wordpress hit counter
  • Bookmark this page

The Best Guide for the EN9 Area

EN9 news, reviews and local events in EN9 areas including Waltham Abbey, Nazeing, and communities in EN9.

Calendar of
Upcoming Events
Finance Confidential

Business Reviews

"High quality, imaginative and useful baby gifts"
"You can't go wrong here!"
"Fantastic family day out"
"Reliable, trustworthy and reasonable prices!!"
"Full of energy, fun and educational, fantastic."


"I love the AboutMyArea website, I look at it every few days. Really useful to find local information all in one place, so I don't need to search anywhere else."
- Debbie Towns, Waltham Abbey Resident

Easy Access

Pondering Number 4

Author: Paul Violet Published: 7th July 2010 13:31

 Ponderings No 4

A Beginners Guide.....

Permanent Disclaimer:   Nothing mentioned in these articles should be taken as advice or recommendation. Information and personal thoughts only are provided.  However should you decide to act upon any of this information, you should first seek professional advice.  We can arrange such advice for you if required.


Before giving our business a blatant plug, I have been pondering the current state of the financial markets.   The (admittedly very simplistic) answer is:  Stalemate!

The government are urging the banks to lend.  The banks now admit that they are reluctant to lend because the financial future and their reserve requirements are uncertain.      Stalemate!

Interest rates must remain low, thus pension and savings rates must remain low too.  Those who have a pension pot or savings are making little or nothing, and will do so until rates rise.    Stalemate!

We can't afford the massive public sector salary costs, so many jobs must go.  More people claiming unemployment benefit, so the costs to the public purse go up.  Stalemate!

These are not political statements, but just an observation of the extremely difficult position we're in.  Is there an answer?   Certainly not a simple one, and certainly not a painless one either.  We will all feel the pinch as there is no choice!    But now to the blatant plug!

Have you sorted out your financial future as best you can?    We're apparently all one of three animal types!

We know we should sort things out, but can't be doing with it.  (Ostrich)

We will do something but don't know what's best, so will do what everyone else is doing.  (Sheep)

We know that if we hunt around we'll make a killing, and have a feast.  (Big Cat)

It's probably no surprise to learn that if you're an ostrich or sheep, you're in the vast majority.  Any Big Cats should give us a call!

And now an irrelevant fact:-   One of China's big four banks is the Agricultural Bank of China.  It has 320 million customers.  That's more than the entire population of the USA, and it's only ONE of the big 4!   

Pondering Paul









Bookmark and Share

Report this article as inappropriate


You need to log in before you can do that! It's only a quick registration process to join the AMA network and completely free.

Sign in or join now to post a comment
Find a Local Business Get the EN9 Newsletter!
Back to Top
© Copyright 2005-2021 AboutMyArea

AboutMyArea Privacy Policy

EN9: EN9 Home | News | Community | Classifieds | Business Directory | Family Zone | Business Zone | Health | Lifestyle | Paul's Ponderings | Our Services | WATP | WAT-TA | EFYC | Funding & Awards | History | Music | Contact Us
AboutMyArea: Home | Site Map | Contact AboutMyArea | Terms & Conditions | Community Guidelines | Franchise Opportunity | Help

About Cookies