Credit Crunch "Things can only get worse" - CrunchBoy Check out :

10 August 10:20:29	"The economy is now sitting up and showing signs of recovery" - Vince Cable reports 2 years after the official start of the credit crunch. More in the Daily Mail.   Daily Mail
1 July 05:39:41	The UK recession is "nowhere near over" because "lending to businesses is still falling." Check out MoneyWeek for more info.   MoneyWeek
14 May 07:39:28	The City loves property man Nick Leslau who is raising £200,000,000 for a big bet on recovery in the commercial market with new venture Max Property Group. However, note that "The first five years of the firm's life will be about investing..."  Evening Standard
14 May 07:10:51	BT is to cut another 15,000 jobs from its workforce as it reveals "that costs have spiralled out of control" at BT Global Services where customers are seeking cheaper solutions.   BBC News
16 March 06:32:58	All over for the oligarchs? The NYT reports that "few businessmen anywhere have fallen as hard or as fast in recent months" because so many of Russia's richest were highy-leveraged as the credit crunch started.   The New York Times
13 March 12:34:42	Media designer Jonathan Jarvis explains the credit crunch graphically in 'The Crisis of Credit Visualized'. "The Short & Simple Story of the Credit Crisis" helps the bankers understand where it all went wrong.   The Crisis of Credit Visualized
24 February 11:06:38	Former Trade Minister Lord Digby Jones sees the UK economy "bottoming out" in 2010, but thinks that 2009 would be the "most difficult year since the Second World War."   The Times
21 February 05:27:08	Word from the south of France is that billionaire Mikhail Prokorov was the mystery buyer of La Leopolda, the world's most expensive house. Apparently he has also lost his deposit of $39,000,000 as the Russians retreat thanks to the fall in the rouble.   Luxury Property
20 February 06:07:24	UK government borrowing is exploding - "As a matter of arithmetic, therefore, the government deficit must increase." Check out financial writer Chris Dillow at 'Stumbling and Mumbling'.   Stumbling and Mumbling
8 January 05:11:58	Chancellor Alistair Darling has admitted the recession is "far from through."   Evening Standard
29 December 11:01:50	Dr Doom, aka Nouriel Roubini, is anticipating the worst for 2009 - "I expect a global recession and a very severe one."   The Times
2 December 07:14:28	Hard times at Happy Times as the London nursery operator closes suddenly - "It is with regret that we hereby notifiy you that Happy Times nurseries closed for the last time on 28th November 2008 at 6.30pm."   Happy Times
28 November 06:29:29	Sign of the times - US website Liquidation.com, which auctions excess and returned stock, is experiencing an 800% increase in business over this time last year. The floodgates opened in September.   Liquidation.com
25 November 07:01:36	Aston Martin now joins the list of car manufacturing plants in the UK which are cutting production. AM workers will be getting another two weeks off at Christmas.   The Telegraph
22 November 10:00:07	Three "D" words - deleveraging, deflation and depression - are nullifying the normal remedies, such as slashing interest rates.   Financial Post
22 November 09:59:16	Three Ds - "Deleveraging, deflation and depression are feeding one another in a potentially vicious manner."   Daily Telegraph
21 November 06:01:19	JPMorgan Chase economist Michael Feroli predicts that US interest rates will be 0% early in 2009.   US deflation fears: 0% rates prediction
21 November 06:00:34	Deflation - the dreaded D-word is cropping up in the media with increasing frequency.   New fear that West stands on brink of deflation
21 November 05:59:42	Honda has announced a 2-month closure of its Swindon factory. Almost 5,000 workers will be on basic pay for February and March 2009.   The Times
17 November 11:17:31	28% discount on yacht - the luxury yacht Alibella, delivered new only 6 months ago, is up for sale. Any buyer who can act within 30 days will get a 9,500,000 euro discount on the market value of 34,000,000 euros.   Daily Telegraph
17 November 11:13:03	US bank Citigroup "is planning to cut 50,000 jobs worldwide in the biggest round of redundancies by a single company since the financial crisis began."   Daily Telegraph
13 November 11:28:35	"New blow to economy as BT cuts 10,000 jobs."   The Independent
5 November 10:00:04	The UK's service companies, which make up 60 per cent of the UK economy, are feeling the effects of the downturn.   The Times
1 November 10:57:53	Every picture tells a story - 'Sad Guys on Trading Floors' by Chris Riebschlager and Jess Hemerly.   Sad Guys on Trading Floors
1 November 10:42:10	Experian Business Information reports UK business failures up 28% to 5,957 for the quarter to Sept 30 compared with 2007.   Experian Business Information
1 November 10:41:24	Plaistow Auctions reports handling a rapidly increasing volume of goods from "bailiff repossessions" across a wide range of business sectors.   Plaistow Auctions
30 October 12:29:27	Icelandic-owned Sterling Airlines, the 4th largest cheap-seats operator in Europe, has gone bust.   Sterling Airlines
30 October 12:22:36	'Icelanders are NOT terrorists' - an online campaign has started up after "Gordon Brown unjustifiably used the Anti-terrorism, Crime and Security Act of 2001 against the people of Iceland for his own short-term political gain."   Icelanders are NOT terrorists
29 October 10:53:57	"Pound in free fall and traders say there’s no way to stop the plunge."   The Times
24 October 07:05:36	The recession is here! Britain has experienced negative growth for the first time in 16 years.   The Times
22 October 06:57:10	"Goodbye and F*** You" - Andrew Lahde, a hedgie who made a fortune betting on the subprime collapse, signs off.   Portfolio.com
22 October 06:56:33	Depositors with Kaupthing Singer Friedlander (Isle of Man) have formed a Depositors Action Group.   KSF (IoM) DAG
22 October 06:46:47	Savers with Landsbanki in Guernsey may have lost 70% of their cash. More info on the Landsbanki Guernsey Savers site.   Landsbanki Guernsey Savers
22 October 06:34:31	Daniel Herzberg and partner Lucy Kinnison, who have their life savings in Landsbanki Guernsey bank, have set up the Landsbanki Depositors Action Group.   Landsbanki DAG
20 October 06:36:28	The ITEM Club reports that "the UK is entering inevitable recession...Even if recent government rescues have pulled us back from the brink, a lot of damage has been done and the availability of credit will improve only very slowly."   ITEM Club
20 October 06:35:36	Richard Exell, senior policy officer at the TUC, said: “We think it’s a racing certainty that unemployment will go over 2m, and we would guess that this will happen by the end of the year.”   Return of the dole queue
16 October 06:25:58	After the bailout bounce, the threat of a global recession is producing forecasts of 2,000,000 jobless in the UK by Christmas.   The Times
9 October 11:35:46	The beginning of the end says the City’s top player" - Michael Spencer talks to the Evening Standard.   Evening Standard
9 October 11:26:16	The IMF is forecasting a "major global slowdown" with "many advanced economies close to or moving into recession" and finally a "very gradual recovery."   International Monetary Fund