International Real Estate Analyst, Charles Byron Andrews, Warns of Global Credit Crisis - Pinpoints Exact Steps Necessary for England to Avoid Financi
London, England (PRWEB) April 3, 2008 -- International Real Estate Analyst and Best-Selling Author, Charles Byron Andrews, warns of a ensuing English credit crunch and urges lenders to ease off immediately. The Global Credit Crisis, as explained by Andrews, "is much worse than people really understand, yet we are still doing all of the things that will lead to devastation if we do not take immediate, corrective action."
In London to teach an educational masterclass and deliver the keynote address at Old Billingsgate this weekend, Charles Byron Andrews sends out a warning that if drastic measures are not taken immediately to stop England's economic slow-down, it will soon turn into crisis that will mirror the devastating and debilitating US mortgage meltdown.
Today, Mr. Andrews released the enclosed instructions.
4 Things that Need to Happen Immediately:
1. Interest-only portions of all residential notes and mortgages must be put on a 24 month freeze;
2. Mandatory curriculum in 2009: financial education must be taught in elementary schools through universities;
3. A two-point cut in interest rates next quarter;
4. The tax infrastructure must be re-analyzed from business perspectives.
Andrews, a US lender himself, further explains: "Lenders in the United Kingdom should evaluate their greed and be willing to lose a few quid to avoid total and catastrophic industry destruction which would put fuel in the fire of the global credit crisis." Andrews was the first analyst from North American to announce on international television, while on CNBC, that the US was in a full-blown Recession.
This news comes on the heels of the FSA falling victim to further scrutiny with regards to its handling of processing, its relationships and regulations: all tell-tale signs according to Andrews, that the UK is already mimicking the US' sub-prime meltdown.
Mr. Andrews has led the residential and commercial finance industry as a licensed, correspondent lender for the past 10 years. Having lived through the credit-crunch and sub-prime mess in the US, he speaks from experience on the warning signs of a terrible and destructive economic fall-down as well as the need for immediate action within the UK market.
Editor's Note: Mr. Andrews is available for interviews in London between the 2nd of April and 8th of April by contacting Nicole Biscuiti: 0781 292 1147. For more information visit www.Blue-Coast.com.
Mr. Andrews will be in the following cities around the globe:
- Madrid, Spain 8-13 April
- London, England 14-25 April
- Dublin, Ireland 26-28 April
- NYC, New York 29-30 April
- Palm Beach, Florida 1-15 May
- Miami, Florida 16-18 May
- Dubai, UAE 19 - 27 May
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