• 29 Oct

    Economic Domino Effect

    Yesterday brought the news that Iceland is raising their banking base rate by a massive 6% to 18% as the IMF (International Monetary Fund) injects funds to rescue the country's economy. Other eastern European economies seem to be similarly struggling. Is it possible that we could see a domino effect if these weaker countries did start to collapse that would ripple across the globe?

    Everything depends on continued confidence and each "shock" rocks our confidence a little more.

    By Glenn Blackman

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