Author: Nicholas Say

Nicholas is an experienced Finance Journalist who has written for a number of prominent online publications. He grew up in Ann Arbor, Michigan with a father that would read him the Wall St. Journal along side of other bed-time fare. He has traveled extensively, and been lucky enough to study a changing global economy in person. Nicholas spent many years in the Southern Cone of South America, sometimes in the middle of the countryside where livestock starts its journey to all points of the globe. Today he is thoroughly bemused with the stance that Central Banks have taken in the wake of the 2008 meltdown. There is no telling what will come out of the global financial system next, but he is glad that he lives somewhere that gold can be bought and sold readily! nick@moneycheck.com

The last decade has been rough for savers. Savings rates have been pegged at a near-zero level, which has made the market difficult for fixed income investors. It all goes back to the crash in 2008, and the decisions that central banks made to bail-out the financial system with astronomical amounts of new money. Now it looks like some big dividends could be coming, but is this the right time to invest? Read: The Great Recession: What Caused the 2008 Financial Crisis? History lessons aside, the same cheap money that saved banks also helped massive corporations to grow. According to…

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Bank of England (BoE) governor Mark Carney attended a meeting of PM May’s cabinet that was aimed at dealing with the realities of Brexit. While some claim the purpose of the meeting was to show Brussels that the UK is ready to accept a ‘no deal’ scenario, Mark Carney and chancellor Philip Hammond used their time at the meeting to deliver a series of “chilling” warnings about their view of what a ‘hard Brexit’ would mean for the UK. Mark Carney didn’t hesitate to invoke the ghost of 2008, saying that a no deal scenario could create a recession, which…

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It is a good thing the UK Government is planning to introduce the pensions cold-calling ban, because there seems to be no shortage of scammers who are out for your money. While many debate how effective a ban on cold-calling will be for pensioners, you need to be aware of people who are calling you offering help, but are really just looking to scam you. Being a Scammer doesn’t cost much, so even one or two successful thefts a month make their time invested payoff. Whenever anyone calls you about your pension, house, or anything concerning your financial life, you…

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Last month the Bank of England (BoE) raised rates for the first time since the global crisis in 2008/9. While the BoE chose to hike by only 25 basis points, some commentators feel that they could be embarking on the first tightening cycle in a decade. After the decision to raise was announced, BoE Head Mark Carney described a somewhat rosy economic picture that could allow Threadneedle Street to keep on pumping up interest rates. For UK borrowers with variable rate mortgages, the notion that rates are headed higher is cause for concern. Mortgage interest rates will follow the BoE’s…

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There has been a lot of information in the media about how Brexit may cause problems for UK consumers. At the moment lorries from the EU can move freely from the continent to the UK. Around 50,000 tonnes of food is imported from the EU every day. Many of the items are perishable, which has given rise to fears of fruit and vegetable rationing, or even shortages. The chief executive of Greencore, Patrick Coveney, went on the record last week about the problems that his industry is facing. “The one thing for sure that will create dramatic and immediate political…

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