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You are here: Home / Archives for global credit crisis

September 20, 2008 by John Duncan

Credit Crisis Explained

From reports on TV and in the newspapers the world’s financial house of cards is said to be falling. But we all know that the more sensational the story the more newspapers and television programs will be watched. The world economy is not in the best shape at the moment mainly due to the credit crisis. How has this happened and how will it affect you?

The basis of what’s going on in the world economy stems from the credit crisis or credit crunch in the United States.  What is a credit crunch? Credit crunch simply means that the amount of money available from savers to be lent has decreased and the lenders are also asking more interest on the money they are going to lend. Why is it that this seems to be causing so many problems? [Read more…]

Filed Under: General Tagged With: credit crisis, gfc, global credit crisis

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Meet John Duncan

John Duncan - Financial Planner

Director for True Financial - John Duncan - Fee Only financial planner To receive the best financial planning advice you need the best financial planner. John Duncan is certainly in that category. John is a financial planner who is unique in not only his high level of knowledge and experience in financial planning but also in the amount of areas that John advises in. A Financial Planner with a strong Education background John is a Certified … Read More

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