On 23rd August 2011 something happened that until recently would have been unthinkable. Japan had its credit rating downgraded. Japan is just the latest economy to bear the brunt of the global problem of ballooning debt and the feel the pain of Moody’s shaving of their credit rating down to an AAA3. This followed just [...]

Fears throughout the financial world of a double dip recession were demonstrated on the 19th August when gold prices soared to its highest ever rate; in a period where the United States dollar and Japanese yen, considered to be two of the stronger global currencies, have both slipped. Marking the biggest one-day rise of the [...]