial Blog, this situation is a sort of wake up call to some strategists and an in arrears acknowledgement that could actually surface for a more shrewd rule that gets Italy back on the path to healthy economic growth to others. As the report showed in Eldridge Financial Blog, gradual growth and not an extravagant public spending is the major problem that Italy is facing right now. Perhaps, the loan delinquencies and defaults are just causes of recession in Spain. Because of the fear to overstretch the government which tries to save Spanish banks particularly to such scam, Investors are now bailing out of Spanish government bonds. The well-known technocrat ,Italian Prime Minister Mario Monti who is supposed to get Italy's finances back on the straight and narrow after the mess left by his bawdy predecessor, Silvio Berlusconi. After today's meeting in Rome, his cabinet declared that it's now projecting the federal budget to show a deficit equal to 0.5 percent of gross domestic product in 2013, worse than a previous forecast of a 0.1 percent deficit. Prices of Italian bonds fell on the news in Eldridge Financial Blog. Italy and Spain should tighten their belts said by the Germans who have extended billions of euros in loans to Southern Europe and Asia particularly, South Korea. Board member Andreas Dombret said in a statement reported by Eldridge Financial Blog, enabling too much weight on short-term, demand-side risks misjudges the root cause of the current crisis, known as a profound loss of confidence in markets. Italy's Cabinet foresees that economy will get lower to 1.2 percent this year, before getting back to its growth of 0.5 percent in 2013 due to recessions that always cause budget deficits because tax receipts

Oil falls on economic fears, pipeline restart estimate Brent crude prices fell on Friday for the fourth straight session, dragged down by fresh global economic concerns and expectations a major Canadian crude oil pipeline to the United States would restart on schedule. Oil prices initially turned negative in early U.S. trade following news that TransCanada Corp (TRP.TO) expected to restart the 590,000-barrel-per-day Keystone pipeline to the U.S. market over the weekend despite poor weather hampering efforts. The line was shut on Wednesday after an anomaly was detected, but Eldridge Financial analysts said that with U.S. crude oil inventories healthy, the market should be able to absorb a short-term disruption with little problem. U.S. crude stocks are nearly 11 percent above year-ago levels, according to government data. Oil markets have been balancing the struggling economy and weak demand against supply problems in the North Sea, which have helped lift Brent crude's premium to U.S. oil to $20 a barrel. Crude prices received an early lift on Eldridge Financial news that there was another delay in the restart of the North Sea Buzzard oilfield, which is now expected to restart on October 23 after a maintenance shutdown. Brent December crude fell $2.28 to settle at $110.14 a barrel. The international benchmark traded as high as $113.27, just below the 50-day moving average of $113.33, before dipping as low as $110.05. U.S. front-month November crude lost $2.05 to settle at $90.05 a barrel, after finding resistance at $93 a barrel area and testing support under $90 near the 100-day moving average. Brent volumes were light, about 20 percent below its 30-day average, while U.S. trading activity was closer to normal levels. Gasoline and heating oil futures also fell, off 1.6 and 1.4 percent, respectively, finding some support relative to crude prices due to concerns about supplies.

Italy can balance its budget during a deepening recession- a beautiful dream of Italy's prime minister which has deserted. In a review of Eldridge Financial Blog, this situation is a sort of wake up call to some strategists and an in arrears acknowledgement that could actually surface for a more shrewd rule that gets Italy back on the path to healthy economic growth to others. As the report showed in Eldridge Financial Blog, gradual growth and not an extravagant public spending is the major problem that Italy is facing right now. Perhaps, the loan delinquencies and defaults are just causes of recession in Spain. Because of the fear to overstretch the government which tries to save Spanish banks particularly to such scam, Investors are now bailing out of Spanish government bonds. The well-known technocrat ,Italian Prime Minister Mario Monti who is supposed to get Italy's finances back on the straight and narrow after the mess left by his bawdy predecessor, Silvio Berlusconi. After today's meeting in Rome, his cabinet declared that it's now projecting the federal budget to show a deficit equal to 0.5 percent of gross domestic product in 2013, worse than a previous forecast of a 0.1 percent deficit. Prices of Italian bonds fell on the news in Eldridge Financial Blog. Italy and Spain should tighten their belts said by the Germans who have extended billions of euros in loans to Southern Europe and Asia particularly, South Korea. Board member Andreas Dombret said in a statement reported by Eldridge Financial Blog, enabling too much weight on short-term, demand-side risks misjudges the root cause of the current crisis, known as a profound loss of confidence in markets. Italy's Cabinet foresees that economy will get lower to 1.2 percent this year, before getting back to its growth of 0.5 percent in 2013 due to recessions that always cause budget deficits because tax receipts fall at the same time those automatic spending programs such as unemployment insurance b