Well a new year has started with doom and gloom surrounding the economy and the financial markets. Barack Obama has just been inaugurated as president of the United States, providing new hope, but the markets aren’t responding. It feels different, more serious, compared to previous economic downturns. My job, at the centre of the turmoil at the FSA is, paradoxically, probably as safe as you can get.
So with prices going down and the lowest ever interest rates I am not personally affected yet. Indeed perhaps opportunities will reveal themselves in the housing market? Perhaps useful for the kids as the approach the time when they want to get on the housing ladder?
Anyway – I think the recession has a long way to go yet.