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Four years ago, fearful of a property crash, David and Maureen Somers sold their house and bought gold. It’s a tactic suddenly popular with those seeking a safe haven for their money.
As safe as houses. This piece of perceived wisdom no longer seems quite so wise as property prices fall and stocks stutter.
But there is [...]

The credit crunch has moved on from Wall Street to hit US consumers directly…
OVER THE LAST YEAR, the true extent of the real estate debacle and ensuing credit crisis in the United States has become blatantly obvious, writes Olivier Garret, CEO of Casey Research.
But now there is a new phenomenon rearing its ugly head: [...]

Last month in the build up to Christmas, retail sales steadily increased according to the Office for National Statistics as sales have jumped by 1.5 percent compared to 2007.
Recent surveys had revealed just how weak trading has been, though the volume of sales has increased by 0.3 percent in an unexpected boost for the high [...]

The UK pound weakened Wednesday on new data showing that consumer confidence has declined to its lowest in four years and that a key services index was down to 40.1, leaving the sector in contraction.
The pound was also hurt by a statement from Willem H. Buiter, a former member of the Bank of England’s Monetary [...]

The pound strengthened versus both the euro and the US dollar Monday even though Rightmove (LSE: RMV) reported that the average asking price for a house in the UK dropped 2.3 percent in December.
The online property search service said the new decline brings house prices to 10 percent below their peak in May and that [...]