zaterdag 8 december 2018

The Twenty Trillion Bailout?




Nick O’Connor



Dear Reader,
 
We hear about the 2008 financial crisis so much it’s easy to forget what a huge impact it had on the UK economy.
 
But ten years later, the figures make painful reading:
 
£7.4 trillion in potential output…lost.
 
£50bn in hidden costs to the taxpayer…
 
16.2% drop in house prices…
 
The equivalent of a 38% drop in the FTSE 100…
 
And, at one point, UK banks owed the treasury as much as £1.162 trillion.
 
Now times those figures by three:
 
£22.2 trillion in lost growth…
 
£150 billion in hidden costs, taken from your taxes…
 
48% drop in the value of your property…
 
A bank bailout that reaches more than £3 trillion
 
That is what is on the horizon from what I believe could be the biggest crash in history. Three times worse than 2008…maybe four times worse.
 
How much would you lose if the FTSE fell by half? Or more than half?
 
Remember, the 2008 crash felt impossible…until it happened.
 
If you have any interest in preserving your financial future and that of your family…
 
 
Best,
 
Nick O’Connor
Publisher, Southbank Investment Research