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Even though US lawmakers failed to agree on a deficit plan,  treasuries and mortgage bonds are still attracting more investors, as European contagion fears continue with Spain, Portugal, and Italy.

Tags: Bond Investors Deficit Plan Investors Italy on Financial Brink Mortgage Bonds Portugal Spain Treasuries US Lawmakers

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• Credit Downgrade of Portugal Ignored – Market Update
• Market Update – Fear of Downgrade of Spanish and Irish Debt
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← Happy National Ice Cream Month! One Reverse Mort Read more…

While many are reacting to the news of bank failures and bailouts badly, there are a few people that are taking the time to assess the situation and figure out what they can do to stay on top, and keep their money safe. Panic is an ugly thing, especially when it involves money. Britain has already seen a run on their banks once this year, and many other countries are finding that their banks are on tenuous footing at best.

This creates an environment that is very unstable and as a result, the very real prospect of earning everything you worked so hard is now possible. The biggest mistake that people make when the economy goes through corrections is overreacting.

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Savers’ group called for Bank rate rise The real value of UK savings has been reduced by more than £50 billion over the last 12 months because of low interest rates and above-target inflation, a campaign group has said.

Save Our Savers wrote to all nine members of the Bank of England’s rate-setting committee, calling on them to up the rate to encourage saving and help those hardest hit, like pensioners. But yesterday (Thursday July 7th), as expected, the Bank’s Monetary Policy Committee voted to keep the official bank rate at 0.5%, as it has remained since March 2009. “A country without savings is a country without a future,” the group said.

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