It was almost exactly 6 years ago that the first signs of the GFC began to show. Six years later, its malign effects have still not been dissipated. In the US, output has only just exceeded the level reached in 2007, and total employment has still not reached previous highs. In Europe, even though the pan-European economy has turned up at last, things are far worse. Output is still far below the previous peaks (except for Germany and one or two others), and unemployment remains very high. The natural question is whether another financial crisis of this magnitude and ferocity will occur again. And the answer is surely yes, but not for many, many years. Why?
See SIRA Groups David Bannister discussing FOFA Under the Coalition Government on the ‘No More Practice’ website for their Reality Check newsletter. David discusses how financial planners & advisers could get caught out if they think they can wait for the Coalition changes rather than comply with the current regulations:
See SIRA Groups David Bannister discussing Managed Discretionary Accounts on the ‘No More Practice’ website for their Reality Check newsletter. David discusses how MDAs can provide you and your business with a competitive advantage:
“Billions wiped off share values! Market meltdown! Shares in freefall!” Well, drama sells newspapers and brings in viewers but we’d like to know where they were when the stock markets rose 30% over the last year! After all, the US share market is back where it was just 2 months ago, while Europe, the UK and Australia are back at levels last seen in January.
See SIRA Groups David Bannister discussing accountants licensing on the ‘No More Practice’ website for their Reality Check newsletter. David compares the main 3 options for accountants looking to continue advising clients in relation to self managed superannuation funds from July 1 2013:
