Are we heading towards a Financial Crisis in 2016? Reply


business man in a crisis

New YouGov research reveals that most British people expect a global financial crisis this year. 51% say this is very or fairly likely compared to 28% who say it is very or fairly unlikely. You Gov

There are several key reasons behind this thinking:

  1. Stock Market have created inflated values for businesses in that last couple of years and could fall dramatically this year
  2. China is in crisis, last week it suffered a 7% slump in its main share index
  3. The World Bank and OECD have both expressed doubts over economic growth
  4. Interest Rates are expected to rise
  5. Falling Oil Prices – great for consumers but bad for many economies

What should you do to prepare for the worst (hoping it doesn’t happen)?

  • Pay off debt and reduce your interest rate exposure
  • Improve your Cash Cycle and tighten credit controls
  • Re-examine your investment strategy

Let’s hope there isn’t a crisis!

steve@bicknells.net

Contact Us

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s