Monitoring the Monetary System and the Flow of Capital for Forecasting the Business, Financial and Currency Cycle - and Investing in the Emerging Economies from the Euro Global Reserve Currency - on lucabindi.com
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British Banks Forecast Biggest Consumer Credit Collapse In 10 Years - Zerohedge
the latest survey from The Bank of England (BoE) suggests theBritish consumer is about to face the biggest credit crunch since the great financial crisis.
After repeated warnings from BoE about the surging pace of lending to households,British lenders are planning the biggest cutback in consumer loans in nearly 10 years(BoE's quarterly net balance of lenders' expectationsfor the availability of unsecured lending over the next three months fell to -28.6 from -16.2.)